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Shopify Days Payable

: 58.94 (As of Jun. 2022)
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Shopify's average Accounts Payable for the three months ended in Jun. 2022 was $413 Mil. Shopify's Cost of Goods Sold for the three months ended in Jun. 2022 was $639 Mil. Hence, Shopify's Days Payable for the three months ended in Jun. 2022 was 58.94.

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

SHOP' s Days Payable Range Over the Past 10 Years
Min: 34.09   Med: 48.43   Max: 88.73
Current: 53.07

During the past 10 years, Shopify's highest Days Payable was 88.73. The lowest was 34.09. And the median was 48.43.

SHOP's Days Payable is ranked better than
50.02% of 2389 companies
in the Software industry
Industry Median: 52.90 vs SHOP: 53.07

Shopify's Days Payable increased from Jun. 2021 (57.51) to Jun. 2022 (58.94). It may suggest that Shopify delayed paying its suppliers.


Shopify Days Payable Historical Data

The historical data trend for Shopify'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.

Shopify Annual Data
Trend Dec12 Dec13 Dec14 Dec15 Dec16 Dec17 Dec18 Dec19 Dec20 Dec21
Days Payable
Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only 48.98 40.41 38.88 34.09 38.78

Shopify Quarterly Data
Sep17 Dec17 Mar18 Jun18 Sep18 Dec18 Mar19 Jun19 Sep19 Dec19 Mar20 Jun20 Sep20 Dec20 Mar21 Jun21 Sep21 Dec21 Mar22 Jun22
Days Payable Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only 57.51 56.73 42.12 55.67 58.94

Competitive Comparison

For the Software - Application subindustry, Shopify'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.

   

Shopify Days Payable Distribution

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

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



Shopify 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.

Shopify's Days Payable for the fiscal year that ended in Dec. 2021 is calculated as

Days Payable (A: Dec. 2021 )
=Average Accounts Payable /Cost of Goods Sold*Days in Period
=( (Accounts Payable (A: Dec. 2020 ) + Accounts Payable (A: Dec. 2021 )) / count ) / Cost of Goods Sold (A: Dec. 2021 )*Days in Period
=( (168.72 + 284.01) / 2 ) / 2130.712*365
=226.365 / 2130.712*365
=38.78

Shopify's Days Payable for the quarter that ended in Jun. 2022 is calculated as:

Days Payable (Q: Jun. 2022 )
=Average Accounts Payable / Cost of Goods Sold*Days in Period
=( (Accounts Payable (Q: Mar. 2022 ) + Accounts Payable (Q: Jun. 2022 )) / count ) / Cost of Goods Sold (Q: Jun. 2022 )*Days in Period
=( (406.647 + 419.408) / 2 ) / 639.421*365 / 4
=413.0275 / 639.421*365 / 4
=58.94

* 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.


Shopify Days Payable Related Terms

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


Shopify Business Description

Shopify logo
Traded in Other Exchanges
Address
151 O'Connor Street, Ground Floor, Ottawa, ON, CAN, K2P2L8
Shopify offers an e-commerce platform primarily to small and midsize businesses. The firm has two segments: subscription solutions (43% of fiscal 2018 revenue) and merchant solutions (57% of fiscal 2018 revenue). The subscription solutions segment allows Shopify merchants to conduct e-commerce on a variety of platforms, including the company's website, physical stores, pop-up stores, kiosks, social networks (Facebook), and Amazon. Merchant solutions are add-on products for the platform that facilitate e-commerce and include Shopify Payments, Shopify Shipping, and Shopify Capital.

Shopify Headlines

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