Planet Fitness Inc (PLNT)
Number of days of payables
| Dec 31, 2023 | Sep 30, 2023 | Jun 30, 2023 | Mar 31, 2023 | Dec 31, 2022 | Sep 30, 2022 | Jun 30, 2022 | Mar 31, 2022 | Dec 31, 2021 | Sep 30, 2021 | Jun 30, 2021 | Mar 31, 2021 | Dec 31, 2020 | Sep 30, 2020 | Jun 30, 2020 | Mar 31, 2020 | Dec 31, 2019 | Sep 30, 2019 | Jun 30, 2019 | Mar 31, 2019 | ||
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Payables turnover | 7.99 | 7.27 | 6.83 | 10.27 | 8.61 | 13.87 | 12.85 | 11.29 | 9.26 | 9.28 | 10.46 | 12.33 | 9.97 | 5.31 | 11.86 | 4.83 | 9.14 | 8.58 | 11.57 | 7.40 | |
| Number of days of payables | days | 45.69 | 50.18 | 53.47 | 35.54 | 42.39 | 26.31 | 28.40 | 32.32 | 39.41 | 39.35 | 34.90 | 29.61 | 36.60 | 68.77 | 30.78 | 75.57 | 39.92 | 42.55 | 31.55 | 49.33 |
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 shown some variability over the past eight quarters. In Q4 2023, the number of days of payables was 45.69 days, indicating that, on average, the company takes approximately 45.69 days to pay its suppliers.
Comparing this to previous quarters, we observe a decreasing trend from Q2 2023 (53.47 days) to Q4 2023, suggesting that the company may be managing its payables more efficiently during this period.
However, it is important to note that the number of days of payables can fluctuate for various reasons, such as changes in payment terms with suppliers or alterations in the company's financial position. Therefore, further analysis and monitoring of this metric in conjunction with other financial ratios are recommended to get a comprehensive understanding of Planet Fitness Inc's financial performance and operational efficiency.