PXFG (Phoenix Footwear Group) Days Payable: 79.78 (As of Dec. 2023)

What is Phoenix Footwear Group Days Payable?

Phoenix Footwear Group PXFG -5.82% 12 Days Payable is 79.78 as of Dec. 2023. GuruFocus rates PXFG with a GF Score™ of 12/100.

Phoenix Footwear Group's average Accounts Payable for the three months ended in Dec. 2023 was $2.67 Mil. Phoenix Footwear Group's Cost of Goods Sold for the three months ended in Dec. 2023 was $3.06 Mil. Hence, Phoenix Footwear Group's Days Payable for the three months ended in Dec. 2023 was 79.78.

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

PXFG's Days Payable is not ranked ^*
in the Manufacturing - Apparel & Accessories industry.
Industry Median: 54.045
* Ranked among companies with meaningful Days Payable only.

Phoenix Footwear Group's Days Payable increased from Dec. 2022 (58.17) to Dec. 2023 (79.78). It may suggest that Phoenix Footwear Group delayed paying its suppliers.

Phoenix Footwear Group Days Payable Related Terms

Phoenix Footwear Group Days Payable Historical Data

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The historical data trend for Phoenix Footwear 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.

Phoenix Footwear Group Days Payable Chart

Phoenix Footwear Group Annual Data

Trend

Dec07

Dec08

Dec09

Dec10

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

Days Payable

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91.92

113.92

65.94

56.62

73.09

Phoenix Footwear Group Quarterly Data
	Mar19	Jun19	Sep19	Dec19	Mar20	Jun20	Sep20	Dec20	Mar21	Jun21	Sep21	Dec21	Mar22	Jun22	Sep22	Dec22	Mar23	Jun23	Sep23	Dec23
Days Payable	Get a 7-Day Free Trial															58.17	62.49	64.60	76.11	79.78

PXFG vs GIII, JL, VNCE: Days Payable Comparison

For the Footwear & Accessories subindustry, Phoenix Footwear 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.

Phoenix Footwear Group Days Payable vs Manufacturing - Apparel & Accessories Industry

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

* The bar in red indicates where Phoenix Footwear Group's Days Payable falls into.

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Phoenix Footwear Group Inc PXFG

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Phoenix Footwear 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.

Phoenix Footwear Group's Days Payable for the fiscal year that ended in Dec. 2023 is calculated as

	Days Payable (A: Dec. 2023 )
=	Average Accounts Payable					/	Cost of Goods Sold	*	Days in Period
=	( (Accounts Payable (A: Dec. 2022 )	+	Accounts Payable (A: Dec. 2023 ))	/	count )	/	Cost of Goods Sold (A: Dec. 2023 )	*	Days in Period
=	( (2.229	+	2.589)	/	2 )	/	12.03	*	365
=	2.409					/	12.03	*	365
=	73.09

Phoenix Footwear Group's Days Payable for the quarter that ended in Dec. 2023 is calculated as:

	Days Payable (Q: Dec. 2023 )
=	Average Accounts Payable					/	Cost of Goods Sold	*	Days in Period
=	( (Accounts Payable (Q: Sep. 2023 )	+	Accounts Payable (Q: Dec. 2023 ))	/	count )	/	Cost of Goods Sold (Q: Dec. 2023 )	*	Days in Period
=	( (2.755	+	2.589)	/	2 )	/	3.056	*	365 / 4
=	2.672					/	3.056	*	365 / 4
=	79.78

Frequently Asked Questions Learn more about Days Payable →

What does a Days Payable of 79.78 mean?

Phoenix Footwear Group (PXFG) has a Days Payable of 79.78 as of Dec. 2023. Days payable represents the average amount of days a company waits to pay its invoices from suppliers. View historical data on Phoenix Footwear Group and its competitors.

Is Phoenix Footwear Group's Days Payable too high?

Phoenix Footwear Group's current Days Payable is 79.78. The Manufacturing - Apparel & Accessories industry median Days Payable is 54.05. Phoenix Footwear Group's value of 79.78 is 47.6% above this industry median. Overall, Phoenix Footwear Group has a GF Score™ of 12/100, reflecting its overall financial health beyond just this single metric.

How does Phoenix Footwear Group's Days Payable compare to GIII and JL?

Phoenix Footwear Group's Days Payable of 79.78 can be compared against companies in the Manufacturing - Apparel & Accessories industry. The industry median Days Payable is 54.05. Phoenix Footwear Group's value of 79.78 is 47.6% 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 54.05, 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. Phoenix Footwear Group's current Days Payable of 79.78 is 47.6% 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 Phoenix Footwear Group and its competitors. For the Manufacturing - Apparel & Accessories industry, the median Days Payable is 54.05 — values significantly above this may indicate overvaluation, while values below may suggest a bargain or underlying issues. Phoenix Footwear Group's current Days Payable is 79.78. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.

Is Phoenix Footwear Group stock overvalued right now?

Phoenix Footwear Group (PXFG) has a current Days Payable of 79.78. The current Days Payable is 79.78 and 47.6% above the Manufacturing - Apparel & Accessories industry median of 54.05. Phoenix Footwear Group's 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 Phoenix Footwear Group (PXFG), the current Days Payable is 79.78 as of Dec. 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.

Phoenix Footwear Group Business Description

Industry Consumer Cyclical Manufacturing - Apparel & Accessories

Comparable Companies GIII JL VNCE JXJT NCI KTB SGC ZGN RL COLM NKE XTER:ADS DECK ONON TSE:7936 SZSE:300979 BIRK SKX XTER:PUM CROX

Address 2236 Rutherford Road, Suite 113, Carlsbad, CA, USA, 92008

Website https://www.phoenixfootwear.com

Phoenix Footwear Group Inc operates in the footwear industry. It is engaged in the manufacturing and distribution of footwear in a range of sizes and widths under the brand's Trotters, SoftWalk, Pendleton, Los Cabos, and Bueno. The company's distribution channels include specialty and independent retail stores, mail order catalogs, uniforms, and internet retailers. It also operates it's own direct-to-consumer internet retail business for all its brands.

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