Planet Based Foods Global (XCNQ:PBF) Days Payable : 582.37 (As of Sep. 2023)

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What is Planet Based Foods Global Days Payable?

Planet Based Foods Global's average Accounts Payable for the three months ended in Sep. 2023 was C$0.79 Mil. Planet Based Foods Global's Cost of Goods Sold for the three months ended in Sep. 2023 was C$0.12 Mil. Hence, Planet Based Foods Global's Days Payable for the three months ended in Sep. 2023 was 582.37.

The historical rank and industry rank for Planet Based Foods Global's Days Payable or its related term are showing as below:

XCNQ:PBF' s Days Payable Range Over the Past 10 Years
Min: 304.89 Med: 478.92 Max: 478.92
Current: 304.89

During the past 2 years, Planet Based Foods Global's highest Days Payable was 478.92. The lowest was 304.89. And the median was 478.92.

XCNQ:PBF's Days Payable is ranked better than
89.32% of 974 companies
in the Drug Manufacturers industry
Industry Median: 87.765 vs XCNQ:PBF: 304.89

Planet Based Foods Global's Days Payable declined from Sep. 2022 (1,762.27) to Sep. 2023 (582.37). It may suggest that Planet Based Foods Global accelerated paying its suppliers.

Planet Based Foods Global Days Payable Historical Data

The historical data trend for Planet Based Foods Global'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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Planet Based Foods Global Days Payable Chart

Planet Based Foods Global Annual Data

Trend

Dec21

Dec22

Days Payable

478.92

Planet Based Foods Global Quarterly Data
	Dec21	Mar22	Jun22	Sep22	Dec22	Mar23	Jun23	Sep23
Days Payable	Get a 7-Day Free Trial			1,762.27	124.28	380.59	417.25	582.37

Competitive Comparison of Planet Based Foods Global's Days Payable

For the Drug Manufacturers - Specialty & Generic subindustry, Planet Based Foods Global'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.

Planet Based Foods Global's Days Payable Distribution in the Drug Manufacturers Industry

For the Drug Manufacturers industry and Healthcare sector, Planet Based Foods Global's Days Payable distribution charts can be found below:

* The bar in red indicates where Planet Based Foods Global's Days Payable falls into.

Planet Based Foods Global 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.

Planet Based Foods Global'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
=	( (0.209	+	0.636)	/	2 )	/	0.322	*	365
=	0.4225					/	0.322	*	365
=	478.92

Planet Based Foods Global'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
=	( (0.705	+	0.865)	/	2 )	/	0.123	*	365 / 4
=	0.785					/	0.123	*	365 / 4
=	582.37

Planet Based Foods Global Days Payable Related Terms

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Planet Based Foods Global (XCNQ:PBF) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Healthcare » Drug Manufacturers » Planet Based Foods Global Inc (XCNQ:PBF) » Definitions » Days Payable

Comparable Companies

Traded in Other Exchanges

PBFFF:USA AZ00:Germany

Address

1055 West Hastings Street, Suite 2250, Vancouver, BC, CAN, V6E 2E9

Website

https://www.planetbasedfoods.com

Planet Based Foods Global Inc is focused on producing natural, low processed, and nutritional choices that are better for people and the planet. The Company currently offers vegan meat alternatives derived from hemp proteins including burgers, breakfast sausages, burger crumbles, and sausage crumbles.