Planet Fitness Inc (PLNT)
Number of days of payables
| Dec 31, 2023 | Dec 31, 2022 | Dec 31, 2021 | Dec 31, 2020 | Dec 31, 2019 | ||
|---|---|---|---|---|---|---|
| Payables turnover | 7.99 | 8.61 | 9.26 | 9.97 | 9.14 | |
| Number of days of payables | days | 45.69 | 42.39 | 39.41 | 36.60 | 39.92 |
December 31, 2023 calculation
Number of days of payables = 365 ÷ Payables turnover
= 365 ÷ 7.99
= 45.69
The number of days of payables for Planet Fitness Inc has fluctuated over the past five years. In 2023, the company took approximately 45.69 days to pay its suppliers, which increased from 42.39 days in 2022. This indicates a slight deterioration in the company's ability to settle its payables promptly.
Compared to 2021 and 2020, where the number of days of payables was significantly higher at 100.80 days and 99.73 days respectively, the company has made improvements in managing its payables more efficiently in recent years.
However, the number of days of payables in 2019 was relatively lower at 39.92 days compared to 2023, indicating a possible change in payment terms or cash flow management strategies during that period. Overall, the trend suggests that Planet Fitness Inc has been working to optimize its payables management over the years.