Grand Canyon Education Inc (LOPE)

Number of days of payables

		Dec 31, 2024	Dec 31, 2023	Dec 31, 2022	Dec 31, 2021	Dec 31, 2020
Payables turnover		10.00	14.40	12.50	9.39	13.03
Number of days of payables	days	36.51	25.36	29.21	38.89	28.01

December 31, 2024 calculation

Number of days of payables = 365 ÷ Payables turnover
= 365 ÷ 10.00
= 36.51

Grand Canyon Education Inc's number of days of payables has shown some fluctuations over the past five years. As of December 31, 2020, the company took an average of 28.01 days to pay its payables. This number increased to 38.89 days by the end of 2021, reflecting a potential slowdown in the company's payment cycle.

However, by December 31, 2022, the number of days of payables decreased to 29.21 days, indicating an improvement in the company's efficiency in settling its obligations. The trend continued in 2023, with the number of days of payables further decreasing to 25.36 days, suggesting that Grand Canyon Education Inc managed its payables more effectively during that period.

Conversely, by December 31, 2024, the number of days of payables rose to 36.51 days, potentially indicating a delay in payment processing or changing payment terms with suppliers. Overall, fluctuations in the number of days of payables can provide insights into the company's liquidity management, supplier relationships, and operational efficiency.