FIGS (FIGS) Days Payable

: 28.86 (As of Dec. 2023)

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FIGS's average Accounts Payable for the three months ended in Dec. 2023 was $14.9 Mil. FIGS's Cost of Goods Sold for the three months ended in Dec. 2023 was $47.1 Mil. Hence, FIGS's Days Payable for the three months ended in Dec. 2023 was 28.86.

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

FIGS' s Days Payable Range Over the Past 10 Years
Min: 30.8 Med: 42.81 Max: 123.26
Current: 30.8

During the past 5 years, FIGS's highest Days Payable was 123.26. The lowest was 30.80. And the median was 42.81.

FIGS's Days Payable is ranked worse than
74.88% of 1023 companies
in the Manufacturing - Apparel & Accessories industry
Industry Median: 56.48 vs FIGS: 30.80

FIGS's Days Payable declined from Dec. 2022 (41.68) to Dec. 2023 (28.86). It may suggest that FIGS accelerated paying its suppliers.

FIGS Days Payable Historical Data

The historical data trend for FIGS'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.

FIGS Annual Data

Trend

Dec19

Dec20

Dec21

Dec22

Dec23

Days Payable

123.26

56.30

40.96

42.81

38.58

FIGS Quarterly Data
	Dec19	Mar20	Jun20	Sep20	Dec20	Mar21	Jun21	Sep21	Dec21	Mar22	Jun22	Sep22	Dec22	Mar23	Jun23	Sep23	Dec23
Days Payable													41.68	38.92	22.22	27.34	28.86

Competitive Comparison

For the Apparel Manufacturing subindustry, FIGS'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.

FIGS Days Payable Distribution

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

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

FIGS 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.

FIGS'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
=	( (20.906	+	14.749)	/	2 )	/	168.683	*	365
=	17.8275					/	168.683	*	365
=	38.58

FIGS'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
=	( (15.014	+	14.749)	/	2 )	/	47.058	*	365 / 4
=	14.8815					/	47.058	*	365 / 4
=	28.86

FIGS Days Payable Related Terms

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

FIGS (FIGS) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Consumer Cyclical » Manufacturing - Apparel & Accessories » FIGS Inc (NYSE:FIGS) » Definitions » Days Payable

Comparable Companies

Traded in Other Exchanges

N/A

Address

2834 Colorado Avenue, Suite 100, Santa Monica, CA, USA, 90404

Website

https://www.wearfigs.com

FIGS Inc is a healthcare apparel company. It offers more fitted scrubs for men and women made of its proprietary fabric FIONx, which provides four-way stretch and has anti-odor, anti-wrinkle and moisture-wicking properties.

Executives

Daniella Turenshine	officer: Chief Financial Officer	C/O FIGS, INC., 2834 COLORADO AVENUE, SUITE 100, SANTA MONICA CA 90404
Heather L. Hasson	director, 10 percent owner, officer: Co-Chief Executive Officer	C/O G SQUARED ASCEND MANAGEMENT I, LLC, 205 N MICHIGAN AVENUE SUITE 3770, CHICAGO IL 60601
Mario Jesus Marte	director	C/O CHEWY, INC., 7700 WEST SUNRISE BLVD, PLANTATION FL 33322
Catherine Eva Spear	director, 10 percent owner, officer: Co-Chief Executive Officer	16 FUNSTON AVENUE, SUITE A, THE PRESIDIO OF SAN FRANCISCO, SAN FRANCISCO CA 94129
Michael J Soenen	director	C/O FIGS INC., 2824 COLORADO AVENUE, SUITE 100, SANTA MONICA CA 90404
Thomas Tull	10 percent owner	27 N. WACKER DRIVE #523, CHICAGO IL 60606
Jeffrey A Wilke	director	PO BOX 81226, SEATTLE WA 98108-1226
Alan G Lafley	director	C/O SNAP INC., 3000 31ST STREET, SANTA MONICA CA 90405
Kenneth Jian-hong Lin	director	C/O FIGS, INC., 2834 COLORADO AVENUE, SUITE 100, SANTA MONICA CA 90404
Tulco, Llc	10 percent owner	1000 COMMERCE DRIVE, 2ND FLOOR, PITTSBURGH PA 15275
Viking Global Investors Lp	10 percent owner	600 WASHINGTON BLVD., FLOOR 11, STAMFORD CT 06901
Sheila Antrum	director	5830 GRANITE PARKWAY, SUITE 1150, PLANO TX 75024
John Martin Willhite	director	C/O FIGS, INC., 2824 COLORADO AVENUE, SUITE 100, SANTA MONICA CA 90404
Christopher Peter Varelas	director	C/O FIGS, INC., 2824 COLORADO AVENUE, SUITE 100, SANTA MONICA CA 90404
Jeffrey D Lawrence	officer: Chief Financial Officer	30 FRANK LLOYD WRIGHT DR, ANN ARBOR MI 48105