GDS Holdings (GDS Holdings) Days Payable : 134.97 (As of Dec. 2023)

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What is GDS Holdings Days Payable?

GDS Holdings's average Accounts Payable for the three months ended in Dec. 2023 was $440 Mil. GDS Holdings's Cost of Goods Sold for the three months ended in Dec. 2023 was $297 Mil. Hence, GDS Holdings's Days Payable for the three months ended in Dec. 2023 was 134.97.

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

GDS' s Days Payable Range Over the Past 10 Years
Min: 137.29 Med: 204.18 Max: 241.74
Current: 137.29

During the past 10 years, GDS Holdings's highest Days Payable was 241.74. The lowest was 137.29. And the median was 204.18.

GDS's Days Payable is ranked better than
76.23% of 2524 companies
in the Software industry
Industry Median: 50.7 vs GDS: 137.29

GDS Holdings's Days Payable declined from Dec. 2022 (163.22) to Dec. 2023 (134.97). It may suggest that GDS Holdings accelerated paying its suppliers.

GDS Holdings Days Payable Historical Data

The historical data trend for GDS Holdings'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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GDS Holdings Days Payable Chart

GDS Holdings Annual Data

Trend

Dec14

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

Days Payable

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190.37

227.43

225.55

181.86

149.76

GDS Holdings 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															163.22	135.59	135.64	130.93	134.97

Competitive Comparison of GDS Holdings's Days Payable

For the Information Technology Services subindustry, GDS Holdings'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.

GDS Holdings's Days Payable Distribution in the Software Industry

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

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

GDS Holdings 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.

GDS Holdings'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
=	( (443.634	+	479.67)	/	2 )	/	1125.186	*	365
=	461.652					/	1125.186	*	365
=	149.76

GDS Holdings'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
=	( (400.373	+	479.67)	/	2 )	/	297.495	*	365 / 4
=	440.0215					/	297.495	*	365 / 4
=	134.97

GDS Holdings Days Payable Related Terms

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GDS Holdings (GDS Holdings) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Technology » Software » GDS Holdings Ltd (NAS:GDS) » Definitions » Days Payable

Comparable Companies

Traded in Other Exchanges

GDS:Mexico 09698:Hong Kong G40:Germany G1DS34:Brazil

Address

No. 999 Zhouhai Road, F4/F5, Building C, Sunland International, Pudong, Shanghai, CHN, 200137

Website

https://www.gds-services.com

GDS Holdings started as an IT service provider in 2001 then moved to the data center business with its first self-developed data center opening in 2010. The company now develops and operates data centers in China and also builds, operates and transfers data centers for other clients. It offers colocation and managed services and mainly targets hyperscale cloud service customers who take large areas of its data centers or even whole data centers under long-term contracts. It has aggressively raised capital over the past four years for expansion. Its data centers are located predominantly in and around the Tier 1 cities in China and it has also started an expanding into Southeast Asia. GDS listed on the NASDAQ in 2016 and completed a secondary listing in Hong Kong in 2020.