Gartner (Gartner) Days Payable : 10.87 (As of Dec. 2023)

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What is Gartner Days Payable?

Gartner's average Accounts Payable for the three months ended in Dec. 2023 was $63 Mil. Gartner's Cost of Goods Sold for the three months ended in Dec. 2023 was $530 Mil. Hence, Gartner's Days Payable for the three months ended in Dec. 2023 was 10.87.

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

IT' s Days Payable Range Over the Past 10 Years
Min: 7.88 Med: 10.93 Max: 14.28
Current: 14.03

During the past 13 years, Gartner's highest Days Payable was 14.28. The lowest was 7.88. And the median was 10.93.

IT's Days Payable is ranked worse than
87.47% of 2522 companies
in the Software industry
Industry Median: 51.485 vs IT: 14.03

Gartner's Days Payable declined from Dec. 2022 (15.98) to Dec. 2023 (10.87). It may suggest that Gartner accelerated paying its suppliers.

Gartner Days Payable Historical Data

The historical data trend for Gartner'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.

Gartner Days Payable Chart

Gartner Annual Data

Trend

Dec14

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

Days Payable

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8.30

9.71

11.10

14.28

14.03

Gartner 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															15.98	17.45	-	-	10.87

Competitive Comparison of Gartner's Days Payable

For the Information Technology Services subindustry, Gartner'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.

Gartner's Days Payable Distribution in the Software Industry

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

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

Gartner 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.

Gartner'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
=	( (83.225	+	63.139)	/	2 )	/	1903.24	*	365
=	73.182					/	1903.24	*	365
=	14.03

Gartner'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
=	( (0	+	63.139)	/	1 )	/	529.842	*	365 / 4
=	63.139					/	529.842	*	365 / 4
=	10.87

Gartner Days Payable Related Terms

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Gartner (Gartner) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Technology » Software » Gartner Inc (NYSE:IT) » Definitions » Days Payable

Comparable Companies

Traded in Other Exchanges

GGRA:Germany GGRA:Germany

Address

56 Top Gallant Road, P.O. Box 10212, Stamford, CT, USA, 06902-7700

Website

https://www.gartner.com

Based in Stamford, Conn., Gartner provides independent research and analysis on information technology and other related technology industries. Its research is delivered to clients' desktops in the form of reports, briefings, and updates. Typical clients are chief information officers and other business executives who help plan companies' IT budgets. Gartner also provides consulting services and hosted nearly 80 IT conferences across the globe in 2007.

Executives

Claire Herkes	officer: EVP, Conferences	56 TOP GALLANT ROAD, STAMFORD CT 06902
Robin B Kranich	officer: SVP,Research Ops & Bus Dvlpmt	56 TOP GALLANT RD, STAMFORD CT 06902
Craig Safian	officer: EVP & CFO	56 TOP GALLANT ROAD, STAMFORD CT 06904
Valentin Sribar	officer: SVP, Research & Advisory	56 TOP GALLANT ROAD, STAMFORD CT 06902
Alwyn Dawkins	officer: EVP, Conferences	56 TOP GALLANT ROAD, STAMFORD CT 06902
Akhil Jain	officer: SVP, Consulting	56 TOP GALLANT ROAD, STAMFORD CT 06902
Richard J Bressler	director	1515 BROADWAY, NEW YORK NY 10036
James C Smith	director	C/O FIRST HEALTH GROUP CORP, 3200 HIGHLAND AVENUE, DOWNERS GROVE IL 60515
Wartinbee William James Iii	officer: SVP, Global Sales Strat & Ops	56 TOP GALLANT ROAD, STAMFORD CT 06902
Anne Sutherland Fuchs	director
Joseph P. Beck	officer: EVP, Global Technology Sales	56 TOP GALLANT RD., STAMFORD CT 06902
Eugene A Hall	director, officer: CEO	ONE ADP BLVD, ROSELAND NJ 07068
Altaf Rupani	officer: EVP, Chief Information Officer	56 TOP GALLANT RD, STAMFORD CT 06902
Michael Fox Diliberto	officer: SVP, Chief Information Officer	56 TOP GALLANT RD, STAMFORD CT 06904
Scott Hensel	officer: EVP Consulting	C/O GARTNER, INC., 56 TOP GALLANT RD., STAMFORD CT 06902