Globant (Globant) Days Payable : 15.84 (As of Dec. 2023)

View and export this data going back to 2014. Start your Free Trial

What is Globant Days Payable?

Globant's average Accounts Payable for the three months ended in Dec. 2023 was $65 Mil. Globant's Cost of Goods Sold for the three months ended in Dec. 2023 was $372 Mil. Hence, Globant's Days Payable for the three months ended in Dec. 2023 was 15.84.

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

GLOB' s Days Payable Range Over the Past 10 Years
Min: 3.57 Med: 8.29 Max: 17.71
Current: 17.71

During the past 13 years, Globant's highest Days Payable was 17.71. The lowest was 3.57. And the median was 8.29.

GLOB's Days Payable is ranked worse than
82.84% of 2524 companies
in the Software industry
Industry Median: 50.6 vs GLOB: 17.71

Globant's Days Payable increased from Dec. 2022 (14.55) to Dec. 2023 (15.84). It may suggest that Globant delayed paying its suppliers.

Globant Days Payable Historical Data

The historical data trend for Globant'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.

Globant Days Payable Chart

Globant Annual Data

Trend

Dec14

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

Days Payable

Get a 7-Day Free Trial

7.55

9.86

8.90

9.52

11.47

Globant Quarterly Data
	Mar19	Jun19	Sep19	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															14.55	16.77	23.07	21.68	15.84

Competitive Comparison of Globant's Days Payable

For the Information Technology Services subindustry, Globant'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.

Globant's Days Payable Distribution in the Software Industry

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

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

Globant 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.

Globant'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
=	( (35.754	+	48.481)	/	2 )	/	1340.178	*	365
=	42.1175					/	1340.178	*	365
=	11.47

Globant'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
=	( (80.819	+	48.481)	/	2 )	/	372.384	*	365 / 4
=	64.65					/	372.384	*	365 / 4
=	15.84

Globant Days Payable Related Terms

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

Globant (Globant) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Technology » Software » Globant SA (NYSE:GLOB) » Definitions » Days Payable

Comparable Companies

Traded in Other Exchanges

2G2:Germany 2G2:Germany

Address

37A, Avenue J.F. Kennedy, Luxembourg, LUX, L-1855

Website

https://www.globant.com

Globant is a next-generation IT services company that primarily assists clients with their digital transformation efforts by creating customized software for them. The company was founded in 2003 in Argentina but is currently headquartered in Luxembourg and primarily serves clients in the U.S. and Latin America. Globant's client base is relatively concentrated in the media and entertainment and financial services industries.