Strategic Education Inc (STRA)
Payables turnover
| Dec 31, 2023 | Dec 31, 2022 | Dec 31, 2021 | Dec 31, 2020 | Dec 31, 2019 | ||
|---|---|---|---|---|---|---|
| Cost of revenue | US$ in thousands | 650,091 | 631,158 | 688,110 | 641,967 | 558,915 |
| Payables | US$ in thousands | — | — | — | — | — |
| Payables turnover | — | — | — | — | — |
December 31, 2023 calculation
Payables turnover = Cost of revenue ÷ Payables
= $650,091K ÷ $—K
= —
The payables turnover ratio for Strategic Education Inc has consistently been reported as 0.00 for the past five years (from 2019 to 2023). This indicates that the company is not effectively managing its accounts payable in relation to its cost of goods sold. A payables turnover ratio of 0.00 suggests that the company is taking an extremely long time to pay its suppliers or may not be making payments at all. This could potentially result in strained relationships with suppliers and impact the company's creditworthiness. Further analysis and investigation into the company's payables management practices are recommended to understand the reasons behind this consistently low payables turnover ratio and to address any potential issues.
Peer comparison
Dec 31, 2023