Parkit Enterprise (TSXV:PKT) Days Payable : 93.10 (As of Sep. 2024)

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What is Parkit Enterprise Days Payable?

Parkit Enterprise's average Accounts Payable for the three months ended in Sep. 2024 was C$2.94 Mil. Parkit Enterprise's Cost of Goods Sold for the three months ended in Sep. 2024 was C$2.88 Mil. Hence, Parkit Enterprise's Days Payable for the three months ended in Sep. 2024 was 93.10.

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

TSXV:PKT' s Days Payable Range Over the Past 10 Years
Min: 45.21 Med: 135.53 Max: 509.48
Current: 100.84

During the past 13 years, Parkit Enterprise's highest Days Payable was 509.48. The lowest was 45.21. And the median was 135.53.

TSXV:PKT's Days Payable is ranked better than
51.05% of 1569 companies
in the Real Estate industry
Industry Median: 97.76 vs TSXV:PKT: 100.84

Parkit Enterprise's Days Payable declined from Sep. 2023 (106.68) to Sep. 2024 (93.10). It may suggest that Parkit Enterprise accelerated paying its suppliers.

Parkit Enterprise Days Payable Historical Data

The historical data trend for Parkit Enterprise'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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Parkit Enterprise Days Payable Chart

Parkit Enterprise Annual Data

Trend

Oct14

Oct15

Oct16

Oct17

Oct18

Oct19

Oct20

Dec21

Dec22

Dec23

Days Payable

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509.48

133.38

187.22

135.53

Parkit Enterprise Quarterly Data
	Oct19	Jan20	Apr20	Jul20	Oct20	Mar21	Jun21	Sep21	Dec21	Mar22	Jun22	Sep22	Dec22	Mar23	Jun23	Sep23	Dec23	Mar24	Jun24	Sep24
Days Payable	Get a 7-Day Free Trial															106.68	103.13	109.39	97.02	93.10

Competitive Comparison of Parkit Enterprise's Days Payable

For the Real Estate Services subindustry, Parkit Enterprise'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.

Parkit Enterprise's Days Payable Distribution in the Real Estate Industry

For the Real Estate industry and Real Estate sector, Parkit Enterprise's Days Payable distribution charts can be found below:

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

Parkit Enterprise 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.

Parkit Enterprise'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
=	( (3.689	+	2.985)	/	2 )	/	8.987	*	365
=	3.337					/	8.987	*	365
=	135.53

Parkit Enterprise'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
=	( (2.513	+	3.372)	/	2 )	/	2.884	*	365 / 4
=	2.9425					/	2.884	*	365 / 4
=	93.10

Parkit Enterprise Days Payable Related Terms

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Parkit Enterprise Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Real Estate » Real Estate » Parkit Enterprise Inc (TSXV:PKT) » Definitions » Days Payable

Comparable Companies

Traded in Other Exchanges

PKTEF:USA 1TH:Germany

Address

100 Canadian Road, Scarborough, ON, CAN, M1R 4Z5

Website

https://www.parkitenterprise.com

Parkit Enterprise Inc is an investment real estate platform. It is focused on the acquisition, growth, and management of strategically located industrial properties across key markets in Canada, with a focus on the Greater Toronto Area (GTA), Ottawa, and Montreal, to complement its parking assets across the United States. The Company operates in two reportable business segments: Investment Properties which involves the acquisition and management of income producing industrial properties across key markets in Canada. Parking Assets which involves the acquisition and management of income producing parking facilities across the United States.

Executives

Parkit Enterprise Inc.	10% Security Holder
Robert Blair Tamblyn	Director
Bradley Roy Dunkley	Director
Steven Robert Scott	Director
Iqbal Khan	Director, Senior Officer
Access Self Storage Inc.	10% Security Holder
Avi Geller	Director, Senior Officer
David Delaney	Director
Elie Norowitz	Director

Parkit Enterprise Headlines

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