Switch to:
GuruFocus has detected 6 Warning Signs with Pier 1 Imports Inc $PIR.
More than 500,000 people have already joined GuruFocus to track the stocks they follow and exchange investment ideas.
Pier 1 Imports Inc (NYSE:PIR)
Days Payable
19.58 (As of Feb. 2017)

Pier 1 Imports Inc's payable for the three months ended in Feb. 2017 was $69 Mil. Pier 1 Imports Inc's cost of goods sold for the three months ended in Feb. 2017 was $321 Mil. Hence, Pier 1 Imports Inc's days payable for the three months ended in Feb. 2017 was 19.58.

PIR' s Days Payable Range Over the Past 10 Years
Min: 22.26   Max: 36.11
Current: 22.26

22.26
36.11

During the past 13 years, Pier 1 Imports Inc's highest Days Payable was 36.11. The lowest was 22.26. And the median was 27.23.

PIR's Days Payable is ranked lower than
79% of the 657 Companies
in the Global Specialty Retail industry.

( Industry Median: 53.24 vs. PIR: 22.26 )

Pier 1 Imports Inc's days payable increased from Feb. 2016 (19.17) to Feb. 2017 (19.58). 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. 2017 is calculated as

Days Payable=Payable/Cost of Goods Sold*Days in Period
=68.981/1131.138*365
=22.26

Pier 1 Imports Inc's Days Payable for the quarter that ended in Feb. 2017 is calculated as:

Days Payable=Payable/Cost of Goods Sold*Days in Period
=68.981/321.44*365 / 4
=19.58

* 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

Feb08Feb09Feb10Feb11Feb12Feb13Feb14Feb15Feb16Feb17
DaysPayable 36.1130.7728.0524.9226.4022.2829.9633.6122.3122.26

Pier 1 Imports Inc Quarterly Data

Nov14Feb15May15Aug15Nov15Feb16May16Aug16Nov16Feb17
DaysPayable 38.9528.4944.4529.1931.2819.1739.6528.7631.5119.58
Get WordPress Plugins for easy affiliate links on Stock Tickers and Guru Names | Earn affiliate commissions by embedding GuruFocus Charts
GuruFocus Affiliate Program: Earn up to $400 per referral. ( Learn More)
FEEDBACK