Pieno zvaigzdes AB (OVSE:PZV1L) Days Payable : 41.57 (As of Dec. 2023)

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What is Pieno zvaigzdes AB Days Payable?

Pieno zvaigzdes AB's average Accounts Payable for the three months ended in Dec. 2023 was €15.7 Mil. Pieno zvaigzdes AB's Cost of Goods Sold for the three months ended in Dec. 2023 was €34.5 Mil. Hence, Pieno zvaigzdes AB's Days Payable for the three months ended in Dec. 2023 was 41.57.

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

OVSE:PZV1L' s Days Payable Range Over the Past 10 Years
Min: 23.22 Med: 33.84 Max: 46.82
Current: 42.41

During the past 13 years, Pieno zvaigzdes AB's highest Days Payable was 46.82. The lowest was 23.22. And the median was 33.84.

OVSE:PZV1L's Days Payable is ranked worse than
53.7% of 1786 companies
in the Consumer Packaged Goods industry
Industry Median: 45.64 vs OVSE:PZV1L: 42.41

Pieno zvaigzdes AB's Days Payable declined from Dec. 2022 (42.02) to Dec. 2023 (41.57). It may suggest that Pieno zvaigzdes AB accelerated paying its suppliers.

Pieno zvaigzdes AB Days Payable Historical Data

The historical data trend for Pieno zvaigzdes AB'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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Pieno zvaigzdes AB Days Payable Chart

Pieno zvaigzdes AB Annual Data

Trend

Dec14

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

Days Payable

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40.86

31.46

34.39

31.34

31.54

Pieno zvaigzdes AB Quarterly Data
	Mar19	Jun19	Sep19	Dec19	Mar20	Jun20	Sep20	Dec20	Mar21	Jun21	Sep21	Dec21	Mar22	Jun22	Sep22	Dec22	Mar23	Jun23	Sep23	Dec23
Days Payable	Get a 7-Day Free Trial															42.02	42.64	48.97	46.66	41.57

Competitive Comparison of Pieno zvaigzdes AB's Days Payable

For the Packaged Foods subindustry, Pieno zvaigzdes AB'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.

Pieno zvaigzdes AB's Days Payable Distribution in the Consumer Packaged Goods Industry

For the Consumer Packaged Goods industry and Consumer Defensive sector, Pieno zvaigzdes AB's Days Payable distribution charts can be found below:

* The bar in red indicates where Pieno zvaigzdes AB's Days Payable falls into.

Pieno zvaigzdes AB 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.

Pieno zvaigzdes AB'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
=	( (13.735	+	11.933)	/	2 )	/	148.5	*	365
=	12.834					/	148.5	*	365
=	31.54

Pieno zvaigzdes AB's Days Payable for the quarter that ended in Dec. 2023 is calculated as:

	Days Payable (Q: Dec. 2023 )
=	Average Accounts Payable					/	Cost of Goods Sold	*	Days in Period
=	( (Accounts Payable (Q: Sep. 2023 )	+	Accounts Payable (Q: Dec. 2023 ))	/	count )	/	Cost of Goods Sold (Q: Dec. 2023 )	*	Days in Period
=	( (19.503	+	11.933)	/	2 )	/	34.501	*	365 / 4
=	15.718					/	34.501	*	365 / 4
=	41.57

Pieno zvaigzdes AB Days Payable Related Terms

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Pieno zvaigzdes AB (OVSE:PZV1L) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Consumer Defensive » Consumer Packaged Goods » Pieno zvaigzdes AB (OVSE:PZV1L) » Definitions » Days Payable

Comparable Companies

Traded in Other Exchanges

N/A

Address

Perkunkiemio Street 3, Vilnius, LTU, LT-12127

Website

https://www.pienozvaigzdes.lt

Pieno zvaigzdes AB is engaged in the production and sales of dairy products to retail stores directly and through distributors. Its reportable segments of the company are cheese, dry dairy products, and fresh dairy products. It derives a majority of its revenue from fresh dairy products. Some of its product categories include Mozzarella; Cultured buttermilk; Greek-style yogurt; Sour cream; Kefir; Fermented cheese; Grain curd and others. Geographically it has a presence in Lithuania, Italy, Germany, Latvia, Great Britain, the USA, Indonesia, Israel, and Other countries. The majority of the revenue comes from Lithuania.

Pieno zvaigzdes AB (OVSE:PZV1L) Headlines

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