Planet Payables Turnover from 2010 to 2024

PLNT Stock  USD 100.12  1.84  1.87%   
Planet Fitness Payables Turnover yearly trend continues to be comparatively stable with very little volatility. Payables Turnover is likely to outpace its year average in 2024. Payables Turnover is a liquidity ratio that shows how quickly Planet Fitness pays off its suppliers by dividing total purchases by average accounts payable. View All Fundamentals
 
Payables Turnover  
First Reported
2010-12-31
Previous Quarter
27.87762738
Current Value
29.27
Quarterly Volatility
8.49876217
 
Credit Downgrade
 
Yuan Drop
 
Covid
Check Planet Fitness financial statements over time to gain insight into future company performance. You can evaluate financial statements to find patterns among Planet Fitness' main balance sheet or income statement drivers, such as Depreciation And Amortization of 156.9 M, Selling General Administrative of 66.1 M or Selling And Marketing Expenses of 44.3 M, as well as many indicators such as Price To Sales Ratio of 5.33, Dividend Yield of 8.0E-4 or Days Sales Outstanding of 34.69. Planet financial statements analysis is a perfect complement when working with Planet Fitness Valuation or Volatility modules.
  
Check out the analysis of Planet Fitness Correlation against competitors.
For more information on how to buy Planet Stock please use our How to Invest in Planet Fitness guide.

Latest Planet Fitness' Payables Turnover Growth Pattern

Below is the plot of the Payables Turnover of Planet Fitness over the last few years. It is a liquidity ratio that shows how quickly a company pays off its suppliers by dividing total purchases by average accounts payable. Planet Fitness' Payables Turnover historical data analysis aims to capture in quantitative terms the overall pattern of either growth or decline in Planet Fitness' overall financial position and show how it may be relating to other accounts over time.
Payables Turnover10 Years Trend
Slightly volatile
   Payables Turnover   
       Timeline  

Planet Payables Turnover Regression Statistics

Arithmetic Mean11.37
Geometric Mean9.15
Coefficient Of Variation74.76
Mean Deviation6.63
Median7.14
Standard Deviation8.50
Sample Variance72.23
Range24.4479
R-Value0.85
Mean Square Error21.09
R-Squared0.73
Significance0.000051
Slope1.62
Total Sum of Squares1,011

Planet Payables Turnover History

2024 29.27
2023 27.88
2022 22.49
2021 9.72
2020 11.35
2019 15.55
2018 9.21

About Planet Fitness Financial Statements

Planet Fitness shareholders use historical fundamental indicators, such as Payables Turnover, to determine how well the company is positioned to perform in the future. Although Planet Fitness investors may analyze each financial statement separately, they are all interrelated. The changes in Planet Fitness' assets and liabilities, for example, are also reflected in the revenues and expenses on on Planet Fitness' income statement. Understanding these patterns can help investors time the market effectively. Please read more on our fundamental analysis page.
Last ReportedProjected for Next Year
Payables Turnover 27.88  29.27 

Thematic Opportunities

Explore Investment Opportunities

Build portfolios using Macroaxis predefined set of investing ideas. Many of Macroaxis investing ideas can easily outperform a given market. Ideas can also be optimized per your risk profile before portfolio origination is invoked. Macroaxis thematic optimization helps investors identify companies most likely to benefit from changes or shifts in various micro-economic or local macro-level trends. Originating optimal thematic portfolios involves aligning investors' personal views, ideas, and beliefs with their actual investments.
Explore Investing Ideas  

Additional Tools for Planet Stock Analysis

When running Planet Fitness' price analysis, check to measure Planet Fitness' market volatility, profitability, liquidity, solvency, efficiency, growth potential, financial leverage, and other vital indicators. We have many different tools that can be utilized to determine how healthy Planet Fitness is operating at the current time. Most of Planet Fitness' value examination focuses on studying past and present price action to predict the probability of Planet Fitness' future price movements. You can analyze the entity against its peers and the financial market as a whole to determine factors that move Planet Fitness' price. Additionally, you may evaluate how the addition of Planet Fitness to your portfolios can decrease your overall portfolio volatility.