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GuruFocus has detected 6 Warning Signs with Pier 1 Imports Inc $PIR.
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Pier 1 Imports Inc (NYSE:PIR)
Days Payable
31.51 (As of Nov. 2016)

Pier 1 Imports Inc's payable for the three months ended in Nov. 2016 was $97 Mil. Pier 1 Imports Inc's cost of goods sold for the three months ended in Nov. 2016 was $280 Mil. Hence, Pier 1 Imports Inc's days payable for the three months ended in Nov. 2016 was 31.51.

PIR' s Days Payable Range Over the Past 10 Years
Min: 22.28   Max: 36.11
Current: 30.5

22.28
36.11

During the past 13 years, Pier 1 Imports Inc's highest Days Payable was 36.11. The lowest was 22.28. And the median was 29.01.

PIR's Days Payable is ranked lower than
78% of the 660 Companies
in the Global Specialty Retail industry.

( Industry Median: 52.41 vs. PIR: 30.50 )

Pier 1 Imports Inc's days payable increased from Nov. 2015 (31.28) to Nov. 2016 (31.51). It may suggest that Pier 1 Imports Inc delayed paying its suppliers.


Definition

Days Payable indicates the number of days that the account payable relative to revenue the company has. An increase of Days Payable may suggest that the company delays paying its suppliers.

Pier 1 Imports Inc's Days Payable for the fiscal year that ended in Feb. 2016 is calculated as

Days Payable=Payable/Cost of Goods Sold*Days in Period
=72.57/1187.25*365
=22.31

Pier 1 Imports Inc's Days Payable for the quarter that ended in Nov. 2016 is calculated as:

Days Payable=Payable/Cost of Goods Sold*Days in Period
=96.511/279.508*365 / 4
=31.51

* All numbers are in millions except for per share data and ratio. All numbers are in their local exchange's currency.


Related Terms

Revenue


Historical Data

* All numbers are in millions except for per share data and ratio. All numbers are in their local exchange's currency.

Pier 1 Imports Inc Annual Data

Feb07Feb08Feb09Feb10Feb11Feb12Feb13Feb14Feb15Feb16
DaysPayable 30.3736.1130.7728.0524.9226.4022.2829.9633.6122.31

Pier 1 Imports Inc Quarterly Data

Aug14Nov14Feb15May15Aug15Nov15Feb16May16Aug16Nov16
DaysPayable 41.2938.9528.4944.4529.1931.2819.1739.6528.7631.51
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