Grendene (BSP:GRND3) Days Payable : 16.57 (As of Mar. 2024)

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What is Grendene Days Payable?

Grendene's average Accounts Payable for the three months ended in Mar. 2024 was R$54 Mil. Grendene's Cost of Goods Sold for the three months ended in Mar. 2024 was R$299 Mil. Hence, Grendene's Days Payable for the three months ended in Mar. 2024 was 16.57.

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

BSP:GRND3' s Days Payable Range Over the Past 10 Years
Min: 11.5 Med: 14.04 Max: 20.08
Current: 15.13

During the past 13 years, Grendene's highest Days Payable was 20.08. The lowest was 11.50. And the median was 14.04.

BSP:GRND3's Days Payable is ranked worse than
90.7% of 1021 companies
in the Manufacturing - Apparel & Accessories industry
Industry Median: 56.44 vs BSP:GRND3: 15.13

Grendene's Days Payable declined from Mar. 2023 (20.02) to Mar. 2024 (16.57). It may suggest that Grendene accelerated paying its suppliers.

Grendene Days Payable Historical Data

The historical data trend for Grendene'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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Grendene Days Payable Chart

Grendene Annual Data

Trend

Dec14

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

Days Payable

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11.85

20.08

19.10

15.85

16.74

Grendene Quarterly Data
	Jun19	Sep19	Dec19	Mar20	Jun20	Sep20	Dec20	Mar21	Jun21	Sep21	Dec21	Mar22	Jun22	Sep22	Dec22	Mar23	Jun23	Sep23	Dec23	Mar24
Days Payable	Get a 7-Day Free Trial															20.02	18.49	13.70	12.45	16.57

Competitive Comparison of Grendene's Days Payable

For the Footwear & Accessories subindustry, Grendene'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.

Grendene's Days Payable Distribution in the Manufacturing - Apparel & Accessories Industry

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

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

Grendene 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.

Grendene'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
=	( (74.704	+	49.085)	/	2 )	/	1349.924	*	365
=	61.8945					/	1349.924	*	365
=	16.74

Grendene'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: Dec. 2023 )	+	Accounts Payable (Q: Mar. 2024 ))	/	count )	/	Cost of Goods Sold (Q: Mar. 2024 )	*	Days in Period
=	( (49.085	+	59.509)	/	2 )	/	298.938	*	365 / 4
=	54.297					/	298.938	*	365 / 4
=	16.57

Grendene Days Payable Related Terms

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Grendene (BSP:GRND3) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Consumer Cyclical » Manufacturing - Apparel & Accessories » Grendene SA (BSP:GRND3) » Definitions » Days Payable

Comparable Companies

Traded in Other Exchanges

N/A

Address

Avenue Pimentel Gomes 214, Sobral, CE, BRA, 62040-125

Website

https://www.grendene.com.br

Grendene SA is engaged in the development, production, distribution, and sale of plastic footwear for all the socio-economic classes, in the women's, men's, and children's market segments. It also has its own stores, franchises, and web commerce channels, operating under the brands Melissa, Grendha, Zaxy, Rider, Cartago, Grendene Kids, and Ipanema. It also owns the brands Pega Forte and Nuar. Geographically the company operates in Brazil, North America, Asia and Oceania, Europe, Central, and South America, and the Middle East and Africa, out of which a majority of its revenue comes from Brazil.

Grendene (BSP:GRND3) Headlines

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