Planet 13 Holdings (XCNQ:PLTH) Days Payable

: 21.26 (As of Dec. 2023)

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Planet 13 Holdings's average Accounts Payable for the three months ended in Dec. 2023 was C$3.7 Mil. Planet 13 Holdings's Cost of Goods Sold for the three months ended in Dec. 2023 was C$16.1 Mil. Hence, Planet 13 Holdings's Days Payable for the three months ended in Dec. 2023 was 21.26.

The historical rank and industry rank for Planet 13 Holdings's Days Payable or its related term are showing as below:

XCNQ:PLTH' s Days Payable Range Over the Past 10 Years
Min: 13.25 Med: 18.81 Max: 31.67
Current: 19.48

During the past 8 years, Planet 13 Holdings's highest Days Payable was 31.67. The lowest was 13.25. And the median was 18.81.

XCNQ:PLTH's Days Payable is ranked worse than
95.4% of 979 companies
in the Drug Manufacturers industry
Industry Median: 86.61 vs XCNQ:PLTH: 19.48

Planet 13 Holdings's Days Payable increased from Dec. 2022 (19.64) to Dec. 2023 (21.26). It may suggest that Planet 13 Holdings delayed paying its suppliers.

Planet 13 Holdings Days Payable Historical Data

The historical data trend for Planet 13 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.

* Premium members only.

Planet 13 Holdings Annual Data

Trend

Jun16

Jun17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

Days Payable

17.65

13.25

16.89

19.96

20.41

Planet 13 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																19.64	18.57	18.69	18.87	21.26

Competitive Comparison

For the Drug Manufacturers - Specialty & Generic subindustry, Planet 13 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 13 Holdings Days Payable Distribution

For the Drug Manufacturers industry and Healthcare sector, Planet 13 Holdings's Days Payable distribution charts can be found below:

* The bar in red indicates where Planet 13 Holdings's Days Payable falls into.

Planet 13 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 13 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
=	( (4.229	+	3.825)	/	2 )	/	72.019	*	365
=	4.027					/	72.019	*	365
=	20.41

Planet 13 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
=	( (3.666	+	3.825)	/	2 )	/	16.078	*	365 / 4
=	3.7455					/	16.078	*	365 / 4
=	21.26

Planet 13 Holdings Days Payable Related Terms

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Planet 13 Holdings (XCNQ:PLTH) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Healthcare » Drug Manufacturers » Planet 13 Holdings Inc (XCNQ:PLTH) » Definitions » Days Payable

Comparable Companies

Traded in Other Exchanges

PLNH:USA

Address

2548 West Desert Inn Road, Las Vegas, NV, USA, 89109

Website

https://www.planet13holdings.com

Planet 13 Holdings Inc operates as an integrated cannabis company based in Nevada, with cultivation, production, and dispensary operations in Las Vegas. The company is focused on providing an unparalleled dispensary experience and optimizing cultivation efficiencies through its technology as the vanguard of cannabis.

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