Globant SA

NYSE GLOB

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Globant SA Accounts Payable Turnover Ratio 3 year CAGR for the year ending December 31, 2023: 23.26%

Globant SA Accounts Payable Turnover Ratio 3 year CAGR is 23.26% for the year ending December 31, 2023, a 1,778.79% change year over year. The accounts payable turnover ratio measures the number of times a company pays off its accounts payable during a specific period. It is calculated by dividing the company's revenue by its accounts payable. This ratio indicates how efficiently a company manages its outstanding payments to suppliers and vendors. A higher turnover ratio suggests that the company is paying off its obligations quickly, while a lower ratio may indicate a slower payment process or potential liquidity issues. CAGR, or the Compound Annual Growth Rate, quantifies the mean annual growth rate of an investment or financial metric over a specified time span, considering the influence of compounding. It is instrumental in determining the true annualized return on an investment.

Globant SA Accounts Payable Turnover Ratio for the year ending December 31, 2022 was 21.73, a 5.88% change year over year.
Globant SA Accounts Payable Turnover Ratio for the year ending December 31, 2021 was 20.52, a -11.11% change year over year.
Globant SA Accounts Payable Turnover Ratio for the year ending December 31, 2020 was 23.09, a 10.25% change year over year.
Globant SA Accounts Payable Turnover Ratio for the year ending December 31, 2019 was 20.94, a -29.53% change year over year.

NYSE: GLOB

Globant SA

CEO	Mr. Martin Migoya
IPO Date	July 18, 2014
Location	Luxembourg
Headquarters	37A Avenue J.F. Kennedy, Luxembourg City, Luxembourg, 1855
Employees	28,900
Sector	Technology
Industry	Information technology services

Description

Globant S.A., together with its subsidiaries, provides technology services worldwide. It provides digital solutions comprising blockchain, cloud technologies, cybersecurity, data and artificial intelligence, digital experience and performance, code, Internet of Things, metaverse, and engineering and testing; and enterprise technology solutions and services, such as Agile organization, Cultural Hacking, process optimization services, as well as AWS, Google Cloud, Microsoft, Oracle, SalesForce, SAP, and ServiceNow technology solutions. Further, the company provides e-commerce, conversational interfaces, design, digital marketing, and digital product delivery services. Additionally, it operates Augoor, an AI-powered platform; MagnifAI, an AI-powered solution for software quality assurance; StarMeUp, a science-based AI platform; WaaSabi, a finance platform; Walmeric, a lead-to-revenue management platform; GeneXus, a suit of AI development tools; Navigate for process optimization powerhouse; BeHealthy, a white-label platform; and FluentLab, an AI conversational and engagement solution. The company offers its services to various industries, including media and entertainment, professional services, technology and telecommunications, travel and hospitality, banks, financial services and insurance, consumer, retail and manufacturing, health care, and others. The company was formerly known as IT Outsourcing S.L. and changed its name to Globant S.A. in December 2012. Globant S.A. was founded in 2003 and is based in Luxembourg, Luxembourg.

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