Fountain Set (Holdings) (FRA:FOV) Days Payable : 51.59 (As of Dec. 2023)

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What is Fountain Set (Holdings) Days Payable?

Fountain Set (Holdings)'s average Accounts Payable for the six months ended in Dec. 2023 was €69.6 Mil. Fountain Set (Holdings)'s Cost of Goods Sold for the six months ended in Dec. 2023 was €246.1 Mil. Hence, Fountain Set (Holdings)'s Days Payable for the six months ended in Dec. 2023 was 51.59.

The historical rank and industry rank for Fountain Set (Holdings)'s Days Payable or its related term are showing as below:

FRA:FOV' s Days Payable Range Over the Past 10 Years
Min: 43.32 Med: 51.13 Max: 75.35
Current: 49.46

During the past 13 years, Fountain Set (Holdings)'s highest Days Payable was 75.35. The lowest was 43.32. And the median was 51.13.

FRA:FOV's Days Payable is ranked worse than
56.39% of 1025 companies
in the Manufacturing - Apparel & Accessories industry
Industry Median: 56.44 vs FRA:FOV: 49.46

Fountain Set (Holdings)'s Days Payable increased from Dec. 2022 (46.24) to Dec. 2023 (51.59). It may suggest that Fountain Set (Holdings) delayed paying its suppliers.

Fountain Set (Holdings) Days Payable Historical Data

The historical data trend for Fountain Set (Holdings)'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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Fountain Set (Holdings) Days Payable Chart

Fountain Set (Holdings) Annual Data

Trend

Dec14

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

Days Payable

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49.19

78.38

57.75

46.21

51.36

Fountain Set (Holdings) Semi-Annual Data
	Jun14	Dec14	Jun15	Dec15	Jun16	Dec16	Jun17	Dec17	Jun18	Dec18	Jun19	Dec19	Jun20	Dec20	Jun21	Dec21	Jun22	Dec22	Jun23	Dec23
Days Payable	Get a 7-Day Free Trial															55.15	47.29	46.24	46.79	51.59

Competitive Comparison of Fountain Set (Holdings)'s Days Payable

For the Textile Manufacturing subindustry, Fountain Set (Holdings)'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.

Fountain Set (Holdings)'s Days Payable Distribution in the Manufacturing - Apparel & Accessories Industry

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

* The bar in red indicates where Fountain Set (Holdings)'s Days Payable falls into.

Fountain Set (Holdings) 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.

Fountain Set (Holdings)'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
=	( (59.571	+	76.505)	/	2 )	/	483.55	*	365
=	68.038					/	483.55	*	365
=	51.36

Fountain Set (Holdings)'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: Jun. 2023 )	+	Accounts Payable (Q: Dec. 2023 ))	/	count )	/	Cost of Goods Sold (Q: Dec. 2023 )	*	Days in Period
=	( (62.621	+	76.505)	/	2 )	/	246.072	*	365 / 2
=	69.563					/	246.072	*	365 / 2
=	51.59

Fountain Set (Holdings) Days Payable Related Terms

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Fountain Set (Holdings) (FRA:FOV) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Consumer Cyclical » Manufacturing - Apparel & Accessories » Fountain Set (Holdings) Ltd (FRA:FOV) » Definitions » Days Payable

Traded in Other Exchanges

00420:Hong Kong

Address

29-39 Kwai Cheong Road, Block A, 6th Floor, Eastern Sea Industrial Building, Kwai Chung, New Territories, Hong Kong, HKG

Website

https://www.fshl.com

Fountain Set (Holdings) Ltd and its subsidiaries are circularly knitted fabric manufacturers. It provides vertically integrated operations in fabric knitting, dyeing, printing, and finishing. In addition, the group's product range also includes garments. The company supplies knitted fabric to garment manufacturers for apparel products like sportswear, casual wear, sleepwear, and innerwear. The operating segments of the company are the production and sales of dyed fabrics and yarns, and the Production and sales of garments. The group operates in Hong Kong, China, Taiwan, Korea, Sri Lanka, America, Europe, and Others.

Fountain Set (Holdings) (FRA:FOV) Headlines

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