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GuruFocus has detected 3 Warning Signs with Pier 1 Imports Inc $PIR.
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Pier 1 Imports Inc (NYSE:PIR)
Days Payable
34.85 (As of May. 2017)

Pier 1 Imports Inc's payable for the three months ended in May. 2017 was $99 Mil. Pier 1 Imports Inc's cost of goods sold for the three months ended in May. 2017 was $258 Mil. Hence, Pier 1 Imports Inc's days payable for the three months ended in May. 2017 was 34.85.

PIR' s Days Payable Range Over the Past 10 Years
Min: 22.26   Max: 36.11
Current: 32.12

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
74% of the 701 Companies
in the Global Specialty Retail industry.

( Industry Median: 50.04 vs. PIR: 32.12 )

Pier 1 Imports Inc's days payable declined from May. 2016 (39.65) to May. 2017 (34.85). It may suggest that Pier 1 Imports Inc accelerated 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 May. 2017 is calculated as:

Days Payable=Payable/Cost of Goods Sold*Days in Period
=98.517/257.928*365 / 4
=34.85

* 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

Feb15May15Aug15Nov15Feb16May16Aug16Nov16Feb17May17
DaysPayable 28.4944.4529.1931.2819.1739.6528.7631.5119.5834.85
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