Grand Canyon Education Inc (LOPE)

Based on the data provided, Grand Canyon Education Inc's payables turnover has shown some fluctuations over the years. The payables turnover ratio measures how efficiently a company manages its accounts payable by converting them into purchases or expenses.

As of December 31, 2020, the payables turnover ratio was 13.03, indicating that Grand Canyon Education Inc was able to pay off its suppliers approximately 13 times during that year. This high ratio suggests efficient management of accounts payable.

However, by December 31, 2021, the payables turnover ratio decreased to 9.39, possibly signaling a slowdown in the company's ability to pay off its creditors relative to the previous year.

Subsequently, there was an improvement in the payables turnover ratio by December 31, 2022, reaching 12.50. This could imply that the company enhanced its efficiency in managing accounts payable during that period.

The payables turnover ratio further increased to 14.40 by December 31, 2023, indicating a significant improvement in the management of accounts payable, possibly resulting in quicker payment cycles.

By December 31, 2024, the payables turnover ratio dropped to 10.00. Although lower than the previous year, it still suggests that Grand Canyon Education Inc was able to pay off its suppliers 10 times during that year.

Overall, the trend in Grand Canyon Education Inc's payables turnover ratio shows some variability, with periods of improvement and slight declines. It is essential for the company to monitor and manage its accounts payable effectively to ensure its financial health and maintain good relationships with its suppliers.

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Dec 31, 2024