Perdoceo Education Corp (PRDO)

Payables turnover

		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
Cost of revenue (ttm)	US$ in thousands	120,860	115,884	121,099	126,331	130,324	131,318	127,965	122,486	116,723	110,782	106,594	107,857	108,743	112,086	113,687	113,831	111,768	108,098	105,854	102,528
Payables	US$ in thousands	—	—	—	—	—	—	—	—	—	—	—	—	—	—	—	—	—	—	—	—
Payables turnover		—	—	—	—	—	—	—	—	—	—	—	—	—	—	—	—	—	—	—	—

December 31, 2024 calculation

Payables turnover = Cost of revenue (ttm) ÷ Payables
= $120,860K ÷ $—K
= —

The payables turnover ratio for Perdoceo Education Corp appears to be unavailable for the periods specified in the provided financial data. This ratio indicates how efficiently a company manages its accounts payable by measuring how many times a company pays off its average accounts payable balance over a certain period. Without specific values for the payables turnover, it is challenging to assess the company's efficiency in paying its suppliers and managing its short-term liabilities.

In general, a higher payables turnover ratio is favorable as it suggests that a company is paying its suppliers more quickly, which can enhance relationships and potentially lead to better credit terms. Conversely, a low payables turnover ratio may indicate that a company is holding onto its payables for an extended period, which could signal cash flow issues or potential strain on supplier relationships.

Without the actual figures for Perdoceo's payables turnover ratio, a deeper analysis of the company's liquidity management and ability to handle its short-term obligations is not possible. It would be essential to examine trends over time and compare the company's ratio with industry peers to gain more insights into its financial health and operational efficiency.