Comfort Gloves Bhd (XKLS:2127) Days Payable : 48.59 (As of Dec. 2023)

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What is Comfort Gloves Bhd Days Payable?

Comfort Gloves Bhd's average Accounts Payable for the three months ended in Dec. 2023 was RM32.0 Mil. Comfort Gloves Bhd's Cost of Goods Sold for the three months ended in Dec. 2023 was RM60.0 Mil. Hence, Comfort Gloves Bhd's Days Payable for the three months ended in Dec. 2023 was 48.59.

The historical rank and industry rank for Comfort Gloves Bhd's Days Payable or its related term are showing as below:

XKLS:2127' s Days Payable Range Over the Past 10 Years
Min: 19.28 Med: 31.86 Max: 39.32
Current: 37.99

During the past 13 years, Comfort Gloves Bhd's highest Days Payable was 39.32. The lowest was 19.28. And the median was 31.86.

XKLS:2127's Days Payable is ranked worse than
78.2% of 789 companies
in the Medical Devices & Instruments industry
Industry Median: 72.79 vs XKLS:2127: 37.99

Comfort Gloves Bhd's Days Payable increased from Dec. 2022 (28.47) to Dec. 2023 (48.59). It may suggest that Comfort Gloves Bhd delayed paying its suppliers.

Comfort Gloves Bhd Days Payable Historical Data

The historical data trend for Comfort Gloves Bhd'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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Comfort Gloves Bhd Days Payable Chart

Comfort Gloves Bhd Annual Data

Trend

Jan14

Jan15

Jan16

Jan17

Jan18

Jan19

Jan20

Jan21

Dec22

Dec23

Days Payable

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37.56

39.32

28.65

19.28

23.12

Comfort Gloves Bhd Quarterly Data
	Jan19	Apr19	Jul19	Oct19	Jan20	Apr20	Jul20	Oct20	Jan21	Apr21	Jul21	Oct21	Mar22	Jun22	Sep22	Dec22	Mar23	Jun23	Sep23	Dec23
Days Payable	Get a 7-Day Free Trial															28.47	29.21	43.34	53.94	48.59

Competitive Comparison of Comfort Gloves Bhd's Days Payable

For the Medical Instruments & Supplies subindustry, Comfort Gloves Bhd'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.

Comfort Gloves Bhd's Days Payable Distribution in the Medical Devices & Instruments Industry

For the Medical Devices & Instruments industry and Healthcare sector, Comfort Gloves Bhd's Days Payable distribution charts can be found below:

* The bar in red indicates where Comfort Gloves Bhd's Days Payable falls into.

Comfort Gloves Bhd 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.

Comfort Gloves Bhd'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
=	( (24.199	+	20.102)	/	2 )	/	349.752	*	365
=	22.1505					/	349.752	*	365
=	23.12

Comfort Gloves Bhd'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
=	( (43.838	+	20.102)	/	2 )	/	60.044	*	365 / 4
=	31.97					/	60.044	*	365 / 4
=	48.59

Comfort Gloves Bhd Days Payable Related Terms

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Comfort Gloves Bhd (XKLS:2127) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Healthcare » Medical Devices & Instruments » Comfort Gloves Bhd (XKLS:2127) » Definitions » Days Payable

Comparable Companies

Traded in Other Exchanges

N/A

Address

Lot 821, Jalan Matang, Matang, Taiping, PRK, MYS, 34750

Website

https://www.comfort-rubber.com.my

Comfort Gloves Bhd is engaged in the manufacture and trading of natural and synthetic specialty examination gloves. It has four segments. The manufacturing segment, which is the key revenue driver, is engaged in the manufacture and trading of latex gloves. The investment holding segment comprises investment holding and the provision of management services. Its Trading segment is involved in the trading of latex gloves. The company has two manufacturing plants located in Simpang and Matang, Taiping. Its key markets are Malaysia, the United States of America and Canada, Asia, Europe, and others.

Comfort Gloves Bhd (XKLS:2127) Headlines

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