Shopify (Shopify) Days Payable : 30.70 (As of Dec. 2023)

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What is Shopify Days Payable?

Shopify's average Accounts Payable for the three months ended in Dec. 2023 was $364 Mil. Shopify's Cost of Goods Sold for the three months ended in Dec. 2023 was $1,082 Mil. Hence, Shopify's Days Payable for the three months ended in Dec. 2023 was 30.70.

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: 40.98 Max: 53.55
Current: 46.77

During the past 12 years, Shopify's highest Days Payable was 53.55. The lowest was 34.09. And the median was 40.98.

SHOP's Days Payable is ranked worse than
52.83% of 2523 companies
in the Software industry
Industry Median: 51.48 vs SHOP: 46.77

Shopify's Days Payable declined from Dec. 2022 (46.75) to Dec. 2023 (30.70). It may suggest that Shopify accelerated 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 Days Payable Chart

Shopify Annual Data

Trend

Dec14

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

Days Payable

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38.88

34.09

38.78

41.55

37.48

Shopify 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															46.75	51.85	57.84	62.18	30.70

Competitive Comparison of Shopify's Days Payable

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's Days Payable Distribution in the Software Industry

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. 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
=	( (364	+	364)	/	2 )	/	3545	*	365
=	364					/	3545	*	365
=	37.48

Shopify'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	+	364)	/	1 )	/	1082	*	365 / 4
=	364					/	1082	*	365 / 4
=	30.70

Shopify Days Payable Related Terms

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Shopify (Shopify) Business Description

Industry

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

Comparable Companies

Traded in Other Exchanges

SHOP:Mexico 307:Germany 307:Germany SHOP:Canada S2HO34:Brazil

Address

151 O'Connor Street, Ground Floor, Ottawa, ON, CAN, K2P2L8

Website

https://www.shopify.com

Shopify offers an e-commerce platform primarily to small and medium-size businesses. The firm has two segments. 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. The merchant solutions segment offers add-on products for the platform that facilitate e-commerce and include Shopify Payments, Shopify Shipping, and Shopify Capital.