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Haverty Furniture (Haverty Furniture) Days Payable : 22.95 (As of Dec. 2023)


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What is Haverty Furniture Days Payable?

Haverty Furniture's average Accounts Payable for the three months ended in Dec. 2023 was $20.0 Mil. Haverty Furniture's Cost of Goods Sold for the three months ended in Dec. 2023 was $79.3 Mil. Hence, Haverty Furniture's Days Payable for the three months ended in Dec. 2023 was 22.95.

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

HVT' s Days Payable Range Over the Past 10 Years
Min: 19.83   Med: 23.61   Max: 32.85
Current: 21.35

During the past 13 years, Haverty Furniture's highest Days Payable was 32.85. The lowest was 19.83. And the median was 23.61.

HVT's Days Payable is ranked worse than
84.07% of 1080 companies
in the Retail - Cyclical industry
Industry Median: 56.94 vs HVT: 21.35

Haverty Furniture's Days Payable increased from Dec. 2022 (18.26) to Dec. 2023 (22.95). It may suggest that Haverty Furniture delayed paying its suppliers.


Haverty Furniture Days Payable Historical Data

The historical data trend for Haverty Furniture'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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Haverty Furniture Days Payable Chart

Haverty Furniture Annual Data
Trend Dec14 Dec15 Dec16 Dec17 Dec18 Dec19 Dec20 Dec21 Dec22 Dec23
Days Payable
Get a 7-Day Free Trial Premium Member Only Premium Member Only 23.65 32.85 26.10 22.49 22.68

Haverty Furniture Quarterly Data
Mar19 Jun19 Sep19 Dec19 Mar20 Jun20 Sep20 Dec20 Mar21 Jun21 Sep21 Dec21 Mar22 Jun22 Sep22 Dec22 Mar23 Jun23 Sep23 Dec23
Days Payable Get a 7-Day Free Trial Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only 18.26 19.34 20.14 21.88 22.95

Competitive Comparison of Haverty Furniture's Days Payable

For the Home Improvement Retail subindustry, Haverty Furniture'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.


Haverty Furniture's Days Payable Distribution in the Retail - Cyclical Industry

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

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



Haverty Furniture 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.

Haverty Furniture'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
=( (23.345 + 18.781) / 2 ) / 339.041*365
=21.063 / 339.041*365
=22.68

Haverty Furniture'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
=( (21.121 + 18.781) / 2 ) / 79.329*365 / 4
=19.951 / 79.329*365 / 4
=22.95

* 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.


Haverty Furniture Days Payable Related Terms

Thank you for viewing the detailed overview of Haverty Furniture's Days Payable provided by GuruFocus.com. Please click on the following links to see related term pages.


Haverty Furniture (Haverty Furniture) Business Description

Traded in Other Exchanges
Address
780 Johnson Ferry Road, Suite 800, Atlanta, GA, USA, 30342
Haverty Furniture Companies Inc is a specialty retailer of residential furniture and accessories. It provides various products such as Sofa Tables, Sleepers, End Tables, Cocktail Tables, Accent Pieces, Display Cabinets, Wall Decor, Florals and Tress, and other related products. The company operates primarily in the Southern and Midwestern U.S. All its activities are encompassed in its Merchandise division. The company derives the majority of its revenue from its upholstery products and, secondarily, from bedroom furniture.
Executives
John Linwood Gill officer: Vice President, Operations 780 JOHNSON FERRY ROAD, NE, SUITE 800, ATLANTA GA 30157
Rawson Jr Haverty director, officer: Senior Vice President
Vicki R Palmer director PO BOX 723040, ATLANTA GA 30339
Mylle H Mangum director 3231 S E SIXTH AVENUE, TOPEKA KS 66607
Richard B Hare officer: Executive Vice President & CFO CARMIKE CINEMAS INC, 1301 FIRST AVENUE, COLUMBUS GA 31901
Clarence H Smith director, officer: President & CEO 780 JOHNSON FERRY RD., SUITE 800, ATLANTA GA 30342
Steven G Burdette officer: Senior Vice President
Jenny H Parker officer: Vice Pres., Secy. & Treas.
Michael R Cote director 1 CONCOURSE PARKWAY, SUITE 500, ATLANTA GA 30328
Kelly Allen Fladger officer: SVP, Chief HR Officer 780 JOHNSON FERRY ROAD, NE, SUITE 800, ATLANTA GA 30342
Alfredo Trujillo director
J Edward Clary officer: Chief Information Officer
Derek Gordon Schiller director 780 JOHNSON FERRY ROAD, NE, SUITE 800, ATLANTA GA 30342
G. Thomas Hough director P.O. BOX 407, LAKELAND FL 33802
Helen Berry Bautista officer: Vice President, Marketing 780 JOHNSON FERRY ROAD, SUITE 800, ATLANTA GA 30342