Fred's (STU:FR1A) Days Payable : 37.62 (As of Apr. 2019)

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What is Fred's Days Payable?

Fred's's average Accounts Payable for the three months ended in Apr. 2019 was €90 Mil. Fred's's Cost of Goods Sold for the three months ended in Apr. 2019 was €217 Mil. Hence, Fred's's Days Payable for the three months ended in Apr. 2019 was 37.62.

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

STU:FR1A's Days Payable is not ranked ^*
in the Retail - Defensive industry.
Industry Median: 43.96
* Ranked among companies with meaningful Days Payable only.

Fred's's Days Payable declined from Apr. 2018 (50.14) to Apr. 2019 (37.62). It may suggest that Fred's accelerated paying its suppliers.

Fred's Days Payable Historical Data

The historical data trend for Fred's'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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Fred's Days Payable Chart

Fred's Annual Data

Trend

Jan10

Jan11

Jan12

Jan13

Jan14

Jan15

Jan16

Jan17

Jan18

Jan19

Days Payable

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31.19

41.16

40.89

49.33

41.94

Fred's Quarterly Data
	Oct14	Jan15	Apr15	Jul15	Oct15	Jan16	Apr16	Jul16	Oct16	Jan17	Apr17	Jul17	Oct17	Jan18	Apr18	Jul18	Oct18	Jan19	Apr19	Apr20
Days Payable	Get a 7-Day Free Trial															36.16	45.52	40.55	37.62	-

Competitive Comparison of Fred's's Days Payable

For the Discount Stores subindustry, Fred's'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.

Fred's's Days Payable Distribution in the Retail - Defensive Industry

For the Retail - Defensive industry and Consumer Defensive sector, Fred's's Days Payable distribution charts can be found below:

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

Fred's 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.

Fred's's Days Payable for the fiscal year that ended in Jan. 2019 is calculated as

	Days Payable (A: Jan. 2019 )
=	Average Accounts Payable					/	Cost of Goods Sold	*	Days in Period
=	( (Accounts Payable (A: Jan. 2018 )	+	Accounts Payable (A: Jan. 2019 ))	/	count )	/	Cost of Goods Sold (A: Jan. 2019 )	*	Days in Period
=	( (105.955	+	85.066)	/	2 )	/	831.128	*	365
=	95.5105					/	831.128	*	365
=	41.94

Fred's's Days Payable for the quarter that ended in Apr. 2019 is calculated as:

	Days Payable (Q: Apr. 2019 )
=	Average Accounts Payable					/	Cost of Goods Sold	*	Days in Period
=	( (Accounts Payable (Q: Jan. 2019 )	+	Accounts Payable (Q: Apr. 2019 ))	/	count )	/	Cost of Goods Sold (Q: Apr. 2019 )	*	Days in Period
=	( (85.066	+	94.248)	/	2 )	/	217.473	*	365 / 4
=	89.657					/	217.473	*	365 / 4
=	37.62

Fred's Days Payable Related Terms

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Fred's (STU:FR1A) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Consumer Defensive » Retail - Defensive » Fred's Inc (STU:FR1A) » Definitions » Days Payable

Comparable Companies

Traded in Other Exchanges

N/A

Address

4300 New Getwell Road, Memphis, TN, USA, 38118

Website

http://www.fredsinc.com

Fred's Inc is a U.S.-based company that is principally engaged in operating retail stores. Most of the company's stores are self-owned stores, with a few franchised stores. The company's sales mix consists of pharmaceuticals, consumables, household goods and softlines, and franchise, with pharmaceuticals contributing a material portion of total revenue. The company owns 100% of the equity stake in Reeves-Sain Drug Store. The company generates revenue from merchandise sales and franchise fee from franchisees. It also sells gift cards. The company conducts operation primarily in the southeast of the United States.

Fred's (STU:FR1A) Headlines

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