Advantage Solutions (Advantage Solutions) Days Payable : 21.40 (As of Dec. 2023)

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What is Advantage Solutions Days Payable?

Advantage Solutions's average Accounts Payable for the three months ended in Dec. 2023 was $216 Mil. Advantage Solutions's Cost of Goods Sold for the three months ended in Dec. 2023 was $920 Mil. Hence, Advantage Solutions's Days Payable for the three months ended in Dec. 2023 was 21.40.

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

ADV' s Days Payable Range Over the Past 10 Years
Min: 11.11 Med: 21.38 Max: 29.11
Current: 22.3

During the past 8 years, Advantage Solutions's highest Days Payable was 29.11. The lowest was 11.11. And the median was 21.38.

ADV's Days Payable is ranked worse than
85.01% of 927 companies
in the Media - Diversified industry
Industry Median: 81.28 vs ADV: 22.30

Advantage Solutions's Days Payable declined from Dec. 2022 (25.23) to Dec. 2023 (21.40). It may suggest that Advantage Solutions accelerated paying its suppliers.

Advantage Solutions Days Payable Historical Data

The historical data trend for Advantage Solutions'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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Advantage Solutions Days Payable Chart

Advantage Solutions Annual Data

Trend

Dec15

Dec16

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

Days Payable

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20.70

26.81

29.11

28.15

22.06

Advantage Solutions Quarterly Data
	Dec16	Mar17	Dec18	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															25.23	24.06	21.45	22.58	21.40

Competitive Comparison of Advantage Solutions's Days Payable

For the Advertising Agencies subindustry, Advantage Solutions'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.

Advantage Solutions's Days Payable Distribution in the Media - Diversified Industry

For the Media - Diversified industry and Communication Services sector, Advantage Solutions's Days Payable distribution charts can be found below:

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

Advantage Solutions 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.

Advantage Solutions'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
=	( (261.464	+	181.076)	/	2 )	/	3660.464	*	365
=	221.27					/	3660.464	*	365
=	22.06

Advantage Solutions'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
=	( (250.476	+	181.076)	/	2 )	/	920.117	*	365 / 4
=	215.776					/	920.117	*	365 / 4
=	21.40

Advantage Solutions Days Payable Related Terms

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Advantage Solutions (Advantage Solutions) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Communication Services » Media - Diversified » Advantage Solutions Inc (NAS:ADV) » Definitions » Days Payable

Comparable Companies

Traded in Other Exchanges

6CPA:Germany

Address

15310 Barranca Parkway, Suite 100, Irvine, CA, USA, 92618

Website

https://www.advantagesolutions.net

Advantage Solutions Inc is the provider of outsourced sales and marketing solutions to consumer goods companies and retailers. It has a technology-enabled platform of sales and marketing services like headquarter sales, retail merchandising, in-store sampling, digital commerce, and shopper marketing. For brands and retailers of all sizes, the firm helps to get the right products on the shelf and into the hands of consumers. The company helps its clients to sell more while spending less. Advantage has offices throughout North America and strategic investments in select markets throughout Africa, Asia, Australia, and Europe through which it services the global needs of multinational, regional, and local manufacturers. Its services are provided across two segments sales and marketing.

Executives

James M Kilts	director	120 PARK AVE, NEW YORK NY 10017
Brian K. Ratzan	director	3 GREENWICH OFFICE PARK, 2ND FLOOR, GREENWICH CT 06831
Christopher Growe	officer: Chief Financial Officer	C/O ADVANTAGE SOLUTIONS INC., 15310 BARRANCA PARKWAY, SUITE 100, IRVINE CA 92618
David A Peacock	director, officer: Chief Executive Officer	190 CARONDELET PLAZA, CLAYTON MO 63105
Adam Levyn	director	11111 SANTA MONICA BOULEVARD, SUITE 2000, LOS ANGELES CA 90025
Jody L Macedonio	director	2711 N HASKELL AVENUE, STE 3400, DALLAS TX 75204
Christopher J Baldwin	director	THE HERSHEY COMPANY, 100 CRYSTAL A DRIVE, HERSHEY PA 17033
Deborah Poole	director	ADVANTAGE SOLUTIONS INC., 1530 BARRANCA PARKWAY, SUITE 100, IRVINE CA 92618
Adam Nebesar	director	200 CLARENDON STREET, BOSTON MA 02116
Tanya L Domier	director, officer: Chief Executive Officer	C/O NORDSTROM, INC., 1617 SIXTH AVENUE, SEATTLE WA 98101
Jill L Griffin	officer: President & CCO	C/O ADVANTAGE SOLUTIONS INC., 18100 VON KARMAN AVENUE, SUITE 1000, IRVINE CA 92612
Dean Kaye	officer: CFO - North America	ADVANTAGE SOLUTIONS INC., 18100 VON KARMAN AVENUE, SUITE 1000, IRVINE CA 92612
Brian Stevens	officer: CFO & COO	C/O ADVANTAGE SOLUTIONS INC., 18100 VON KARMAN AVENUE, SUITE 1000, IRVINE CA 92612
David J West	director	100 CRYSTAL A DRIVE, HERSHEY PA 17033
Robin Manherz	director	ADVANTAGE SOLUTIONS INC., 1530 BARRANCA PARKWAY, SUITE 100, IRVINE CA 92618