Planet Fitness Inc (PLNT)
Number of days of payables
| Dec 31, 2024 | Sep 30, 2024 | Jun 30, 2024 | Mar 31, 2024 | 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 | ||
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Payables turnover | 5.99 | 5.47 | 6.13 | 9.22 | 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 | |
| Number of days of payables | days | 60.90 | 66.76 | 59.57 | 39.57 | 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 |
December 31, 2024 calculation
Number of days of payables = 365 ÷ Payables turnover
= 365 ÷ 5.99
= 60.90
The number of days of payables for Planet Fitness Inc has exhibited fluctuations over the periods provided. Based on the data, the company's number of days of payables ranged from a high of 75.57 days on March 31, 2020, to a low of 26.31 days on September 30, 2022.
The trend shows some variability in the payment period to suppliers, ranging from 26 to 75 days. Notably, there was a downward trend from March 2020 to June 2022, with the number of days of payables decreasing from 75.57 days to 26.31 days. However, there was an increase in payables days from June 2022 to December 2024, with the number of days of payables rising to 60.90 days.
It is important to analyze the reasons behind these fluctuations, as a shorter period may indicate more efficient management of trade payables, while a longer period may signal potential liquidity issues or stretched relationships with suppliers. Further insights into the company's payables management strategies and overall financial health would provide a more comprehensive understanding of the implications of these trends.