Grand Canyon Education Inc (LOPE)

Number of days of payables

		Dec 31, 2023	Sep 30, 2023	Jun 30, 2023	Mar 31, 2023	Dec 31, 2022	Sep 30, 2022	Jun 30, 2022	Mar 31, 2022	Dec 31, 2021	Sep 30, 2021	Jun 30, 2021	Mar 31, 2021	Dec 31, 2020	Sep 30, 2020	Jun 30, 2020	Mar 31, 2020	Dec 31, 2019	Sep 30, 2019	Jun 30, 2019	Mar 31, 2019
Payables turnover		14.40	10.68	11.12	11.56	12.50	9.98	10.10	6.01	7.19	5.67	10.03	12.84	13.03	13.80	10.37	10.44	13.33	8.94	9.53	12.70
Number of days of payables	days	25.36	34.18	32.82	31.58	29.21	36.58	36.13	60.71	50.77	64.42	36.41	28.43	28.01	26.45	35.20	34.95	27.38	40.81	38.32	28.75

December 31, 2023 calculation

Number of days of payables = 365 ÷ Payables turnover
= 365 ÷ 14.40
= 25.36

The number of days of payables for Grand Canyon Education Inc has shown some fluctuations over the past eight quarters. The trend indicates that the company takes an average of around 50 to 60 days to pay its suppliers.

In the most recent quarter, Q4 2023, the number of days of payables was 41.66 days, showing a significant decrease compared to the previous quarter. This suggests that the company may have improved its efficiency in paying its liabilities and managing its working capital.

Looking back at historical data, there was a notable peak in Q1 2022 when the number of days of payables was 108.15 days. This indicates that the company took a longer time to pay its suppliers during that period, which could have been influenced by various factors such as cash flow management or changes in supplier agreements.

Overall, monitoring the number of days of payables is important to assess how efficiently a company manages its outstanding payments to suppliers. A lower number of days of payables may indicate better liquidity management, while a higher number may raise concerns about potential cash flow challenges or strained supplier relationships.