Quality Online Education Group (Quality Online Education Group) Days Payable : 63.06 (As of May. 2023)

View and export this data going back to 2009. Start your Free Trial

What is Quality Online Education Group Days Payable?

Quality Online Education Group's average Accounts Payable for the three months ended in May. 2023 was $0.37 Mil. Quality Online Education Group's Cost of Goods Sold for the three months ended in May. 2023 was $0.54 Mil. Hence, Quality Online Education Group's Days Payable for the three months ended in May. 2023 was 63.06.

The historical rank and industry rank for Quality Online Education Group's Days Payable or its related term are showing as below:

QOEG' s Days Payable Range Over the Past 10 Years
Min: 38.44 Med: 52.59 Max: 176.65
Current: 71.76

During the past 10 years, Quality Online Education Group's highest Days Payable was 176.65. The lowest was 38.44. And the median was 52.59.

QOEG's Days Payable is not ranked
in the Education industry.
Industry Median: 35.9 vs QOEG: 71.76

Quality Online Education Group's Days Payable increased from May. 2022 (0.00) to May. 2023 (63.06). It may suggest that Quality Online Education Group delayed paying its suppliers.

Quality Online Education Group Days Payable Historical Data

The historical data trend for Quality Online Education Group's Days Payable can be seen below:

* For Operating Data section: All numbers are indicated by the unit behind each term and all currency related amount are in USD.
* For other sections: All numbers are in millions except for per share data, ratio, and percentage. All currency related amount are indicated in the company's associated stock exchange currency.

* Premium members only.

Quality Online Education Group Days Payable Chart

Quality Online Education Group Annual Data

Trend

Dec07

Dec08

Dec09

Dec10

Dec11

Dec12

Aug13

Aug14

Aug21

Aug22

Days Payable

Get a 7-Day Free Trial

55.80

38.44

176.65

49.38

Quality Online Education Group Quarterly Data
	Mar12	Jun12	Sep12	Dec12	Mar13	Aug13	Nov13	Feb14	May14	Aug14	Nov14	Feb15	Aug21	Nov21	Feb22	May22	Aug22	Nov22	Feb23	May23
Days Payable	Get a 7-Day Free Trial															-	68.06	76.78	36.68	63.06

Competitive Comparison of Quality Online Education Group's Days Payable

For the Education & Training Services subindustry, Quality Online Education Group's Days Payable, along with its competitors' market caps and Days Payable data, can be viewed below:

* Competitive companies are chosen from companies within the same industry, with headquarter located in same country, with closest market capitalization; x-axis shows the market cap, and y-axis shows the term value; the bigger the dot, the larger the market cap. Note that "N/A" values will not show up in the chart.

Quality Online Education Group's Days Payable Distribution in the Education Industry

For the Education industry and Consumer Defensive sector, Quality Online Education Group's Days Payable distribution charts can be found below:

* The bar in red indicates where Quality Online Education Group's Days Payable falls into.

Quality Online Education Group Days Payable Calculation

Days Payable indicates the number of days that the account payable relative to cost of goods sold the company has. An increase of Days Payable may suggest that the company delays paying its suppliers.

Quality Online Education Group's Days Payable for the fiscal year that ended in Aug. 2022 is calculated as

	Days Payable (A: Aug. 2022 )
=	Average Accounts Payable					/	Cost of Goods Sold	*	Days in Period
=	( (Accounts Payable (A: Aug. 2021 )	+	Accounts Payable (A: Aug. 2022 ))	/	count )	/	Cost of Goods Sold (A: Aug. 2022 )	*	Days in Period
=	( (0.012	+	0.182)	/	2 )	/	0.717	*	365
=	0.097					/	0.717	*	365
=	49.38

Quality Online Education Group's Days Payable for the quarter that ended in May. 2023 is calculated as:

	Days Payable (Q: May. 2023 )
=	Average Accounts Payable					/	Cost of Goods Sold	*	Days in Period
=	( (Accounts Payable (Q: Feb. 2023 )	+	Accounts Payable (Q: May. 2023 ))	/	count )	/	Cost of Goods Sold (Q: May. 2023 )	*	Days in Period
=	( (0.157	+	0.588)	/	2 )	/	0.539	*	365 / 4
=	0.3725					/	0.539	*	365 / 4
=	63.06

Quality Online Education Group Days Payable Related Terms

Thank you for viewing the detailed overview of Quality Online Education Group's Days Payable provided by GuruFocus.com. Please click on the following links to see related term pages.

Quality Online Education Group (Quality Online Education Group) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Consumer Defensive » Education » Quality Online Education Group Inc (OTCPK:QOEG) » Definitions » Days Payable

Comparable Companies

Traded in Other Exchanges

N/A

Address

55 Commerce Valley Dr. West, Thornhill, ON, CAN, L3T7V9

Website

https://www.qualityonline.education

Quality Online Education Group Inc is a e-Learning company that provides comprehensive online English lessons to students in China and expanding to other markets where English education is sought after. The company is a pioneer and industry leader in providing real-time online small group classes. The main business scope of the Group includes K12 English Online education services, courseware development and education-technology platform development. The students achieve noticeable and quantifiable results, by delivery of quality education from passionate team of teachers and teaching assistants, based in North America and the Philippines.

Executives

Amanda Anderson	director	UNITS 2611-13A, 26/F, 113 ARGYLE STREET, MONGKOK, KOWLOON K3 SAR
Fu Kei Man Derek	director	2611-13A, 26/F, 113 ARGYLE STREET, MONGKOK, KOWLOON K3 SAR
Yin Yee Tso	director, officer: Chief Operating Officer	UNITS 2611-13A, 26/F, 113 ARGYLE STREET, MONGKOK, KOWLOON K3 SAR
Wing Yee Tong	10 percent owner	UNITS 2611-13A, 26/F, 113 ARGYLE STREET, MONGKOK, KOWLOON K3 SAR
Lai Ying Li	director, officer: Chairman, CEO, CFO and Sec.	UNITS 2611-13A, 26/F, 113 ARGYLE STREET, MONGKOK, KOWLOON K3 SAR
Wing Shan Tong	10 percent owner	UNITS 2611-13A, 26/F, 113 ARGYLE STREET, MONGKOK, KOWLOON K3 SAR
Yiu Kwong Pang	director	UNITS 2611-13A, 26/F, 113 ARGYLE STREET, MONGKOK, KOWLOON K3 SAR