CGI (GIB) Days Payable

: 27.61 (As of Dec. 2023)

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CGI's average Accounts Payable for the three months ended in Dec. 2023 was $681 Mil. CGI's Cost of Goods Sold for the three months ended in Dec. 2023 was $2,250 Mil. Hence, CGI's Days Payable for the three months ended in Dec. 2023 was 27.61.

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

GIB' s Days Payable Range Over the Past 10 Years
Min: 28.47 Med: 41.69 Max: 47.4
Current: 28.47

During the past 13 years, CGI's highest Days Payable was 47.40. The lowest was 28.47. And the median was 41.69.

GIB's Days Payable is ranked worse than
69.04% of 2523 companies
in the Software industry
Industry Median: 51.48 vs GIB: 28.47

CGI's Days Payable declined from Dec. 2022 (32.77) to Dec. 2023 (27.61). It may suggest that CGI accelerated paying its suppliers.

CGI Days Payable Historical Data

The historical data trend for CGI'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.

CGI Annual Data

Trend

Sep14

Sep15

Sep16

Sep17

Sep18

Sep19

Sep20

Sep21

Sep22

Sep23

Days Payable

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41.97

36.24

31.68

33.10

29.79

CGI 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															32.77	29.10	27.19	28.75	27.61

Competitive Comparison

For the Information Technology Services subindustry, CGI'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.

CGI Days Payable Distribution

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

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

CGI 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.

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

	Days Payable (A: Sep. 2023 )
=	Average Accounts Payable					/	Cost of Goods Sold	*	Days in Period
=	( (Accounts Payable (A: Sep. 2022 )	+	Accounts Payable (A: Sep. 2023 ))	/	count )	/	Cost of Goods Sold (A: Sep. 2023 )	*	Days in Period
=	( (761.981	+	683.363)	/	2 )	/	8855.532	*	365
=	722.672					/	8855.532	*	365
=	29.79

CGI'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
=	( (683.363	+	678.603)	/	2 )	/	2250.384	*	365 / 4
=	680.983					/	2250.384	*	365 / 4
=	27.61

CGI Days Payable Related Terms

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CGI (GIB) Business Description

Industry

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

Comparable Companies

Traded in Other Exchanges

CJ5A:Germany GIB.A:Canada

Address

1350 Rene-Levesque Boulevard West, 25th Floor, Montreal, QC, CAN, H3G 1T4

Website

https://www.cgi.com

CGI Inc. is a Canada-based IT-services provider with an embedded position in North America and Europe. The company generates more than CAD 14 billion in annual revenue, employs over 90,000 personnel, and operates across 400 offices in 40 countries. CGI offers a broad portfolio of services such as consulting, systems integration, application maintenance, and business process services, or BPS. The company's largest vertical market is government, which contributes more than a third of group revenue.