GEE Group (FRA:4LU) Days Payable : 11.86 (As of Mar. 2024)

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What is GEE Group Days Payable?

GEE Group's average Accounts Payable for the three months ended in Mar. 2024 was €2.3 Mil. GEE Group's Cost of Goods Sold for the three months ended in Mar. 2024 was €17.7 Mil. Hence, GEE Group's Days Payable for the three months ended in Mar. 2024 was 11.86.

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

FRA:4LU' s Days Payable Range Over the Past 10 Years
Min: 8.16 Med: 10.48 Max: 13.3
Current: 11.71

During the past 13 years, GEE Group's highest Days Payable was 13.30. The lowest was 8.16. And the median was 10.48.

FRA:4LU's Days Payable is ranked worse than
88.5% of 922 companies
in the Business Services industry
Industry Median: 47.92 vs FRA:4LU: 11.71

GEE Group's Days Payable increased from Mar. 2023 (11.16) to Mar. 2024 (11.86). It may suggest that GEE Group delayed paying its suppliers.

GEE Group Days Payable Historical Data

The historical data trend for GEE Group'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.

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GEE Group Days Payable Chart

GEE Group Annual Data

Trend

Sep14

Sep15

Sep16

Sep17

Sep18

Sep19

Sep20

Sep21

Sep22

Sep23

Days Payable

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11.20

12.96

8.15

8.57

10.91

GEE Group Quarterly Data
	Jun19	Sep19	Dec19	Mar20	Jun20	Sep20	Dec20	Mar21	Jun21	Sep21	Dec21	Mar22	Jun22	Sep22	Dec22	Mar23	Jun23	Sep23	Dec23	Mar24
Days Payable	Get a 7-Day Free Trial															11.16	11.68	11.24	11.59	11.86

Competitive Comparison of GEE Group's Days Payable

For the Staffing & Employment Services subindustry, GEE Group'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.

GEE Group's Days Payable Distribution in the Business Services Industry

For the Business Services industry and Industrials sector, GEE Group's Days Payable distribution charts can be found below:

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

GEE Group 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.

GEE Group's Days Payable for the fiscal year that ended in Sep. 2023 is calculated as

	Days Payable (A: Sep. 2023 )
=	Average Accounts Payable					/	Cost of Goods Sold	*	Days in Period
=	( (Accounts Payable (A: Sep. 2022 )	+	Accounts Payable (A: Sep. 2023 ))	/	count )	/	Cost of Goods Sold (A: Sep. 2023 )	*	Days in Period
=	( (2.988	+	2.588)	/	2 )	/	93.298	*	365
=	2.788					/	93.298	*	365
=	10.91

GEE Group's Days Payable for the quarter that ended in Mar. 2024 is calculated as:

	Days Payable (Q: Mar. 2024 )
=	Average Accounts Payable					/	Cost of Goods Sold	*	Days in Period
=	( (Accounts Payable (Q: Dec. 2023 )	+	Accounts Payable (Q: Mar. 2024 ))	/	count )	/	Cost of Goods Sold (Q: Mar. 2024 )	*	Days in Period
=	( (2.28	+	2.331)	/	2 )	/	17.74	*	365 / 4
=	2.3055					/	17.74	*	365 / 4
=	11.86

GEE Group Days Payable Related Terms

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GEE Group (FRA:4LU) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Industrials » Business Services » GEE Group Inc (FRA:4LU) » Definitions » Days Payable

Comparable Companies

Traded in Other Exchanges

JOB:USA

Address

7751 Belfort Parkway, Suite 150, Jacksonville, FL, USA, 32256

Website

https://www.geegroup.com

GEE Group Inc is a provider of specialized staffing solutions across the United States. The company's operating segment includes Industrial Staffing Services and Professional Staffing Services. It generates maximum revenue from the Professional Staffing Services segment. The company provides the following services, direct hire placement services, temporary professional services staffing in the fields of information technology, accounting, finance and office, engineering, and medical, and temporary light industrial staffing.

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