Culp Inc

NYSE CULP

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Culp Inc Average Collection Period 3 year CAGR for the year ending May 31, 2023: 2.05%

Culp Inc Average Collection Period 3 year CAGR is 2.05% for the year ending May 31, 2023, a 245.20% change year over year. The average collection period measures the average number of days it takes for a company to collect payments from its customers. It is calculated by dividing 365 by the ratio of revenue to the average of receivables and other current assets. A lower average collection period indicates a more efficient collection process and better cash flow management, while a higher period may suggest delayed payments and potential liquidity challenges. CAGR, or the Compound Annual Growth Rate, quantifies the mean annual growth rate of an investment or financial metric over a specified time span, considering the influence of compounding. It is instrumental in determining the true annualized return on an investment.
  • Culp Inc Average Collection Period for the year ending May 31, 2022 was 16.14, a -36.26% change year over year.
  • Culp Inc Average Collection Period for the year ending May 31, 2021 was 25.32, a 23.41% change year over year.
  • Culp Inc Average Collection Period for the year ending May 31, 2020 was 20.51, a 21.81% change year over year.
  • Culp Inc Average Collection Period for the year ending May 31, 2019 was 16.84, a 2.38% change year over year.
NYSE: CULP

Culp Inc

CEO Mr. Franklin N. Saxon
IPO Date March 26, 1990
Location United States
Headquarters 1823 Eastchester Drive, High Point, NC, United States, 27265
Employees 1,333
Sector Consumer Cyclical
Industry Textile manufacturing
Description

Culp, Inc. manufactures, sources, markets, and sells mattress fabrics, sewn covers, and cut and sewn kits for use in mattresses, foundations, and other bedding products in the United States, North America, the Far East, Asia, and internationally. It operates in two segments, Mattress Fabrics and Upholstery Fabrics. The Mattress Fabrics segment offers woven jacquard, knitted, and converted fabrics for use in the production of bedding products, including mattresses, box springs, foundations, and top of bed components. The Upholstery Fabrics segment provides jacquard woven fabrics, velvets, micro denier suedes, woven dobbies, knitted fabrics, piece-dyed woven products, and polyurethane fabrics for use in the production of residential and commercial upholstered furniture, such as sofas, recliners, loveseats, chairs, sectionals, and sofa-beds, as well as office seating and window treatment products; and installation services for customers in the hospitality and commercial industries. Culp, Inc. was incorporated in 1972 and is headquartered in High Point, North Carolina.

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StockViz Staff

September 19, 2024

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