Gi Group Poland (WAR:GIG) Days Payable : 5.63 (As of Mar. 2024)

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What is Gi Group Poland Days Payable?

Gi Group Poland's average Accounts Payable for the three months ended in Mar. 2024 was zł7.2 Mil. Gi Group Poland's Cost of Goods Sold for the three months ended in Mar. 2024 was zł116.8 Mil. Hence, Gi Group Poland's Days Payable for the three months ended in Mar. 2024 was 5.63.

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

WAR:GIG' s Days Payable Range Over the Past 10 Years
Min: 5.02 Med: 9.02 Max: 17.49
Current: 7.05

During the past 13 years, Gi Group Poland's highest Days Payable was 17.49. The lowest was 5.02. And the median was 9.02.

WAR:GIG's Days Payable is ranked worse than
92.65% of 925 companies
in the Business Services industry
Industry Median: 46.77 vs WAR:GIG: 7.05

Gi Group Poland's Days Payable declined from Mar. 2023 (6.11) to Mar. 2024 (5.63). It may suggest that Gi Group Poland accelerated paying its suppliers.

Gi Group Poland Days Payable Historical Data

The historical data trend for Gi Group Poland'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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Gi Group Poland Days Payable Chart

Gi Group Poland Annual Data

Trend

Dec14

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

Days Payable

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14.59

17.49

5.34

5.04

5.53

Gi Group Poland Quarterly Data
	Dec17	Sep18	Dec18	Sep19	Dec19	Mar20	Dec20	Mar21	Jun21	Sep21	Dec21	Mar22	Jun22	Sep22	Dec22	Mar23	Jun23	Sep23	Dec23	Mar24
Days Payable	Get a 7-Day Free Trial															6.11	7.67	8.38	7.37	5.63

Competitive Comparison of Gi Group Poland's Days Payable

For the Staffing & Employment Services subindustry, Gi Group Poland'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.

Gi Group Poland's Days Payable Distribution in the Business Services Industry

For the Business Services industry and Industrials sector, Gi Group Poland's Days Payable distribution charts can be found below:

* The bar in red indicates where Gi Group Poland's Days Payable falls into.

Gi Group Poland 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.

Gi Group Poland'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
=	( (5.95	+	7.522)	/	2 )	/	444.785	*	365
=	6.736					/	444.785	*	365
=	5.53

Gi Group Poland's Days Payable for the quarter that ended in Mar. 2024 is calculated as:

	Days Payable (Q: Mar. 2024 )
=	Average Accounts Payable					/	Cost of Goods Sold	*	Days in Period
=	( (Accounts Payable (Q: Dec. 2023 )	+	Accounts Payable (Q: Mar. 2024 ))	/	count )	/	Cost of Goods Sold (Q: Mar. 2024 )	*	Days in Period
=	( (7.522	+	6.89)	/	2 )	/	116.752	*	365 / 4
=	7.206					/	116.752	*	365 / 4
=	5.63

Gi Group Poland Days Payable Related Terms

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Gi Group Poland (WAR:GIG) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Industrials » Business Services » Gi Group Poland SA (WAR:GIG) » Definitions » Days Payable

Comparable Companies

Traded in Other Exchanges

N/A

Address

Sky Tower, ul. Gwiazdzista 66, Wroclaw, POL, 53-413

Website

https://www.workservice.pl

Gi Group Poland SA formerly Work Service SA is a Poland-based employment agency. It specializes in employment services and modern human resource solutions, providing services in the area of recruitment, the provision of skilled workers to clients, consulting and human resource management. The company has four main product lines, Temporary work, Outsourcing, Personnel Consulting and Strategic HR Consulting. The company generates a majority of its revenue from temporary work segment covering services relating to the recruitment of temporary workers directed to work for the contractor, supervising their work, reporting results, as well as the calculation of the components of remuneration and personnel record keeping and payment of wages.