EVKG (Ever-Glory International Group) Days Payable: 59.01 (As of Sep. 2022)

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EVKG Ever-Glory International Group Inc EVKG
16 GF Score
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What is Ever-Glory International Group Days Payable?

Ever-Glory International Group EVKG 16 Days Payable is 59.01 as of Sep. 2022. GuruFocus rates EVKG with a GF Score™ of 16/100.

Ever-Glory International Group's average Accounts Payable for the three months ended in Sep. 2022 was $58.5 Mil. Ever-Glory International Group's Cost of Goods Sold for the three months ended in Sep. 2022 was $90.4 Mil. Hence, Ever-Glory International Group's Days Payable for the three months ended in Sep. 2022 was 59.01.

The historical rank and industry rank for Ever-Glory International Group's Days Payable or its related term are showing as below:

EVKG's Days Payable is not ranked *
in the Manufacturing - Apparel & Accessories industry.
Industry Median: 53.9
* Ranked among companies with meaningful Days Payable only.

Ever-Glory International Group's Days Payable declined from Sep. 2021 (82.58) to Sep. 2022 (59.01). It may suggest that Ever-Glory International Group accelerated paying its suppliers.


Ever-Glory International Group Days Payable Historical Data

* Premium members only.

The historical data trend for Ever-Glory International Group'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.

Ever-Glory International Group Days Payable Chart

Ever-Glory International Group Annual Data
Trend Dec12 Dec13 Dec14 Dec15 Dec16 Dec17 Dec18 Dec19 Dec20 Dec21
Days Payable
Get a 7-Day Free Trial Premium Member Only Premium Member Only 91.94 97.95 110.74 154.13 111.70

Ever-Glory International Group Quarterly Data
Dec17 Mar18 Jun18 Sep18 Dec18 Mar19 Jun19 Sep19 Dec19 Mar20 Jun20 Sep20 Dec20 Mar21 Jun21 Sep21 Dec21 Mar22 Jun22 Sep22
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 82.58 95.81 116.73 111.55 59.01

EVKG vs SSNT, PCYG, WFCF: Days Payable Comparison

For the Apparel Manufacturing subindustry, Ever-Glory International Group'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.


Ever-Glory International Group Days Payable vs Manufacturing - Apparel & Accessories Industry

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

* The bar in red indicates where Ever-Glory International Group's Days Payable falls into.


EVKG
16GF Score
Ever-Glory International Group Inc EVKG
Days Payable is just one metric. See GF Score™, valuation, warning signs, and more.
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Ever-Glory International Group 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.

Ever-Glory International Group's Days Payable for the fiscal year that ended in Dec. 2021 is calculated as

Days Payable (A: Dec. 2021 )
=Average Accounts Payable /Cost of Goods Sold*Days in Period
=( (Accounts Payable (A: Dec. 2020 ) + Accounts Payable (A: Dec. 2021 )) / count ) / Cost of Goods Sold (A: Dec. 2021 )*Days in Period
=( (71.526 + 69.262) / 2 ) / 230.026*365
=70.394 / 230.026*365
=111.70

Ever-Glory International Group's Days Payable for the quarter that ended in Sep. 2022 is calculated as:

Days Payable (Q: Sep. 2022 )
=Average Accounts Payable / Cost of Goods Sold*Days in Period
=( (Accounts Payable (Q: Jun. 2022 ) + Accounts Payable (Q: Sep. 2022 )) / count ) / Cost of Goods Sold (Q: Sep. 2022 )*Days in Period
=( (54.114 + 62.801) / 2 ) / 90.39*365 / 4
=58.4575 / 90.39*365 / 4
=59.01

* 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 59.01 mean?
Ever-Glory International Group (EVKG) has a Days Payable of 59.01 as of Sep. 2022. Days payable represents the average amount of days a company waits to pay its invoices from suppliers. View historical data on Ever-Glory International Group and its competitors.
Is Ever-Glory International Group's Days Payable too high?
Ever-Glory International Group's current Days Payable is 59.01. The Manufacturing - Apparel & Accessories industry median Days Payable is 53.90. Ever-Glory International Group's value of 59.01 is 9.5% above this industry median. Overall, Ever-Glory International Group has a GF Score™ of 16/100, reflecting its overall financial health beyond just this single metric.
How does Ever-Glory International Group's Days Payable compare to SSNT and PCYG?
Ever-Glory International Group's Days Payable of 59.01 can be compared against companies in the Manufacturing - Apparel & Accessories industry. The industry median Days Payable is 53.90. Ever-Glory International Group's value of 59.01 is 9.5% above 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 Manufacturing - Apparel & Accessories company?
The median Days Payable among Manufacturing - Apparel & Accessories companies is 53.90, based on 1,021 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. Ever-Glory International Group's current Days Payable of 59.01 is 9.5% above 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 Ever-Glory International Group and its competitors. For the Manufacturing - Apparel & Accessories industry, the median Days Payable is 53.90 — values significantly above this may indicate overvaluation, while values below may suggest a bargain or underlying issues. Ever-Glory International Group's current Days Payable is 59.01. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is Ever-Glory International Group stock overvalued right now?
Ever-Glory International Group (EVKG) has a current Days Payable of 59.01. The current Days Payable is 59.01 and 9.5% above the Manufacturing - Apparel & Accessories industry median of 53.90. Ever-Glory International Group's overall GF Score™ is 16/100. 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 Ever-Glory International Group (EVKG), the current Days Payable is 59.01 as of Sep. 2022. 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.

Ever-Glory International Group Business Description

Address Ever-Glory Commercial Center, 509 Chengxin Road, Jiangning Development Zone, Jiangsu Province, Nanjing, CHN, 211102
Ever-Glory International Group Inc retails branded fashion apparel and operates as an apparel supply chain solution provider. The company offers apparel to a woman under its various brands such as La go go, Velwin, Sea To Sky, and Idole with over 936 retail locations in China. The firm also offers apparel supply chain solutions aiming at middle-to-high end casual wear, outerwear, and sportswear brands. It manufactures apparel products in the People's Republic of China (PRC). It derives majority of its revenues from its business in Mainland China and has operations spread across HK China, UK, Europe, United States and Japan.
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