Panache Beverage (Panache Beverage) Days Payable : 216.32 (As of Jun. 2014)

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What is Panache Beverage Days Payable?

Panache Beverage's average Accounts Payable for the three months ended in Jun. 2014 was $1.16 Mil. Panache Beverage's Cost of Goods Sold for the three months ended in Jun. 2014 was $0.49 Mil. Hence, Panache Beverage's Days Payable for the three months ended in Jun. 2014 was 216.32.

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

WDKA's Days Payable is not ranked ^*
in the Beverages - Alcoholic industry.
Industry Median: 80.83
* Ranked among companies with meaningful Days Payable only.

Panache Beverage's Days Payable increased from Jun. 2013 (112.33) to Jun. 2014 (216.32). It may suggest that Panache Beverage delayed paying its suppliers.

Panache Beverage Days Payable Historical Data

The historical data trend for Panache Beverage'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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Panache Beverage Days Payable Chart

Panache Beverage Annual Data

Trend

Dec07

Dec08

Dec09

Dec10

Dec11

Dec12

Dec13

Days Payable

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292.00

182.50

109.96

143.67

163.58

Panache Beverage Quarterly Data
	Sep09	Dec09	Mar10	Jun10	Sep10	Dec10	Mar11	Jun11	Sep11	Dec11	Mar12	Jun12	Sep12	Dec12	Mar13	Jun13	Sep13	Dec13	Mar14	Jun14
Days Payable	Get a 7-Day Free Trial															112.33	403.44	231.83	213.71	216.32

Competitive Comparison of Panache Beverage's Days Payable

For the Beverages - Wineries & Distilleries subindustry, Panache Beverage'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.

Panache Beverage's Days Payable Distribution in the Beverages - Alcoholic Industry

For the Beverages - Alcoholic industry and Consumer Defensive sector, Panache Beverage's Days Payable distribution charts can be found below:

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

Panache Beverage 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.

Panache Beverage's Days Payable for the fiscal year that ended in Dec. 2013 is calculated as

	Days Payable (A: Dec. 2013 )
=	Average Accounts Payable					/	Cost of Goods Sold	*	Days in Period
=	( (Accounts Payable (A: Dec. 2012 )	+	Accounts Payable (A: Dec. 2013 ))	/	count )	/	Cost of Goods Sold (A: Dec. 2013 )	*	Days in Period
=	( (1.055	+	1.219)	/	2 )	/	2.537	*	365
=	1.137					/	2.537	*	365
=	163.58

Panache Beverage's Days Payable for the quarter that ended in Jun. 2014 is calculated as:

	Days Payable (Q: Jun. 2014 )
=	Average Accounts Payable					/	Cost of Goods Sold	*	Days in Period
=	( (Accounts Payable (Q: Mar. 2014 )	+	Accounts Payable (Q: Jun. 2014 ))	/	count )	/	Cost of Goods Sold (Q: Jun. 2014 )	*	Days in Period
=	( (1.198	+	1.13)	/	2 )	/	0.491	*	365 / 4
=	1.164					/	0.491	*	365 / 4
=	216.32

Panache Beverage Days Payable Related Terms

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Panache Beverage (Panache Beverage) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Consumer Defensive » Beverages - Alcoholic » Panache Beverage Inc (GREY:WDKA) » Definitions » Days Payable

Comparable Companies

Traded in Other Exchanges

N/A

Address

3rd Floor, 150 Fifth Avenue, New York, NY, USA, 10010

Website

http://www.panachespirits.com

Panache Beverage Inc operates in the beverages industry in the United States. The company is engaged in manufacturing of vodka.

Panache Beverage (Panache Beverage) Headlines

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