GitLab (MEX:GTLB) Days Payable : 19.31 (As of Jan. 2025)

View and export this data going back to 2024. Start your Free Trial

What is GitLab Days Payable?

GitLab's average Accounts Payable for the three months ended in Jan. 2025 was MXN100 Mil. GitLab's Cost of Goods Sold for the three months ended in Jan. 2025 was MXN472 Mil. Hence, GitLab's Days Payable for the three months ended in Jan. 2025 was 19.31.

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

MEX:GTLB' s Days Payable Range Over the Past 10 Years
Min: 15.37 Med: 41.6 Max: 65.13
Current: 15.37

During the past 6 years, GitLab's highest Days Payable was 65.13. The lowest was 15.37. And the median was 41.60.

MEX:GTLB's Days Payable is ranked worse than
85.47% of 2554 companies
in the Software industry
Industry Median: 51.74 vs MEX:GTLB: 15.37

GitLab's Days Payable declined from Jan. 2024 (20.02) to Jan. 2025 (19.31). It may suggest that GitLab accelerated paying its suppliers.

GitLab Days Payable Historical Data

The historical data trend for GitLab'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.

GitLab Days Payable Chart

GitLab Annual Data

Trend

Jan20

Jan21

Jan22

Jan23

Jan24

Jan25

Days Payable

Get a 7-Day Free Trial

46.17

48.92

37.63

22.65

19.22

GitLab Quarterly Data
	Apr20	Jul20	Oct20	Jan21	Apr21	Jul21	Oct21	Jan22	Apr22	Jul22	Oct22	Jan23	Apr23	Jul23	Oct23	Jan24	Apr24	Jul24	Oct24	Jan25
Days Payable	Get a 7-Day Free Trial															20.02	12.10	13.20	10.75	19.31

Competitive Comparison of GitLab's Days Payable

For the Software - Infrastructure subindustry, GitLab'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.

GitLab's Days Payable Distribution in the Software Industry

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

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

Save Embed

;

Save Embed

;

GitLab 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.

GitLab's Days Payable for the fiscal year that ended in Jan. 2025 is calculated as

	Days Payable (A: Jan. 2025 )
=	Average Accounts Payable					/	Cost of Goods Sold	*	Days in Period
=	( (Accounts Payable (A: Jan. 2024 )	+	Accounts Payable (A: Jan. 2025 ))	/	count )	/	Cost of Goods Sold (A: Jan. 2025 )	*	Days in Period
=	( (29.852	+	155.109)	/	2 )	/	1756.353	*	365
=	92.4805					/	1756.353	*	365
=	19.22

GitLab's Days Payable for the quarter that ended in Jan. 2025 is calculated as:

	Days Payable (Q: Jan. 2025 )
=	Average Accounts Payable					/	Cost of Goods Sold	*	Days in Period
=	( (Accounts Payable (Q: Oct. 2024 )	+	Accounts Payable (Q: Jan. 2025 ))	/	count )	/	Cost of Goods Sold (Q: Jan. 2025 )	*	Days in Period
=	( (44.55	+	155.109)	/	2 )	/	471.765	*	365 / 4
=	99.8295					/	471.765	*	365 / 4
=	19.31

GitLab Days Payable Related Terms

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

GitLab Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Technology » Software » GitLab Inc (MEX:GTLB) » Definitions » Days Payable

Comparable Companies

Traded in Other Exchanges

GTLB:USA 8K2:Germany

Address

268 Bush Street, Suite 350, San Francisco, CA, USA, 94104-3503

Website

https://www.about.gitlab.com

GitLab Inc operates on an all-remote model. GitLab, a complete DevSecOps platform delivered as a single application. It operates in two competitive landscapes: DevOps point solutions and DevOps platforms. In terms of point solutions that are stitched together, GitLab's offering is substantially different in that it is one platform, one codebase, one interface, and a unified data model that spans the entire DevSecOps lifecycle. DevOps platforms, the principal competitor is Microsoft Corporation following their acquisition of GitHub. GitLab is offered on both self-managed and software-as-a-service (SaaS) models. It is located in the United States, Europe, and Asia Pacific. It focused on accelerating innovation and broadening the distribution of its platform to companies across the world.