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GuruFocus has detected 1 Warning Sign with Crown Crafts Inc $CRWS.
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Crown Crafts Inc (NAS:CRWS)
Days Payable
38.73 (As of Mar. 2017)

Crown Crafts Inc's payable for the three months ended in Mar. 2017 was $5.15 Mil. Crown Crafts Inc's cost of goods sold for the three months ended in Mar. 2017 was $12.13 Mil. Hence, Crown Crafts Inc's days payable for the three months ended in Mar. 2017 was 38.73.

CRWS' s Days Payable Range Over the Past 10 Years
Min: 24.88   Max: 45.9
Current: 40.36

24.88
45.9

During the past 13 years, Crown Crafts Inc's highest Days Payable was 45.90. The lowest was 24.88. And the median was 32.04.

CRWS's Days Payable is ranked lower than
65% of the 561 Companies
in the Global Apparel Manufacturing industry.

( Industry Median: 55.04 vs. CRWS: 40.36 )

Crown Crafts Inc's days payable increased from Mar. 2016 (23.52) to Mar. 2017 (38.73). It may suggest that Crown Crafts Inc delayed paying its suppliers.


Definition

Days Payable indicates the number of days that the account payable relative to revenue the company has. An increase of Days Payable may suggest that the company delays paying its suppliers.

Crown Crafts Inc's Days Payable for the fiscal year that ended in Mar. 2017 is calculated as

Days Payable=Payable/Cost of Goods Sold*Days in Period
=5.149/46.567*365
=40.36

Crown Crafts Inc's Days Payable for the quarter that ended in Mar. 2017 is calculated as:

Days Payable=Payable/Cost of Goods Sold*Days in Period
=5.149/12.132*365 / 4
=38.73

* All numbers are in millions except for per share data and ratio. All numbers are in their local exchange's currency.


Related Terms

Revenue


Historical Data

* All numbers are in millions except for per share data and ratio. All numbers are in their local exchange's currency.

Crown Crafts Inc Annual Data

Mar08Mar09Mar10Mar11Mar12Mar13Mar14Mar15Mar16Mar17
DaysPayable 36.4132.6130.8424.8833.8145.9031.4726.1527.9840.36

Crown Crafts Inc Quarterly Data

Dec14Mar15Jun15Sep15Dec15Mar16Jun16Sep16Dec16Mar17
DaysPayable 49.6321.1552.0638.7943.9823.5245.3837.1959.9338.73
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