GXO Logistics (GXO Logistics) Days Payable : 26.45 (As of Dec. 2023)

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What is GXO Logistics Days Payable?

GXO Logistics's average Accounts Payable for the three months ended in Dec. 2023 was $653 Mil. GXO Logistics's Cost of Goods Sold for the three months ended in Dec. 2023 was $2,253 Mil. Hence, GXO Logistics's Days Payable for the three months ended in Dec. 2023 was 26.45.

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

GXO' s Days Payable Range Over the Past 10 Years
Min: 27.2 Med: 27.84 Max: 31.49
Current: 28.18

During the past 6 years, GXO Logistics's highest Days Payable was 31.49. The lowest was 27.20. And the median was 27.84.

GXO's Days Payable is ranked worse than
67.67% of 931 companies
in the Transportation industry
Industry Median: 39.31 vs GXO: 28.18

GXO Logistics's Days Payable declined from Dec. 2022 (27.63) to Dec. 2023 (26.45). It may suggest that GXO Logistics accelerated paying its suppliers.

GXO Logistics Days Payable Historical Data

The historical data trend for GXO Logistics'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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GXO Logistics Days Payable Chart

GXO Logistics Annual Data

Trend

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

Days Payable

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27.84

27.51

27.20

31.49

31.00

GXO Logistics Quarterly Data
	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													27.63	31.40	27.23	25.11	26.45

Competitive Comparison of GXO Logistics's Days Payable

For the Integrated Freight & Logistics subindustry, GXO Logistics'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.

GXO Logistics's Days Payable Distribution in the Transportation Industry

For the Transportation industry and Industrials sector, GXO Logistics's Days Payable distribution charts can be found below:

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

GXO Logistics 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.

GXO Logistics'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
=	( (717	+	709)	/	2 )	/	8396	*	365
=	713					/	8396	*	365
=	31.00

GXO Logistics'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
=	( (597	+	709)	/	2 )	/	2253	*	365 / 4
=	653					/	2253	*	365 / 4
=	26.45

GXO Logistics Days Payable Related Terms

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GXO Logistics (GXO Logistics) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Industrials » Transportation » GXO Logistics Inc (NYSE:GXO) » Definitions » Days Payable

Comparable Companies

Traded in Other Exchanges

GXO:Mexico 93N:Germany

Address

Two American Lane, Greenwich, CT, USA, 06831

Website

https://www.gxo.com

GXO Logistics Inc is a contract logistics company. Its revenue is diversified across numerous verticals and customers, including many multinational corporations. It provides warehousing and distribution, order fulfillment, e-commerce, and reverse logistics, and other supply chain services differentiated by its ability to deliver technology-enabled, customized solutions at scale. Geographically, it derives a majority of revenue from the United Kingdom.

Executives

Gena L Ashe	director	C/O GXO LOGISTICS, INC., TWO AMERICAN LANE, GREENWICH CT 06831
Matthew J. Fassler	director	TWO AMERICAN LANE, GREENWICH CT 06831
Malcolm Wilson	director, officer: Chief Executive Officer	TWO AMERICAN LANE, GREENWICH CT 06831
S Jacobs Bradley	director	C/O XPO, INC., FIVE AMERICAN LANE, GREENWICH CT 06831
Jacobs Private Equity, Llc	director, 10 percent owner	350 ROUND HILL ROAD, GREENWICH CT 06831
Karlis Kirsis	officer: Chief Legal Officer	TWO AMERICAN LANE, GREENWICH CT 06831
Elizabeth Fogarty	officer: Chief Communications Officer	TWO AMERICAN LANE, GREENWICH CT 06831
Jason D Papastavrou	director	C/O GXO LOGISTICS, INC., TWO AMERICAN LANE, GREENWICH CT 06831
Oren Shaffer	director	C/O GXO LOGISTICS, INC., TWO AMERICAN LANE, GREENWICH CT 06831
Marlene M Colucci	director	C/O GXO LOGISTICS, INC., TWO AMERICAN LANE, GREENWICH CT 06831
Maryclaire Hammond	officer: Chief Human Resources Officer	TWO AMERICAN LANE, GREENWICH CT 06831
Joli L. Gross	director	TWO AMERICAN LANE, GREENWICH CT 06831
Paul Blanchett	officer: Chief Accounting Officer	TWO AMERICAN LANE, GREENWICH CT 06831
Clare Chatfield	director	TWO AMERICAN LANE, GREENWICH CT 06831
Xpo Logistics, Inc.	10 percent owner	FIVE AMERICAN LANE, GREENWICH CT 06831