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VulcabrasBSP:VULC3 -0.14%91 Days Payable is 23.88 as of Mar. 2026, which is 13% above its 10-year median of 21.10. GuruFocus rates BSP:VULC3 with a GF Score™ of 91/100 and a GF Value™ of R$19.70 (Modestly Undervalued). The stock has 4 warning signs investors should review. Among 1,017 Manufacturing - Apparel & Accessories companies, Vulcabras ranks worse than 83.58% on this metric.
Vulcabras's average Accounts Payable for the
three
months ended in Mar. 2026 was R$121 Mil. Vulcabras's Cost of Goods Sold for the
three
months ended in Mar. 2026 was R$463 Mil.
Hence, Vulcabras's Days Payable for the
three
months ended in Mar. 2026 was 23.88.
The historical rank and industry rank for Vulcabras's Days Payable or its related term are showing as below:
BSP:VULC3'
s Days Payable Range Over the Past 10 Years
Min: 16.11 Med: 21.1 Max: 31.59
Current: 23.04
During the past 13 years, Vulcabras's highest Days Payable was 31.59. The lowest was 16.11. And the median was 21.10.
BSP:VULC3's Days Payable is ranked worse than 83.58% of 1017
companies
in the Manufacturing - Apparel & Accessories industry
Industry Median: 54.22
vs BSP:VULC3: 23.04
Vulcabras's Days Payable
declined
from Mar. 2025 (26.15) to Mar. 2026 (23.88).
It may suggest that Vulcabrasaccelerated paying its suppliers.
Vulcabras Days Payable Related Terms
Vulcabras Days Payable Historical Data
* Premium members only.
The historical data trend for Vulcabras'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.
BSP:VULC3 vs NKE, DECK, ONON: Days Payable Comparison
For the Footwear & Accessories subindustry, Vulcabras'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.
Vulcabras Days Payable vs Manufacturing - Apparel & Accessories Industry
For the Manufacturing - Apparel & Accessories industry and Consumer Cyclical sector, Vulcabras's Days Payable distribution charts can be found below:
* The bar in red indicates where Vulcabras's Days Payable falls into.
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.
Vulcabras's Days Payable for the fiscal year that ended in Dec. 2025 is calculated as
* 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.
Vulcabras (BSP:VULC3) has a Days Payable of 23.88 as of Mar. 2026. Days payable represents the average amount of days a company waits to pay its invoices from suppliers. View historical data on Vulcabras and its competitors. This is 13% above median its historical median of 21.10. Over the past decade, Vulcabras' Days Payable has ranged from 16.11 to 31.59. According to the industry distribution chart, Vulcabras ranks #850 out of 1017 companies in the Manufacturing - Apparel & Accessories industry, placing it in the top 83.6%.
Is Vulcabras' Days Payable too high?
Vulcabras' current Days Payable of 23.88 is 13% above median its 10-year median of 21.10. Over the past 10 years, this metric has ranged from a low of 16.11 to a high of 31.59. The Manufacturing - Apparel & Accessories industry median Days Payable is 54.22. Vulcabras' value of 23.88 is 56% below this industry median. Based on the distribution chart, Vulcabras ranks #850 out of 1017 companies in the Manufacturing - Apparel & Accessories industry, which is in the bottom quartile relative to peers. Overall, Vulcabras has a GF Score™ of 91/100 and is considered Modestly Undervalued, reflecting its overall financial health beyond just this single metric.
How does Vulcabras' Days Payable compare to NKE and DECK?
According to the Manufacturing - Apparel & Accessories industry distribution chart, Vulcabras ranks #850 out of 1017 companies for Days Payable. This places Vulcabras in the lower half of its industry. The industry median Days Payable is 54.22. Vulcabras' value of 23.88 is 56% below this benchmark. Historically, Vulcabras' own Days Payable has ranged from 16.11 to 31.59 over the past decade. While the company's 10-year median is 21.10 vs. the industry median of 54.22, Vulcabras has consistently been below the industry average. 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 Manufacturing - Apparel & Accessories company?
The median Days Payable among Manufacturing - Apparel & Accessories companies is 54.22, based on 1,017 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. Vulcabras's current Days Payable of 23.88 is 56% 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 Vulcabras and its competitors. For the Manufacturing - Apparel & Accessories industry, the median Days Payable is 54.22 — values significantly above this may indicate overvaluation, while values below may suggest a bargain or underlying issues. Vulcabras's current Days Payable is 23.88, which is 13% above median its own 10-year median of 21.10. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is Vulcabras stock overvalued right now?
Based on GuruFocus' analysis, Vulcabras (BSP:VULC3) is currently considered Modestly Undervalued. The stock's GF Value™ is R$19.70, compared to a current price of R$14.34 — trading 27.2% below its estimated fair value. The current Days Payable is 23.88, which is 13% above median its 10-year median of 21.10 and 56% below the Manufacturing - Apparel & Accessories industry median of 54.22. Vulcabras' overall GF Score™ is 91/100 with 4 warning signs to review. 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 Vulcabras (BSP:VULC3), the current Days Payable is 23.88 as of Mar. 2026. 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.
Is Vulcabras (BSP:VULC3) Overvalued in 2026?
Based on GuruFocus' analysis, Vulcabras stock appears to be undervalued.
The current stock price of R$14.34 is trading 27.2% below its estimated GF Value™ of R$19.70.
GuruFocus considers Vulcabras to be Modestly Undervalued.
Key valuation signals for BSP:VULC3:
Days Payable: 23.88 (13% above median its 10-year median of 21.10)
GF Value™: R$19.70 vs. price of R$14.34 (27.2% below fair value)
Industry Position: 56% below the Manufacturing - Apparel & Accessories median (#850 of 1017)
No single metric tells the full story. See the BSP:VULC3 stock analysis page for a complete view including 30-year financials, guru trades, and insider activity.
Vulcabras SA is a Brazil-based company engaged in the trading and production of apparel and accessories products, particularly sportswear and professional footwear. The company manages its own brands like Azaleia, Dijean, Olk, Olympikus, Opanka, and Vulcabras, as well as third-party brands like Mizuno and Under Armour. Along with its subsidiaries, it operates in the segment of production and sale of synthetic footwear for the domestic and foreign markets. The majority of the group's revenue is generated from the sale of sports shoes. Geographically, it derives maximum revenue from the domestic market.
91GF Score
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