Grand Canyon Education Inc

NASDAQ LOPE

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Grand Canyon Education Inc Accounts Payable Turnover Ratio 5 year CAGR for the year ending December 31, 2023: -1.70%

Grand Canyon Education Inc Accounts Payable Turnover Ratio 5 year CAGR is -1.70% for the year ending December 31, 2023, a -126.66% change year over year. The accounts payable turnover ratio measures the number of times a company pays off its accounts payable during a specific period. It is calculated by dividing the company's revenue by its accounts payable. This ratio indicates how efficiently a company manages its outstanding payments to suppliers and vendors. A higher turnover ratio suggests that the company is paying off its obligations quickly, while a lower ratio may indicate a slower payment process or potential liquidity issues. CAGR, or the Compound Annual Growth Rate, quantifies the mean annual growth rate of an investment or financial metric over a specified time span, considering the influence of compounding. It is instrumental in determining the true annualized return on an investment.

Grand Canyon Education Inc Accounts Payable Turnover Ratio for the year ending December 31, 2022 was 45.55, a 23.49% change year over year.
Grand Canyon Education Inc Accounts Payable Turnover Ratio for the year ending December 31, 2021 was 36.89, a -27.53% change year over year.
Grand Canyon Education Inc Accounts Payable Turnover Ratio for the year ending December 31, 2020 was 50.90, a -3.02% change year over year.
Grand Canyon Education Inc Accounts Payable Turnover Ratio for the year ending December 31, 2019 was 52.49, a -11.39% change year over year.

NASDAQ: LOPE

Grand Canyon Education Inc

CEO	Mr. Brian E. Mueller
IPO Date	Nov. 20, 2008
Location	United States
Headquarters	2600 West Camelback Road, Phoenix, AZ, United States, 85017
Employees	4,068
Sector	Consumer Defensive
Industry	Education & training services

Description

Grand Canyon Education, Inc. provides education services to colleges and universities in the United States. It offers technology services, including learning management system, internal administration, infrastructure, and support services; academic services, such as program and curriculum, faculty and related training and development, class scheduling, and skills and simulation lab sites; and counseling services and support services comprising admission, financial aid, and field experience and other counseling services. The company also offers marketing and communication services that include lead acquisition, digital communications strategy, brand identity, media planning and strategy, video, business intelligence and data science, and market research services; and back-office services consisting of finance and accounting, human resources, audit, and procurement services. In addition, it provides education services to 25 university partners. Grand Canyon Education, Inc. was founded in 1949 and is headquartered in Phoenix, Arizona.

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