PetMed Express (PetMed Express) Days Payable

: 61.78 (As of Dec. 2023)

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PetMed Express's average Accounts Payable for the three months ended in Dec. 2023 was $32.1 Mil. PetMed Express's Cost of Goods Sold for the three months ended in Dec. 2023 was $47.4 Mil. Hence, PetMed Express's Days Payable for the three months ended in Dec. 2023 was 61.78.

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

PETS' s Days Payable Range Over the Past 10 Years
Min: 11.7 Med: 31.12 Max: 62.64
Current: 56.38

During the past 13 years, PetMed Express's highest Days Payable was 62.64. The lowest was 11.70. And the median was 31.12.

PETS's Days Payable is ranked worse than
56.24% of 585 companies
in the Healthcare Providers & Services industry
Industry Median: 60.68 vs PETS: 56.38

PetMed Express's Days Payable increased from Dec. 2022 (50.50) to Dec. 2023 (61.78). It may suggest that PetMed Express delayed paying its suppliers.

PetMed Express Days Payable Historical Data

The historical data trend for PetMed Express'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.

PetMed Express Annual Data

Trend

Mar14

Mar15

Mar16

Mar17

Mar18

Mar19

Mar20

Mar21

Mar22

Mar23

Days Payable

30.61

32.32

49.28

62.64

51.76

PetMed Express Quarterly Data
	Mar19	Jun19	Sep19	Dec19	Mar20	Jun20	Sep20	Dec20	Mar21	Jun21	Sep21	Dec21	Mar22	Jun22	Sep22	Dec22	Mar23	Jun23	Sep23	Dec23
Days Payable																50.50	50.18	53.43	58.59	61.78

Competitive Comparison

For the Pharmaceutical Retailers subindustry, PetMed Express'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.

PetMed Express Days Payable Distribution

For the Healthcare Providers & Services industry and Healthcare sector, PetMed Express's Days Payable distribution charts can be found below:

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

PetMed Express 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.

PetMed Express's Days Payable for the fiscal year that ended in Mar. 2023 is calculated as

	Days Payable (A: Mar. 2023 )
=	Average Accounts Payable					/	Cost of Goods Sold	*	Days in Period
=	( (Accounts Payable (A: Mar. 2022 )	+	Accounts Payable (A: Mar. 2023 ))	/	count )	/	Cost of Goods Sold (A: Mar. 2023 )	*	Days in Period
=	( (27.5	+	25.208)	/	2 )	/	185.844	*	365
=	26.354					/	185.844	*	365
=	51.76

PetMed Express'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
=	( (25.379	+	38.851)	/	2 )	/	47.434	*	365 / 4
=	32.115					/	47.434	*	365 / 4
=	61.78

PetMed Express Days Payable Related Terms

Thank you for viewing the detailed overview of PetMed Express's Days Payable provided by GuruFocus.com. Please click on the following links to see related term pages.

PetMed Express (PetMed Express) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Healthcare » Healthcare Providers & Services » PetMed Express Inc (NAS:PETS) » Definitions » Days Payable

Comparable Companies

Traded in Other Exchanges

PQM:Germany PQM:Germany

Address

420 South Congress Avenue, Suite 100, Delray Beach, FL, USA, 33445

Website

https://www.petmeds.com

PetMed Express Inc along with its subsidiaries is a nationwide pet pharmacy. The company markets prescription and non-prescription pet medications, health products, and supplies for dogs and cats, direct to the consumer. The company generates its revenue by selling pet medications and pet supplies primarily to retail consumers.

Executives

Gian Fulgoni	director
Christine Chambers	officer: CFO	1501 1ST AVENUE SOUTH, STE. 600, SEATTLE WA 98134
Mathew N Hulett	director, officer: CEO & President	1621 NORTH KENT STREET, SUITE 1200, ARLINGTON VA 22209
Campbell Leslie C.g.	director	C/O COUPA SOFTWARE INC., 1855 S. GRANT STREET, SAN MATEO CA 94402
Diana G Purcel	director	C/O FAMOUS DVES OF AMERICA INC, 8091 WALLACE ROAD, EDEN PRAIRIE MN 55344
Moseley Mark Bradley Jr	other: Chief Technology Info Officer	420 SOUTH CONGRESS AVE., DELRAY BEACH FL 33445
Daniel Job Pingree	other: Chief Marketing Officer	420 SOUTH CONGRESS AVE., DELRAY BEACH FL 33445
Sandra Yvette Campos	director	4900 E DUBLIN GRANVILLE RD, COLUMBUS OH 43081
Jacqueline Paula Smith	other: Vice President of People	420 SOUTH CONGRESS AVE., DELRAY BEACH FL 33445
Carolyn Carden	other: VP of Product	420 SOUTH CONGRESS AVE., DELRAY BEACH FL 33445
Peter Cobb	director	DSW, INC., 810 DSW DRIVE, COLUMBUS OH 43219
Jodi Watson	director	420 SOUTH CONGRESS AVE., DELRAY BEACH FL 33445
Frank J Formica	director	1441 S.W. 29TH AVENUE, POMPANO BEACH FL 33069
Bruce S Rosenbloom	officer: Chief Financial Officer	6401 CONGRESS AVENUE, SUITE 250, BOCA RATON FL 33487
Menderes Akdag	director, officer: Chief Executive Officer	1441 S.W. 29TH AVENUE, POMPANO BEACH FL 33069