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Fortune Valley Treasures Days Payable

: 27.43 (As of Sep. 2021)
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Fortune Valley Treasures's average Accounts Payable for the three months ended in Sep. 2021 was $0.26 Mil. Fortune Valley Treasures's Cost of Goods Sold for the three months ended in Sep. 2021 was $0.88 Mil. Hence, Fortune Valley Treasures's Days Payable for the three months ended in Sep. 2021 was 27.43.

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

OTCPK:FVTI' s Days Payable Range Over the Past 10 Years
Min: 19.44   Med: 81.11   Max: 265.82
Current: 19.44

19.44
265.82

During the past 6 years, Fortune Valley Treasures's highest Days Payable was 265.82. The lowest was 19.44. And the median was 81.11.

OTCPK:FVTI's Days Payable is ranked lower than
88% of the 1055 Companies
in the Retail - Cyclical industry.

( Industry Median: 57.43 vs. OTCPK:FVTI: 19.44 )

Fortune Valley Treasures's Days Payable increased from Sep. 2020 (20.96) to Sep. 2021 (27.43). It may suggest that Fortune Valley Treasures delayed paying its suppliers.


Fortune Valley Treasures Days Payable Historical Data

The historical data trend for Fortune Valley Treasures'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.

Fortune Valley Treasures Annual Data
Trend Aug15 Aug16 Aug17 Dec18 Dec19 Dec20
Days Payable
Premium Member Only - - 265.82 81.11 54.98

Fortune Valley Treasures Quarterly Data
Nov16 Feb17 May17 Aug17 Dec17 Mar18 Jun18 Sep18 Dec18 Mar19 Jun19 Sep19 Dec19 Mar20 Jun20 Sep20 Dec20 Mar21 Jun21 Sep21
Days Payable Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only 20.96 11.26 24.56 19.73 27.43

Competitive Comparison

For the Specialty Retail subindustry, Fortune Valley Treasures'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.

   

Fortune Valley Treasures Days Payable Distribution

For the Retail - Cyclical industry and Consumer Cyclical sector, Fortune Valley Treasures's Days Payable distribution charts can be found below:

* The bar in red indicates where Fortune Valley Treasures's Days Payable falls into.



Fortune Valley Treasures 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.

Fortune Valley Treasures's Days Payable for the fiscal year that ended in Dec. 2020 is calculated as

Days Payable (A: Dec. 2020 )
=Average Accounts Payable /Cost of Goods Sold*Days in Period
=( (Accounts Payable (A: Dec. 2019 ) + Accounts Payable (A: Dec. 2020 )) / count ) / Cost of Goods Sold (A: Dec. 2020 )*Days in Period
=( (0 + 0.252) / 1 ) / 1.673*365
=0.252 / 1.673*365
=54.98

Fortune Valley Treasures's Days Payable for the quarter that ended in Sep. 2021 is calculated as:

Days Payable (Q: Sep. 2021 )
=Average Accounts Payable / Cost of Goods Sold*Days in Period
=( (Accounts Payable (Q: Jun. 2021 ) + Accounts Payable (Q: Sep. 2021 )) / count ) / Cost of Goods Sold (Q: Sep. 2021 )*Days in Period
=( (0.204 + 0.322) / 2 ) / 0.875*365 / 4
=0.263 / 0.875*365 / 4
=27.43

* 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.


Fortune Valley Treasures Days Payable Related Terms

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


Fortune Valley Treasures Business Description

Fortune Valley Treasures logo
Industry
Consumer Cyclical » Retail - Cyclical NAICS : 445310 SIC : 5921
Traded in Other Exchanges
N/A
Address
Qiaoxiang Road, Shahe Street, 13th Floor, Building B1, Wisdom Plaza, Nanshan District, Guangdong, Shenzhen, CHN, 518000
Fortune Valley Treasures Inc is engaged in operations of wholesale distribution and retail sales of food and beverage products in the People's Republic of China. The company is into acquiring businesses that are into food, beverage, and alcohol industries. Its products include a variety of wines, such as dry red wine, dry white wine, rose wine, and sweet wine, and other products. Its products are sold to retailers, such as wine shops, convenience stores, and supermarkets.
Executives
Lin Kaihong director, officer: CFO, Treasurer, Director NO. 10 OF TUANJIE 2ND ROAD BEICE, HUMEN DONGGUAN, GUANGDONG F4 518000
Shen Xinlong director, 10 percent owner, officer: CEO, CFO 19F, LIANHE TOWER, 1069 NANHAI AVE, NANSHAN DISTRICT SHENZHEN F4 518000

Fortune Valley Treasures Headlines

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