First Growth Holdings (FRA:FGH) Days Payable : 46.57 (As of Mar. 2017)

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What is First Growth Holdings Days Payable?

First Growth Holdings's average Accounts Payable for the three months ended in Mar. 2017 was €0.15 Mil. First Growth Holdings's Cost of Goods Sold for the three months ended in Mar. 2017 was €0.29 Mil. Hence, First Growth Holdings's Days Payable for the three months ended in Mar. 2017 was 46.57.

The historical rank and industry rank for First Growth Holdings's Days Payable or its related term are showing as below:

FRA:FGH' s Days Payable Range Over the Past 10 Years
Min: 7.74 Med: 41.33 Max: 103.58
Current: 10.99

During the past 5 years, First Growth Holdings's highest Days Payable was 103.58. The lowest was 7.74. And the median was 41.33.

FRA:FGH's Days Payable is not ranked
in the Beverages - Alcoholic industry.
Industry Median: 77.86 vs FRA:FGH: 10.99

First Growth Holdings's Days Payable increased from Mar. 2016 (20.97) to Mar. 2017 (46.57). It may suggest that First Growth Holdings delayed paying its suppliers.

First Growth Holdings Days Payable Historical Data

The historical data trend for First Growth Holdings'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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First Growth Holdings Days Payable Chart

First Growth Holdings Annual Data

Trend

Mar12

Mar13

Jun14

Jun15

Jun16

Days Payable

103.69

44.40

15.00

First Growth Holdings Quarterly Data
	Jun12	Sep12	Dec12	Mar13	Jun13	Sep13	Dec13	Mar14	Jun14	Sep14	Dec14	Mar15	Jun15	Sep15	Dec15	Mar16	Jun16	Sep16	Dec16	Mar17
Days Payable	Get a 7-Day Free Trial															20.97	10.62	12.80	46.86	46.57

Competitive Comparison of First Growth Holdings's Days Payable

For the Beverages - Wineries & Distilleries subindustry, First Growth Holdings'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.

First Growth Holdings's Days Payable Distribution in the Beverages - Alcoholic Industry

For the Beverages - Alcoholic industry and Consumer Defensive sector, First Growth Holdings's Days Payable distribution charts can be found below:

* The bar in red indicates where First Growth Holdings's Days Payable falls into.

First Growth Holdings 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.

First Growth Holdings's Days Payable for the fiscal year that ended in Jun. 2016 is calculated as

	Days Payable (A: Jun. 2016 )
=	Average Accounts Payable					/	Cost of Goods Sold	*	Days in Period
=	( (Accounts Payable (A: Jun. 2015 )	+	Accounts Payable (A: Jun. 2016 ))	/	count )	/	Cost of Goods Sold (A: Jun. 2016 )	*	Days in Period
=	( (0.262	+	0.091)	/	2 )	/	4.295	*	365
=	0.1765					/	4.295	*	365
=	15.00

First Growth Holdings's Days Payable for the quarter that ended in Mar. 2017 is calculated as:

	Days Payable (Q: Mar. 2017 )
=	Average Accounts Payable					/	Cost of Goods Sold	*	Days in Period
=	( (Accounts Payable (Q: Dec. 2016 )	+	Accounts Payable (Q: Mar. 2017 ))	/	count )	/	Cost of Goods Sold (Q: Mar. 2017 )	*	Days in Period
=	( (0.189	+	0.106)	/	2 )	/	0.289	*	365 / 4
=	0.1475					/	0.289	*	365 / 4
=	46.57

First Growth Holdings Days Payable Related Terms

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First Growth Holdings (FRA:FGH) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Consumer Defensive » Beverages - Alcoholic » First Growth Holdings Ltd (FRA:FGH) » Definitions » Days Payable

Comparable Companies

Traded in Other Exchanges

N/A

Address

Website

http://www.firstgrowthholdings.com

First Growth Holdings Ltd is primarily in the business of distribution, marketing, and sale of grape wine products. The company has two geographic segments: Canadian operations and China operation.