Planet Image International (Planet Image International) Days Payable : 85.97 (As of Dec. 2023)

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What is Planet Image International Days Payable?

Planet Image International's average Accounts Payable for the six months ended in Dec. 2023 was $22.8 Mil. Planet Image International's Cost of Goods Sold for the six months ended in Dec. 2023 was $48.3 Mil. Hence, Planet Image International's Days Payable for the six months ended in Dec. 2023 was 85.97.

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

YIBO' s Days Payable Range Over the Past 10 Years
Min: 80.72 Med: 141.72 Max: 150.33
Current: 84.51

During the past 5 years, Planet Image International's highest Days Payable was 150.33. The lowest was 80.72. And the median was 141.72.

YIBO's Days Payable is ranked better than
62.21% of 2421 companies
in the Hardware industry
Industry Median: 67.93 vs YIBO: 84.51

Planet Image International's Days Payable increased from Dec. 2022 (74.48) to Dec. 2023 (85.97). It may suggest that Planet Image International delayed paying its suppliers.

Planet Image International Days Payable Historical Data

The historical data trend for Planet Image International'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 Image International Days Payable Chart

Planet Image International Annual Data

Trend

Dec19

Dec20

Dec21

Dec22

Dec23

Days Payable

141.72

150.33

150.23

107.32

80.72

Planet Image International Semi-Annual Data
	Dec19	Jun20	Dec20	Jun21	Dec21	Jun22	Dec22	Jun23	Dec23
Days Payable	Get a 7-Day Free Trial				117.13	140.44	74.48	86.88	85.97

Competitive Comparison of Planet Image International's Days Payable

For the Computer Hardware subindustry, Planet Image International'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 Image International's Days Payable Distribution in the Hardware Industry

For the Hardware industry and Technology sector, Planet Image International's Days Payable distribution charts can be found below:

* The bar in red indicates where Planet Image International's Days Payable falls into.

Planet Image International 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 Image International'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
=	( (17.848	+	22.513)	/	2 )	/	91.251	*	365
=	20.1805					/	91.251	*	365
=	80.72

Planet Image International'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: Jun. 2023 )	+	Accounts Payable (Q: Dec. 2023 ))	/	count )	/	Cost of Goods Sold (Q: Dec. 2023 )	*	Days in Period
=	( (23.02	+	22.513)	/	2 )	/	48.328	*	365 / 2
=	22.7665					/	48.328	*	365 / 2
=	85.97

Planet Image International Days Payable Related Terms

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Planet Image International (Planet Image International) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Technology » Hardware » Planet Image International Ltd (NAS:YIBO) » Definitions » Days Payable

Comparable Companies

Traded in Other Exchanges

N/A

Address

No. 756 Guangfu Road, Hi-tech Development Zone, Jiangxi Province, Xinyu, CHN

Website

http://www.goaster.com

Planet Image International Ltd is engaged in manufacturing and selling compatible toner cartridges. It develops and manufactures toner cartridges that are compatible with, and can be used in, a wide range of commonly available models of laser printers from different manufacturers, or compatible toner cartridges, on a white-label or third-party brand basis or under its self-owned brands. The company also sells its branded products through online sales channels under three brands, TrueImage, CoolToner, and AZtech.

Planet Image International (Planet Image International) Headlines

From GuruFocus

Planet Image International Limited Announces Pricing of Initial Public Offering

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