Planet Green Holdings (Planet Green Holdings) Days Payable : 35.56 (As of Dec. 2023)

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What is Planet Green Holdings Days Payable?

Planet Green Holdings's average Accounts Payable for the three months ended in Dec. 2023 was $3.52 Mil. Planet Green Holdings's Cost of Goods Sold for the three months ended in Dec. 2023 was $9.04 Mil. Hence, Planet Green Holdings's Days Payable for the three months ended in Dec. 2023 was 35.56.

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

PLAG' s Days Payable Range Over the Past 10 Years
Min: 14.32 Med: 47.37 Max: 528.62
Current: 50.93

During the past 13 years, Planet Green Holdings's highest Days Payable was 528.62. The lowest was 14.32. And the median was 47.37.

PLAG's Days Payable is ranked better than
56.12% of 1789 companies
in the Consumer Packaged Goods industry
Industry Median: 45.62 vs PLAG: 50.93

Planet Green Holdings's Days Payable declined from Dec. 2022 (95.16) to Dec. 2023 (35.56). It may suggest that Planet Green Holdings accelerated paying its suppliers.

Planet Green Holdings Days Payable Historical Data

The historical data trend for Planet Green 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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Planet Green Holdings Days Payable Chart

Planet Green Holdings Annual Data

Trend

Dec14

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

Days Payable

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528.62

159.24

40.57

44.11

50.63

Planet Green 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															95.16	40.48	74.04	82.93	35.56

Competitive Comparison of Planet Green Holdings's Days Payable

For the Packaged Foods subindustry, Planet Green 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.

Planet Green Holdings's Days Payable Distribution in the Consumer Packaged Goods Industry

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

* The bar in red indicates where Planet Green Holdings's Days Payable falls into.

Planet Green 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.

Planet Green 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
=	( (3.528	+	3.598)	/	2 )	/	25.687	*	365
=	3.563					/	25.687	*	365
=	50.63

Planet Green 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
=	( (3.443	+	3.598)	/	2 )	/	9.035	*	365 / 4
=	3.5205					/	9.035	*	365 / 4
=	35.56

Planet Green Holdings Days Payable Related Terms

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Planet Green Holdings (Planet Green Holdings) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Consumer Defensive » Consumer Packaged Goods » Planet Green Holdings Corp (AMEX:PLAG) » Definitions » Days Payable

Comparable Companies

Traded in Other Exchanges

N/A

Address

130-30 31st Avenue, Suite 512, Flushing, NY, USA, 11354

Website

https://www.planetgreenholdings.com

Planet Green Holdings Corp is a diversified technology and consumer products company with a presence in North America and China engaged in Chemical Products, Tea Products, and Online Advertising Services. The company operates in three segments namely to grow, produce and distribute Cyan brick tea, black tea, and green tea in China; to research, develop, manufacture, and sell chemical products including formaldehyde, urea formaldehyde adhesive, methylal, ethanol fuel, fuel additives and clean fuel in China; and to develop and operate a demand-side platform which empowers buyers of advertising to manage and optimize their digital advertising across different real-time bidding networks in North America and China.

Executives

Xiangtian Aerodynamic Electricity Ltd.	10 percent owner	FLOOR 18, DONGHOU TOWER, AIGUO ROAD, LUOHU DISTRICT, SHENZHEN F4 518128
Bin Zhou	director	SUITE 901 BUILDING 6 NO. 1678, JINSHAJIANG ROAD, PUTUO DISTRICT F4 200000
Yang Cao	director	9841 WASHINGTONIAN BLVD, SUITE 200, GAITHERSBURG MD 20878
King Fai Leung	director	SUITE 901, BUILDING 6, NO. 1678, JINSHAJIANG ROAD, PUTUO DISTRICT, SHANGHAI F4 200333
Lili Hu	officer: Chief Financial Officer	BEIHUANZHONG ROAD JUNAN COUNTY, SHANDONG F4 276600
Daqi Cui	officer: Chief Operating Officer	BEIHUANZHONG ROAD JUNAN COUNTY, SHANDONG F4 276600
Chao Chen	director	SUITE 901 BLDG 6 NO 1678, JINSHAJIANG ROAD, SHANGHAI F4 100006
Hongxiang Yu	director, officer: CEO	BEIHUANZHONG ROAD JUNAN COUNTY, SHANDONG F4 276600
Yimin Jin	director, officer: Chief Strategy Officer	BEIHUANZHONG JUNAN COURT, SHANDONG F4 276600
Yu Li	officer: CFO	BEIHUANZHONG ROAD, JUNAN COURT, SHANDONG F4 276600
Yilei Shao	director	BEIHUANZHONG ROAD JUNAN COURT, SHANDONG F4 276600
Yuguo Zhang	director	BEIHUANZHONG ROAD JUNAN COUNTY, SHANDONG F4 276600
Guangming Fang	director	BEIHUANZHONG ROAD JUNAN COURT, SHANDONG F4 276600
Fw	10 percent owner	PALMENGARTENSTRASSE, 5-9, FRANKFURT AM MAIN 2M 60325
Deg - Deutsche Investitions- Und Entwicklungsgesellschaft Mbh	10 percent owner	KAMMERGASSE 22, KOLN 2M 50676