McRae Industries (McRae Industries) Days Payable : 14.65 (As of Jul. 2023)

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What is McRae Industries Days Payable?

McRae Industries's average Accounts Payable for the six months ended in Jul. 2023 was $3.6 Mil. McRae Industries's Cost of Goods Sold for the six months ended in Jul. 2023 was $90.8 Mil. Hence, McRae Industries's Days Payable for the six months ended in Jul. 2023 was 7.33.

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

MCRAA' s Days Payable Range Over the Past 10 Years
Min: 14.65 Med: 27.33 Max: 38.8
Current: 14.65

During the past 13 years, McRae Industries's highest Days Payable was 38.80. The lowest was 14.65. And the median was 27.33.

MCRAA's Days Payable is ranked worse than
91.12% of 1025 companies
in the Manufacturing - Apparel & Accessories industry
Industry Median: 56.44 vs MCRAA: 14.65

McRae Industries's Days Payable declined from Jul. 2021 (23.00) to Jul. 2023 (14.65). It may suggest that McRae Industries accelerated paying its suppliers.

McRae Industries Days Payable Historical Data

The historical data trend for McRae 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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McRae Industries Days Payable Chart

McRae Industries Annual Data

Trend

Jul99

Jul00

Jul01

Jul02

Jul03

Jul04

Jul05

Jul21

Jul22

Jul23

Days Payable

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23.84

32.40

23.00

21.34

14.65

McRae Industries Semi-Annual Data
	Jul89	Jul90	Jul91	Jul92	Jul93	Jul94	Jul95	Jul96	Jul97	Jul98	Jul99	Jul00	Jul01	Jul02	Jul03	Jul04	Jul05	Jul21	Jul22	Jul23
Days Payable	Get a 7-Day Free Trial															23.84	32.40	23.00	21.34	14.65

Competitive Comparison of McRae Industries's Days Payable

For the Footwear & Accessories subindustry, McRae 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.

McRae Industries's Days Payable Distribution in the Manufacturing - Apparel & Accessories Industry

For the Manufacturing - Apparel & Accessories industry and Consumer Cyclical sector, McRae Industries's Days Payable distribution charts can be found below:

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

McRae 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.

McRae Industries's Days Payable for the fiscal year that ended in Jul. 2023 is calculated as

	Days Payable (A: Jul. 2023 )
=	Average Accounts Payable					/	Cost of Goods Sold	*	Days in Period
=	( (Accounts Payable (A: Jul. 2022 )	+	Accounts Payable (A: Jul. 2023 ))	/	count )	/	Cost of Goods Sold (A: Jul. 2023 )	*	Days in Period
=	( (5.168	+	2.122)	/	2 )	/	90.808	*	365
=	3.645					/	90.808	*	365
=	14.65

McRae Industries's Days Payable for the quarter that ended in Jul. 2023 is calculated as:

	Days Payable (Q: Jul. 2023 )
=	Average Accounts Payable					/	Cost of Goods Sold	*	Days in Period
=	( (Accounts Payable (Q: Jul. 2022 )	+	Accounts Payable (Q: Jul. 2023 ))	/	count )	/	Cost of Goods Sold (Q: Jul. 2023 )	*	Days in Period
=	( (5.168	+	2.122)	/	2 )	/	90.808	*	365 / 2
=	3.645					/	90.808	*	365 / 2
=	7.33

McRae Industries Days Payable Related Terms

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McRae Industries (McRae Industries) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Consumer Cyclical » Manufacturing - Apparel & Accessories » McRae Industries Inc (OTCPK:MCRAA) » Definitions » Days Payable

Comparable Companies

Traded in Other Exchanges

MCRAB:USA

Address

400 North Main Street, P.O. Box 1239, Mount Gilead, NC, USA, 27306

Website

http://www.mcraeindustries.com

McRae Industries Inc operates in the footwear industry. Its principal lines of business are manufacturing and selling military combat boots and importing and selling western and work boots. It operates through the Western and Lifestyle Segments. The Western and Lifestyle segment, which is the key revenue driver, includes western, ladies fashion, and children's footwear products under the Dan Post, Dingo, and Laredo Western Boots brand names.