Tandy Leather Factory (Tandy Leather Factory) Days Payable

: 19.54 (As of Dec. 2023)

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Tandy Leather Factory's average Accounts Payable for the three months ended in Dec. 2023 was $2.00 Mil. Tandy Leather Factory's Cost of Goods Sold for the three months ended in Dec. 2023 was $9.36 Mil. Hence, Tandy Leather Factory's Days Payable for the three months ended in Dec. 2023 was 19.54.

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

TLF' s Days Payable Range Over the Past 10 Years
Min: 18.3 Med: 31.16 Max: 84.56
Current: 25.11

During the past 13 years, Tandy Leather Factory's highest Days Payable was 84.56. The lowest was 18.30. And the median was 31.16.

TLF's Days Payable is ranked worse than
81.35% of 1078 companies
in the Retail - Cyclical industry
Industry Median: 57.175 vs TLF: 25.11

Tandy Leather Factory's Days Payable declined from Dec. 2022 (38.10) to Dec. 2023 (19.54). It may suggest that Tandy Leather Factory accelerated paying its suppliers.

Tandy Leather Factory Days Payable Historical Data

The historical data trend for Tandy Leather Factory'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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Tandy Leather Factory Annual Data

Trend

Dec14

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

Days Payable

47.89

84.56

60.29

44.82

34.68

Tandy Leather Factory Quarterly Data
	Mar19	Jun19	Sep19	Dec19	Mar20	Jun20	Sep20	Dec20	Mar21	Jun21	Sep21	Dec21	Mar22	Jun22	Sep22	Dec22	Mar23	Jun23	Sep23	Dec23
Days Payable																38.10	23.18	23.42	25.93	19.54

Competitive Comparison

For the Specialty Retail subindustry, Tandy Leather Factory'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.

Tandy Leather Factory Days Payable Distribution

For the Retail - Cyclical industry and Consumer Cyclical sector, Tandy Leather Factory's Days Payable distribution charts can be found below:

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

Tandy Leather Factory 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.

Tandy Leather Factory'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
=	( (3.31	+	2.594)	/	2 )	/	31.066	*	365
=	2.952					/	31.066	*	365
=	34.68

Tandy Leather Factory'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
=	( (1.415	+	2.594)	/	2 )	/	9.359	*	365 / 4
=	2.0045					/	9.359	*	365 / 4
=	19.54

Tandy Leather Factory Days Payable Related Terms

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Tandy Leather Factory (Tandy Leather Factory) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Consumer Cyclical » Retail - Cyclical » Tandy Leather Factory Inc (NAS:TLF) » Definitions » Days Payable

Comparable Companies

Traded in Other Exchanges

N/A

Address

1900 Southeast Loop 820, Fort Worth, TX, USA, 76140

Website

https://www.tandyleather.com

Tandy Leather Factory Inc is a specialty retailers of leather and leathercraft-related items. Its primary line of business is the sale of leather, leather crafts, and related supplies. Its broad line of leather and related products includes leather, leatherworking tools, leather dyes and finishes, and do-it-yourself kits. Its products include Leather, tools, Hardware, Supplies, Kits, Books and Patterns, and Gift cards. Geographically the company operates within United States, Canada and others and generates the highest revenue from the United States.

Executives

Jcp Investment Management, Llc	10 percent owner	1177 WEST LOOP SOUTH, SUITE 1320, HOUSTON TX 77027
Jcp Investment Partnership, Lp	10 percent owner, other: See Footnote 1	1177 WEST LOOP SOUTH, SUITE 1320, HOUSTON TX 77027
Jcp Investment Partners, Lp	10 percent owner, other: See Footnote 1	1177 WEST LOOP SOUTH, SUITE 1320, HOUSTON TX 77027
Jcp Investment Holdings, Llc	10 percent owner, other: See Footnote 1	1177 WEST LOOP SOUTH, SUITE 1320, HOUSTON TX 77027
Janet A Carr	director, officer: CEO	116 S PORTLAND AVENUE, BROOKLYN NY 11217
Jefferson Gramm	10 percent owner	C/O BANDERA PARTNERS LLC, 50 BROAD STREET, SUITE 1820, NEW YORK NY 10004
Shannon L Greene	director, officer: CFO/TREASURER	3800 FALCON LAKE DRIVE, ARLINGTON TX 76016
Mark J Angus	officer: SR VICE PRESIDENT	1900 SE LOOP 820, FORTH WORTH TX 76140
James C Pappas	director	1177 WEST LOOP SOUTH, SUITE 1320, HOUSTON TX 77027
T Field Lange	director	6300 RIDGLEA PLACE, #500, FORT WORTH TX 76116
Victoria Marie Cantrell	director	2 BERRY LANE, RANDOLPH NJ 07869
Sejal Vinu Patel	director	400 PARK AVENUE, 21ST FL, NEW YORK NY 10022
Beshore Brent Cornell	director	315 N TENTH ST, COLUMBIA MO 65201
Sharon M Leite	director	100 PIER 1 PLACE, FT. WORTH TX 76102
Joseph R Mannes	director	4016 MCFARLIN BLVD, DALLAS TX 75205