Li & Fung (Li & Fung) Days Payable : 50.72 (As of Dec. 2019)

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What is Li & Fung Days Payable?

Li & Fung's average Accounts Payable for the six months ended in Dec. 2019 was $1,509 Mil. Li & Fung's Cost of Goods Sold for the six months ended in Dec. 2019 was $5,428 Mil. Hence, Li & Fung's Days Payable for the six months ended in Dec. 2019 was 50.72.

The historical rank and industry rank for Li & Fung's Days Payable or its related term are showing as below:

LFUGF's Days Payable is not ranked ^*
in the Business Services industry.
Industry Median: 47.39
* Ranked among companies with meaningful Days Payable only.

Li & Fung's Days Payable declined from Dec. 2018 (53.51) to Dec. 2019 (50.72). It may suggest that Li & Fung accelerated paying its suppliers.

Li & Fung Days Payable Historical Data

The historical data trend for Li & Fung'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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Li & Fung Days Payable Chart

Li & Fung Annual Data

Trend

Dec10

Dec11

Dec12

Dec13

Dec14

Dec15

Dec16

Dec17

Dec18

Dec19

Days Payable

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55.02

62.52

57.18

55.58

57.86

Li & Fung Semi-Annual Data
	Jun10	Dec10	Jun11	Dec11	Jun12	Dec12	Jun13	Dec13	Jun14	Dec14	Jun15	Dec15	Jun16	Dec16	Jun17	Dec17	Jun18	Dec18	Jun19	Dec19
Days Payable	Get a 7-Day Free Trial															56.92	62.42	53.51	61.87	50.72

Competitive Comparison of Li & Fung's Days Payable

For the Specialty Business Services subindustry, Li & Fung'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.

Li & Fung's Days Payable Distribution in the Business Services Industry

For the Business Services industry and Industrials sector, Li & Fung's Days Payable distribution charts can be found below:

* The bar in red indicates where Li & Fung's Days Payable falls into.

Li & Fung 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.

Li & Fung's Days Payable for the fiscal year that ended in Dec. 2019 is calculated as

	Days Payable (A: Dec. 2019 )
=	Average Accounts Payable					/	Cost of Goods Sold	*	Days in Period
=	( (Accounts Payable (A: Dec. 2018 )	+	Accounts Payable (A: Dec. 2019 ))	/	count )	/	Cost of Goods Sold (A: Dec. 2019 )	*	Days in Period
=	( (1736.817	+	1503.684)	/	2 )	/	10221.721	*	365
=	1620.2505					/	10221.721	*	365
=	57.86

Li & Fung's Days Payable for the quarter that ended in Dec. 2019 is calculated as:

	Days Payable (Q: Dec. 2019 )
=	Average Accounts Payable					/	Cost of Goods Sold	*	Days in Period
=	( (Accounts Payable (Q: Jun. 2019 )	+	Accounts Payable (Q: Dec. 2019 ))	/	count )	/	Cost of Goods Sold (Q: Dec. 2019 )	*	Days in Period
=	( (1513.453	+	1503.684)	/	2 )	/	5427.812	*	365 / 2
=	1508.5685					/	5427.812	*	365 / 2
=	50.72

Li & Fung Days Payable Related Terms

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Li & Fung (Li & Fung) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Industrials » Business Services » Li & Fung Ltd (OTCPK:LFUGF) » Definitions » Days Payable

Comparable Companies

Traded in Other Exchanges

N/A

Address

31 Victoria Street, Victoria Place, 5th Floor, Hamilton, BMU, HM 10

Website

https://www.lifung.com

Li & Fung Ltd is a supply-chain manager that serves retailers globally with sourcing and logistics services. The company's operating segment includes Services and Products. It generates maximum revenue from the Services segment. The Services segment consists of Supply Chain Solutions and Logistics businesses. Its Products segment consists of the Onshore Wholesale business and the three Product Verticals (furniture, beauty, and sweaters) representing its principal-to-principal business. Geographically, it derives a majority of revenue from the United States of America.

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