Goldfine Manufacturers (BKK:GFM-R) Days Payable: 15.14 (As of Sep. 2014)


What is Goldfine Manufacturers Days Payable?

Goldfine Manufacturers BKK:GFM-R Days Payable is 15.14 as of Sep. 2014. The stock has 3 warning signs investors should review.

Goldfine Manufacturers's average Accounts Payable for the three months ended in Sep. 2014 was ฿37.99 Mil. Goldfine Manufacturers's Cost of Goods Sold for the three months ended in Sep. 2014 was ฿229.04 Mil. Hence, Goldfine Manufacturers's Days Payable for the three months ended in Sep. 2014 was 15.14.

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

BKK:GFM-R' s Days Payable Range Over the Past 10 Years
Min: 0   Med: 0   Max: 15.57
Current: 15.57

During the past 9 years, Goldfine Manufacturers's highest Days Payable was 15.57. The lowest was 0.00. And the median was 0.00.

BKK:GFM-R's Days Payable is not ranked
in the Retail - Cyclical industry.
Industry Median: 51.215 vs BKK:GFM-R: 15.57

Goldfine Manufacturers's Days Payable increased from Sep. 2013 (15.06) to Sep. 2014 (15.14). It may suggest that Goldfine Manufacturers delayed paying its suppliers.

Goldfine Manufacturers Days Payable Historical Data

* Premium members only.

The historical data trend for Goldfine Manufacturers'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.

Goldfine Manufacturers Days Payable Chart

Goldfine Manufacturers Annual Data
Trend Dec05 Dec06 Dec07 Dec08 Dec09 Dec10 Dec11 Dec12 Dec13
Days Payable
Get a 7-Day Free Trial Premium Member Only 16.93 11.37 9.82 9.35 8.13

Goldfine Manufacturers Quarterly Data
Dec09 Mar10 Jun10 Sep10 Dec10 Mar11 Jun11 Sep11 Dec11 Mar12 Jun12 Sep12 Dec12 Mar13 Jun13 Sep13 Dec13 Mar14 Jun14 Sep14
Days Payable Get a 7-Day Free Trial 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 15.06 13.39 12.69 15.15 15.14

Goldfine Manufacturers Days Payable Competitor Comparison

For the Luxury Goods subindustry, Goldfine Manufacturers'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.

Goldfine Manufacturers Days Payable vs Retail - Cyclical Industry

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

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


Goldfine Manufacturers 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.

Goldfine Manufacturers's Days Payable for the fiscal year that ended in Dec. 2013 is calculated as

Days Payable (A: Dec. 2013 )
=Average Accounts Payable /Cost of Goods Sold*Days in Period
=( (Accounts Payable (A: Dec. 2012 ) + Accounts Payable (A: Dec. 2013 )) / count ) / Cost of Goods Sold (A: Dec. 2013 )*Days in Period
=( (17.072 + 23.654) / 2 ) / 913.957*365
=20.363 / 913.957*365
=8.13

Goldfine Manufacturers's Days Payable for the quarter that ended in Sep. 2014 is calculated as:

Days Payable (Q: Sep. 2014 )
=Average Accounts Payable / Cost of Goods Sold*Days in Period
=( (Accounts Payable (Q: Jun. 2014 ) + Accounts Payable (Q: Sep. 2014 )) / count ) / Cost of Goods Sold (Q: Sep. 2014 )*Days in Period
=( (37.591 + 38.397) / 2 ) / 229.04*365 / 4
=37.994 / 229.04*365 / 4
=15.14

* 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.

Frequently Asked Questions Learn more about Days Payable →
What does a Days Payable of 15.14 mean?
Goldfine Manufacturers (BKK:GFM-R) has a Days Payable of 15.14 as of Sep. 2014. Days payable represents the average amount of days a company waits to pay its invoices from suppliers. View historical data on Goldfine Manufacturers and its competitors.
Is Goldfine Manufacturers' Days Payable too high?
Goldfine Manufacturers' current Days Payable is 15.14. The Retail - Cyclical industry median Days Payable is 51.22. Goldfine Manufacturers' value of 15.14 is 70.4% below this industry median.
How does Goldfine Manufacturers' Days Payable compare to competitors?
Goldfine Manufacturers' Days Payable of 15.14 can be compared against companies in the Retail - Cyclical industry. The industry median Days Payable is 51.22. Goldfine Manufacturers' value of 15.14 is 70.4% below this benchmark. See the competitive comparison table and distribution chart on this page for a detailed peer-by-peer breakdown.
What is a good Days Payable for a Retail - Cyclical company?
The median Days Payable among Retail - Cyclical companies is 51.22, based on 1,102 companies in the industry. Companies in the top quartile (top 25%) have a Days Payable significantly above this median, while those in the bottom quartile fall well below. However, Days Payable should not be evaluated in isolation — investors should consider it alongside profitability, growth, and financial strength metrics. Goldfine Manufacturers's current Days Payable of 15.14 is 70.4% below the industry median. Use the industry distribution chart on this page to see where any company falls relative to its peers.
What does a high Days Payable mean?
A high Days Payable can signal that a stock is expensive relative to its fundamentals. Days payable represents the average amount of days a company waits to pay its invoices from suppliers. View historical data on Goldfine Manufacturers and its competitors. For the Retail - Cyclical industry, the median Days Payable is 51.22 — values significantly above this may indicate overvaluation, while values below may suggest a bargain or underlying issues. Goldfine Manufacturers's current Days Payable is 15.14. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is Goldfine Manufacturers stock overvalued right now?
Goldfine Manufacturers (BKK:GFM-R) has a current Days Payable of 15.14. The current Days Payable is 15.14 and 70.4% below the Retail - Cyclical industry median of 51.22. Investors should evaluate multiple metrics — including profitability, growth, and financial strength — before making a decision.
How is Days Payable calculated?
Days Payable is calculated from a company's financial statements. For Goldfine Manufacturers (BKK:GFM-R), the current Days Payable is 15.14 as of Sep. 2014. GuruFocus calculates this using data sourced from SEC filings and annual reports. See the calculation section and 30-year financial data on this page for the full breakdown.

Goldfine Manufacturers Business Description

Goldfine Manufacturers Public Company Limited was incorporated on 26 September 1989 in Thailand. The Company is a manufacturer, importer and exporter of ornaments and jewelries. It manufactures and exports gold, silver, platinum jewelry sets with diamonds, precious stones, semi-precious stones and others.