Karo Leather (XPRA:KARIN) Days Payable : 47.85 (As of Dec. 2022)

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What is Karo Leather Days Payable?

Karo Leather's average Accounts Payable for the six months ended in Dec. 2022 was Kč20.5 Mil. Karo Leather's Cost of Goods Sold for the six months ended in Dec. 2022 was Kč156.1 Mil. Hence, Karo Leather's Days Payable for the six months ended in Dec. 2022 was 23.93.

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

XPRA:KARIN' s Days Payable Range Over the Past 10 Years
Min: 3.84 Med: 34.04 Max: 57.72
Current: 47.85

During the past 5 years, Karo Leather's highest Days Payable was 57.72. The lowest was 3.84. And the median was 34.04.

XPRA:KARIN's Days Payable is ranked worse than
57% of 1021 companies
in the Manufacturing - Apparel & Accessories industry
Industry Median: 56.86 vs XPRA:KARIN: 47.85

Karo Leather's Days Payable increased from Dec. 2020 (20.23) to Dec. 2022 (47.85). It may suggest that Karo Leather delayed paying its suppliers.

Karo Leather Days Payable Historical Data

The historical data trend for Karo Leather'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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Karo Leather Days Payable Chart

Karo Leather Annual Data

Trend

Dec18

Dec19

Dec20

Dec21

Dec22

Days Payable

3.84

20.23

57.72

47.85

Karo Leather Semi-Annual Data
	Dec18	Dec19	Dec20	Dec21	Dec22
Days Payable	-	3.84	20.23	57.72	47.85

Competitive Comparison of Karo Leather's Days Payable

For the Textile Manufacturing subindustry, Karo Leather'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.

Karo Leather's Days Payable Distribution in the Manufacturing - Apparel & Accessories Industry

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

* The bar in red indicates where Karo Leather's Days Payable falls into.

Karo Leather 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.

Karo Leather's Days Payable for the fiscal year that ended in Dec. 2022 is calculated as

	Days Payable (A: Dec. 2022 )
=	Average Accounts Payable					/	Cost of Goods Sold	*	Days in Period
=	( (Accounts Payable (A: Dec. 2021 )	+	Accounts Payable (A: Dec. 2022 ))	/	count )	/	Cost of Goods Sold (A: Dec. 2022 )	*	Days in Period
=	( (21.351	+	19.583)	/	2 )	/	156.12	*	365
=	20.467					/	156.12	*	365
=	47.85

Karo Leather's Days Payable for the quarter that ended in Dec. 2022 is calculated as:

	Days Payable (Q: Dec. 2022 )
=	Average Accounts Payable					/	Cost of Goods Sold	*	Days in Period
=	( (Accounts Payable (Q: Dec. 2021 )	+	Accounts Payable (Q: Dec. 2022 ))	/	count )	/	Cost of Goods Sold (Q: Dec. 2022 )	*	Days in Period
=	( (21.351	+	19.583)	/	2 )	/	156.12	*	365 / 2
=	20.467					/	156.12	*	365 / 2
=	23.93

Karo Leather Days Payable Related Terms

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Karo Leather (XPRA:KARIN) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Consumer Cyclical » Manufacturing - Apparel & Accessories » Karo Leather (XPRA:KARIN) » Definitions » Days Payable

Comparable Companies

Traded in Other Exchanges

N/A

Address

Rohanske nabrezi 642/35, Prague, CZE, 186 00

Website

https://www.karo-leather.com

Karo Leather is engaged in machine processing and trading of leather for the furniture industry and selling of cowhides. Its products include sells buffalo, cowhide products; and upholstery leather. It markets products in European Union countries, especially Poland.

Karo Leather (XPRA:KARIN) Headlines

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