PTOI (Plastic2Oil) Days Payable: 24,474.55 (As of Sep. 2019)


What is Plastic2Oil Days Payable?

Plastic2Oil PTOI Days Payable is 24,474.55 as of Sep. 2019.

Plastic2Oil's average Accounts Payable for the three months ended in Sep. 2019 was $1.88 Mil. Plastic2Oil's Cost of Goods Sold for the three months ended in Sep. 2019 was $0.01 Mil. Hence, Plastic2Oil's Days Payable for the three months ended in Sep. 2019 was 24,474.55.

The historical rank and industry rank for Plastic2Oil's Days Payable or its related term are showing as below:

PTOI's Days Payable is not ranked *
in the Waste Management industry.
Industry Median: 63.6
* Ranked among companies with meaningful Days Payable only.

Plastic2Oil's Days Payable increased from Sep. 2018 (1,924.03) to Sep. 2019 (24,474.55). It may suggest that Plastic2Oil delayed paying its suppliers.

Plastic2Oil Days Payable Historical Data

* Premium members only.

The historical data trend for Plastic2Oil'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.

Plastic2Oil Days Payable Chart

Plastic2Oil Annual Data
Trend Dec09 Dec10 Dec11 Dec12 Dec13 Dec14 Dec15 Dec16 Dec17 Dec18
Days Payable
Get a 7-Day Free Trial Premium Member Only Premium Member Only 6,259.01 723.95 909.00 3,702.01 3,885.69

Plastic2Oil Quarterly Data
Dec14 Mar15 Jun15 Sep15 Dec15 Mar16 Jun16 Sep16 Dec16 Mar17 Jun17 Sep17 Dec17 Mar18 Jun18 Sep18 Dec18 Mar19 Jun19 Sep19
Days Payable Get a 7-Day Free Trial Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only 1,924.03 0.00 24,083.48 24,259.46 24,474.55

PTOI vs CREG, AWX, JAN: Days Payable Comparison

For the Waste Management subindustry, Plastic2Oil'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.

Plastic2Oil Days Payable vs Waste Management Industry

For the Waste Management industry and Industrials sector, Plastic2Oil's Days Payable distribution charts can be found below:

* The bar in red indicates where Plastic2Oil's Days Payable falls into.


Plastic2Oil 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.

Plastic2Oil's Days Payable for the fiscal year that ended in Dec. 2018 is calculated as

Days Payable (A: Dec. 2018 )
=Average Accounts Payable /Cost of Goods Sold*Days in Period
=( (Accounts Payable (A: Dec. 2017 ) + Accounts Payable (A: Dec. 2018 )) / count ) / Cost of Goods Sold (A: Dec. 2018 )*Days in Period
=( (1.879 + 1.847) / 2 ) / 0.175*365
=1.863 / 0.175*365
=3,885.69

Plastic2Oil's Days Payable for the quarter that ended in Sep. 2019 is calculated as:

Days Payable (Q: Sep. 2019 )
=Average Accounts Payable / Cost of Goods Sold*Days in Period
=( (Accounts Payable (Q: Jun. 2019 ) + Accounts Payable (Q: Sep. 2019 )) / count ) / Cost of Goods Sold (Q: Sep. 2019 )*Days in Period
=( (1.874 + 1.881) / 2 ) / 0.007*365 / 4
=1.8775 / 0.007*365 / 4
=24,474.55

* 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 24,474.55 mean?
Plastic2Oil (PTOI) has a Days Payable of 24,474.55 as of Sep. 2019. Days payable represents the average amount of days a company waits to pay its invoices from suppliers. View historical data on Plastic2Oil and its competitors.
Is Plastic2Oil's Days Payable too high?
Plastic2Oil's current Days Payable is 24,474.55. The Waste Management industry median Days Payable is 63.60. Plastic2Oil's value of 24,474.55 is 38382% above this industry median.
How does Plastic2Oil's Days Payable compare to CREG and AWX?
Plastic2Oil's Days Payable of 24,474.55 can be compared against companies in the Waste Management industry. The industry median Days Payable is 63.60. Plastic2Oil's value of 24,474.55 is 38382% above 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 Waste Management company?
The median Days Payable among Waste Management companies is 63.60, based on 234 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. Plastic2Oil's current Days Payable of 24,474.55 is 38382% above 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 Plastic2Oil and its competitors. For the Waste Management industry, the median Days Payable is 63.60 — values significantly above this may indicate overvaluation, while values below may suggest a bargain or underlying issues. Plastic2Oil's current Days Payable is 24,474.55. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is Plastic2Oil stock overvalued right now?
Plastic2Oil (PTOI) has a current Days Payable of 24,474.55. The current Days Payable is 24,474.55 and 38382% above the Waste Management industry median of 63.60. 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 Plastic2Oil (PTOI), the current Days Payable is 24,474.55 as of Sep. 2019. 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.

Plastic2Oil Business Description

Address 20 Iroquois Street, Niagara Falls, NY, USA, 14303
Plastic2Oil Inc is a U.S based fuel company which engages in transforming unsorted and unwashed waste plastic into ultra-clean, ultra-low sulphur fuel without the need for refinement in the United States. The company uses waste plastic as feedstock to produce Fuel Oil No. 2, naphtha, and Fuel Oil No. 6 for various uses. The company also produces by-products, including an off-gas similar to natural gas and a petcoke carbon residue.