Freightos (Freightos) Days Payable : 146.13 (As of Dec. 2023)

View and export this data going back to 2023. Start your Free Trial

What is Freightos Days Payable?

Freightos's average Accounts Payable for the three months ended in Dec. 2023 was $3.18 Mil. Freightos's Cost of Goods Sold for the three months ended in Dec. 2023 was $1.99 Mil. Hence, Freightos's Days Payable for the three months ended in Dec. 2023 was 146.13.

The historical rank and industry rank for Freightos's Days Payable or its related term are showing as below:

CRGO' s Days Payable Range Over the Past 10 Years
Min: 24.43 Med: 61.7 Max: 148.38
Current: 148.38

During the past 4 years, Freightos's highest Days Payable was 148.38. The lowest was 24.43. And the median was 61.70.

CRGO's Days Payable is ranked better than
89.82% of 933 companies
in the Transportation industry
Industry Median: 39.08 vs CRGO: 148.38

Freightos's Days Payable declined from Dec. 2022 (149.19) to Dec. 2023 (146.13). It may suggest that Freightos accelerated paying its suppliers.

Freightos Days Payable Historical Data

The historical data trend for Freightos's Days Payable can be seen below:

* For Operating Data section: All numbers are indicated by the unit behind each term and all currency related amount are in USD.
* For other sections: All numbers are in millions except for per share data, ratio, and percentage. All currency related amount are indicated in the company's associated stock exchange currency.

* Premium members only.

Freightos Days Payable Chart

Freightos Annual Data

Trend

Dec20

Dec21

Dec22

Dec23

Days Payable

24.43

34.67

88.73

136.61

Freightos Quarterly Data
	Dec20	Jun21	Dec21	Mar22	Jun22	Sep22	Dec22	Mar23	Jun23	Sep23	Dec23
Days Payable	Get a 7-Day Free Trial						149.19	166.39	160.24	134.20	146.13

Competitive Comparison of Freightos's Days Payable

For the Integrated Freight & Logistics subindustry, Freightos's Days Payable, along with its competitors' market caps and Days Payable data, can be viewed below:

* Competitive companies are chosen from companies within the same industry, with headquarter located in same country, with closest market capitalization; x-axis shows the market cap, and y-axis shows the term value; the bigger the dot, the larger the market cap. Note that "N/A" values will not show up in the chart.

Freightos's Days Payable Distribution in the Transportation Industry

For the Transportation industry and Industrials sector, Freightos's Days Payable distribution charts can be found below:

* The bar in red indicates where Freightos's Days Payable falls into.

Freightos Days Payable Calculation

Days Payable indicates the number of days that the account payable relative to cost of goods sold the company has. An increase of Days Payable may suggest that the company delays paying its suppliers.

Freightos's Days Payable for the fiscal year that ended in Dec. 2023 is calculated as

	Days Payable (A: Dec. 2023 )
=	Average Accounts Payable					/	Cost of Goods Sold	*	Days in Period
=	( (Accounts Payable (A: Dec. 2022 )	+	Accounts Payable (A: Dec. 2023 ))	/	count )	/	Cost of Goods Sold (A: Dec. 2023 )	*	Days in Period
=	( (3.234	+	3.113)	/	2 )	/	8.479	*	365
=	3.1735					/	8.479	*	365
=	136.61

Freightos's Days Payable for the quarter that ended in Dec. 2023 is calculated as:

	Days Payable (Q: Dec. 2023 )
=	Average Accounts Payable					/	Cost of Goods Sold	*	Days in Period
=	( (Accounts Payable (Q: Sep. 2023 )	+	Accounts Payable (Q: Dec. 2023 ))	/	count )	/	Cost of Goods Sold (Q: Dec. 2023 )	*	Days in Period
=	( (3.248	+	3.113)	/	2 )	/	1.986	*	365 / 4
=	3.1805					/	1.986	*	365 / 4
=	146.13

Freightos Days Payable Related Terms

Thank you for viewing the detailed overview of Freightos's Days Payable provided by GuruFocus.com. Please click on the following links to see related term pages.

Freightos (Freightos) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Industrials » Transportation » Freightos Ltd (NAS:CRGO) » Definitions » Days Payable

Comparable Companies

Traded in Other Exchanges

N/A

Address

1 Derech Agudat Sport HaPo’el, Technology Park Building 2, Jerusalem, ISR, 9695102

Website

https://www.freightos.com

Freightos Ltd operates as a vendor-neutral booking and payment platform for international freight. Its platform supports supply chain efficiency and agility by enabling real-time procurement of ocean and air shipping across more than ten thousand importers/exporters. forwarders, and dozens of airlines and ocean carriers. WebCargo by Freightos is a freight platform connecting carriers and forwarders in particular an air cargo eBooking platform. Freightos.com is a digital international freight marketplace for importers and exporters for instant pricing, booking, and shipment management. The company operates in two segments-Platform segment and Solutions segment. Geographically, the company operates in Europe, Hong Kong, United States which is majority revenue generator and others.