iFabric (TSX:IFA) Days Payable : 38.40 (As of Jun. 2023)

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What is iFabric Days Payable?

iFabric's average Accounts Payable for the three months ended in Jun. 2023 was C$1.32 Mil. iFabric's Cost of Goods Sold for the three months ended in Jun. 2023 was C$3.14 Mil. Hence, iFabric's Days Payable for the three months ended in Jun. 2023 was 38.40.

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

TSX:IFA' s Days Payable Range Over the Past 10 Years
Min: 28.87 Med: 49.02 Max: 76.19
Current: 57.69

During the past 13 years, iFabric's highest Days Payable was 76.19. The lowest was 28.87. And the median was 49.02.

TSX:IFA's Days Payable is ranked better than
51.22% of 1025 companies
in the Manufacturing - Apparel & Accessories industry
Industry Median: 56.44 vs TSX:IFA: 57.69

iFabric's Days Payable declined from Jun. 2022 (78.09) to Jun. 2023 (38.40). It may suggest that iFabric accelerated paying its suppliers.

iFabric Days Payable Historical Data

The historical data trend for iFabric'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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iFabric Days Payable Chart

iFabric Annual Data

Trend

Sep12

Sep13

Sep14

Sep15

Sep16

Sep17

Sep18

Sep19

Sep20

Sep21

Days Payable

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36.97

32.07

28.87

45.19

52.85

iFabric Quarterly Data
	Sep18	Dec18	Mar19	Jun19	Sep19	Dec19	Mar20	Jun20	Sep20	Dec20	Mar21	Jun21	Sep21	Dec21	Mar22	Jun22	Sep22	Dec22	Mar23	Jun23
Days Payable	Get a 7-Day Free Trial															78.09	63.28	73.91	50.76	38.40

Competitive Comparison of iFabric's Days Payable

For the Apparel Manufacturing subindustry, iFabric'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.

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

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

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

iFabric 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.

iFabric's Days Payable for the fiscal year that ended in Sep. 2021 is calculated as

	Days Payable (A: Sep. 2021 )
=	Average Accounts Payable					/	Cost of Goods Sold	*	Days in Period
=	( (Accounts Payable (A: Sep. 2020 )	+	Accounts Payable (A: Sep. 2021 ))	/	count )	/	Cost of Goods Sold (A: Sep. 2021 )	*	Days in Period
=	( (1.245	+	2.231)	/	2 )	/	12.003	*	365
=	1.738					/	12.003	*	365
=	52.85

iFabric's Days Payable for the quarter that ended in Jun. 2023 is calculated as:

	Days Payable (Q: Jun. 2023 )
=	Average Accounts Payable					/	Cost of Goods Sold	*	Days in Period
=	( (Accounts Payable (Q: Mar. 2023 )	+	Accounts Payable (Q: Jun. 2023 ))	/	count )	/	Cost of Goods Sold (Q: Jun. 2023 )	*	Days in Period
=	( (1.6	+	1.046)	/	2 )	/	3.144	*	365 / 4
=	1.323					/	3.144	*	365 / 4
=	38.40

iFabric Days Payable Related Terms

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iFabric (TSX:IFA) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Consumer Cyclical » Manufacturing - Apparel & Accessories » iFabric Corp (TSX:IFA) » Definitions » Days Payable

Comparable Companies

Traded in Other Exchanges

IFABF:USA

Address

525 Denison Street, Unit 1, Markham, ON, CAN, L3R 1B8

Website

https://www.ifabriccorp.com

iFabric Corp is engaged in the business of women's intimate apparel. It has three business segments. The Intimate apparel segment is involved in the design and distribution of women's intimate apparel, and accessories. Its Intelligent fabric segment develops and distributes innovative products and treatments that are suitable for application to textiles, plastics, liquids, and hard surfaces as well as finished performance apparel. The other segment engages in the leasing of property to group companies, related parties, and third parties. Its geographical segments include Canada, United States, United Kingdom, and Southeast Asia & others. The company derives the majority of its revenue from the Intimate apparel segment and its geographical location of Canada.

Executives

Mark Cochran

Director

iFabric (TSX:IFA) Headlines

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