Pearl River Holdings (TSXV:PRH) Days Payable : 51.63 (As of Sep. 2023)

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What is Pearl River Holdings Days Payable?

Pearl River Holdings's average Accounts Payable for the three months ended in Sep. 2023 was C$5.45 Mil. Pearl River Holdings's Cost of Goods Sold for the three months ended in Sep. 2023 was C$9.64 Mil. Hence, Pearl River Holdings's Days Payable for the three months ended in Sep. 2023 was 51.63.

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

TSXV:PRH' s Days Payable Range Over the Past 10 Years
Min: 25.76 Med: 30.96 Max: 59.92
Current: 59.92

During the past 13 years, Pearl River Holdings's highest Days Payable was 59.92. The lowest was 25.76. And the median was 30.96.

TSXV:PRH's Days Payable is ranked better than
52.16% of 370 companies
in the Packaging & Containers industry
Industry Median: 57.555 vs TSXV:PRH: 59.92

Pearl River Holdings's Days Payable declined from Sep. 2022 (57.46) to Sep. 2023 (51.63). It may suggest that Pearl River Holdings accelerated paying its suppliers.

Pearl River Holdings Days Payable Historical Data

The historical data trend for Pearl River Holdings'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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Pearl River Holdings Days Payable Chart

Pearl River Holdings Annual Data

Trend

Dec13

Dec14

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Days Payable

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31.03

33.75

40.24

45.00

36.22

Pearl River Holdings Quarterly Data
	Dec18	Mar19	Jun19	Sep19	Dec19	Mar20	Jun20	Sep20	Dec20	Mar21	Jun21	Sep21	Dec21	Mar22	Jun22	Sep22	Dec22	Mar23	Jun23	Sep23
Days Payable	Get a 7-Day Free Trial															57.46	103.80	39.44	56.21	51.63

Competitive Comparison of Pearl River Holdings's Days Payable

For the Packaging & Containers subindustry, Pearl River Holdings'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.

Pearl River Holdings's Days Payable Distribution in the Packaging & Containers Industry

For the Packaging & Containers industry and Consumer Cyclical sector, Pearl River Holdings's Days Payable distribution charts can be found below:

* The bar in red indicates where Pearl River Holdings's Days Payable falls into.

Pearl River Holdings 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.

Pearl River Holdings'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
=	( (5.924	+	2.624)	/	2 )	/	43.066	*	365
=	4.274					/	43.066	*	365
=	36.22

Pearl River Holdings's Days Payable for the quarter that ended in Sep. 2023 is calculated as:

	Days Payable (Q: Sep. 2023 )
=	Average Accounts Payable					/	Cost of Goods Sold	*	Days in Period
=	( (Accounts Payable (Q: Jun. 2023 )	+	Accounts Payable (Q: Sep. 2023 ))	/	count )	/	Cost of Goods Sold (Q: Sep. 2023 )	*	Days in Period
=	( (5.045	+	5.863)	/	2 )	/	9.64	*	365 / 4
=	5.454					/	9.64	*	365 / 4
=	51.63

Pearl River Holdings Days Payable Related Terms

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Pearl River Holdings (TSXV:PRH) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Consumer Cyclical » Packaging & Containers » Pearl River Holdings Ltd (TSXV:PRH) » Definitions » Days Payable

Comparable Companies

Traded in Other Exchanges

N/A

Address

383 Richmond Street, Suite 502, London, ON, CAN, N6A 3C4

Website

Pearl River Holdings Ltd engages in the manufacturing and distribution of plastic products to customers in the People's Republic of China, Australia, and the United States. The people's Republic of China accounts for the majority of revenue.

Pearl River Holdings (TSXV:PRH) Headlines

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