ShiftPixy (ShiftPixy) Days Payable : 241.64 (As of Feb. 2024)

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What is ShiftPixy Days Payable?

ShiftPixy's average Accounts Payable for the three months ended in Feb. 2024 was $9.51 Mil. ShiftPixy's Cost of Goods Sold for the three months ended in Feb. 2024 was $3.59 Mil. Hence, ShiftPixy's Days Payable for the three months ended in Feb. 2024 was 241.64.

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

PIXY' s Days Payable Range Over the Past 10 Years
Min: 14.91 Med: 101.75 Max: 369.66
Current: 359.62

During the past 9 years, ShiftPixy's highest Days Payable was 369.66. The lowest was 14.91. And the median was 101.75.

PIXY's Days Payable is ranked better than
94.15% of 923 companies
in the Business Services industry
Industry Median: 47.09 vs PIXY: 359.62

ShiftPixy's Days Payable declined from Feb. 2023 (360.69) to Feb. 2024 (241.64). It may suggest that ShiftPixy accelerated paying its suppliers.

ShiftPixy Days Payable Historical Data

The historical data trend for ShiftPixy'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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ShiftPixy Days Payable Chart

ShiftPixy Annual Data

Trend

Aug15

Aug16

Aug17

Aug18

Aug19

Aug20

Aug21

Aug22

Aug23

Days Payable

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121.84

196.75

82.05

121.45

369.66

ShiftPixy Quarterly Data
	May19	Aug19	Nov19	Feb20	May20	Aug20	Nov20	Feb21	May21	Aug21	Nov21	Feb22	May22	Aug22	Nov22	Feb23	May23	Aug23	Nov23	Feb24
Days Payable	Get a 7-Day Free Trial															360.69	420.21	440.58	357.05	241.64

Competitive Comparison of ShiftPixy's Days Payable

For the Staffing & Employment Services subindustry, ShiftPixy'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.

ShiftPixy's Days Payable Distribution in the Business Services Industry

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

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

ShiftPixy 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.

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

	Days Payable (A: Aug. 2023 )
=	Average Accounts Payable					/	Cost of Goods Sold	*	Days in Period
=	( (Accounts Payable (A: Aug. 2022 )	+	Accounts Payable (A: Aug. 2023 ))	/	count )	/	Cost of Goods Sold (A: Aug. 2023 )	*	Days in Period
=	( (16.225	+	16.692)	/	2 )	/	16.251	*	365
=	16.4585					/	16.251	*	365
=	369.66

ShiftPixy's Days Payable for the quarter that ended in Feb. 2024 is calculated as:

	Days Payable (Q: Feb. 2024 )
=	Average Accounts Payable					/	Cost of Goods Sold	*	Days in Period
=	( (Accounts Payable (Q: Nov. 2023 )	+	Accounts Payable (Q: Feb. 2024 ))	/	count )	/	Cost of Goods Sold (Q: Feb. 2024 )	*	Days in Period
=	( (9.321	+	9.698)	/	2 )	/	3.591	*	365 / 4
=	9.5095					/	3.591	*	365 / 4
=	241.64

ShiftPixy Days Payable Related Terms

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

ShiftPixy (ShiftPixy) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Industrials » Business Services » ShiftPixy Inc (NAS:PIXY) » Definitions » Days Payable

Comparable Companies

Traded in Other Exchanges

N/A

Address

4101 NW 25th Street, Miami, FL, USA, 33131

Website

https://www.shiftpixy.com

ShiftPixy Inc provides a disruptive human capital management platform, revolutionizing employment in the Gig Economy by delivering a next-gen mobile engagement technology to help businesses with shift-based employees navigate regulatory mandates, minimize administrative burdens and connect with a ready-for-hire workforce. ShiftPixy adds a needed layer for addressing compliance and continued demands for equitable employment practices in the growing economy. Geographically it operates in California and Washington and drives key revenue from Californian religion. Its primary operating business metric is gross billings, consisting of the clients' fully burdened payroll costs.

Executives

Douglas Beck	officer: Chief Financial Officer	C/O IBIO, INC., 9 INNOVATION WAY, SUITE 100, NEWARK DE 19711
Kenneth Weir Weaver	director	901 RIVERSIDE DRIVE, OLD HICKORY TN 37138
Manuel Rivera	officer: Treasurer and Acting CFO	C/O SHIFTPIXY, INC., 501 BRICKELL KEY DRIVE, SUITE 300, MIAMI FL 33131
Domonic J. Carney	officer: Chief Financial Officer	9400 TOLEDO WAY, IRVINE CA 92618
Robert S. Gans	officer: Secretary & Corporate Counsel	C/O SHIFTPIXY, INC., 1 VENTURE, SUITE 150, IRVINE CA 92618
Scott W Absher	director, 10 percent owner, officer: Chief Executive Officer	4101 NW 25TH STREET, MIAMI FL 33142
Amanda Murphy	director	C/O SHIFTPIXY, INC., 1 VENTURE, SUITE 150, IRVINE CA 92618
Christopher Sebes	director	1 VENTURE, SUITE 150, IRVINE CA 92618
John Stephen Holmes	10 percent owner	1 VENTURE, SUITE 150, IRVINE CA 92618
Kirk M Flagg	officer: Chief Compliance Officer	1 VENTURE, SUITE 150, IRVINE CA 92618
Whitney James White	director	1991 BROADWAY, APT 26/27C, NEW YORK NY 10023
Sean Christopher Higgins	director	42 OAKRIDGE CRES, GUELPH A6 N1L 1J3
Mark A Absher	director	18101 VON KARMAN AVE, STE 330, IRVINE CA 96212
Stephen Paul Desantis	officer: CFO	1 SCARLET MAPLE DRIVE, LADERA RANCH CA 92694