PCTTU (PureCycle Technologies) Days Payable : 17.68 (As of Sep. 2024)

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What is PureCycle Technologies Days Payable?

PureCycle Technologies's average Accounts Payable for the three months ended in Sep. 2024 was $3.29 Mil. PureCycle Technologies's Cost of Goods Sold for the three months ended in Sep. 2024 was $16.97 Mil. Hence, PureCycle Technologies's Days Payable for the three months ended in Sep. 2024 was 17.68.

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

PCTTU' s Days Payable Range Over the Past 10 Years
Min: 15.84 Med: 63.43 Max: 1438.2
Current: 23.46

During the past 6 years, PureCycle Technologies's highest Days Payable was 1438.20. The lowest was 15.84. And the median was 63.43.

PCTTU's Days Payable is ranked worse than
92.25% of 2929 companies
in the Industrial Products industry
Industry Median: 75.78 vs PCTTU: 23.46

PureCycle Technologies's Days Payable declined from Sep. 2023 (47.38) to Sep. 2024 (17.68). It may suggest that PureCycle Technologies accelerated paying its suppliers.

PureCycle Technologies Days Payable Historical Data

The historical data trend for PureCycle Technologies'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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PureCycle Technologies Days Payable Chart

PureCycle Technologies Annual Data

Trend

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

Days Payable

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219.64

72.61

54.24

23.60

15.84

PureCycle Technologies Quarterly Data
	Dec19	Mar20	Jun20	Sep20	Dec20	Mar21	Jun21	Sep21	Dec21	Mar22	Jun22	Sep22	Dec22	Mar23	Jun23	Sep23	Dec23	Mar24	Jun24	Sep24
Days Payable	Get a 7-Day Free Trial															47.38	27.14	24.21	25.88	17.68

Competitive Comparison of PureCycle Technologies's Days Payable

For the Pollution & Treatment Controls subindustry, PureCycle Technologies'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.

PureCycle Technologies's Days Payable Distribution in the Industrial Products Industry

For the Industrial Products industry and Industrials sector, PureCycle Technologies's Days Payable distribution charts can be found below:

* The bar in red indicates where PureCycle Technologies's Days Payable falls into.

PureCycle Technologies 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.

PureCycle Technologies'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
=	( (1.667	+	2.881)	/	2 )	/	52.392	*	365
=	2.274					/	52.392	*	365
=	15.84

PureCycle Technologies's Days Payable for the quarter that ended in Sep. 2024 is calculated as:

	Days Payable (Q: Sep. 2024 )
=	Average Accounts Payable					/	Cost of Goods Sold	*	Days in Period
=	( (Accounts Payable (Q: Jun. 2024 )	+	Accounts Payable (Q: Sep. 2024 ))	/	count )	/	Cost of Goods Sold (Q: Sep. 2024 )	*	Days in Period
=	( (4.241	+	2.333)	/	2 )	/	16.965	*	365 / 4
=	3.287					/	16.965	*	365 / 4
=	17.68

PureCycle Technologies Days Payable Related Terms

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PureCycle Technologies Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Industrials » Industrial Products » PureCycle Technologies Inc (NAS:PCTTU) » Definitions » Days Payable

Comparable Companies

Traded in Other Exchanges

PCT:USA PCT:Mexico

Address

5950 Hazeltine National Drive, Suite 300, Orlando, FL, USA, 32822

Website

https://www.purecycle.com

PureCycle Technologies Inc holds a license to commercialize the only patented solvent-based purification recycling technology, developed by The Procter & Gamble Company (P&G), for restoring waste polypropylene (PP) into a virgin-like resin. The proprietary process removes color, odor, and other contaminants from recycled feedstock resulting in virgin-like polypropylene suitable for any PP market.