Premium Brands Holdings (Premium Brands Holdings) Days Payable : 34.30 (As of Dec. 2023)

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What is Premium Brands Holdings Days Payable?

Premium Brands Holdings's average Accounts Payable for the three months ended in Dec. 2023 was $353 Mil. Premium Brands Holdings's Cost of Goods Sold for the three months ended in Dec. 2023 was $939 Mil. Hence, Premium Brands Holdings's Days Payable for the three months ended in Dec. 2023 was 34.30.

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

PRBZF' s Days Payable Range Over the Past 10 Years
Min: 32.04 Med: 34.72 Max: 36.9
Current: 32.3

During the past 13 years, Premium Brands Holdings's highest Days Payable was 36.90. The lowest was 32.04. And the median was 34.72.

PRBZF's Days Payable is ranked worse than
67.71% of 1787 companies
in the Consumer Packaged Goods industry
Industry Median: 45.6 vs PRBZF: 32.30

Premium Brands Holdings's Days Payable increased from Dec. 2022 (29.62) to Dec. 2023 (34.30). It may suggest that Premium Brands Holdings delayed paying its suppliers.

Premium Brands Holdings Days Payable Historical Data

The historical data trend for Premium Brands Holdings'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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Premium Brands Holdings Days Payable Chart

Premium Brands Holdings Annual Data

Trend

Dec14

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

Days Payable

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32.87

35.88

36.89

33.05

31.97

Premium Brands Holdings Quarterly Data
	Mar19	Jun19	Sep19	Dec19	Mar20	Jun20	Sep20	Dec20	Mar21	Jun21	Sep21	Dec21	Mar22	Jun22	Sep22	Dec22	Mar23	Jun23	Sep23	Dec23
Days Payable	Get a 7-Day Free Trial															29.62	33.93	29.75	31.42	34.30

Competitive Comparison of Premium Brands Holdings's Days Payable

For the Packaged Foods subindustry, Premium Brands Holdings'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.

Premium Brands Holdings's Days Payable Distribution in the Consumer Packaged Goods Industry

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

* The bar in red indicates where Premium Brands Holdings's Days Payable falls into.

Premium Brands Holdings 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.

Premium Brands Holdings's Days Payable for the fiscal year that ended in Dec. 2023 is calculated as

	Days Payable (A: Dec. 2023 )
=	Average Accounts Payable					/	Cost of Goods Sold	*	Days in Period
=	( (Accounts Payable (A: Dec. 2022 )	+	Accounts Payable (A: Dec. 2023 ))	/	count )	/	Cost of Goods Sold (A: Dec. 2023 )	*	Days in Period
=	( (308.723	+	350.999)	/	2 )	/	3766.1	*	365
=	329.861					/	3766.1	*	365
=	31.97

Premium Brands Holdings'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
=	( (354.815	+	350.999)	/	2 )	/	938.804	*	365 / 4
=	352.907					/	938.804	*	365 / 4
=	34.30

Premium Brands Holdings Days Payable Related Terms

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Premium Brands Holdings (Premium Brands Holdings) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Consumer Defensive » Consumer Packaged Goods » Premium Brands Holdings Corp (OTCPK:PRBZF) » Definitions » Days Payable

Comparable Companies

Traded in Other Exchanges

PBH:Canada

Address

100 - 10991 Shellbridge Way, Richmond, BC, CAN, V6X 3C6

Website

https://www.premiumbrandsholdings.com

Premium Brands Holdings Corp is engaged in specialty food manufacturing, premium food distribution, and wholesale businesses with operations in British Columbia, Alberta, Saskatchewan, Manitoba, Ontario, Quebec, Nevada, and Washington State. The company's business segments include Specialty Foods, Premium Food Distribution, and Corporate. The Specialty Foods segment consists of its specialty food manufacturing businesses, which contributes about two-thirds of the group revenue; the Premium Food Distribution segment consists of the company's distribution and wholesale businesses; the Corporate segment includes the company's head office activities along with its finance and information systems. Its geographical segments are the United States and Canada.