Thoughtworks Holding (Thoughtworks Holding) Days Payable : 1.74 (As of Dec. 2023)

View and export this data going back to 2021. Start your Free Trial

What is Thoughtworks Holding Days Payable?

Thoughtworks Holding's average Accounts Payable for the three months ended in Dec. 2023 was $3 Mil. Thoughtworks Holding's Cost of Goods Sold for the three months ended in Dec. 2023 was $181 Mil. Hence, Thoughtworks Holding's Days Payable for the three months ended in Dec. 2023 was 1.74.

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

TWKS' s Days Payable Range Over the Past 10 Years
Min: 1.89 Med: 2.49 Max: 3.88
Current: 2.27

During the past 5 years, Thoughtworks Holding's highest Days Payable was 3.88. The lowest was 1.89. And the median was 2.49.

TWKS's Days Payable is ranked worse than
98.1% of 2523 companies
in the Software industry
Industry Median: 51.48 vs TWKS: 2.27

Thoughtworks Holding's Days Payable declined from Dec. 2022 (2.23) to Dec. 2023 (1.74). It may suggest that Thoughtworks Holding accelerated paying its suppliers.

Thoughtworks Holding Days Payable Historical Data

The historical data trend for Thoughtworks Holding'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.

Thoughtworks Holding Days Payable Chart

Thoughtworks Holding Annual Data

Trend

Dec19

Dec20

Dec21

Dec22

Dec23

Days Payable

3.88

3.62

2.49

1.92

1.89

Thoughtworks Holding Quarterly Data
	Dec19	Jun20	Sep20	Dec20	Mar21	Jun21	Sep21	Dec21	Mar22	Jun22	Sep22	Dec22	Mar23	Jun23	Sep23	Dec23
Days Payable	Get a 7-Day Free Trial											2.23	2.74	2.76	2.13	1.74

Competitive Comparison of Thoughtworks Holding's Days Payable

For the Information Technology Services subindustry, Thoughtworks Holding'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.

Thoughtworks Holding's Days Payable Distribution in the Software Industry

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

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

Thoughtworks Holding 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.

Thoughtworks Holding'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
=	( (5.248	+	2.767)	/	2 )	/	772.8	*	365
=	4.0075					/	772.8	*	365
=	1.89

Thoughtworks Holding'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
=	( (4.119	+	2.767)	/	2 )	/	180.955	*	365 / 4
=	3.443					/	180.955	*	365 / 4
=	1.74

Thoughtworks Holding Days Payable Related Terms

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

Thoughtworks Holding (Thoughtworks Holding) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Technology » Software » Thoughtworks Holding Inc (NAS:TWKS) » Definitions » Days Payable

Comparable Companies

Traded in Other Exchanges

7W8:Germany

Address

200 East Randolph Street, 25th Floor, Chicago, IL, USA, 60601

Website

https://www.thoughtworks.com

Thoughtworks Holding Inc is a global technology consultancy that integrates strategy, design and software engineering to enable enterprises and technology disruptors across the globe to thrive as modern digital businesses. Its global service lines include Enterprise Modernization, Platforms and Cloud; Customer Experience, Product and Design; Data and Artificial Intelligence (AI), and Digital Transformation and Operations. Geographically, it derives a majority of its revenue from North America and also has a presence in APAC; Europe, and LATAM.

Executives

Joanna Parke	officer: Chief Talent Officer	C/O TURING HOLDING CORP., 200 EAST RANDOLPH STREET, 25TH FLOOR, CHICAGO IL 60601
Sudhir Tiwari	officer: See Remarks	300 EAST RANDOLPH STREET, 25TH FLOOR, CHICAGO IL 60601
Erin Cummins	officer: Chief Financial Officer	C/O TURING HOLDING CORP., 200 EAST RANDOLPH STREET, 25TH FLOOR, CHICAGO IL 60601
Guo Xiao	director, officer: Chief Executive Officer	C/O TURING HOLDING CORP., 200 EAST RANDOLPH STREET, 25TH FLOOR, CHICAGO IL 60601
Ian Davis	director	JOHNSON & JOHNSON, ONE JOHNSON & JOHNSON PLAZA, NEW BRUNSWICK NJ 08933
Christopher Gerard Murphy	officer: See Remarks	C/O TURING HOLDING CORP., 200 EAST RANDOLPH STREET, 25TH FLOOR, CHICAGO IL 60601
Sai Krishna Mandapaty	officer: Chief Commercial Officer	C/O TURING HOLDING CORP., 200 EAST RANDOLPH STREET, 25TH FLOOR, CHICAGO IL 60601
Julie Woods-moss	officer: Chief Marketing Officer	C/O TURING HOLDING CORP., 200 EAST RANDOLPH STREET, 25TH FLOOR, CHICAGO IL 60601
Angela Ferguson	officer: Chief Transformation Officer	C/O TURING HOLDING CORP., 200 EAST RANDOLPH STREET, 25TH FLOOR, CHICAGO IL 60601
William G Parrett	director	THE BLACKSTONE GROUP L.P., 345 PARK AVENUE, NEW YORK NY 10154
Ramona Mateiu	officer: See Remarks	C/O TURING HOLDING CORP., 200 EAST RANDOLPH STREET, 25TH FLOOR, CHICAGO IL 60601
Chad-affonso Wathington	officer: Chief Strategy Officer	C/O TURING HOLDING CORP., 200 EAST RANDOLPH STREET, 25TH FLOOR, CHICAGO IL 60601
Rebecca J Parsons	officer: Chief Technology Officer	C/O TURING HOLDING CORP., 200 EAST RANDOLPH STREET, 25TH FLOOR, CHICAGO IL 60601
Rohan Haldea	director	C/O TURING HOLDING CORP., 200 EAST RANDOLPH STREET, 25TH FLOOR, CHICAGO IL 60601
Turing Gp Co. Ltd	10 percent owner	200 EAST RANDOLPH STREET, 25TH FLOOR, CHICAGO IL 60601