Freelancer (ASX:FLN) Days Payable : 813.45 (As of Dec. 2023)

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What is Freelancer Days Payable?

Freelancer's average Accounts Payable for the six months ended in Dec. 2023 was A$21.16 Mil. Freelancer's Cost of Goods Sold for the six months ended in Dec. 2023 was A$4.75 Mil. Hence, Freelancer's Days Payable for the six months ended in Dec. 2023 was 813.45.

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

ASX:FLN' s Days Payable Range Over the Past 10 Years
Min: 108.98 Med: 118.2 Max: 602.87
Current: 602.87

During the past 11 years, Freelancer's highest Days Payable was 602.87. The lowest was 108.98. And the median was 118.20.

ASX:FLN's Days Payable is ranked better than
95.88% of 922 companies
in the Business Services industry
Industry Median: 47.71 vs ASX:FLN: 602.87

Freelancer's Days Payable declined from Dec. 2022 (996.94) to Dec. 2023 (813.45). It may suggest that Freelancer accelerated paying its suppliers.

Freelancer Days Payable Historical Data

The historical data trend for Freelancer'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.

Freelancer Days Payable Chart

Freelancer Annual Data

Trend

Dec14

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

Days Payable

Get a 7-Day Free Trial

108.98

117.99

114.94

118.40

110.07

Freelancer Semi-Annual Data
	Jun14	Dec14	Jun15	Dec15	Jun16	Dec16	Jun17	Dec17	Jun18	Dec18	Jun19	Dec19	Jun20	Dec20	Jun21	Dec21	Jun22	Dec22	Jun23	Dec23
Days Payable	Get a 7-Day Free Trial															810.05	1,049.13	996.94	888.42	813.45

Competitive Comparison of Freelancer's Days Payable

For the Staffing & Employment Services subindustry, Freelancer'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.

Freelancer's Days Payable Distribution in the Business Services Industry

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

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

Freelancer 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.

Freelancer'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
=	( (2.74	+	2.744)	/	2 )	/	9.093	*	365
=	2.742					/	9.093	*	365
=	110.07

Freelancer'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: Jun. 2023 )	+	Accounts Payable (Q: Dec. 2023 ))	/	count )	/	Cost of Goods Sold (Q: Dec. 2023 )	*	Days in Period
=	( (39.573	+	2.744)	/	2 )	/	4.747	*	365 / 2
=	21.1585					/	4.747	*	365 / 2
=	813.45

Freelancer Days Payable Related Terms

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Freelancer (ASX:FLN) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Industrials » Business Services » Freelancer Ltd (ASX:FLN) » Definitions » Days Payable

Comparable Companies

Traded in Other Exchanges

FLNCF:USA

Address

225 George Street, Level 37, Grosvenor Place, Sydney, NSW, AUS, 2000

Website

https://www.freelancer.com

Freelancer Ltd is engaged in freelancing, outsourcing services, and crowdsourcing marketplace. It offers software development, writing, data entry, and design services. The group is organized into two operating segments: Online marketplace and Online payment services. The company operates predominantly in Australia, where most of the online revenues are incurred.