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GuruFocus has detected 4 Warning Signs with Primo Water Corp $PRMW.
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Primo Water Corp (NAS:PRMW)
Days Payable
34.91 (As of Mar. 2017)

Primo Water Corp's payable for the three months ended in Mar. 2017 was $16.4 Mil. Primo Water Corp's cost of goods sold for the three months ended in Mar. 2017 was $42.8 Mil. Hence, Primo Water Corp's days payable for the three months ended in Mar. 2017 was 34.91.

PRMW' s Days Payable Range Over the Past 10 Years
Min: 25.95   Max: 59.66
Current: 49.8

25.95
59.66

During the past 9 years, Primo Water Corp's highest Days Payable was 59.66. The lowest was 25.95. And the median was 50.72.

PRMW's Days Payable is ranked lower than
53% of the 68 Companies
in the Global Beverages - Soft Drinks industry.

( Industry Median: 50.68 vs. PRMW: 49.80 )

Primo Water Corp's days payable declined from Mar. 2016 (51.93) to Mar. 2017 (34.91). It may suggest that Primo Water Corp 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.

Primo Water Corp's Days Payable for the fiscal year that ended in Dec. 2016 is calculated as

Days Payable=Payable/Cost of Goods Sold*Days in Period
=13.788/100.184*365
=50.23

Primo Water Corp's Days Payable for the quarter that ended in Mar. 2017 is calculated as:

Days Payable=Payable/Cost of Goods Sold*Days in Period
=16.379/42.814*365 / 4
=34.91

* 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.

Primo Water Corp Annual Data

Dec08Dec09Dec10Dec11Dec12Dec13Dec14Dec15Dec16
DaysPayable 0.0032.0725.9550.7254.9259.6658.4258.1547.3450.23

Primo Water Corp Quarterly Data

Dec14Mar15Jun15Sep15Dec15Mar16Jun16Sep16Dec16Mar17
DaysPayable 51.2853.1564.1649.7848.9651.9365.9751.1943.6434.91
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