Automatic Data Processing (Automatic Data Processing) Days Payable

: 2.57 (As of Dec. 2023)

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Automatic Data Processing's average Accounts Payable for the three months ended in Dec. 2023 was $72 Mil. Automatic Data Processing's Cost of Goods Sold for the three months ended in Dec. 2023 was $2,562 Mil. Hence, Automatic Data Processing's Days Payable for the three months ended in Dec. 2023 was 2.57.

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

ADP' s Days Payable Range Over the Past 10 Years
Min: 2.87 Med: 6.33 Max: 9.84
Current: 2.87

During the past 13 years, Automatic Data Processing's highest Days Payable was 9.84. The lowest was 2.87. And the median was 6.33.

ADP's Days Payable is ranked worse than
96.45% of 929 companies
in the Business Services industry
Industry Median: 47.88 vs ADP: 2.87

Automatic Data Processing's Days Payable declined from Dec. 2022 (3.13) to Dec. 2023 (2.57). It may suggest that Automatic Data Processing accelerated paying its suppliers.

Automatic Data Processing Days Payable Historical Data

The historical data trend for Automatic Data Processing'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.

Automatic Data Processing Annual Data

Trend

Jun14

Jun15

Jun16

Jun17

Jun18

Jun19

Jun20

Jun21

Jun22

Jun23

Days Payable

5.94

4.92

5.13

4.85

3.80

Automatic Data Processing Quarterly Data
	Mar19	Jun19	Sep19	Dec19	Mar20	Jun20	Sep20	Dec20	Mar21	Jun21	Sep21	Dec21	Mar22	Jun22	Sep22	Dec22	Mar23	Jun23	Sep23	Dec23
Days Payable																3.13	2.78	3.15	2.98	2.57

Competitive Comparison

For the Staffing & Employment Services subindustry, Automatic Data Processing'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.

Automatic Data Processing Days Payable Distribution

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

* The bar in red indicates where Automatic Data Processing's Days Payable falls into.

Automatic Data Processing 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.

Automatic Data Processing's Days Payable for the fiscal year that ended in Jun. 2023 is calculated as

	Days Payable (A: Jun. 2023 )
=	Average Accounts Payable					/	Cost of Goods Sold	*	Days in Period
=	( (Accounts Payable (A: Jun. 2022 )	+	Accounts Payable (A: Jun. 2023 ))	/	count )	/	Cost of Goods Sold (A: Jun. 2023 )	*	Days in Period
=	( (110.2	+	96.8)	/	2 )	/	9953.4	*	365
=	103.5					/	9953.4	*	365
=	3.80

Automatic Data Processing'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
=	( (67.4	+	76.8)	/	2 )	/	2561.6	*	365 / 4
=	72.1					/	2561.6	*	365 / 4
=	2.57

Automatic Data Processing Days Payable Related Terms

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Automatic Data Processing (Automatic Data Processing) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Industrials » Business Services » Automatic Data Processing Inc (NAS:ADP) » Definitions » Days Payable

Comparable Companies

Traded in Other Exchanges

ADAP:Mexico 1ADP:Italy ADP:Germany ADP:Germany ADP:Germany ADPR34:Brazil ADP:Austria ADP:Argentina

Address

One ADP Boulevard, Roseland, NJ, USA, 07068

Website

https://www.adp.com

ADP is a provider of payroll and human capital management solutions servicing the full scope of businesses from micro to global enterprises. ADP was established in 1949 and serves over 1 million clients primarily in the United States. ADP's employer services segment offers payroll, human capital management solutions, human resources outsourcing, insurance and retirement services. The smaller but faster-growing professional employer organization segment provides HR outsourcing solutions to small and midsize businesses through a co-employment model.

Executives

John Ayala	officer: Corp. VP	ONE ADP BOULEVARD, ROSELAND NJ 07068
Maria Black	officer: Corp. VP	ONE ADP BOULEVARD, ROSELAND NJ 07068
Brock Albinson	officer: Corp. VP	ONE ADP BOULEVARD, ROSELAND NJ 07068
David Kwon	officer: Corp VP	ONE ADP BOULEVARD, ROSELAD NJ 07068
Don Mcguire	officer: Corp VP	ONE ADP BOULEVARD, ROSELAND NJ 07068
Carlos A Rodriguez	officer: Corporate Vice President	10200 SUNSET DRIVE, MIAMI FL 33173
Michael A Bonarti	officer: Staff Vice President	ONE ADP BOULEVARD, ROSELAND NJ 07068
Christopher D'ambrosio	officer: Corp. VP	ONE ADP BOULEVARD, ROSELAND NJ 07068
Joseph Desilva	officer: Corp VP	ONE ADP BOULEVARD, ROSELAND NJ 07068
Paul Boland	officer: Corp. VP	ONE ADP BOULEVARD, ROSELAND NJ 07068
Donald Weinstein	officer: Corporate VP	ONE ADP BOULEVARD, ROSELAND NJ 07068
James T Sperduto	officer: Corp VP	ONE ADP BOULEVARD, ROSELAND NJ 07068
Laura G Brown	officer: Corp. VP	ONE ADP BOULEVARD, ROSELAND NJ 07068
Augusto J Blanchard	officer: Corp VP	ONE ADP BOULEVARD, ROSELAND NJ 07068
Alexander Quevedo	officer: Corp VP	ONE ADP BOULEVARD, ROSELAND NJ 07068