Birks Group (Birks Group) Days Payable : 133.64 (As of Sep. 2023)

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What is Birks Group Days Payable?

Birks Group's average Accounts Payable for the six months ended in Sep. 2023 was $28.0 Mil. Birks Group's Cost of Goods Sold for the six months ended in Sep. 2023 was $38.2 Mil. Hence, Birks Group's Days Payable for the six months ended in Sep. 2023 was 133.64.

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

BGI' s Days Payable Range Over the Past 10 Years
Min: 80.72 Med: 125.26 Max: 223.13
Current: 125.35

During the past 13 years, Birks Group's highest Days Payable was 223.13. The lowest was 80.72. And the median was 125.26.

BGI's Days Payable is ranked better than
83.02% of 1078 companies
in the Retail - Cyclical industry
Industry Median: 56.405 vs BGI: 125.35

Birks Group's Days Payable increased from Sep. 2022 (112.04) to Sep. 2023 (133.64). It may suggest that Birks Group delayed paying its suppliers.

Birks Group Days Payable Historical Data

The historical data trend for Birks 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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Birks Group Days Payable Chart

Birks Group Annual Data

Trend

Mar14

Mar15

Mar16

Mar17

Mar18

Mar19

Mar20

Mar21

Mar22

Mar23

Days Payable

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119.44

144.19

171.22

115.52

131.07

Birks Group Semi-Annual Data
	Mar14	Sep14	Mar15	Sep15	Mar16	Sep16	Mar17	Sep17	Mar18	Sep18	Mar19	Sep19	Mar20	Sep20	Mar21	Sep21	Mar22	Sep22	Mar23	Sep23
Days Payable	Get a 7-Day Free Trial															133.84	103.65	112.04	121.90	133.64

Competitive Comparison of Birks Group's Days Payable

For the Luxury Goods subindustry, Birks 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.

Birks Group's Days Payable Distribution in the Retail - Cyclical Industry

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

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

Birks 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.

Birks Group's Days Payable for the fiscal year that ended in Mar. 2023 is calculated as

	Days Payable (A: Mar. 2023 )
=	Average Accounts Payable					/	Cost of Goods Sold	*	Days in Period
=	( (Accounts Payable (A: Mar. 2022 )	+	Accounts Payable (A: Mar. 2023 ))	/	count )	/	Cost of Goods Sold (A: Mar. 2023 )	*	Days in Period
=	( (22.347	+	27.512)	/	2 )	/	69.422	*	365
=	24.9295					/	69.422	*	365
=	131.07

Birks Group's Days Payable for the quarter that ended in Sep. 2023 is calculated as:

	Days Payable (Q: Sep. 2023 )
=	Average Accounts Payable					/	Cost of Goods Sold	*	Days in Period
=	( (Accounts Payable (Q: Mar. 2023 )	+	Accounts Payable (Q: Sep. 2023 ))	/	count )	/	Cost of Goods Sold (Q: Sep. 2023 )	*	Days in Period
=	( (27.512	+	28.5)	/	2 )	/	38.246	*	365 / 2
=	28.006					/	38.246	*	365 / 2
=	133.64

Birks Group Days Payable Related Terms

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Birks Group (Birks Group) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Consumer Cyclical » Retail - Cyclical » Birks Group Inc (AMEX:BGI) » Definitions » Days Payable

Comparable Companies

Traded in Other Exchanges

2BG:Germany

Address

2020 Robert-Bourassa Boulevard, Suite 200, Montreal, QC, CAN, H3A 2A5

Website

https://www.birks.com

Birks Group Inc is a part of the leisure industry. The company designs, develops, produces, and retails fine jewelry, timepieces, and gifts. Its operating segment includes Retail and other. The company generates maximum revenue from the Retail segment. Its retail segment consists of retail operations whereby it operates approximately 21 stores in Canada under the Maison Birks brand, one store under the Brinkhaus brand, one store under the Graff brand, and one store under the Patek Phillippe brand. The other segment consists mainly of wholesale business, e-commerce business, and gold exchange business.