Dropbox (WBO:DBX) Days Payable : 31.67 (As of Dec. 2023)

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What is Dropbox Days Payable?

Dropbox's average Accounts Payable for the three months ended in Dec. 2023 was €39 Mil. Dropbox's Cost of Goods Sold for the three months ended in Dec. 2023 was €112 Mil. Hence, Dropbox's Days Payable for the three months ended in Dec. 2023 was 31.67.

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

WBO:DBX' s Days Payable Range Over the Past 10 Years
Min: 14.48 Med: 26.29 Max: 32.86
Current: 31.31

During the past 9 years, Dropbox's highest Days Payable was 32.86. The lowest was 14.48. And the median was 26.29.

WBO:DBX's Days Payable is ranked worse than
66.02% of 2519 companies
in the Software industry
Industry Median: 50.96 vs WBO:DBX: 31.31

Dropbox's Days Payable increased from Dec. 2022 (29.71) to Dec. 2023 (31.67). It may suggest that Dropbox delayed paying its suppliers.

Dropbox Days Payable Historical Data

The historical data trend for Dropbox'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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Dropbox Days Payable Chart

Dropbox Annual Data

Trend

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

Days Payable

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32.51

27.85

17.69

25.76

29.84

Dropbox 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															29.71	30.32	31.67	33.89	31.67

Competitive Comparison of Dropbox's Days Payable

For the Software - Infrastructure subindustry, Dropbox'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.

Dropbox's Days Payable Distribution in the Software Industry

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

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

Dropbox 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.

Dropbox'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
=	( (36.438	+	35.304)	/	2 )	/	438.784	*	365
=	35.871					/	438.784	*	365
=	29.84

Dropbox'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
=	( (42.352	+	35.304)	/	2 )	/	111.874	*	365 / 4
=	38.828					/	111.874	*	365 / 4
=	31.67

Dropbox Days Payable Related Terms

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Dropbox (WBO:DBX) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Technology » Software » Dropbox Inc (WBO:DBX) » Definitions » Days Payable

Comparable Companies

Traded in Other Exchanges

DBX:USA DBX:Mexico

Address

1800 Owens Street, San Francisco, CA, USA, 94158

Website

https://www.dropbox.com

Dropbox is a leading provider of cloud-storage and content collaboration tools with an emphasis on individuals and SMB. The company was founded in 2007 and was a pioneer in cloud storage and cross-platform file syncing. Utilizing inorganic and organic means, the firm has been working on diversifying its product mix and pivoting away from the cloud-storage space.