Grand Canyon Education Inc (LOPE)

Number of days of payables

		Dec 31, 2024	Sep 30, 2024	Jun 30, 2024	Mar 31, 2024	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
Payables turnover		10.00	9.38	11.56	8.65	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
Number of days of payables	days	36.51	38.92	31.57	42.22	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

December 31, 2024 calculation

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

The number of days of payables for Grand Canyon Education Inc has shown fluctuations over the past few years based on the provided data.

From March 31, 2020, to December 31, 2022, the number of days of payables ranged between approximately 26 to 60 days, with some ups and downs. The company seemed to be managing its payables efficiently during this period.

However, there was a significant increase in the number of days of payables from September 30, 2022, to September 30, 2023, reaching a peak of 64.42 days in September 2021. This could indicate a change in the company's payables management or its relationship with suppliers.

After September 30, 2023, the number of days of payables started to decrease gradually, stabilizing around 30 to 40 days over the following reporting periods. This could suggest that Grand Canyon Education Inc has taken steps to improve its payables management or address issues that led to the increase in payables days.

Overall, monitoring the trend in the number of days of payables can provide insights into the company's liquidity, cash flow management, and relationships with suppliers.