The GO2 People (ASX:GO2) Days Payable : 18.64 (As of Dec. 2022)

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What is The GO2 People Days Payable?

The GO2 People's average Accounts Payable for the six months ended in Dec. 2022 was A$3.73 Mil. The GO2 People's Cost of Goods Sold for the six months ended in Dec. 2022 was A$36.51 Mil. Hence, The GO2 People's Days Payable for the six months ended in Dec. 2022 was 18.64.

The historical rank and industry rank for The GO2 People's Days Payable or its related term are showing as below:

ASX:GO2's Days Payable is not ranked ^*
in the Business Services industry.
Industry Median: 47.75
* Ranked among companies with meaningful Days Payable only.

The GO2 People's Days Payable declined from Dec. 2021 (35.44) to Dec. 2022 (18.64). It may suggest that The GO2 People accelerated paying its suppliers.

The GO2 People Days Payable Historical Data

The historical data trend for The GO2 People'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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The GO2 People Days Payable Chart

The GO2 People Annual Data

Trend

Jun18

Jun19

Jun20

Jun21

Jun22

Days Payable

17.49

11.36

8.83

9.03

3.66

The GO2 People Semi-Annual Data
	Dec17	Jun18	Dec18	Jun19	Dec19	Jun20	Dec20	Jun21	Dec21	Jun22	Dec22
Days Payable	Get a 7-Day Free Trial						32.08	25.40	35.44	30.13	18.64

Competitive Comparison of The GO2 People's Days Payable

For the Staffing & Employment Services subindustry, The GO2 People'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.

The GO2 People's Days Payable Distribution in the Business Services Industry

For the Business Services industry and Industrials sector, The GO2 People's Days Payable distribution charts can be found below:

* The bar in red indicates where The GO2 People's Days Payable falls into.

The GO2 People 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.

The GO2 People's Days Payable for the fiscal year that ended in Jun. 2022 is calculated as

	Days Payable (A: Jun. 2022 )
=	Average Accounts Payable					/	Cost of Goods Sold	*	Days in Period
=	( (Accounts Payable (A: Jun. 2021 )	+	Accounts Payable (A: Jun. 2022 ))	/	count )	/	Cost of Goods Sold (A: Jun. 2022 )	*	Days in Period
=	( (0.695	+	0.369)	/	2 )	/	53.089	*	365
=	0.532					/	53.089	*	365
=	3.66

The GO2 People's Days Payable for the quarter that ended in Dec. 2022 is calculated as:

	Days Payable (Q: Dec. 2022 )
=	Average Accounts Payable					/	Cost of Goods Sold	*	Days in Period
=	( (Accounts Payable (Q: Jun. 2022 )	+	Accounts Payable (Q: Dec. 2022 ))	/	count )	/	Cost of Goods Sold (Q: Dec. 2022 )	*	Days in Period
=	( (0.369	+	7.087)	/	2 )	/	36.508	*	365 / 2
=	3.728					/	36.508	*	365 / 2
=	18.64

The GO2 People Days Payable Related Terms

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The GO2 People (ASX:GO2) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Industrials » Business Services » The GO2 People Ltd (ASX:GO2) » Definitions » Days Payable

Comparable Companies

Traded in Other Exchanges

N/A

Address

3/271 Berkshire Road, Forrestfield, Perth, WA, AUS, 6058

Website

https://www.thego2people.com.au

The GO2 People Ltd is one of the providers of vertically integrated recruitment and building services to industries throughout Australia. The company derives a majority of its revenue from Recruitment income.

The GO2 People (ASX:GO2) Headlines

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