FGI Industries (FGI Industries) Days Payable : 66.18 (As of Dec. 2023)

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What is FGI Industries Days Payable?

FGI Industries's average Accounts Payable for the three months ended in Dec. 2023 was $15.9 Mil. FGI Industries's Cost of Goods Sold for the three months ended in Dec. 2023 was $21.9 Mil. Hence, FGI Industries's Days Payable for the three months ended in Dec. 2023 was 66.18.

The historical rank and industry rank for FGI Industries's Days Payable or its related term are showing as below:

FGI' s Days Payable Range Over the Past 10 Years
Min: 59.55 Med: 62.79 Max: 65.64
Current: 59.55

During the past 5 years, FGI Industries's highest Days Payable was 65.64. The lowest was 59.55. And the median was 62.79.

FGI's Days Payable is ranked worse than
55.64% of 408 companies
in the Furnishings, Fixtures & Appliances industry
Industry Median: 66.11 vs FGI: 59.55

FGI Industries's Days Payable increased from Dec. 2022 (54.88) to Dec. 2023 (66.18). It may suggest that FGI Industries delayed paying its suppliers.

FGI Industries Days Payable Historical Data

The historical data trend for FGI Industries'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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FGI Industries Days Payable Chart

FGI Industries Annual Data

Trend

Dec19

Dec20

Dec21

Dec22

Dec23

Days Payable

60.43

62.09

62.79

65.64

64.46

FGI Industries Quarterly Data
	Dec19	Sep20	Dec20	Mar21	Jun21	Sep21	Dec21	Mar22	Jun22	Sep22	Dec22	Mar23	Jun23	Sep23	Dec23
Days Payable	Get a 7-Day Free Trial										54.88	53.83	49.24	63.30	66.18

Competitive Comparison of FGI Industries's Days Payable

For the Furnishings, Fixtures & Appliances subindustry, FGI Industries'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.

FGI Industries's Days Payable Distribution in the Furnishings, Fixtures & Appliances Industry

For the Furnishings, Fixtures & Appliances industry and Consumer Cyclical sector, FGI Industries's Days Payable distribution charts can be found below:

* The bar in red indicates where FGI Industries's Days Payable falls into.

FGI Industries 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.

FGI Industries'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
=	( (14.823	+	15.26)	/	2 )	/	85.165	*	365
=	15.0415					/	85.165	*	365
=	64.46

FGI Industries'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: Sep. 2023 )	+	Accounts Payable (Q: Dec. 2023 ))	/	count )	/	Cost of Goods Sold (Q: Dec. 2023 )	*	Days in Period
=	( (16.539	+	15.26)	/	2 )	/	21.922	*	365 / 4
=	15.8995					/	21.922	*	365 / 4
=	66.18

FGI Industries Days Payable Related Terms

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FGI Industries (FGI Industries) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Consumer Cyclical » Furnishings, Fixtures & Appliances » FGI Industries Ltd (NAS:FGI) » Definitions » Days Payable

Comparable Companies

Traded in Other Exchanges

N/A

Address

906 Murray Road, East Hanover, NJ, USA, 07869

Website

https://www.fgi-industries.com

FGI Industries Ltd is a supplier of kitchen and bath products. It offers sanitaryware, bath furniture, shower systems, customer kitchen cabinetry, and other accessory items. It is business to business supplier of bath and kitchen products to large retail, wholesale, commercial, and specialty channel customers around the globe. its revenue is generated by sanitaryware. Geographically it operates in the United States, Canada, Europe, Rest of the World, and the majority of its revenue comes from the United States.

Executives

Todd M. Heysse	director	906 MURRAY ROAD, EAST HANOVER NJ 07869
Myong Jae Chung	director	906 MURRAY ROAD, EAST HANOVER NJ 07869
Kellie Z. Weir	director	906 MURRAY ROAD, EAST HANOVER NJ 07869
John Shu-nan Chen	director, officer: Executive Chairman	906 MURRAY ROAD, EAST HANOVER NJ 07869
David E. Bruce	director, officer: Chief Executive Officer	906 MURRAY ROAD, EAST HANOVER NJ 07869
Jennifer Earl	officer: Executive VP, Canada	906 MURRAY ROAD, EAST HANOVER NJ 07869
Perry Lin	officer: Chief Financial Officer	906 MURRAY ROAD, EAST HANOVER NJ 07869
Robert Kermelewicz	officer: Executive VP, United States	906 MURRAY ROAD, EAST HANOVER NJ 07869
Foremost Groups Ltd	10 percent owner	906 MURRAY ROAD, EAST HANOVER NJ 07869
Norman Kroenke	officer: Executive VP, Europe	906 MURRAY ROAD, EAST HANOVER NJ 07869