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PTL (PTLE) Days Payable : 31.38 (As of Jun. 2024)


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What is PTL Days Payable?

PTL's average Accounts Payable for the six months ended in Jun. 2024 was $8.4 Mil. PTL's Cost of Goods Sold for the six months ended in Jun. 2024 was $49.1 Mil. Hence, PTL's Days Payable for the six months ended in Jun. 2024 was 31.38.

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

PTLE' s Days Payable Range Over the Past 10 Years
Min: 29   Med: 39.66   Max: 45.64
Current: 29

During the past 2 years, PTL's highest Days Payable was 45.64. The lowest was 29.00. And the median was 39.66.

PTLE's Days Payable is ranked worse than
77.54% of 1091 companies
in the Retail - Cyclical industry
Industry Median: 55 vs PTLE: 29.00

PTL's Days Payable declined from Jun. 2023 (39.12) to Jun. 2024 (31.38). It may suggest that PTL accelerated paying its suppliers.

PTL Days Payable Historical Data

The historical data trend for PTL'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.

PTL Days Payable Chart

PTL Annual Data
Trend Dec22 Dec23
Days Payable
45.64 33.67

PTL Semi-Annual Data
Dec22 Jun23 Dec23 Jun24
Days Payable 22.82 39.12 29.57 31.38

Competitive Comparison of PTL's Days Payable

For the Specialty Retail subindustry, PTL'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.

PTL's Days Payable Distribution in the Retail - Cyclical Industry

For the Retail - Cyclical industry and Consumer Cyclical sector, PTL's Days Payable distribution charts can be found below:

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


PTL 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.

PTL'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
=( (9.216 + 9.266) / 2 ) / 100.191*365
=9.241 / 100.191*365
=33.67

PTL'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
=( (9.266 + 7.63) / 2 ) / 49.134*365 / 2
=8.448 / 49.134*365 / 2
=31.38

* 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.

PTL Days Payable Related Terms

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

PTL Business Description

Industry
GURUFOCUS.COM » STOCK LIST » Consumer Cyclical » Retail - Cyclical » PTL Ltd (NAS:PTLE) » Definitions » Days Payable
Comparable Companies
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Traded in Other Exchanges
N/A
Address
111 North Bridge Road, No. 23-06A, Peninsula Plaza, Singapore, SGP, 179098
Website
https://www.petrolinkhk.com
PTL Ltd is a holding company. Through its subsidiaries, it is an established bunkering facilitator providing marine fuel logistics services for vessel refuelling, primarily serving the Asia Pacific market. As a bunker facilitator, the Group's services mainly involve facilitating with its suppliers to supply fuel for the use by the customers' vessels at various ports along their voyages in the Asia Pacific region; arranging vessel refuelling activities at competitive pricing to the customers; offering trade credit to the customers for vessel refuelling; handling unforeseeable circumstances faced by the customers and providing contingency solutions to the customers in a timely manner; and handling disputes, mainly in relation to quality and quantity issues on marine fuel, if any.