Compagnie Financiere Richemont (JSE:CFR) Days Payable : 91.86 (As of Sep. 2023)

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What is Compagnie Financiere Richemont Days Payable?

Compagnie Financiere Richemont's average Accounts Payable for the six months ended in Sep. 2023 was R33,093 Mil. Compagnie Financiere Richemont's Cost of Goods Sold for the six months ended in Sep. 2023 was R65,742 Mil. Hence, Compagnie Financiere Richemont's Days Payable for the six months ended in Sep. 2023 was 91.86.

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

JSE:CFR' s Days Payable Range Over the Past 10 Years
Min: 38.31 Med: 44.46 Max: 108.42
Current: 108.42

During the past 13 years, Compagnie Financiere Richemont's highest Days Payable was 108.42. The lowest was 38.31. And the median was 44.46.

JSE:CFR's Days Payable is ranked better than
77.78% of 1080 companies
in the Retail - Cyclical industry
Industry Median: 56.94 vs JSE:CFR: 108.42

Compagnie Financiere Richemont's Days Payable declined from Sep. 2022 (103.46) to Sep. 2023 (91.86). It may suggest that Compagnie Financiere Richemont accelerated paying its suppliers.

Compagnie Financiere Richemont Days Payable Historical Data

The historical data trend for Compagnie Financiere Richemont'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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Compagnie Financiere Richemont Days Payable Chart

Compagnie Financiere Richemont Annual Data

Trend

Mar14

Mar15

Mar16

Mar17

Mar18

Mar19

Mar20

Mar21

Mar22

Mar23

Days Payable

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39.15

41.20

44.76

54.27

44.40

Compagnie Financiere Richemont Semi-Annual Data
	Mar14	Sep14	Mar15	Sep15	Mar16	Sep16	Mar17	Sep17	Mar18	Sep18	Mar19	Sep19	Mar20	Sep20	Mar21	Sep21	Mar22	Sep22	Mar23	Sep23
Days Payable	Get a 7-Day Free Trial															114.52	104.93	103.46	84.67	91.86

Competitive Comparison of Compagnie Financiere Richemont's Days Payable

For the Luxury Goods subindustry, Compagnie Financiere Richemont'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.

Compagnie Financiere Richemont's Days Payable Distribution in the Retail - Cyclical Industry

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

* The bar in red indicates where Compagnie Financiere Richemont's Days Payable falls into.

Compagnie Financiere Richemont 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.

Compagnie Financiere Richemont's Days Payable for the fiscal year that ended in Mar. 2023 is calculated as

	Days Payable (A: Mar. 2023 )
=	Average Accounts Payable					/	Cost of Goods Sold	*	Days in Period
=	( (Accounts Payable (A: Mar. 2022 )	+	Accounts Payable (A: Mar. 2023 ))	/	count )	/	Cost of Goods Sold (A: Mar. 2023 )	*	Days in Period
=	( (15272.835	+	14388.642)	/	2 )	/	121932.014	*	365
=	14830.7385					/	121932.014	*	365
=	44.40

Compagnie Financiere Richemont's Days Payable for the quarter that ended in Sep. 2023 is calculated as:

	Days Payable (Q: Sep. 2023 )
=	Average Accounts Payable					/	Cost of Goods Sold	*	Days in Period
=	( (Accounts Payable (Q: Mar. 2023 )	+	Accounts Payable (Q: Sep. 2023 ))	/	count )	/	Cost of Goods Sold (Q: Sep. 2023 )	*	Days in Period
=	( (14388.642	+	51796.399)	/	2 )	/	65742.363	*	365 / 2
=	33092.5205					/	65742.363	*	365 / 2
=	91.86

Compagnie Financiere Richemont Days Payable Related Terms

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Compagnie Financiere Richemont (JSE:CFR) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Consumer Cyclical » Retail - Cyclical » Compagnie Financiere Richemont SA (JSE:CFR) » Definitions » Days Payable

Comparable Companies

Traded in Other Exchanges

CFRUY:USA CFRHF:USA CFRI:Mexico CFRz:UK 0QMU:UK RIT1:Germany CFR:Switzerland

Address

50, Chemin de la Chenaie, CP 30, Bellevue, Geneva, CHE, 1293

Website

https://www.richemont.com

Richemont is a luxury goods conglomerate with 20 brands. Jewellery and watch brands make up 85% of sales, but the group is also active in accessories, writing instruments, clothing and online luxury retail. Richemont's Jewellery Maisons, including Cartier and Van Cleef & Arpels, account for 67% of revenue and over 86% of profits. Its other brands include Vacheron Constantin, Piaget, Jaeger-LeCoultre, IWC Schaffhausen, Lange & Soehne, Officine Panerai, and Montblanc.