SendGrid (SendGrid) Days Payable : 23.78 (As of Sep. 2018)

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What is SendGrid Days Payable?

SendGrid's average Accounts Payable for the three months ended in Sep. 2018 was $2.3 Mil. SendGrid's Cost of Goods Sold for the three months ended in Sep. 2018 was $9.0 Mil. Hence, SendGrid's Days Payable for the three months ended in Sep. 2018 was 23.78.

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

SEND's Days Payable is not ranked ^*
in the Software industry.
Industry Median: 50.7
* Ranked among companies with meaningful Days Payable only.

SendGrid's Days Payable increased from Sep. 2017 (21.70) to Sep. 2018 (23.78). It may suggest that SendGrid delayed paying its suppliers.

SendGrid Days Payable Historical Data

The historical data trend for SendGrid'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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SendGrid Days Payable Chart

SendGrid Annual Data

Trend

Dec14

Dec15

Dec16

Dec17

Days Payable

19.89

21.81

31.56

SendGrid Quarterly Data
	Dec14	Dec15	Sep16	Dec16	Mar17	Jun17	Sep17	Dec17	Mar18	Jun18	Sep18
Days Payable	Get a 7-Day Free Trial						21.70	30.18	35.77	25.98	23.78

Competitive Comparison of SendGrid's Days Payable

For the Software - Infrastructure subindustry, SendGrid'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.

SendGrid's Days Payable Distribution in the Software Industry

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

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

SendGrid 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.

SendGrid's Days Payable for the fiscal year that ended in Dec. 2017 is calculated as

	Days Payable (A: Dec. 2017 )
=	Average Accounts Payable					/	Cost of Goods Sold	*	Days in Period
=	( (Accounts Payable (A: Dec. 2016 )	+	Accounts Payable (A: Dec. 2017 ))	/	count )	/	Cost of Goods Sold (A: Dec. 2017 )	*	Days in Period
=	( (1.549	+	3.553)	/	2 )	/	29.507	*	365
=	2.551					/	29.507	*	365
=	31.56

SendGrid's Days Payable for the quarter that ended in Sep. 2018 is calculated as:

	Days Payable (Q: Sep. 2018 )
=	Average Accounts Payable					/	Cost of Goods Sold	*	Days in Period
=	( (Accounts Payable (Q: Jun. 2018 )	+	Accounts Payable (Q: Sep. 2018 ))	/	count )	/	Cost of Goods Sold (Q: Sep. 2018 )	*	Days in Period
=	( (1.913	+	2.767)	/	2 )	/	8.978	*	365 / 4
=	2.34					/	8.978	*	365 / 4
=	23.78

SendGrid Days Payable Related Terms

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SendGrid (SendGrid) Business Description

Industry

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

Comparable Companies

Traded in Other Exchanges

N/A

Address

Website

https://www.sendgrid.com

SendGrid Inc is a US-based digital communication platform which enables businesses to engage with their customers via email reliably, effectively and at scale. It develops the cloud-based platform which allows for frictionless adoption and immediate value creation for businesses. The company offers various services such as Email API; Marketing Campaigns; and Expert Services. The Email API service enables businesses to send off emails and incorporates proprietary technology and domain expertise to significantly improve deliverability rates. The Marketing Campaigns service allows marketers to upload and manage customer contact lists, create and test email templates, and executing multi-faceted email campaigns. Most of the company's revenue comes from the US.

Executives

Sri Viswanath	director	600 WEST CHICAGO AVENUE, SUITE 400, CHICAGO IL 60654
Sameer Dholakia	director, officer: President and CEO	C/O SENDGRID, INC., 1801 CALIFORNIA STREET, SUITE 500, DENVER CO 80202
Anne Raimondi	director	C/O ASANA, INC., 633 FOLSOM STREET, SUITE 100, SAN FRANCISCO CA 94107
Deer Viii & Co. Ltd.	10 percent owner	C/O BESSEMER VENTURE PARTNERS, 1865 PALMER AVENUE, LARCHMONT NY 10538
Deer Viii & Co. L.p.	10 percent owner	C/O BESSEMER VENTURE PARTNERS, 1865 PALMER AVENUE, LARCHMONT NY 10538
Bessemer Venture Partners Viii Institutional L.p.	10 percent owner	1865 PALMER AVENUE, LARCHMONT NY 01538
Bessemer Venture Partners Viii L.p.	10 percent owner	1865 PALMER AVENUE, LARCHMONT NY 01538
Ajay Agarwal	director	C/O BAIN CAPITAL VENTURE INVESTORS, LLC, 200 CLARENDON STREET, BOSTON MA 02116
Yancey L. Spruill	officer: CFO, COO and Treasurer	1601 DRY CREEK DRIVE, SUITE 260, LONGMONT CO 80503
Hilary Schneider	director	C/O LIFELOCK, INC., 60 EAST RIO SALADO PARKWAY, SUITE 400, TEMPE AZ 85281
Byron B Deeter	director	C/O BESSEMER VENTURE PARTNERS, 1865 PALMER AVENUE SUITE 104, LARCHMONT NY 10538
Bradley A Feld	10 percent owner	C/O FOUNDRY GROUP, 645 WALNUT ST., BOULDER CO 80302
Ryan A Mcintyre	10 percent owner
Jason A Mendelson	10 percent owner	C/O FOUNDRY GROUP, 1050 WALNUT STREET, SUITE 210, BOULDER CO 80302
Foundry Select Fund Gp, Llc	10 percent owner	1050 WALNUT STREET, SUITE 210, BOULDER CO 80302