Global Industrial Co (Global Industrial Co) Days Payable : 47.92 (As of Mar. 2024)

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What is Global Industrial Co Days Payable?

Global Industrial Co's average Accounts Payable for the three months ended in Mar. 2024 was $112 Mil. Global Industrial Co's Cost of Goods Sold for the three months ended in Mar. 2024 was $213 Mil. Hence, Global Industrial Co's Days Payable for the three months ended in Mar. 2024 was 47.92.

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

GIC' s Days Payable Range Over the Past 10 Years
Min: 45.25 Med: 65.16 Max: 187.07
Current: 47.64

During the past 13 years, Global Industrial Co's highest Days Payable was 187.07. The lowest was 45.25. And the median was 65.16.

GIC's Days Payable is ranked worse than
55.56% of 144 companies
in the Industrial Distribution industry
Industry Median: 53.645 vs GIC: 47.64

Global Industrial Co's Days Payable declined from Mar. 2023 (52.15) to Mar. 2024 (47.92). It may suggest that Global Industrial Co accelerated paying its suppliers.

Global Industrial Co Days Payable Historical Data

The historical data trend for Global Industrial Co'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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Global Industrial Co Days Payable Chart

Global Industrial Co Annual Data

Trend

Dec14

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

Days Payable

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63.75

65.52

63.54

51.77

45.25

Global Industrial Co 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															52.15	47.66	46.83	50.99	47.92

Competitive Comparison of Global Industrial Co's Days Payable

For the Industrial Distribution subindustry, Global Industrial Co'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.

Global Industrial Co's Days Payable Distribution in the Industrial Distribution Industry

For the Industrial Distribution industry and Industrials sector, Global Industrial Co's Days Payable distribution charts can be found below:

* The bar in red indicates where Global Industrial Co's Days Payable falls into.

Global Industrial Co 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.

Global Industrial Co'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
=	( (96.9	+	111)	/	2 )	/	838.5	*	365
=	103.95					/	838.5	*	365
=	45.25

Global Industrial Co'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
=	( (111	+	112.2)	/	2 )	/	212.5	*	365 / 4
=	111.6					/	212.5	*	365 / 4
=	47.92

Global Industrial Co Days Payable Related Terms

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Global Industrial Co (Global Industrial Co) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Industrials » Industrial Distribution » Global Industrial Co (NYSE:GIC) » Definitions » Days Payable

Comparable Companies

Traded in Other Exchanges

GML0:Germany

Address

11 Harbor Park Drive, Port Washington, NY, USA, 11050

Website

https://investors.globalindustrial.com

Global Industrial Co is a value-added industrial distributor. It distributes a wide range of industrial and maintenance, repair, and operations (MRO) products to customers across North America, including storage and shelving, safety and security, carts and trucks, HVAC and fans, furniture and decor, material handling, janitorial and facility maintenance, workbenches and shop desks, tools and instruments, plumbing and pumps, office and school supplies, packaging and shipping, lighting and electrical, food service and retail, medical and laboratory, motors and power transmission, building supplies, machining, fasteners and hardware, vehicle maintenance, and raw materials.

Executives

Thomas Axmacher	officer: VP-Controller (CAO)	C/O GLOBAL INDUSTRIAL COMPANY, 11 HARBOR PARK DRIVE, PORT WASHINGTON NY 11050
Thomas Suozzi	director	C/O GLOBAL INDUSTRIAL COMPANY, 11 HARBOR PARK DRIVE, PORT WASHINGTON NY 11050
Robert Leeds 2008 Family Trust	10 percent owner	C/O GLOBAL INDUSTRIAL COMPANY, 11 HARBOR PARK DRIVE, PORT WASHINGTON NY 11050
Bruce Leeds	director, officer: V. Chmn & Pres of Int. Op.	C/O GLOBAL INDUSTRIAL COMPANY, 11 HARBOR PARK DRIVE, PORT WASHINGTON NY 11050
Richard Leeds	director, 10 percent owner, officer: Chairman and CEO	C/O SYSTEMAX INC., 11 HARBOR PARK DRIVE, PORT WASHINGTON NY 11050
Robert Leeds	director, officer: V. Chmn & Pres. of Dom. Op.	C/O GLOBAL INDUSTRIAL COMPANY, 11 HARBOR PARK DRIVE, PORT WASHINGTON NY 11050
Barry Litwin	director	C/O GLOBAL INDUSTRIAL COMPANY, 11 HARBOR PARK DRIVE, PORT WASHINGTON NY 11050
Storch Adina	officer: SVP & General Counsel	C/O GLOBAL INDUSTRIAL COMPANY, 11 HARBOR PARK DRIVE, PORT WASHINGTON NY 11050
Donna Fielding	officer: Chief Human Resources Officer	C/O GLOBAL INDUSTRIAL COMPANY, 11 HARBOR PARK DRIVE, PORT WASHINGTON NY 11050
Christopher Longhito	officer: SVP, Operations	C/O GLOBAL INDUSTRIAL COMPANY, 11 HARBOR PARK DRIVE, PORT WASHINGTON NY 11050
Alex Tomey	officer: SVP & Chief Merchandising OFC	C/O GLOBAL INDUSTRIAL COMPANY, 11 HARBOR PARK DRIVE, PORT WASHINGTON NY 11050
Manoj Shetty	officer: SVP & Chief Info Officer	C/O GLOBAL INDUSTRIAL COMPANY, 11 HARBOR PARK DRIVE, PORT WASHINGTON NY 11050
Robert Dooley	officer: Sr. Vice President	C/O SYSTEMAX INC., 11 HARBOR PARK DRIVE, PORT WASHINGTON NY 11050
Klaus Werner	officer: SVP & Chief Marketing Officer	C/O GLOBAL INDUSTRIAL COMPANY, 11 HARBOR PARK DRIVE, PORT WASHINGTON NY 11050
Claudia Hughes	officer: SVP & Chief Sales Officer	C/O GLOBAL INDUSTRIAL COMPANY, 11 HARBOR PARK DRIVE, PORT WASHINGTON NY 11050