GigaCloud Technology (GigaCloud Technology) Days Payable : 28.68 (As of Dec. 2023)

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What is GigaCloud Technology Days Payable?

GigaCloud Technology's average Accounts Payable for the three months ended in Dec. 2023 was $55.0 Mil. GigaCloud Technology's Cost of Goods Sold for the three months ended in Dec. 2023 was $174.9 Mil. Hence, GigaCloud Technology's Days Payable for the three months ended in Dec. 2023 was 28.68.

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

GCT' s Days Payable Range Over the Past 10 Years
Min: 24.72 Med: 29.87 Max: 35.89
Current: 29.71

During the past 5 years, GigaCloud Technology's highest Days Payable was 35.89. The lowest was 24.72. And the median was 29.87.

GCT's Days Payable is ranked worse than
67.34% of 2526 companies
in the Software industry
Industry Median: 50.42 vs GCT: 29.71

GigaCloud Technology's Days Payable increased from Dec. 2022 (28.60) to Dec. 2023 (28.68). It may suggest that GigaCloud Technology delayed paying its suppliers.

GigaCloud Technology Days Payable Historical Data

The historical data trend for GigaCloud Technology'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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GigaCloud Technology Days Payable Chart

GigaCloud Technology Annual Data

Trend

Dec19

Dec20

Dec21

Dec22

Dec23

Days Payable

34.30

24.72

25.43

35.89

GigaCloud Technology Quarterly Data
	Dec19	Dec20	Mar21	Jun21	Sep21	Dec21	Mar22	Jun22	Sep22	Dec22	Mar23	Jun23	Sep23	Dec23
Days Payable	Get a 7-Day Free Trial									28.60	30.16	27.58	26.47	28.68

Competitive Comparison of GigaCloud Technology's Days Payable

For the Software - Infrastructure subindustry, GigaCloud Technology'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.

GigaCloud Technology's Days Payable Distribution in the Software Industry

For the Software industry and Technology sector, GigaCloud Technology's Days Payable distribution charts can be found below:

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

GigaCloud Technology 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.

GigaCloud Technology'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
=	( (31.573	+	69.757)	/	2 )	/	515.198	*	365
=	50.665					/	515.198	*	365
=	35.89

GigaCloud Technology'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
=	( (40.203	+	69.757)	/	2 )	/	174.9	*	365 / 4
=	54.98					/	174.9	*	365 / 4
=	28.68

GigaCloud Technology Days Payable Related Terms

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GigaCloud Technology (GigaCloud Technology) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Technology » Software » GigaCloud Technology Inc (NAS:GCT) » Definitions » Days Payable

Comparable Companies

CCSI IIIV LVOX SCWX NN OSPN STEM CGNT BAND CORZQ MSFT ORCL ADBE PANW SNPS VMW FTNT CRWD PLTR SQ

Traded in Other Exchanges

N/A

Address

24-30 Ice House Street, Unit A, 12th Floor, Shun Ho Tower, Central, Hong Kong, HKG

Website

https://www.gigacloudtech.com

GigaCloud Technology Inc end-to-end B2B e-commerce solutions for large parcel merchandise. Its B2B e-commerce platform, which refers to as the GigaCloud Marketplace, integrates everything from discovery, payments, and logistics tools into one easy-to-use platform. It offers online and offline integrated cross-border transaction and delivery services for furniture and large merchandise. Its marketplace seamlessly connects manufacturers in Asia, with resellers in the U.S., Asia, and Europe, to execute cross-border transactions with confidence, speed, and efficiency. It offers a truly comprehensive solution that transports products from the manufacturer's warehouse to end customers, all at one fixed price.