GL Events (XPAR:GLO) Days Payable

: 1,106.30 (As of Dec. 2023)

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GL Events's average Accounts Payable for the six months ended in Dec. 2023 was €338 Mil. GL Events's Cost of Goods Sold for the six months ended in Dec. 2023 was €56 Mil. Hence, GL Events's Days Payable for the six months ended in Dec. 2023 was 1,106.30.

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

XPAR:GLO' s Days Payable Range Over the Past 10 Years
Min: 855.28 Med: 1161.5 Max: 2053.84
Current: 1248.96

During the past 13 years, GL Events's highest Days Payable was 2053.84. The lowest was 855.28. And the median was 1161.50.

XPAR:GLO's Days Payable is ranked better than
97.63% of 927 companies
in the Business Services industry
Industry Median: 47.71 vs XPAR:GLO: 1248.96

GL Events's Days Payable increased from Dec. 2022 (741.53) to Dec. 2023 (1,106.30). It may suggest that GL Events delayed paying its suppliers.

GL Events Days Payable Historical Data

The historical data trend for GL Events'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.

GL Events Annual Data

Trend

Dec14

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

Days Payable

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1,050.53

2,053.84

1,659.41

935.88

1,229.01

GL Events Semi-Annual Data
	Jun14	Dec14	Jun15	Dec15	Jun16	Dec16	Jun17	Dec17	Jun18	Dec18	Jun19	Dec19	Jun20	Dec20	Jun21	Dec21	Jun22	Dec22	Jun23	Dec23
Days Payable	Get a 7-Day Free Trial															1,341.35	1,836.50	741.53	1,480.78	1,106.30

Competitive Comparison

For the Specialty Business Services subindustry, GL Events'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.

GL Events Days Payable Distribution

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

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

GL Events 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.

GL Events'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
=	( (290.613	+	344.122)	/	2 )	/	94.254	*	365
=	317.3675					/	94.254	*	365
=	1,229.01

GL Events'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: Jun. 2023 )	+	Accounts Payable (Q: Dec. 2023 ))	/	count )	/	Cost of Goods Sold (Q: Dec. 2023 )	*	Days in Period
=	( (332.822	+	344.122)	/	2 )	/	55.836	*	365 / 2
=	338.472					/	55.836	*	365 / 2
=	1,106.30

GL Events Days Payable Related Terms

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GL Events (XPAR:GLO) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Industrials » Business Services » GL Events (XPAR:GLO) » Definitions » Days Payable

Comparable Companies

Traded in Other Exchanges

0X5:Germany

Address

59 Quai Rambaud, Lyon, FRA, 69002

Website

http://www.gl-events.com

GL Events is a France-based company engaged in providing integrated solutions and services for events operating across various market segments like conventions, conferences, congresses, cultural, sports and political events, trade shows, and consumer fairs. It has three business divisions namely GL events Live's expertise covers the complete range of business specialisations and services for corporate, institutional and sports events from consulting and design to producing the event. GL events Exhibitions manages and coordinates the group's portfolio of more than 300 proprietary trade fairs covering a wide range of sectors like food industry, culture, textiles, manufacturing. GL events Venues manages a network of 40 venues in France and international destinations.