Pittards (LSE:PTD) Days Payable : 96.43 (As of Jun. 2022)

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What is Pittards Days Payable?

Pittards's average Accounts Payable for the six months ended in Jun. 2022 was £3.85 Mil. Pittards's Cost of Goods Sold for the six months ended in Jun. 2022 was £7.28 Mil. Hence, Pittards's Days Payable for the six months ended in Jun. 2022 was 96.43.

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

LSE:PTD's Days Payable is not ranked ^*
in the Manufacturing - Apparel & Accessories industry.
Industry Median: 57.25
* Ranked among companies with meaningful Days Payable only.

Pittards's Days Payable increased from Jun. 2021 (74.14) to Jun. 2022 (96.43). It may suggest that Pittards delayed paying its suppliers.

Pittards Days Payable Historical Data

The historical data trend for Pittards'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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Pittards Days Payable Chart

Pittards Annual Data

Trend

Dec12

Dec13

Dec14

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Days Payable

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49.93

46.63

57.27

67.85

63.94

Pittards Semi-Annual Data
	Dec12	Jun13	Dec13	Jun14	Dec14	Jun15	Dec15	Jun16	Dec16	Jun17	Dec17	Jun18	Dec18	Jun19	Dec19	Jun20	Dec20	Jun21	Dec21	Jun22
Days Payable	Get a 7-Day Free Trial															96.58	73.28	74.14	84.46	96.43

Competitive Comparison of Pittards's Days Payable

For the Footwear & Accessories subindustry, Pittards'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.

Pittards's Days Payable Distribution in the Manufacturing - Apparel & Accessories Industry

For the Manufacturing - Apparel & Accessories industry and Consumer Cyclical sector, Pittards's Days Payable distribution charts can be found below:

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

Pittards 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.

Pittards's Days Payable for the fiscal year that ended in Dec. 2021 is calculated as

	Days Payable (A: Dec. 2021 )
=	Average Accounts Payable					/	Cost of Goods Sold	*	Days in Period
=	( (Accounts Payable (A: Dec. 2020 )	+	Accounts Payable (A: Dec. 2021 ))	/	count )	/	Cost of Goods Sold (A: Dec. 2021 )	*	Days in Period
=	( (1.969	+	3.005)	/	2 )	/	14.198	*	365
=	2.487					/	14.198	*	365
=	63.94

Pittards's Days Payable for the quarter that ended in Jun. 2022 is calculated as:

	Days Payable (Q: Jun. 2022 )
=	Average Accounts Payable					/	Cost of Goods Sold	*	Days in Period
=	( (Accounts Payable (Q: Dec. 2021 )	+	Accounts Payable (Q: Jun. 2022 ))	/	count )	/	Cost of Goods Sold (Q: Jun. 2022 )	*	Days in Period
=	( (3.005	+	4.688)	/	2 )	/	7.28	*	365 / 2
=	3.8465					/	7.28	*	365 / 2
=	96.43

Pittards Days Payable Related Terms

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Pittards (LSE:PTD) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Consumer Cyclical » Manufacturing - Apparel & Accessories » Pittards PLC (LSE:PTD) » Definitions » Days Payable

Comparable Companies

Traded in Other Exchanges

N/A

Address

Sherborne Road, Yeovil, Somerset, GBR, BA21 5BA

Website

https://www.pittards.com

Pittards PLC is a UK-based leather and leather products manufacturer. The company engages in the designing, producing, and procuring advanced leather for sale to manufacturers and distributors of shoes, gloves, luxury leather goods, interiors, and sports equipment. It also supplies to the leather retailer and leather garments manufacturers. The company operates in two segments UK Division and Ethiopia Division. It serves a variety of industries which include fashion, military and services, interiors, sports, and consumer electronics. The company derives most of its revenues from the UK Division of business.

Pittards (LSE:PTD) Headlines

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