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The historical rank and industry rank for McRae Industries's Days Payable or its related term are showing as below:
MCRAA's Days Payable is not ranked *
in the Manufacturing - Apparel & Accessories industry.
Industry Median: 54.265 * Ranked among companies with meaningful Days Payable only.
McRae Industries's Days Payable
declined
from Jul. 2021 (23.00) to Jul. 2023 (14.65).
It may suggest that McRae Industriesaccelerated paying its suppliers.
McRae Industries Days Payable Related Terms
McRae Industries Days Payable Historical Data
* Premium members only.
The historical data trend for McRae Industries'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.
For the Footwear & Accessories subindustry, McRae Industries'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.
McRae Industries Days Payable vs Manufacturing - Apparel & Accessories Industry
For the Manufacturing - Apparel & Accessories industry and Consumer Cyclical sector, McRae Industries's Days Payable distribution charts can be found below:
* The bar in red indicates where McRae Industries'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.
McRae Industries's Days Payable for the fiscal year that ended in Jul. 2023 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.
McRae Industries (MCRAA) has a Days Payable of 14.65 as of Jul. 2023. Days payable represents the average amount of days a company waits to pay its invoices from suppliers. View historical data on McRae Industries and its competitors.
Is McRae Industries' Days Payable too high?
McRae Industries' current Days Payable is 14.65. The Manufacturing - Apparel & Accessories industry median Days Payable is 54.27. McRae Industries' value of 14.65 is 73% below this industry median. Overall, McRae Industries has a GF Score™ of 12/100, reflecting its overall financial health beyond just this single metric.
How does McRae Industries' Days Payable compare to RCKY and DBI?
McRae Industries' Days Payable of 14.65 can be compared against companies in the Manufacturing - Apparel & Accessories industry. The industry median Days Payable is 54.27. McRae Industries' value of 14.65 is 73% 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 Manufacturing - Apparel & Accessories company?
The median Days Payable among Manufacturing - Apparel & Accessories companies is 54.27, based on 1,018 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. McRae Industries's current Days Payable of 14.65 is 73% 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 McRae Industries and its competitors. For the Manufacturing - Apparel & Accessories industry, the median Days Payable is 54.27 — values significantly above this may indicate overvaluation, while values below may suggest a bargain or underlying issues. McRae Industries's current Days Payable is 14.65. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is McRae Industries stock overvalued right now?
McRae Industries (MCRAA) has a current Days Payable of 14.65. The current Days Payable is 14.65 and 73% below the Manufacturing - Apparel & Accessories industry median of 54.27. McRae Industries' overall GF Score™ is 12/100. 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 McRae Industries (MCRAA), the current Days Payable is 14.65 as of Jul. 2023. 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.
McRae Industries Inc operates in the footwear industry. It is engaged in the manufacturing, sales, and distribution of boot products targeted to the western lifestyle and work boot markets. The company also manufactures military combat boots for the U.S. Government and operates other smaller businesses. It has a wholly owned subsidiary that designs, markets, and distributes men's, women's, and children's footwear under the following brands: Dan Post, Laredo Western Boots, Dingo, and McRae Footwear.
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