GigaCloud Technology (GCT) Change in Account Payables (2023 - 2024)
GigaCloud Technology (GCT) posted quarterly Change in Account Payables of -$13.0 million for Q3 2024, down 340.08% year-over-year from $5.4 million in Q4 2023, and down 87.24% on a QoQ basis from -$7.0 million in Q2 2024.
GigaCloud Technology (GCT) Change in Account Payables (2023 - 2024) Analysis & Trends
GigaCloud Technology (GCT) has reported Change in Account Payables for 2 consecutive years, with -$13.0 million the latest figure, recorded in Q3 2024.
- In Q3 2024, Change in Account Payables fell 340.08% year-over-year to -$13.0 million; the TTM figure through Sep 2024 stood at $14.6 million (changed N/A YoY), while the FY2023 annual figure was $26.0 million, up 293.17% from the prior year.
- Change in Account Payables came in at -$13.0 million for Q3 2024 at GigaCloud Technology, down from -$7.0 million in the prior quarter.
- The five-year high for Change in Account Payables was $17.7 million in Q4 2023, with the low at -$13.0 million in Q3 2024.
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Peer Comparison
| # | Company | Market Cap | Enterprise Value | Gross Profit (Qtr) | Change Payables (Qtr) |
|---|---|---|---|---|---|
| 1 | Microsoft | 2,853.66 Bn | 2,775.39 Bn | 56.06 Bn | 2.32 Bn |
| 2 | Oracle | 408.21 Bn | 376.86 Bn | 17.12 Bn | - |
| 3 | Palantir Technologies | 300.98 Bn | 293.06 Bn | 1.42 Bn | - |
| 4 | Palo Alto Networks | 247.84 Bn | 243.30 Bn | 1.91 Bn | 42.00 Mn |
| 5 | CrowdStrike Holdings | 193.63 Bn | 190.57 Bn | 993.68 Mn | -1.64 Mn |
| 6 | Fortinet | 117.45 Bn | 114.16 Bn | 1.49 Bn | -26.00 Mn |
| 7 | Cloudflare | 86.88 Bn | 85.93 Bn | 455.60 Mn | -17.30 Mn |
| 8 | Synopsys | 86.18 Bn | 86.06 Bn | 1.77 Bn | - |
| 9 | Block | 46.10 Bn | 39.21 Bn | 2.91 Bn | -122.40 Mn |
| 10 | GigaCloud Technology | 1.21 Bn | 851.76 Mn | 85.85 Mn | - |
Historic Data
Download Data| Date | Value |
|---|---|
| Sep 30, 2024 | -13.04 Mn |
| Sep 30, 2024 | -13.04 Mn |
| Jun 30, 2024 | -6.97 Mn |
| Jun 30, 2024 | -6.97 Mn |
| Mar 31, 2024 | 16.88 Mn |
| Mar 31, 2024 | 16.88 Mn |
| Dec 31, 2023 | 17.68 Mn |
| Dec 31, 2023 | 17.68 Mn |
| Sep 30, 2023 | 5.43 Mn |
| Sep 30, 2023 | 5.43 Mn |
| Jun 30, 2023 | 1.18 Mn |
| Jun 30, 2023 | 1.18 Mn |
| Mar 31, 2023 | 1.74 Mn |
| Mar 31, 2023 | 1.74 Mn |