TaskUs (TaskUs) Days Payable : 20.26 (As of Dec. 2023)

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What is TaskUs Days Payable?

TaskUs's average Accounts Payable for the three months ended in Dec. 2023 was $30.5 Mil. TaskUs's Cost of Goods Sold for the three months ended in Dec. 2023 was $137.3 Mil. Hence, TaskUs's Days Payable for the three months ended in Dec. 2023 was 20.26.

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

TASK' s Days Payable Range Over the Past 10 Years
Min: 21.38 Med: 35.01 Max: 45.44
Current: 23.3

During the past 5 years, TaskUs's highest Days Payable was 45.44. The lowest was 21.38. And the median was 35.01.

TASK's Days Payable is ranked worse than
75.07% of 2519 companies
in the Software industry
Industry Median: 50.96 vs TASK: 23.30

TaskUs's Days Payable declined from Dec. 2022 (26.50) to Dec. 2023 (20.26). It may suggest that TaskUs accelerated paying its suppliers.

TaskUs Days Payable Historical Data

The historical data trend for TaskUs'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.

TaskUs Days Payable Chart

TaskUs Annual Data

Trend

Dec19

Dec20

Dec21

Dec22

Dec23

Days Payable

45.44

44.65

35.01

25.46

21.38

TaskUs Quarterly Data
	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												26.50	23.26	25.26	26.53	20.26

Competitive Comparison of TaskUs's Days Payable

For the Information Technology Services subindustry, TaskUs'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.

TaskUs's Days Payable Distribution in the Software Industry

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

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

TaskUs 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.

TaskUs'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
=	( (37.062	+	26.054)	/	2 )	/	538.745	*	365
=	31.558					/	538.745	*	365
=	21.38

TaskUs'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
=	( (34.898	+	26.054)	/	2 )	/	137.29	*	365 / 4
=	30.476					/	137.29	*	365 / 4
=	20.26

TaskUs Days Payable Related Terms

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TaskUs (TaskUs) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Technology » Software » TaskUs Inc (NAS:TASK) » Definitions » Days Payable

Comparable Companies

Traded in Other Exchanges

6VY:Germany

Address

1650 Independence Drive, Suite 100, New Braunfels, TX, USA, 78132

Website

https://www.taskus.com

TaskUs Inc is a provider of outsourced digital services and next-generation customer experience to innovative and disruptive technology companies. It serves clients in the fastest-growing sectors, including social media, e-commerce, gaming, streaming media, food delivery and ridesharing, HiTech, FinTech and HealthTech.

Executives

Jacqueline D Reses	director	C/O SQUARE, INC., 1455 MARKET STREET #600, SAN FRANCISCO CA 94103
Stephan Daoust	officer: Chief Operating Officer	C/O TASKUS, INC., 1650 INDEPENDENCE DRIVE, SUITE 100, NEW BRAUNFELS TX 78132
Kelly L Tuminelli	director	TRINET GROUP, INC., ONE PARK PLACE, STE 600, DUBLIN CA 94568
Jill A Greenthal	director	MARTHA STEWART LIVING OMNIMEDIA INC, 11 WEST 42ND STREET 25TH FLOOR, NEW YORK NY 10036
Rajnish Sinha	officer: Chief People Officer	C/O TASKUS, INC., 1650 INDEPENDENCE DRIVE, SUITE 100, NEW BRAUNFELS TX 78132
Michelle H Gonzalez	director	C/O TASKUS, INC., 1650 INDEPENDENCE DRIVE, SUITE 100, NEW BRAUNFELS TX 78132
Claudia F Walsh	officer: General Counsel	C/O TASKUS, INC., 1650 INDEPENDENCE DRIVE, SUITE 100, NEW BRAUNFELS TX 78132
Bcp Fc Aggregator L.p.	10 percent owner	C/O THE BLACKSTONE GROUP INC., 345 PARK AVENUE, NEW YORK NY 10154
Jaspar Weir	director, 10 percent owner, officer: President	C/O TASKUS, INC., 1650 INDEPENDENCE DRIVE, SUITE 100, NEW BRAUNFELS TX 78132
Blackstone Holdings Iii L.p.	10 percent owner	C/O BLACKSTONE INC., 345 PARK AVENUE, NEW YORK NY 10154
Bryce Maddock	director, 10 percent owner, officer: Chief Executive Officer	C/O TASKUS, INC., 1650 INDEPENDENCE DRIVE, SUITE 100, NEW BRAUNFELS TX 78132
Susir Kumar	director	C/O TASKUS, INC., 1650 INDEPENDENCE DRIVE, SUITE 100, NEW BRAUNFELS TX 78132
Amit Dixit	director	C/O TASKUS, INC., 1650 INDEPENDENCE DRIVE, SUITE 100, NEW BRAUNFELS TX 78132
Jarrod Johnson	officer: Chief Customer Officer	C/O TASKUS, INC., 1650 INDEPENDENCE DRIVE, SUITE 100, NEW BRAUNFELS TX 78132
Steven Amaya	officer: See Remarks	C/O TASKUS, INC., 1650 INDEPENDENCE DRIVE, SUITE 100, NEW BRAUNFELS TX 78132