Paradise (Paradise) Days Payable : 33.46 (As of Jun. 2019)

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What is Paradise Days Payable?

Paradise's average Accounts Payable for the three months ended in Jun. 2019 was $0.99 Mil. Paradise's Cost of Goods Sold for the three months ended in Jun. 2019 was $2.70 Mil. Hence, Paradise's Days Payable for the three months ended in Jun. 2019 was 33.46.

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

PARF's Days Payable is not ranked ^*
in the Consumer Packaged Goods industry.
Industry Median: 45.76
* Ranked among companies with meaningful Days Payable only.

Paradise's Days Payable declined from Jun. 2018 (58.65) to Jun. 2019 (33.46). It may suggest that Paradise accelerated paying its suppliers.

Paradise Days Payable Historical Data

The historical data trend for Paradise'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.

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Paradise Days Payable Chart

Paradise Annual Data

Trend

Dec09

Dec10

Dec11

Dec12

Dec13

Dec14

Dec15

Dec16

Dec17

Dec18

Days Payable

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8.42

12.36

15.19

15.43

16.99

Paradise Quarterly Data
	Sep14	Dec14	Mar15	Jun15	Sep15	Dec15	Mar16	Jun16	Sep16	Dec16	Mar17	Jun17	Sep17	Dec17	Mar18	Jun18	Sep18	Dec18	Mar19	Jun19
Days Payable	Get a 7-Day Free Trial															58.65	15.50	13.20	65.15	33.46

Competitive Comparison of Paradise's Days Payable

For the Confectioners subindustry, Paradise'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.

Paradise's Days Payable Distribution in the Consumer Packaged Goods Industry

For the Consumer Packaged Goods industry and Consumer Defensive sector, Paradise's Days Payable distribution charts can be found below:

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

Paradise 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.

Paradise's Days Payable for the fiscal year that ended in Dec. 2018 is calculated as

	Days Payable (A: Dec. 2018 )
=	Average Accounts Payable					/	Cost of Goods Sold	*	Days in Period
=	( (Accounts Payable (A: Dec. 2017 )	+	Accounts Payable (A: Dec. 2018 ))	/	count )	/	Cost of Goods Sold (A: Dec. 2018 )	*	Days in Period
=	( (0.639	+	0.931)	/	2 )	/	16.869	*	365
=	0.785					/	16.869	*	365
=	16.99

Paradise's Days Payable for the quarter that ended in Jun. 2019 is calculated as:

	Days Payable (Q: Jun. 2019 )
=	Average Accounts Payable					/	Cost of Goods Sold	*	Days in Period
=	( (Accounts Payable (Q: Mar. 2019 )	+	Accounts Payable (Q: Jun. 2019 ))	/	count )	/	Cost of Goods Sold (Q: Jun. 2019 )	*	Days in Period
=	( (0.934	+	1.049)	/	2 )	/	2.704	*	365 / 4
=	0.9915					/	2.704	*	365 / 4
=	33.46

Paradise Days Payable Related Terms

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

Paradise (Paradise) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Consumer Defensive » Consumer Packaged Goods » Paradise Inc (OTCPK:PARF) » Definitions » Days Payable

Comparable Companies

Traded in Other Exchanges

N/A

Address

1200 W. Dr. Martin Luther King Jr. Boulevard, Plant City, FL, USA, 33563-5155

Website

https://www.paradisefruitco.com

Paradise Inc is engaged in producing and selling of candied fruit and molded plastics. Its products are used by commercial and home bakers. It also designs and molds plastic containers for its product line and molded plastics for sale to customers. The operating business segments are Candied Fruit and Molded Plastics. The Candied Fruit segment is engaged in the production of candied fruit, a basic fruitcake ingredient, sold to manufacturing bakers, institutional users, and retailers for use in home baking. The Molded Plastics segment is engaged in the production of plastic containers for the company's products and other molded plastics for sale to unaffiliated customers.

Paradise (Paradise) Headlines

From GuruFocus

Paradise Inc: Cost Containment Has Been Fruitful

By Mark Lin Mark Lin • 12-06-2012

Paradise, Inc. Announces Final Distribution to Shareholders

By PRNewswire PRNewswire • 12-16-2021

Paradise, Inc. Announces Agreement to Sell Its Fruit Business

By PRNewswire PRNewswire • 04-16-2019

Strategic Value Investing: Deep-Value Stocks

By Robert Abbott Robert Abbott • 09-03-2019

Paradise, Inc. Announces 2017 Financial Results and Declaration of Dividend

By PRNewswire PRNewswire • 04-02-2018

Paradise, Inc. Announces Third Distribution to Shareholders

By PRNewswire PRNewswire • 09-17-2020

Paradise, Inc. Announces Letter to Shareholders

By PRNewswire PRNewswire • 07-16-2020