Perdoceo Education Corp (PRDO)
Number of days of payables
| Dec 31, 2023 | Dec 31, 2022 | Dec 31, 2021 | Dec 31, 2020 | Dec 31, 2019 | ||
|---|---|---|---|---|---|---|
| Payables turnover | 49.40 | 42.58 | 52.82 | 43.44 | 49.44 | |
| Number of days of payables | days | 7.39 | 8.57 | 6.91 | 8.40 | 7.38 |
December 31, 2023 calculation
Number of days of payables = 365 ÷ Payables turnover
= 365 ÷ 49.40
= 7.39
The number of days of payables for Perdoceo Education Corporation is not provided in the table. This ratio measures how long, on average, it takes for the company to pay its outstanding payables to suppliers and other creditors.
To calculate the number of days of payables, we would need the following information:
- Accounts Payable for the current year and the previous year
- Cost of Goods Sold or Expenses for the current year
By dividing the Accounts Payable by the Cost of Goods Sold or Expenses and then multiplying the result by 365 days, we can derive the number of days of payables. This ratio is important as it indicates the efficiency of the company in managing its cash flow and its relationships with suppliers.
Peer comparison
Dec 31, 2023