UPWK (Upwork) Days Payable : 12.05 (As of Sep. 2024)

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What is Upwork Days Payable?

Upwork's average Accounts Payable for the three months ended in Sep. 2024 was $5.7 Mil. Upwork's Cost of Goods Sold for the three months ended in Sep. 2024 was $43.4 Mil. Hence, Upwork's Days Payable for the three months ended in Sep. 2024 was 12.05.

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

UPWK' s Days Payable Range Over the Past 10 Years
Min: 2.16 Med: 9.06 Max: 15.42
Current: 9.96

During the past 8 years, Upwork's highest Days Payable was 15.42. The lowest was 2.16. And the median was 9.06.

UPWK's Days Payable is ranked worse than
90.72% of 431 companies
in the Interactive Media industry
Industry Median: 60.95 vs UPWK: 9.96

Upwork's Days Payable increased from Sep. 2023 (6.25) to Sep. 2024 (12.05). It may suggest that Upwork delayed paying its suppliers.

Upwork Days Payable Historical Data

The historical data trend for Upwork'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.

Upwork Days Payable Chart

Upwork Annual Data

Trend

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

Days Payable

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5.64

12.44

15.42

14.27

13.50

Upwork Quarterly Data
	Dec19	Mar20	Jun20	Sep20	Dec20	Mar21	Jun21	Sep21	Dec21	Mar22	Jun22	Sep22	Dec22	Mar23	Jun23	Sep23	Dec23	Mar24	Jun24	Sep24
Days Payable	Get a 7-Day Free Trial															6.25	6.77	11.33	12.26	12.05

Competitive Comparison of Upwork's Days Payable

For the Internet Content & Information subindustry, Upwork'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.

Upwork's Days Payable Distribution in the Interactive Media Industry

For the Interactive Media industry and Communication Services sector, Upwork's Days Payable distribution charts can be found below:

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

Upwork 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.

Upwork'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
=	( (7.549	+	5.063)	/	2 )	/	170.45	*	365
=	6.306					/	170.45	*	365
=	13.50

Upwork's Days Payable for the quarter that ended in Sep. 2024 is calculated as:

	Days Payable (Q: Sep. 2024 )
=	Average Accounts Payable					/	Cost of Goods Sold	*	Days in Period
=	( (Accounts Payable (Q: Jun. 2024 )	+	Accounts Payable (Q: Sep. 2024 ))	/	count )	/	Cost of Goods Sold (Q: Sep. 2024 )	*	Days in Period
=	( (5.863	+	5.601)	/	2 )	/	43.408	*	365 / 4
=	5.732					/	43.408	*	365 / 4
=	12.05

Upwork Days Payable Related Terms

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Upwork Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Communication Services » Interactive Media » Upwork Inc (NAS:UPWK) » Definitions » Days Payable

Comparable Companies

Traded in Other Exchanges

UPWK:Mexico UP2:Germany U2PW34:Brazil

Address

475 Brannan Street, Suite 430, San Francisco, CA, USA, 94107

Website

https://www.upwork.com

Upwork Inc is a United States-based company that operates an online marketplace that enables businesses to find and work with skilled independent professionals. The company develops platform for hiring and freelancing purposes. Its products offering include Upwork Basic, Upwork Plus, Upwork Business, Upwork Enterprise, and Upwork Payroll. The business generates revenue from Talent and Clients across the USA, India, the Philippines and the rest of the world. Substantial income is derived from providing services to clients.

Executives

Hayden Brown	director, officer: President & CEO	C/O UPWORK INC., 441 LOGUE AVENUE, MOUNTAIN VIEW CA 94043
Olivier Marie	officer: Chief Accounting Officer	C/O UPWORK, INC., 475 BRANNAN STREET SUITE 430, SAN FRANCISCO CA 94107
Erica Gessert	officer: Chief Financial Officer	C/O UPWORK INC., 475 BRANNAN STREET, SUITE 430, SAN FRANCISCO CA 94107
Elizabeth A Nelson	director	MACROMEDIA/ 600 TOWNSEND ST, SAN FRANCISCO CA 94103
Gary Steele	director	C/O PROOFPOINT, INC., 892 ROSS DRIVE, SUNNYVALE CA 94089
Jeff Mccombs	officer: Chief Financial Officer	C/O UPWORK INC., 2625 AUGUSTINE DRIVE, SUITE 601, SANTA CLARA CA 95054
Eric Gilpin	officer: Senior VP, Sales	C/O UPWORK INC., 2625 AUGUSTINE DRIVE, SUITE 601, SANTA CLARA CA 95054
Leela Srinivasan	director	C/O UPWORK, INC., 441 LOGUE AVENUE, MOUNTAIN VIEW CA 94043
Kevin Harvey	director	2480 SAND HILL ROAD, SUITE 200, MENLO PARK CA 94025
Thomas Layton	director, other: Chairman	C/O TICKETMASTER ONLINE CITYSEARCH INC, 790 E COLORADO BLVD STE 200, PASADENA CA 91101
Anilu Vazquez-ubarri	director	C/O UPWORK INC., 2625 AUGUSTINE DRIVE, SUITE 601, SANTA CLARA CA 95054
Gregory C. Gretsch	director	C/O RESPONSYS, INC., 900 CHERRY AVENUE, 5TH FLOOR, SAN BRUNO CA 94066
Brian K Kinion	officer: Chief Financial Officer	C/O MARKETO INC., 901 MARINERS ISLAND BLVD., SUITE 500, SAN MATEO CA 94404
Stephane Kasriel	director	C/O UPWORK INC., 441 LOGUE AVENUE, MOUNTAIN VIEW CA 94043
Han-shen Yuan	officer: SVP, Engineering	C/O UPWORK INC., 441 LOGUE AVENUE, MOUNTAIN VIEW CA 94043