Virco Manufacturing (Virco Manufacturing) Days Payable

: 46.94 (As of Jan. 2024)

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Virco Manufacturing's average Accounts Payable for the three months ended in Jan. 2024 was $13.6 Mil. Virco Manufacturing's Cost of Goods Sold for the three months ended in Jan. 2024 was $26.5 Mil. Hence, Virco Manufacturing's Days Payable for the three months ended in Jan. 2024 was 46.94.

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

VIRC' s Days Payable Range Over the Past 10 Years
Min: 35.44 Med: 40.3 Max: 49.13
Current: 46.85

During the past 13 years, Virco Manufacturing's highest Days Payable was 49.13. The lowest was 35.44. And the median was 40.30.

VIRC's Days Payable is ranked worse than
66.42% of 405 companies
in the Furnishings, Fixtures & Appliances industry
Industry Median: 66.75 vs VIRC: 46.85

Virco Manufacturing's Days Payable declined from Jan. 2023 (67.92) to Jan. 2024 (46.94). It may suggest that Virco Manufacturing accelerated paying its suppliers.

Virco Manufacturing Days Payable Historical Data

The historical data trend for Virco Manufacturing'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.

* Premium members only.

Virco Manufacturing Annual Data

Trend

Jan15

Jan16

Jan17

Jan18

Jan19

Jan20

Jan21

Jan22

Jan23

Jan24

Days Payable

42.64

35.44

41.55

49.13

38.62

Virco Manufacturing Quarterly Data
	Apr19	Jul19	Oct19	Jan20	Apr20	Jul20	Oct20	Jan21	Apr21	Jul21	Oct21	Jan22	Apr22	Jul22	Oct22	Jan23	Apr23	Jul23	Oct23	Jan24
Days Payable																67.92	90.40	39.99	41.82	46.94

Competitive Comparison

For the Furnishings, Fixtures & Appliances subindustry, Virco Manufacturing'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.

Virco Manufacturing Days Payable Distribution

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

* The bar in red indicates where Virco Manufacturing's Days Payable falls into.

Virco Manufacturing 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.

Virco Manufacturing's Days Payable for the fiscal year that ended in Jan. 2024 is calculated as

	Days Payable (A: Jan. 2024 )
=	Average Accounts Payable					/	Cost of Goods Sold	*	Days in Period
=	( (Accounts Payable (A: Jan. 2023 )	+	Accounts Payable (A: Jan. 2024 ))	/	count )	/	Cost of Goods Sold (A: Jan. 2024 )	*	Days in Period
=	( (19.448	+	12.945)	/	2 )	/	153.059	*	365
=	16.1965					/	153.059	*	365
=	38.62

Virco Manufacturing's Days Payable for the quarter that ended in Jan. 2024 is calculated as:

	Days Payable (Q: Jan. 2024 )
=	Average Accounts Payable					/	Cost of Goods Sold	*	Days in Period
=	( (Accounts Payable (Q: Oct. 2023 )	+	Accounts Payable (Q: Jan. 2024 ))	/	count )	/	Cost of Goods Sold (Q: Jan. 2024 )	*	Days in Period
=	( (14.351	+	12.945)	/	2 )	/	26.534	*	365 / 4
=	13.648					/	26.534	*	365 / 4
=	46.94

Virco Manufacturing Days Payable Related Terms

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Virco Manufacturing (Virco Manufacturing) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Consumer Cyclical » Furnishings, Fixtures & Appliances » Virco Manufacturing Corp (NAS:VIRC) » Definitions » Days Payable

Comparable Companies

Traded in Other Exchanges

N/A

Address

2027 Harpers Way, Torrance, CA, USA, 90501

Website

https://www.virco.com

Virco Manufacturing Corp is engaged in designing, production and distributing quality furniture for the commercial and education markets. The company manufactures an assortment of products, including mobile tables, mobile storage equipment, desks, computer furniture, chairs, and activity tables, folding chairs, and folding tables. Its primary furniture lines are constructed of tubular metal legs and frames, combined with wood and plastic tops, plastic seats and backs, upholstered seats and backs, and upholstered rigid polyethylene and polypropylene shells. Geographically, it operates in the United States and Canada.

Executives

Patricia Levine Quinones	officer: Vice President	6008 E. CALLE CEDRO, ANAHEIM CA 92807
Bradley C Richardson	director
Craig L Levra	director	C/O SPORT CHALET INC, ONE SPORT CHALET DRIVE, LA CANADA CA 91011
Agnieszka Winkler	director	C/O INTER-TEL, INCORPORATED, 1615 SOUTH 52ND STREET, TEMPE AZ 85281
Kathleen D Young	director	C/O VIRCO MFG. CORPORATION, 2027 HARPERS WAY, TORRANCE CA 90501
Douglas A Virtue	director, officer: Executive Vice President
Robert A Virtue	director, officer: President & CEO & Chairman
Donald R Rudkin	director	C/O VIRCO MFG. CORPORATION, 2027 HARPERS WAY, TORRANCE CA 90501
Alexander L Cappello	director	C/O THE CHEESECAKE FACTORY INC, 26901 MALIBU HILLS ROAD, CALABASAS HILLS CA 91301
Bassey Yau	officer: Assistant Secretary / Treasure	5502 MARICOPA ST., TORRANCE CA 90501
Robert M Hupe	officer: VP General Counsel	C/O VIRCO MFG. CORPORATION, 2027 HARPERS WAY, TORRANCE CA 90501
Jerry Scott Bell	officer: COO	C/O VIRCO MFG. CORPORATION, TORRANCE CA 90501
Robert James Devers	officer: Sr. VP, Information Technology	C/O VIRCO MFG. CORPORATION, 2027 HARPERS WAY, TORRANCE CA 90501
Johnson James David Ii	officer: Sr. Vice President Marketing	C/O VIRCO MFG. CORPORATION, 2027 HARPERS WAY, TORRANCE CA 90501
Michael Anthony Digregorio	director	C/O IRONCLAD PERFORMANCE WEAR CORP., 2201 PARK PLACE, SUITE 101, EL SEGUNDO CA 90245