Workiva (Workiva) Days Payable

: 12.19 (As of Dec. 2023)

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Workiva's average Accounts Payable for the three months ended in Dec. 2023 was $5.1 Mil. Workiva's Cost of Goods Sold for the three months ended in Dec. 2023 was $37.8 Mil. Hence, Workiva's Days Payable for the three months ended in Dec. 2023 was 12.19.

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

WK' s Days Payable Range Over the Past 10 Years
Min: 11.84 Med: 20.6 Max: 37.73
Current: 13.25

During the past 12 years, Workiva's highest Days Payable was 37.73. The lowest was 11.84. And the median was 20.60.

WK's Days Payable is ranked worse than
88.23% of 2523 companies
in the Software industry
Industry Median: 51.49 vs WK: 13.25

Workiva's Days Payable declined from Dec. 2022 (21.05) to Dec. 2023 (12.19). It may suggest that Workiva accelerated paying its suppliers.

Workiva Days Payable Historical Data

The historical data trend for Workiva'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.

Workiva Annual Data

Trend

Dec14

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

Days Payable

26.87

20.04

12.23

14.46

13.46

Workiva Quarterly Data
	Mar19	Jun19	Sep19	Dec19	Mar20	Jun20	Sep20	Dec20	Mar21	Jun21	Sep21	Dec21	Mar22	Jun22	Sep22	Dec22	Mar23	Jun23	Sep23	Dec23
Days Payable																21.05	14.89	13.52	12.16	12.19

Competitive Comparison

For the Software - Application subindustry, Workiva'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.

Workiva Days Payable Distribution

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

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

Workiva 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.

Workiva'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
=	( (6.174	+	5.204)	/	2 )	/	154.222	*	365
=	5.689					/	154.222	*	365
=	13.46

Workiva'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
=	( (4.909	+	5.204)	/	2 )	/	37.845	*	365 / 4
=	5.0565					/	37.845	*	365 / 4
=	12.19

Workiva Days Payable Related Terms

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Workiva (Workiva) Business Description

Industry

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

Comparable Companies

Traded in Other Exchanges

0WKA:Germany 0WKA:Germany

Address

2900 University Boulevard, Ames, IA, USA, 50010

Website

https://www.workiva.com

Workiva Inc is a cloud-native platform that simplifies the complexities of reporting and compliance. Workiva platform empowers customers by connecting and transforming data from hundreds of enterprise resource planning (ERP), human capital management (HCM), and customer relationship management (CRM) systems, as well as other third-party cloud and on-premise applications. Customers use the platform to create, review and publish data-linked documents and reports with greater control, consistency, accuracy, and productivity and it is also used for SEC Filings. The firm derives its revenue in the form of subscription and support fees and the remainder from professional services.

Executives

Jill Klindt	officer: VP & CAO	2900 UNIVERSITY BLVD, AMES IA 50010
Brandon Ziegler	officer: Senior Vice President, other: Gen Counsel & Corp. Secretary	C/O WORKIVA INC., 2900 UNIVERSITY BLVD., AMES IA 50010
Robert H Herz	director	C/O FANNIE MAE, 1100 15TH STREET, NW, WASHINGTON DC 20005
Michael D. Hawkins	officer: EVP, Sales	2900 UNIVERSITY BLVD., AMES IA 50010
Junko Swain	officer: SVP, Chief Accounting Officer	2900 UNIVERSITY BLVD., AMES IA 50010
Michael M Crow	director	20 W. 9TH STREET, KANSAS CITY MO 64105
Brigid A Bonner	director	C/O ANALYSTS INTERNATIONAL CORPORATION, 3601 WEST 76TH STREET, EDINA MN 55435
Mithun Banarjee	officer: EVP, Global Client Services	2900 UNIVERSITY BOULEVARD, AMES IA 50010
Jeff D Trom	10 percent owner, officer: Executive VP & CTO	2900 UNIVERSITY BLVD., AMES IA 50010
Martin J Vanderploeg	director, 10 percent owner, officer: President & COO	2900 UNIVERSITY BLVD., AMES IA 50010
Julie Iskow	officer: EVP & Chief Operating Officer	2900 UNIVERSITY BOULEVARD, AMES X1 50010
J Stuart Miller	officer: Executive VP, Treasurer & CFO	2900 UNIVERSITY BLVD., AMES IA 50010
Eugene S Katz	director	8 GOLDSBOROUGH ST., EASTON MD 21601
Troy M. Calkins	officer: Executive VP, Secretary & GC	55 WEST MONROE, SUITE 3150, CHICAGO IL 60603
Scott G. Ryan	officer: Executive VP, Global Sales	2900 UNIVERSITY BOULEVARD, AMES IA 50010