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JL (J-Long Group) Days Payable : 37.59 (As of Mar. 2024)


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What is J-Long Group Days Payable?

J-Long Group's average Accounts Payable for the six months ended in Mar. 2024 was $2.26 Mil. J-Long Group's Cost of Goods Sold for the six months ended in Mar. 2024 was $10.99 Mil. Hence, J-Long Group's Days Payable for the six months ended in Mar. 2024 was 37.59.

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

JL' s Days Payable Range Over the Past 10 Years
Min: 35.65   Med: 40.92   Max: 60.66
Current: 41.63

During the past 4 years, J-Long Group's highest Days Payable was 60.66. The lowest was 35.65. And the median was 40.92.

JL's Days Payable is ranked worse than
62.92% of 1022 companies
in the Manufacturing - Apparel & Accessories industry
Industry Median: 55.97 vs JL: 41.63

J-Long Group's Days Payable declined from Mar. 2023 (44.66) to Mar. 2024 (37.59). It may suggest that J-Long Group accelerated paying its suppliers.

J-Long Group Days Payable Historical Data

The historical data trend for J-Long 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.

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J-Long Group Days Payable Chart

J-Long Group Annual Data
Trend Mar21 Mar22 Mar23 Mar24
Days Payable
60.66 40.86 40.97 35.65

J-Long Group Semi-Annual Data
Mar21 Mar22 Sep22 Mar23 Sep23 Mar24
Days Payable Get a 7-Day Free Trial - 38.36 44.66 51.92 37.59

Competitive Comparison of J-Long Group's Days Payable

For the Apparel Manufacturing subindustry, J-Long 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.

J-Long Group's Days Payable Distribution in the Manufacturing - Apparel & Accessories Industry

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

* The bar in red indicates where J-Long Group's Days Payable falls into.


J-Long 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.

J-Long Group's Days Payable for the fiscal year that ended in Mar. 2024 is calculated as

Days Payable (A: Mar. 2024 )
=Average Accounts Payable /Cost of Goods Sold*Days in Period
=( (Accounts Payable (A: Mar. 2023 ) + Accounts Payable (A: Mar. 2024 )) / count ) / Cost of Goods Sold (A: Mar. 2024 )*Days in Period
=( (2.857 + 1.359) / 2 ) / 21.582*365
=2.108 / 21.582*365
=35.65

J-Long Group's Days Payable for the quarter that ended in Mar. 2024 is calculated as:

Days Payable (Q: Mar. 2024 )
=Average Accounts Payable / Cost of Goods Sold*Days in Period
=( (Accounts Payable (Q: Sep. 2023 ) + Accounts Payable (Q: Mar. 2024 )) / count ) / Cost of Goods Sold (Q: Mar. 2024 )*Days in Period
=( (3.169 + 1.359) / 2 ) / 10.992*365 / 2
=2.264 / 10.992*365 / 2
=37.59

* 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.

J-Long Group Days Payable Related Terms

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J-Long Group Business Description

Industry
GURUFOCUS.COM » STOCK LIST » Consumer Cyclical » Manufacturing - Apparel & Accessories » J-Long Group Ltd (NAS:JL) » Definitions » Days Payable
Comparable Companies
Traded in Other Exchanges
N/A
Address
32-40 Wang Lung Street, Flat F, 8th Floor, Houston Industrial Building, Tsuen Wan New Territories, Hong Kong, HKG
Website
https://www.j-long.com
J-Long Group Ltd is an established distributor in Hong Kong of reflective and non-reflective garment trims including, among others, heat transfers, fabrics, woven labels and tapes, sewing badges, piping, zipper pullers and drawcords. It also offers a wide range of apparel solution services to cater to its customers' needs for reflective and non-reflective garment trims, ranging from market trend analysis, product design and development and production to quality control.