TrueBlue (TrueBlue) Days Payable : 13.20 (As of Dec. 2023)

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What is TrueBlue Days Payable?

TrueBlue's average Accounts Payable for the three months ended in Dec. 2023 was $53 Mil. TrueBlue's Cost of Goods Sold for the three months ended in Dec. 2023 was $364 Mil. Hence, TrueBlue's Days Payable for the three months ended in Dec. 2023 was 13.20.

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

TBI' s Days Payable Range Over the Past 10 Years
Min: 8.93 Med: 12.82 Max: 17.34
Current: 15.35

During the past 13 years, TrueBlue's highest Days Payable was 17.34. The lowest was 8.93. And the median was 12.82.

TBI's Days Payable is ranked worse than
84.03% of 927 companies
in the Business Services industry
Industry Median: 47.14 vs TBI: 15.35

TrueBlue's Days Payable declined from Dec. 2022 (14.53) to Dec. 2023 (13.20). It may suggest that TrueBlue accelerated paying its suppliers.

TrueBlue Days Payable Historical Data

The historical data trend for TrueBlue'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.

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TrueBlue Days Payable Chart

TrueBlue Annual Data

Trend

Dec14

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

Days Payable

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13.61

16.47

15.34

16.99

17.34

TrueBlue 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															14.53	18.75	14.88	12.74	13.20

Competitive Comparison of TrueBlue's Days Payable

For the Staffing & Employment Services subindustry, TrueBlue'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.

TrueBlue's Days Payable Distribution in the Business Services Industry

For the Business Services industry and Industrials sector, TrueBlue's Days Payable distribution charts can be found below:

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

TrueBlue 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.

TrueBlue'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
=	( (76.644	+	56.401)	/	2 )	/	1400.184	*	365
=	66.5225					/	1400.184	*	365
=	17.34

TrueBlue'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
=	( (48.879	+	56.401)	/	2 )	/	363.889	*	365 / 4
=	52.64					/	363.889	*	365 / 4
=	13.20

TrueBlue Days Payable Related Terms

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TrueBlue (TrueBlue) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Industrials » Business Services » TrueBlue Inc (NYSE:TBI) » Definitions » Days Payable

Comparable Companies

Traded in Other Exchanges

N/A

Address

1015 A Street, Tacoma, WA, USA, 98402

Website

https://www.trueblue.com

TrueBlue Inc is a provider of staffing and workforce management solutions. The company's reportable segments include PeopleReady offers industrial staffing services. PeopleManagement offers contingent and productivity-based on-site industrial staffing services and PeopleScout offers recruitment process outsourcing, talent advisory services, and managed service provider services. It generates maximum revenue from the PeopleReady segment.

Executives

Kim Harris Jones	director	THREE LAKES DRIVE, NORTHFIELD IL 60093
Sonita Lontoh	director	C/O SUNRUN INC., 225 BUSH STREET, SUITE 1400, SAN FRANCISCO CA 94104
Robert C. Kreidler	director	1390 ENCLAVE PARKWAY, HOUSTON TX 77077
Richard P. Betori	officer: EVP; President - PeopleScout	1015 A STREET, TACOMA WA 98402
Taryn R Owen	officer: EVP,President - PeopleScout	1015 A ST, TACOMA WA 98402
Kristi A Savacool	director	100 HALF DAY ROAD, LINCOLNSHIRE IL 60069
Paul G Reitz	director	1301 FIRST AVENUE, COLUMBUS GA 31901
Carl Schweihs	officer: EVP, President - PeopleMgmt	1015 A STREET, TACOMA WA 98402
Kristy A. Fitzsimmons-willis	officer: EVP; President - PeopleReady	1015 A STREET, TACOMA WA 98402
Garrett Ferencz	officer: EVP, Chief Legal Officer	1015 A STREET, TACOMA WA 98402
William C. Goings	director	1015 A ST, TACOMA WA 98402
Derrek Lane Gafford	officer: EVP and CFO	1015 A STREET, P.O. BOX 2910, TACOMA WA 98402
Richard Christensen	officer: SVP, Chief Accounting Officer	1015 A STREET, TACOMA WA 98402
Steven C Cooper	director	PO BOX 2910, TACOMA WA 98401-2910
A. Patrick Beharelle	officer: CEO	1015 A STREET, TACOMA WA 98402