Polaris IT Group (WAR:PIT) Days Payable : 180.84 (As of Mar. 2024)

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What is Polaris IT Group Days Payable?

Polaris IT Group's average Accounts Payable for the three months ended in Mar. 2024 was zł2.39 Mil. Polaris IT Group's Cost of Goods Sold for the three months ended in Mar. 2024 was zł1.21 Mil. Hence, Polaris IT Group's Days Payable for the three months ended in Mar. 2024 was 180.84.

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

WAR:PIT' s Days Payable Range Over the Past 10 Years
Min: 91.83 Med: 140.87 Max: 10585
Current: 151.73

During the past 13 years, Polaris IT Group's highest Days Payable was 10585.00. The lowest was 91.83. And the median was 140.87.

WAR:PIT's Days Payable is ranked better than
86.59% of 1081 companies
in the Retail - Cyclical industry
Industry Median: 56.64 vs WAR:PIT: 151.73

Polaris IT Group's Days Payable declined from Mar. 2023 (227.29) to Mar. 2024 (180.84). It may suggest that Polaris IT Group accelerated paying its suppliers.

Polaris IT Group Days Payable Historical Data

The historical data trend for Polaris IT Group'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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Polaris IT Group Days Payable Chart

Polaris IT Group Annual Data

Trend

Dec13

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

Days Payable

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140.87

116.40

154.70

132.03

Polaris IT Group Quarterly Data
	Jun19	Sep19	Dec19	Mar20	Jun20	Sep20	Dec20	Mar21	Jun21	Sep21	Dec21	Mar22	Jun22	Sep22	Dec22	Mar23	Jun23	Sep23	Dec23	Mar24
Days Payable	Get a 7-Day Free Trial															227.29	-	-	72.31	180.84

Competitive Comparison of Polaris IT Group's Days Payable

For the Luxury Goods subindustry, Polaris IT Group'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.

Polaris IT Group's Days Payable Distribution in the Retail - Cyclical Industry

For the Retail - Cyclical industry and Consumer Cyclical sector, Polaris IT Group's Days Payable distribution charts can be found below:

* The bar in red indicates where Polaris IT Group's Days Payable falls into.

Polaris IT Group 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.

Polaris IT Group'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
=	( (7.363	+	2.39)	/	2 )	/	13.481	*	365
=	4.8765					/	13.481	*	365
=	132.03

Polaris IT Group's Days Payable for the quarter that ended in Mar. 2024 is calculated as:

	Days Payable (Q: Mar. 2024 )
=	Average Accounts Payable					/	Cost of Goods Sold	*	Days in Period
=	( (Accounts Payable (Q: Dec. 2023 )	+	Accounts Payable (Q: Mar. 2024 ))	/	count )	/	Cost of Goods Sold (Q: Mar. 2024 )	*	Days in Period
=	( (2.39	+	0)	/	1 )	/	1.206	*	365 / 4
=	2.39					/	1.206	*	365 / 4
=	180.84

Polaris IT Group Days Payable Related Terms

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Polaris IT Group (WAR:PIT) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Consumer Cyclical » Retail - Cyclical » Polaris IT Group SA (WAR:PIT) » Definitions » Days Payable

Comparable Companies

Traded in Other Exchanges

N/A

Address

ul. Swieradowska 47, Warsaw, POL, 02-662

Website

http://www.polarisitgroup.com

Polaris IT Group SA, formerly Ark Royal SA is engaged in the field of export of goods and services. The company intends to be an information technology company providing solutions based on artificial intelligence and complex hardware and software solutions.