PSMMF (Persimmon) Days Payable : 94.93 (As of Jun. 2024)

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What is Persimmon Days Payable?

Persimmon's average Accounts Payable for the six months ended in Jun. 2024 was $700 Mil. Persimmon's Cost of Goods Sold for the six months ended in Jun. 2024 was $1,346 Mil. Hence, Persimmon's Days Payable for the six months ended in Jun. 2024 was 94.93.

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

PSMMF' s Days Payable Range Over the Past 10 Years
Min: 31.33 Med: 33.52 Max: 96.51
Current: 96.51

During the past 13 years, Persimmon's highest Days Payable was 96.51. The lowest was 31.33. And the median was 33.52.

PSMMF's Days Payable is ranked better than
78.49% of 93 companies
in the Homebuilding & Construction industry
Industry Median: 41.29 vs PSMMF: 96.51

Persimmon's Days Payable declined from Jun. 2023 (107.33) to Jun. 2024 (94.93). It may suggest that Persimmon accelerated paying its suppliers.

Persimmon Days Payable Historical Data

The historical data trend for Persimmon'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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Persimmon Days Payable Chart

Persimmon Annual Data

Trend

Dec14

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

Days Payable

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32.94

31.87

31.49

38.17

54.07

Persimmon Semi-Annual Data
	Dec14	Jun15	Dec15	Jun16	Dec16	Jun17	Dec17	Jun18	Dec18	Jun19	Dec19	Jun20	Dec20	Jun21	Dec21	Jun22	Dec22	Jun23	Dec23	Jun24
Days Payable	Get a 7-Day Free Trial															85.58	64.17	107.33	75.75	94.93

Competitive Comparison of Persimmon's Days Payable

For the Residential Construction subindustry, Persimmon'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.

Persimmon's Days Payable Distribution in the Homebuilding & Construction Industry

For the Homebuilding & Construction industry and Consumer Cyclical sector, Persimmon's Days Payable distribution charts can be found below:

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

Persimmon 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.

Persimmon'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
=	( (448.965	+	395.949)	/	2 )	/	2852.026	*	365
=	422.457					/	2852.026	*	365
=	54.07

Persimmon's Days Payable for the quarter that ended in Jun. 2024 is calculated as:

	Days Payable (Q: Jun. 2024 )
=	Average Accounts Payable					/	Cost of Goods Sold	*	Days in Period
=	( (Accounts Payable (Q: Dec. 2023 )	+	Accounts Payable (Q: Jun. 2024 ))	/	count )	/	Cost of Goods Sold (Q: Jun. 2024 )	*	Days in Period
=	( (395.949	+	1004.453)	/	2 )	/	1346.183	*	365 / 2
=	700.201					/	1346.183	*	365 / 2
=	94.93

Persimmon Days Payable Related Terms

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Persimmon Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Consumer Cyclical » Homebuilding & Construction » Persimmon PLC (OTCPK:PSMMF) » Definitions » Days Payable

Comparable Companies

Traded in Other Exchanges

PSMMY:USA PSNl:UK PSN:UK OHP:Germany OHP:Germany

Address

Persimmon House, Fulford, York, GBR, YO19 4FE

Website

https://www.persimmonhomes.com/corporate

Persimmon is the U.K.'s second largest residential property developer by revenue and dwelling completions, marketing homes under its three brands: Persimmon Homes, Charles Church, and Westbury Partnerships. Persimmon largely caters to the lower-priced segment of the newbuild market, attracting more first-time homebuyers than any of its peer homebuilders. Aligning with the typical business model employed by U.K. homebuilders, Persimmon is a vertically integrated speculative homebuilder.