Haverty Furniture (Haverty Furniture) Days Payable

: 22.95 (As of Dec. 2023)

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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.A' 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.A's Days Payable is ranked worse than
84.17% of 1080 companies
in the Retail - Cyclical industry
Industry Median: 56.675 vs HVT.A: 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 Annual Data

Trend

Dec14

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

Days Payable

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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															18.26	19.34	20.14	21.88	22.95

Competitive Comparison

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 Days Payable Distribution

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

Haverty Furniture Days Payable Related Terms

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Haverty Furniture (Haverty Furniture) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Consumer Cyclical » Retail - Cyclical » Haverty Furniture Companies Inc (NYSE:HVT.A) » Definitions » Days Payable

Comparable Companies

Traded in Other Exchanges

HVT:USA 25F:Germany

Address

780 Johnson Ferry Road, Suite 800, Atlanta, GA, USA, 30342

Website

https://www.havertys.com

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.