PLBLF (Altus Copper) Days Payable: 34.65 (As of Jun. 2023)


What is Altus Copper Days Payable?

Altus Copper PLBLF Days Payable is 34.65 as of Jun. 2023.

Altus Copper's average Accounts Payable for the three months ended in Jun. 2023 was $0.03 Mil. Altus Copper's Cost of Goods Sold for the three months ended in Jun. 2023 was $0.08 Mil. Hence, Altus Copper's Days Payable for the three months ended in Jun. 2023 was 34.65.

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

PLBLF's Days Payable is not ranked *
in the Consumer Packaged Goods industry.
Industry Median: 43.885
* Ranked among companies with meaningful Days Payable only.

Altus Copper's Days Payable declined from Jun. 2022 (72.59) to Jun. 2023 (34.65). It may suggest that Altus Copper accelerated paying its suppliers.

Altus Copper Days Payable Historical Data

* Premium members only.

The historical data trend for Altus Copper'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.

Altus Copper Days Payable Chart

Altus Copper Annual Data
Trend Dec20 Dec21 Dec22
Days Payable
13.43 40.36 41.22

Altus Copper Quarterly Data
Dec20 Mar21 Jun21 Sep21 Dec21 Mar22 Jun22 Sep22 Dec22 Mar23 Jun23
Days Payable Get a 7-Day Free Trial Premium Member Only Premium Member Only Premium Member Only 72.59 26.81 20.09 9.93 34.65

PLBLF vs TTCFQ, BSFC, BDPT: Days Payable Comparison

For the Packaged Foods subindustry, Altus Copper'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.

Altus Copper Days Payable vs Consumer Packaged Goods Industry

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

* The bar in red indicates where Altus Copper's Days Payable falls into.


Altus Copper 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.

Altus Copper's Days Payable for the fiscal year that ended in Dec. 2022 is calculated as

Days Payable (A: Dec. 2022 )
=Average Accounts Payable /Cost of Goods Sold*Days in Period
=( (Accounts Payable (A: Dec. 2021 ) + Accounts Payable (A: Dec. 2022 )) / count ) / Cost of Goods Sold (A: Dec. 2022 )*Days in Period
=( (0.173 + 0.033) / 2 ) / 0.912*365
=0.103 / 0.912*365
=41.22

Altus Copper's Days Payable for the quarter that ended in Jun. 2023 is calculated as:

Days Payable (Q: Jun. 2023 )
=Average Accounts Payable / Cost of Goods Sold*Days in Period
=( (Accounts Payable (Q: Mar. 2023 ) + Accounts Payable (Q: Jun. 2023 )) / count ) / Cost of Goods Sold (Q: Jun. 2023 )*Days in Period
=( (0.021 + 0.039) / 2 ) / 0.079*365 / 4
=0.03 / 0.079*365 / 4
=34.65

* 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.

Frequently Asked Questions Learn more about Days Payable →
What does a Days Payable of 34.65 mean?
Altus Copper (PLBLF) has a Days Payable of 34.65 as of Jun. 2023. Days payable represents the average amount of days a company waits to pay its invoices from suppliers. View historical data on Altus Copper and its competitors.
Is Altus Copper's Days Payable too high?
Altus Copper's current Days Payable is 34.65. The Consumer Packaged Goods industry median Days Payable is 43.89. Altus Copper's value of 34.65 is 21% below this industry median.
How does Altus Copper's Days Payable compare to TTCFQ and BSFC?
Altus Copper's Days Payable of 34.65 can be compared against companies in the Consumer Packaged Goods industry. The industry median Days Payable is 43.89. Altus Copper's value of 34.65 is 21% below this benchmark. See the competitive comparison table and distribution chart on this page for a detailed peer-by-peer breakdown.
What is a good Days Payable for a Consumer Packaged Goods company?
The median Days Payable among Consumer Packaged Goods companies is 43.89, based on 1,884 companies in the industry. Companies in the top quartile (top 25%) have a Days Payable significantly above this median, while those in the bottom quartile fall well below. However, Days Payable should not be evaluated in isolation — investors should consider it alongside profitability, growth, and financial strength metrics. Altus Copper's current Days Payable of 34.65 is 21% below the industry median. Use the industry distribution chart on this page to see where any company falls relative to its peers.
What does a high Days Payable mean?
A high Days Payable can signal that a stock is expensive relative to its fundamentals. Days payable represents the average amount of days a company waits to pay its invoices from suppliers. View historical data on Altus Copper and its competitors. For the Consumer Packaged Goods industry, the median Days Payable is 43.89 — values significantly above this may indicate overvaluation, while values below may suggest a bargain or underlying issues. Altus Copper's current Days Payable is 34.65. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is Altus Copper stock overvalued right now?
Altus Copper (PLBLF) has a current Days Payable of 34.65. The current Days Payable is 34.65 and 21% below the Consumer Packaged Goods industry median of 43.89. Investors should evaluate multiple metrics — including profitability, growth, and financial strength — before making a decision.
How is Days Payable calculated?
Days Payable is calculated from a company's financial statements. For Altus Copper (PLBLF), the current Days Payable is 34.65 as of Jun. 2023. GuruFocus calculates this using data sourced from SEC filings and annual reports. See the calculation section and 30-year financial data on this page for the full breakdown.

Altus Copper Business Description

Address 1095 W Pender Street, Suite 750, Vancouver, BC, CAN, V6E 2M6
Altus Copper Corp formerly Plantable Health Inc offers a lifestyle change program that uses the foundations of behavioral psychology, neuroscience, and nutritional science to transform health and wellness and promote healthy weight loss by facilitating, supporting, and empowering customers through the introduction to and adoption of a plant-centric diet. The meal plans offered by the company include The Reboot, The Quickstart and A La Carte.