Pacific Ventures Group (Pacific Ventures Group) Days Payable : 70.02 (As of Sep. 2023)

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What is Pacific Ventures Group Days Payable?

Pacific Ventures Group's average Accounts Payable for the three months ended in Sep. 2023 was $5.04 Mil. Pacific Ventures Group's Cost of Goods Sold for the three months ended in Sep. 2023 was $6.57 Mil. Hence, Pacific Ventures Group's Days Payable for the three months ended in Sep. 2023 was 70.02.

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

PACV' s Days Payable Range Over the Past 10 Years
Min: 28.66 Med: 65.45 Max: 34948.75
Current: 57.41

During the past 13 years, Pacific Ventures Group's highest Days Payable was 34948.75. The lowest was 28.66. And the median was 65.45.

PACV's Days Payable is ranked better than
66.34% of 309 companies
in the Retail - Defensive industry
Industry Median: 43.96 vs PACV: 57.41

Pacific Ventures Group's Days Payable increased from Sep. 2022 (38.69) to Sep. 2023 (70.02). It may suggest that Pacific Ventures Group delayed paying its suppliers.

Pacific Ventures Group Days Payable Historical Data

The historical data trend for Pacific Ventures Group'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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Pacific Ventures Group Days Payable Chart

Pacific Ventures Group Annual Data

Trend

Dec13

Dec14

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Days Payable

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58.65

72.24

28.66

30.88

38.20

Pacific Ventures Group Quarterly Data
	Dec18	Mar19	Jun19	Sep19	Dec19	Mar20	Jun20	Sep20	Dec20	Mar21	Jun21	Sep21	Dec21	Mar22	Jun22	Sep22	Dec22	Mar23	Jun23	Sep23
Days Payable	Get a 7-Day Free Trial															38.69	42.73	55.46	61.83	70.02

Competitive Comparison of Pacific Ventures Group's Days Payable

For the Food Distribution subindustry, Pacific Ventures Group'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.

Pacific Ventures Group's Days Payable Distribution in the Retail - Defensive Industry

For the Retail - Defensive industry and Consumer Defensive sector, Pacific Ventures Group's Days Payable distribution charts can be found below:

* The bar in red indicates where Pacific Ventures Group's Days Payable falls into.

Pacific Ventures Group 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.

Pacific Ventures Group's Days Payable for the fiscal year that ended in Dec. 2022 is calculated as

	Days Payable (A: Dec. 2022 )
=	Average Accounts Payable					/	Cost of Goods Sold	*	Days in Period
=	( (Accounts Payable (A: Dec. 2021 )	+	Accounts Payable (A: Dec. 2022 ))	/	count )	/	Cost of Goods Sold (A: Dec. 2022 )	*	Days in Period
=	( (3.475	+	3.779)	/	2 )	/	34.655	*	365
=	3.627					/	34.655	*	365
=	38.20

Pacific Ventures Group's Days Payable for the quarter that ended in Sep. 2023 is calculated as:

	Days Payable (Q: Sep. 2023 )
=	Average Accounts Payable					/	Cost of Goods Sold	*	Days in Period
=	( (Accounts Payable (Q: Jun. 2023 )	+	Accounts Payable (Q: Sep. 2023 ))	/	count )	/	Cost of Goods Sold (Q: Sep. 2023 )	*	Days in Period
=	( (4.804	+	5.285)	/	2 )	/	6.574	*	365 / 4
=	5.0445					/	6.574	*	365 / 4
=	70.02

Pacific Ventures Group Days Payable Related Terms

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Pacific Ventures Group (Pacific Ventures Group) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Consumer Defensive » Retail - Defensive » Pacific Ventures Group Inc (OTCPK:PACV) » Definitions » Days Payable

Comparable Companies

Traded in Other Exchanges

N/A

Address

117 West 9th Street, Suite 316, Los Angeles, CA, USA, 90015

Website

https://www.pacvgroup.com

Pacific Ventures Group Inc is focused on expansion within the consumer products, food, beverage, and alcohol-related industries. Its customers range from a wide variety of restaurants, including many well-known in Southern CA, to institutions, schools, and re-distributors such as U.S. Foods and Sysco as well as to local distributors. It supplies wholesale food and restaurant supplies to San Diego, Los Angeles, Orange, and Riverside and offers same-day service. In addition, it has clients in Arizona and Colorado that come to its facility to pick up their orders.

Executives

Shannon Masjedi	director, 10 percent owner, officer: PRESIDENT, COO, AND SECRETARY	117 WEST 9TH STREET, SUITE 316, LOS ANGELES CA 90015
Marc Shenkman	director, officer: EXECUTIVE VICE PRESIDENT	117 WEST 9TH STREET, SUITE 316, LOS ANGELES CA 90015
Robert Emmitt Smith	director, officer: CHAIRMAN OF THE BOARD & CEO	117 WEST 9TH STREET, SUITE 316, LOS ANGELES CA 90015
Kent R. Sumner	10 percent owner	1248 BATEMAN PONDS WAY, WEST JORDAN UT 84084
Marion Philip Guthrie	10 percent owner	THREE LINCOLN CENTRE, 5430 LBJ FWY., SUITE 1480, DALLAS TX 75240
Kip Eardley	director, 10 percent owner, officer: President & Secretary	P.O. BOX 901658, SANDY UT 84090