Lakeland Industries (Lakeland Industries) Days Payable : 32.29 (As of Jan. 2024)

View and export this data going back to 1986. Start your Free Trial

What is Lakeland Industries Days Payable?

Lakeland Industries's average Accounts Payable for the three months ended in Jan. 2024 was $7.1 Mil. Lakeland Industries's Cost of Goods Sold for the three months ended in Jan. 2024 was $20.0 Mil. Hence, Lakeland Industries's Days Payable for the three months ended in Jan. 2024 was 32.29.

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

LAKE' s Days Payable Range Over the Past 10 Years
Min: 30.72 Med: 34.84 Max: 47.14
Current: 37.16

During the past 13 years, Lakeland Industries's highest Days Payable was 47.14. The lowest was 30.72. And the median was 34.84.

LAKE's Days Payable is ranked worse than
68% of 1025 companies
in the Manufacturing - Apparel & Accessories industry
Industry Median: 56.44 vs LAKE: 37.16

Lakeland Industries's Days Payable declined from Jan. 2023 (32.74) to Jan. 2024 (32.29). It may suggest that Lakeland Industries accelerated paying its suppliers.

Lakeland Industries Days Payable Historical Data

The historical data trend for Lakeland Industries'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.

* Premium members only.

Lakeland Industries Days Payable Chart

Lakeland Industries Annual Data

Trend

Jan15

Jan16

Jan17

Jan18

Jan19

Jan20

Jan21

Jan22

Jan23

Jan24

Days Payable

Get a 7-Day Free Trial

35.03

33.43

35.84

33.81

34.60

Lakeland Industries Quarterly Data
	Apr19	Jul19	Oct19	Jan20	Apr20	Jul20	Oct20	Jan21	Apr21	Jul21	Oct21	Jan22	Apr22	Jul22	Oct22	Jan23	Apr23	Jul23	Oct23	Jan24
Days Payable	Get a 7-Day Free Trial															32.74	41.69	40.27	37.81	32.29

Competitive Comparison of Lakeland Industries's Days Payable

For the Apparel Manufacturing subindustry, Lakeland Industries'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.

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

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

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

Lakeland Industries 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.

Lakeland Industries's Days Payable for the fiscal year that ended in Jan. 2024 is calculated as

	Days Payable (A: Jan. 2024 )
=	Average Accounts Payable					/	Cost of Goods Sold	*	Days in Period
=	( (Accounts Payable (A: Jan. 2023 )	+	Accounts Payable (A: Jan. 2024 ))	/	count )	/	Cost of Goods Sold (A: Jan. 2024 )	*	Days in Period
=	( (6.558	+	7.378)	/	2 )	/	73.496	*	365
=	6.968					/	73.496	*	365
=	34.60

Lakeland Industries's Days Payable for the quarter that ended in Jan. 2024 is calculated as:

	Days Payable (Q: Jan. 2024 )
=	Average Accounts Payable					/	Cost of Goods Sold	*	Days in Period
=	( (Accounts Payable (Q: Oct. 2023 )	+	Accounts Payable (Q: Jan. 2024 ))	/	count )	/	Cost of Goods Sold (Q: Jan. 2024 )	*	Days in Period
=	( (6.803	+	7.378)	/	2 )	/	20.035	*	365 / 4
=	7.0905					/	20.035	*	365 / 4
=	32.29

Lakeland Industries Days Payable Related Terms

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

Lakeland Industries (Lakeland Industries) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Consumer Cyclical » Manufacturing - Apparel & Accessories » Lakeland Industries Inc (NAS:LAKE) » Definitions » Days Payable

Comparable Companies

Traded in Other Exchanges

LLI:Germany

Address

1525 Perimeter Parkway, Suite 325, Huntsville, AL, USA, 35806

Website

https://www.lakeland.com

Lakeland Industries Inc manufactures and sells safety garments and accessories for the industrial protective clothing market. Its product segments include Disposables, Chemicals, Fire, Gloves, High Visibility, High-Performance Wear, and Wovens. Its customers include integrated oil, chemical/petrochemical, utilities, automobile, steel, glass, construction, smelting, munition plants, janitorial, pharmaceutical, and mortuaries, as well as scientific and medical laboratories. The company's geographical segments include the United States, Latin America, Canada, Asia, Mexico, Europe (United Kingdom), and Other Foreign.

Executives

Joshua J Sletten	officer: VP Corp Development & Strategy	1525 PERIMETER PARKWAY, SUITE 325, HUNTSVILLE AL 35806
Melissa Kidd	director	1525 PERIMETER PARKWAY, SUITE 325, HUNTSVILLE AL 35806
Herring Ronald N Jr	director
Roger D Shannon	officer: Chief Financial Officer	15415 SHELBYVILLE ROAD, LOUISVILLE KY 40245
An Hui	officer: VP of Procurement & Asia Mfg.	1525 PERIMETER PARKWAY, SUITE 325, HUNTSTVILLE AL 35806
Christopher James Ryan	director	3555 VETERANS MEMORIAL HWY, SUITE C, RONKONKOMA NY 11779
Allen E Dillard	officer: COO & CFO	1525 PERIMETER PARKWAY, SUITE 325, HUNTSVILLE AL 35806
Charles D Roberson	director, officer: CEO, President and Secretary	1525 PERIMETER PARKWAY, SUITE 325, HUNTSVILLE AL 35806
Steven L Harvey	officer: Exec. VP, Sales and Marketing	1525 PERIMETER PARKWAY, SUITE 325, HUNTSVILLE AL 35806
Thomas J Mcateer	director	54 CEDAR POINT DRIVE, WEST ISLIP NY 11795
Jeffrey T Schlarbaum	director	105 NORTON STREET, NEWARK NY 14513
Nikki Hamblin	director	2 RED OAK LANE, PITTSFORD NY 14534
Alfred John Kreft	director	3333 ALLEN PARK WAY, #2004, HOUSTON TX 77019
Daniel L. Edwards	officer: Sr. VP Sales for North America	6794 MEADOW VIEW DRIVE, SUMMERFIELD NC 27358
Stephen M Bachelder	director, officer: Chief Operating Officer	3555 VETERANS MEMORIAL HWY, SUITE C, RONKONKOMA NY 11779