FTDL (FirsTime Design) Days Payable: 13.63 (As of Dec. 2012)


What is FirsTime Design Days Payable?

FirsTime Design FTDL Days Payable is 13.63 as of Dec. 2012.

FirsTime Design's average Accounts Payable for the three months ended in Dec. 2012 was $0.32 Mil. FirsTime Design's Cost of Goods Sold for the three months ended in Dec. 2012 was $2.17 Mil. Hence, FirsTime Design's Days Payable for the three months ended in Dec. 2012 was 13.63.

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

FTDL's Days Payable is not ranked *
in the Furnishings, Fixtures & Appliances industry.
Industry Median: 64.14
* Ranked among companies with meaningful Days Payable only.

FirsTime Design's Days Payable declined from Dec. 2011 (18.58) to Dec. 2012 (13.63). It may suggest that FirsTime Design accelerated paying its suppliers.

FirsTime Design Days Payable Historical Data

* Premium members only.

The historical data trend for FirsTime Design'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.

FirsTime Design Days Payable Chart

FirsTime Design Annual Data
Trend Dec03 Dec04 Dec05 Dec06 Dec07 Dec08 Dec09 Dec10 Dec11 Dec12
Days Payable
Get a 7-Day Free Trial Premium Member Only Premium Member Only 22.35 18.74 16.39 23.87 14.47

FirsTime Design Quarterly Data
Mar08 Jun08 Sep08 Dec08 Mar09 Jun09 Sep09 Dec09 Mar10 Jun10 Sep10 Dec10 Mar11 Jun11 Sep11 Dec11 Mar12 Jun12 Sep12 Dec12
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 18.58 23.69 20.63 24.48 13.63

FTDL vs EFOI: Days Payable Comparison

For the Furnishings, Fixtures & Appliances subindustry, FirsTime Design'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.

FirsTime Design Days Payable vs Furnishings, Fixtures & Appliances Industry

For the Furnishings, Fixtures & Appliances industry and Consumer Cyclical sector, FirsTime Design's Days Payable distribution charts can be found below:

* The bar in red indicates where FirsTime Design's Days Payable falls into.


FirsTime Design 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.

FirsTime Design's Days Payable for the fiscal year that ended in Dec. 2012 is calculated as

Days Payable (A: Dec. 2012 )
=Average Accounts Payable /Cost of Goods Sold*Days in Period
=( (Accounts Payable (A: Dec. 2011 ) + Accounts Payable (A: Dec. 2012 )) / count ) / Cost of Goods Sold (A: Dec. 2012 )*Days in Period
=( (0.32 + 0.155) / 2 ) / 5.989*365
=0.2375 / 5.989*365
=14.47

FirsTime Design's Days Payable for the quarter that ended in Dec. 2012 is calculated as:

Days Payable (Q: Dec. 2012 )
=Average Accounts Payable / Cost of Goods Sold*Days in Period
=( (Accounts Payable (Q: Sep. 2012 ) + Accounts Payable (Q: Dec. 2012 )) / count ) / Cost of Goods Sold (Q: Dec. 2012 )*Days in Period
=( (0.492 + 0.155) / 2 ) / 2.166*365 / 4
=0.3235 / 2.166*365 / 4
=13.63

* 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 13.63 mean?
FirsTime Design (FTDL) has a Days Payable of 13.63 as of Dec. 2012. Days payable represents the average amount of days a company waits to pay its invoices from suppliers. View historical data on FirsTime Design and its competitors.
Is FirsTime Design's Days Payable too high?
FirsTime Design's current Days Payable is 13.63. The Furnishings, Fixtures & Appliances industry median Days Payable is 64.14. FirsTime Design's value of 13.63 is 78.7% below this industry median.
How does FirsTime Design's Days Payable compare to EFOI?
FirsTime Design's Days Payable of 13.63 can be compared against companies in the Furnishings, Fixtures & Appliances industry. The industry median Days Payable is 64.14. FirsTime Design's value of 13.63 is 78.7% 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 Furnishings, Fixtures & Appliances company?
The median Days Payable among Furnishings, Fixtures & Appliances companies is 64.14, based on 415 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. FirsTime Design's current Days Payable of 13.63 is 78.7% 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 FirsTime Design and its competitors. For the Furnishings, Fixtures & Appliances industry, the median Days Payable is 64.14 — values significantly above this may indicate overvaluation, while values below may suggest a bargain or underlying issues. FirsTime Design's current Days Payable is 13.63. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is FirsTime Design stock overvalued right now?
FirsTime Design (FTDL) has a current Days Payable of 13.63. The current Days Payable is 13.63 and 78.7% below the Furnishings, Fixtures & Appliances industry median of 64.14. 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 FirsTime Design (FTDL), the current Days Payable is 13.63 as of Dec. 2012. 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.

FirsTime Design Business Description

Address W237 N2889 Woodgate Road, Suite F, Pewaukee, WI, USA, 53072
FirsTime Design Ltd, through its subsidiaries, designs, imports, and distributes decorative timepieces and other home decor products. It distributes commercial mattresses and bedding accessories. In addition, it offers custom packaging and product merchandising services. It sells its products through retailers in the United States. The group has manufacturing partners in China with some in Egypt, India, Italy, Taiwan, the United States, and Vietnam.