Polished.com (Polished.com) Days Payable : 56.16 (As of Sep. 2023)

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What is Polished.com Days Payable?

Polished.com's average Accounts Payable for the three months ended in Sep. 2023 was $38.5 Mil. Polished.com's Cost of Goods Sold for the three months ended in Sep. 2023 was $62.5 Mil. Hence, Polished.com's Days Payable for the three months ended in Sep. 2023 was 56.16.

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

POLCQ' s Days Payable Range Over the Past 10 Years
Min: 29.04 Med: 31.58 Max: 61.59
Current: 61.59

During the past 5 years, Polished.com's highest Days Payable was 61.59. The lowest was 29.04. And the median was 31.58.

POLCQ's Days Payable is ranked better than
53.71% of 1078 companies
in the Retail - Cyclical industry
Industry Median: 56.675 vs POLCQ: 61.59

Polished.com's Days Payable increased from Jun. 2022 (40.84) to Sep. 2023 (56.16). It may suggest that Polished.com delayed paying its suppliers.

Polished.com Days Payable Historical Data

The historical data trend for Polished.com'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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Polished.com Days Payable Chart

Polished.com Annual Data

Trend

Dec18

Dec19

Dec20

Dec21

Dec22

Days Payable

29.04

32.17

31.58

Polished.com Quarterly Data
	Dec18	Mar19	Jun19	Sep19	Dec19	Mar20	Jun20	Sep20	Dec20	Mar21	Jun21	Sep21	Dec21	Mar22	Jun22	Sep22	Dec22	Jun23	Sep23
Days Payable	Get a 7-Day Free Trial														40.84	-	35.15	49.04	56.16

Competitive Comparison of Polished.com's Days Payable

For the Specialty Retail subindustry, Polished.com'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.

Polished.com's Days Payable Distribution in the Retail - Cyclical Industry

For the Retail - Cyclical industry and Consumer Cyclical sector, Polished.com's Days Payable distribution charts can be found below:

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

Polished.com 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.

Polished.com'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
=	( (42.659	+	34.345)	/	2 )	/	444.957	*	365
=	38.502					/	444.957	*	365
=	31.58

Polished.com'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
=	( (38.945	+	38.002)	/	2 )	/	62.513	*	365 / 4
=	38.4735					/	62.513	*	365 / 4
=	56.16

Polished.com Days Payable Related Terms

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Polished.com (Polished.com) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Consumer Cyclical » Retail - Cyclical » Polished.com Inc (OTCPK:POLCQ) » Definitions » Days Payable

Comparable Companies

Traded in Other Exchanges

N/A

Address

1870 Bath Avenue, Brooklyn, NY, USA, 11214

Website

https://www.polished.com

Polished.com Inc is an e-commerce destination for home furnishings, appliances, furniture, home goods, and related products. It sells various products such as refrigerators, ranges, ovens, dishwashers, microwaves, freezers, washers, and dryers. The firm's brand portfolio consists of Bosch, Whirlpool, GE, Maytag, LG, Samsung, Sharp, and Kitchen Aid, among others.

Executives

Houman Akhavan	director	C/O U. S. AUTO PARTS NETWORK, INC., 17150 SOUTH MARGAY AVENUE, CARSON CA 90746
John E. Bunka	officer: Interim CEO	C/O POLISHED.COM INC., 1870 BATH AVENUE, BROOKLYN NY 11214
James M Schneider	director	C/O GAP, INC., 2 FOLSOM ST., SAN FRANCISCO CA 94105
Maria Johnson	officer: Chief Financial Officer	C/O 1847 GOEDEKER INC., 3817 MILLSTONE PARKWAY, ST. CHARLES MO 63301
Albert Fouerti	director	C/O 1847 GOEDEKER INC., 3817 MILLSTONE PARKWAY, ST. CHARLES MO 63301
Clark R. Crosnoe	director	13850 MANCHESTER RD, C/O 1847 GOEDEKER INC.,, BALLWIN MO 63011
Glyn C. Milburn	director	13850 MANCHESTER RD, C/O 1847 GOEDEKER INC., BALLWIN MO 63011
Gary Alan Shaw	director	C/O 1847 GOEDEKER INC., 3817 MILLSTON PARKWAY, ST. CHARLES MO 63301
Selim A Bassoul	director	C/O MIDDLEBY CORP, 1400 TOASTMASTER DRIVE, ELGIN IL 8477413300
Thomas S. Harcum	officer: CMO and CTO	C/O 1847 GOEDEKER INC., 13850 MANCHESTER RD., BALLWIN MO 63011
Alan P. Shor	director	C/O 1847 GOEDEKER INC., 3817 MILLSTONE PARKWAY, ST. CHARLES MO 63301
Jacob Guilhas	officer: VP of Logistics	13850 MANCHESTER RD., BALLWIN MO 63011
1847 Holdings Llc	10 percent owner	590 MADISON AVENUE, 21ST FLOOR, NEW YORK NY 10022
Edward Tobin	director	C/O GEM SURGILIGHT INVESTORS, LLC, 9 WEST 57TH STREET, 46TH FLOOR, NEW YORK NY 10022
1847 Goedeker Holdco Inc.	10 percent owner	13850 MANCHESTER RD., BALLWIN MO 63011