Green Dot (Green Dot) Days Payable : 46.46 (As of Dec. 2023)

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What is Green Dot Days Payable?

Green Dot's average Accounts Payable for the three months ended in Dec. 2023 was $115 Mil. Green Dot's Cost of Goods Sold for the three months ended in Dec. 2023 was $225 Mil. Hence, Green Dot's Days Payable for the three months ended in Dec. 2023 was 46.46.

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

GDOT' s Days Payable Range Over the Past 10 Years
Min: 24.04 Med: 37.25 Max: 64.05
Current: 46.53

During the past 13 years, Green Dot's highest Days Payable was 64.05. The lowest was 24.04. And the median was 37.25.

GDOT's Days Payable is ranked worse than
51.6% of 281 companies
in the Credit Services industry
Industry Median: 48.71 vs GDOT: 46.53

Green Dot's Days Payable declined from Dec. 2022 (55.09) to Dec. 2023 (46.46). It may suggest that Green Dot accelerated paying its suppliers.

Green Dot Days Payable Historical Data

The historical data trend for Green Dot'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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Green Dot Days Payable Chart

Green Dot Annual Data

Trend

Dec14

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

Days Payable

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34.82

25.15

24.04

41.56

48.44

Green Dot Quarterly Data
	Mar19	Jun19	Sep19	Dec19	Mar20	Jun20	Sep20	Dec20	Mar21	Jun21	Sep21	Dec21	Mar22	Jun22	Sep22	Dec22	Mar23	Jun23	Sep23	Dec23
Days Payable	Get a 7-Day Free Trial															55.09	47.86	45.61	44.34	46.46

Competitive Comparison of Green Dot's Days Payable

For the Credit Services subindustry, Green Dot'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.

Green Dot's Days Payable Distribution in the Credit Services Industry

For the Credit Services industry and Financial Services sector, Green Dot's Days Payable distribution charts can be found below:

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

Green Dot 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.

Green Dot'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
=	( (113.891	+	119.87)	/	2 )	/	880.783	*	365
=	116.8805					/	880.783	*	365
=	48.44

Green Dot'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
=	( (109.402	+	119.87)	/	2 )	/	225.173	*	365 / 4
=	114.636					/	225.173	*	365 / 4
=	46.46

Green Dot Days Payable Related Terms

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Green Dot (Green Dot) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Financial Services » Credit Services » Green Dot Corp (NYSE:GDOT) » Definitions » Days Payable

Comparable Companies

Traded in Other Exchanges

N/A

Address

114 West 7th Street, Suite 240, Austin, TX, USA, 78701

Website

https://www.greendot.com

Green Dot Corp is a financial technology company that provides financial services for consumers in the United States without good banking options. Through its Account Services segment, the company offers GoBank mobile checking and Visa- or Mastercard-branded prepaid debit cards, both reloadable and non-reloadable. Green Dot also supplies private-label reloadable cards for Wal-Mart. Account services revenue is generated through monthly maintenance fees, ATM fees, new card fees, and interchange fees. The company's Processing and Settlement Services segment generates revenue through service fees on debit card reloads and tax refund processing. The tax refund processing business earns fees when customers of third-party tax preparers choose to pay the preparer's fee through Green Dot's service.

Executives

Michelleta Razon	director	114 WEST 7TH STREET, SUITE 240, AUSTIN TX 78701
Starboard Value Gp Llc	10 percent owner, other: See Footnote 2	777 THIRD AVENUE, 18TH FLOOR, NEW YORK NY 10017
Starboard Value Lp	10 percent owner, other: See Footnote 2	777 THIRD AVENUE, 18TH FLOOR, NEW YORK NY 10017
Starboard Principal Co Lp	10 percent owner, other: See Footnote 2	777 THIRD AVENUE, 18TH FLOOR, NEW YORK NY 10017
Starboard Principal Co Gp Llc	10 percent owner, other: See Footnote 2	777 THIRD AVENUE, 18TH FLOOR, NEW YORK NY 10017
Starboard Value & Opportunity S Llc	other: See Footnote 2	777 THIRD AVENUE, 18TH FLOOR, NEW YORK NY 10017
Starboard Value & Opportunity Master Fund Ltd	other: See Footnote 2	777 THIRD AVENUE, 18TH FLOOR, NEW YORK NY 10017
Starboard Value & Opportunity C Lp	other: See Footnote 2	777 THIRD AVENUE, 18TH FLOOR, NEW YORK NY 10017
Jeffrey C Smith	10 percent owner, other: See Footnote 2	201 E LAS OLAS BOULEVARD, SUITE 1000, FORT LAUDERDALE FL 33301
Starboard Value R Lp	other: See Footnote 2	777 THIRD AVENUE, 18TH FLOOR, NEW YORK NY 10017
Starboard X Master Fund Ltd	other: See Footnote 2	777 THIRD AVENUE, 18TH FLOOR, NEW YORK NY 10017
Starboard Value L Lp	other: See Footnote 2	777 THIRD AVENUE, 18TH FLOOR, NEW YORK NY 10017
Starboard Value R Gp Llc	other: See Footnote 2	777 THIRD AVENUE, 18TH FLOOR, NEW YORK NY 10017
Starboard Value & Opportunity Master Fund L Lp	other: See Footnote 2	777 THIRD AVENUE, 18TH FLOOR, NEW YORK NY 10017
Christian Devin Ruppel	officer: Chief Revenue Officer	114 W 7TH STREET,, SUITE 240, AUSTIN TX 78701