Peet (ASX:PPC) Days Payable : 77.19 (As of Dec. 2023)

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What is Peet Days Payable?

Peet's average Accounts Payable for the six months ended in Dec. 2023 was A$40.3 Mil. Peet's Cost of Goods Sold for the six months ended in Dec. 2023 was A$95.3 Mil. Hence, Peet's Days Payable for the six months ended in Dec. 2023 was 77.19.

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

ASX:PPC' s Days Payable Range Over the Past 10 Years
Min: 10.48 Med: 24.3 Max: 85.07
Current: 76.09

During the past 13 years, Peet's highest Days Payable was 85.07. The lowest was 10.48. And the median was 24.30.

ASX:PPC's Days Payable is ranked worse than
56.43% of 1570 companies
in the Real Estate industry
Industry Median: 97.275 vs ASX:PPC: 76.09

Peet's Days Payable increased from Dec. 2022 (64.08) to Dec. 2023 (77.19). It may suggest that Peet delayed paying its suppliers.

Peet Days Payable Historical Data

The historical data trend for Peet'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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Peet Days Payable Chart

Peet Annual Data

Trend

Jun14

Jun15

Jun16

Jun17

Jun18

Jun19

Jun20

Jun21

Jun22

Jun23

Days Payable

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13.66

67.24

85.07

70.61

67.97

Peet Semi-Annual Data
	Jun14	Dec14	Jun15	Dec15	Jun16	Dec16	Jun17	Dec17	Jun18	Dec18	Jun19	Dec19	Jun20	Dec20	Jun21	Dec21	Jun22	Dec22	Jun23	Dec23
Days Payable	Get a 7-Day Free Trial															82.20	57.02	64.08	79.85	77.19

Competitive Comparison of Peet's Days Payable

For the Real Estate - Development subindustry, Peet'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.

Peet's Days Payable Distribution in the Real Estate Industry

For the Real Estate industry and Real Estate sector, Peet's Days Payable distribution charts can be found below:

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

Peet 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.

Peet's Days Payable for the fiscal year that ended in Jun. 2023 is calculated as

	Days Payable (A: Jun. 2023 )
=	Average Accounts Payable					/	Cost of Goods Sold	*	Days in Period
=	( (Accounts Payable (A: Jun. 2022 )	+	Accounts Payable (A: Jun. 2023 ))	/	count )	/	Cost of Goods Sold (A: Jun. 2023 )	*	Days in Period
=	( (24.936	+	45.116)	/	2 )	/	188.099	*	365
=	35.026					/	188.099	*	365
=	67.97

Peet'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: Jun. 2023 )	+	Accounts Payable (Q: Dec. 2023 ))	/	count )	/	Cost of Goods Sold (Q: Dec. 2023 )	*	Days in Period
=	( (45.116	+	35.496)	/	2 )	/	95.299	*	365 / 2
=	40.306					/	95.299	*	365 / 2
=	77.19

Peet Days Payable Related Terms

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Peet (ASX:PPC) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Real Estate » Real Estate » Peet Ltd (ASX:PPC) » Definitions » Days Payable

Comparable Companies

Traded in Other Exchanges

PPCHB.PFD:Australia

Address

200 St Georges Terrace, 7th Floor, Perth, WA, AUS, 6000

Website

https://www.peet.com.au

Peet Ltd acquires, develops, and markets residential land, predominantly under a capital-efficient funds management model. The company earns revenue from the sale of land, underwriting, capital raising, and asset identification services; Ongoing project-related fees mainly project management, selling fees, and performance fees. It operates in the following segment: Funds management; Company-owned projects; and Joint arrangements. The Company-owned projects segment accounts for the majority of revenue.