GMS (GMS) Days Payable : 37.35 (As of Jan. 2024)

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What is GMS Days Payable?

GMS's average Accounts Payable for the three months ended in Jan. 2024 was $345 Mil. GMS's Cost of Goods Sold for the three months ended in Jan. 2024 was $844 Mil. Hence, GMS's Days Payable for the three months ended in Jan. 2024 was 37.35.

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

GMS' s Days Payable Range Over the Past 10 Years
Min: 22.71 Med: 25.05 Max: 46.67
Current: 34.73

During the past 11 years, GMS's highest Days Payable was 46.67. The lowest was 22.71. And the median was 25.05.

GMS's Days Payable is ranked worse than
83.83% of 1602 companies
in the Construction industry
Industry Median: 73.785 vs GMS: 34.73

GMS's Days Payable increased from Jan. 2023 (37.30) to Jan. 2024 (37.35). It may suggest that GMS delayed paying its suppliers.

GMS Days Payable Historical Data

The historical data trend for GMS'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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GMS Days Payable Chart

GMS Annual Data

Trend

Apr14

Apr15

Apr16

Apr17

Apr18

Apr19

Apr20

Apr21

Apr22

Apr23

Days Payable

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25.05

35.41

46.67

40.04

37.70

GMS Quarterly Data
	Apr19	Jul19	Oct19	Jan20	Apr20	Jul20	Oct20	Jan21	Apr21	Jul21	Oct21	Jan22	Apr22	Jul22	Oct22	Jan23	Apr23	Jul23	Oct23	Jan24
Days Payable	Get a 7-Day Free Trial															37.30	35.86	34.68	34.11	37.35

Competitive Comparison of GMS's Days Payable

For the Building Products & Equipment subindustry, GMS'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.

GMS's Days Payable Distribution in the Construction Industry

For the Construction industry and Industrials sector, GMS's Days Payable distribution charts can be found below:

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

GMS 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.

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

	Days Payable (A: Apr. 2023 )
=	Average Accounts Payable					/	Cost of Goods Sold	*	Days in Period
=	( (Accounts Payable (A: Apr. 2022 )	+	Accounts Payable (A: Apr. 2023 ))	/	count )	/	Cost of Goods Sold (A: Apr. 2023 )	*	Days in Period
=	( (367.315	+	377.003)	/	2 )	/	3603.307	*	365
=	372.159					/	3603.307	*	365
=	37.70

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

	Days Payable (Q: Jan. 2024 )
=	Average Accounts Payable					/	Cost of Goods Sold	*	Days in Period
=	( (Accounts Payable (Q: Oct. 2023 )	+	Accounts Payable (Q: Jan. 2024 ))	/	count )	/	Cost of Goods Sold (Q: Jan. 2024 )	*	Days in Period
=	( (367.405	+	323.263)	/	2 )	/	843.628	*	365 / 4
=	345.334					/	843.628	*	365 / 4
=	37.35

GMS Days Payable Related Terms

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

GMS (GMS) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Industrials » Construction » GMS Inc (NYSE:GMS) » Definitions » Days Payable

Comparable Companies

Traded in Other Exchanges

CLG:Germany

Address

100 Crescent Centre Parkway, Suite 800, Tucker, GA, USA, 30084

Website

https://www.gms.com

GMS Inc is a distributor of specialty building products including wallboard, suspended ceilings systems, or ceilings, steel framing, and other complementary building products. The company serves its products to commercial new construction, commercial repair and remodel, residential new construction, and residential repair and remodel (R&R). Its geographical segment is Central, Midwest, Northeast, Southern, Southeast, Western, and Canada. The company generates maximum revenue from Wallboard products and geographically from the United States.

Executives

George T Hendren	officer: Chief Operating Officer	100 CRESCENT CENTRE PARKWAY, SUITE 800, TUCKER GA 30084
Craig D Apolinsky	officer: VP, GC & Corporate Secretary	GMS INC., 100 CRESCENT CENTRE PARKWAY, SUITE 800, TUCKER GA 30084
J David Smith	director	GMS INC., 100 CRESCENT CENTRE PARKWAY, SUITE 800, TUCKER GA 30084
John J Gavin	director	GMS INC., 100 CRESCENT CENTRE PARKWAY, SUITE 800, TUCKER GA 30084
William Forrest Bell	officer: Chief Accounting Officer	1001 SUMMIT BLVD, NE, ATLANTA GA 30319
Scott M Deakin	officer: VP, Chief Financial Officer	123 MAIN STREET, BRISTOL CT 06011-2185
Coliseum Capital Management, Llc	10 percent owner	105 ROWAYTON AVENUE, ROWAYTON CT 06853
Theron I Gilliam	director	GMS INC., 100 CRESCENT CENTRE PARKWAY, SUITE 800, TUCKER GA 30084
Turner John C Jr	officer: President	1009 WIMBERLY COURT, ALLEN TX 75013-1195
Peter C Browning	director	GMS INC., 100 CRESCENT CENTRE PARKWAY, SUITE 800, TUCKER GA 30084
Leigh R Dobbs	officer: Chief Human Resources Officer	100 CRESCENT CENTRE PARKWAY, SUITE 800, TUCKER GA 30084
Coliseum Capital Co-invest Iii, L.p.	10 percent owner	105 ROWAYTON AVENUE, ROWAYTON CT 06853
Adam Gray	10 percent owner	105 ROWAYTON AVENUE, ROWAYTON CT 06853
Christopher S Shackelton	10 percent owner	105 ROWAYTON AVENUE, ROWAYTON CT 06853
Coliseum Capital, Llc	10 percent owner	105 ROWAYTON AVENUE, ROWAYTON CT 06853