Plantify Foods (TSXV:PTFY) Days Payable : 235.59 (As of Dec. 2023)

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What is Plantify Foods Days Payable?

Plantify Foods's average Accounts Payable for the three months ended in Dec. 2023 was C$0.57 Mil. Plantify Foods's Cost of Goods Sold for the three months ended in Dec. 2023 was C$0.22 Mil. Hence, Plantify Foods's Days Payable for the three months ended in Dec. 2023 was 235.59.

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

TSXV:PTFY' s Days Payable Range Over the Past 10 Years
Min: 114.22 Med: 166.83 Max: 248.4
Current: 217.72

During the past 4 years, Plantify Foods's highest Days Payable was 248.40. The lowest was 114.22. And the median was 166.83.

TSXV:PTFY's Days Payable is ranked better than
93.91% of 1789 companies
in the Consumer Packaged Goods industry
Industry Median: 45.62 vs TSXV:PTFY: 217.72

Plantify Foods's Days Payable increased from Dec. 2022 (186.32) to Dec. 2023 (235.59). It may suggest that Plantify Foods delayed paying its suppliers.

Plantify Foods Days Payable Historical Data

The historical data trend for Plantify Foods'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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Plantify Foods Days Payable Chart

Plantify Foods Annual Data

Trend

Dec20

Dec21

Dec22

Dec23

Days Payable

114.22

137.03

248.40

196.62

Plantify Foods Quarterly Data
	Dec20	Mar21	Jun21	Sep21	Dec21	Mar22	Jun22	Sep22	Dec22	Mar23	Jun23	Sep23	Dec23
Days Payable	Get a 7-Day Free Trial								186.32	225.99	260.90	185.13	235.59

Competitive Comparison of Plantify Foods's Days Payable

For the Farm Products subindustry, Plantify Foods'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.

Plantify Foods's Days Payable Distribution in the Consumer Packaged Goods Industry

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

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

Plantify Foods 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.

Plantify Foods'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
=	( (0.586	+	0.389)	/	2 )	/	0.905	*	365
=	0.4875					/	0.905	*	365
=	196.62

Plantify Foods'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
=	( (0.747	+	0.389)	/	2 )	/	0.22	*	365 / 4
=	0.568					/	0.22	*	365 / 4
=	235.59

Plantify Foods Days Payable Related Terms

Thank you for viewing the detailed overview of Plantify Foods's Days Payable provided by GuruFocus.com. Please click on the following links to see related term pages.

Plantify Foods (TSXV:PTFY) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Consumer Defensive » Consumer Packaged Goods » Plantify Foods Inc (TSXV:PTFY) » Definitions » Days Payable

Comparable Companies

Traded in Other Exchanges

N/A

Address

2264 E 11th Avenue, Vancouver, BC, CAN, V5N 1Z6

Website

https://www.plantifyfoods.com

Plantify Foods Inc is engaged in the development, production and sales of plant-based foods out of its subsidiary's factory located in Kibbutz Gonen.

Plantify Foods (TSXV:PTFY) Headlines

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