Garware Technical Fibres (BOM:509557) Days Payable : 214.38 (As of Dec. 2023)

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What is Garware Technical Fibres Days Payable?

Garware Technical Fibres's average Accounts Payable for the three months ended in Dec. 2023 was ₹1,941 Mil. Garware Technical Fibres's Cost of Goods Sold for the three months ended in Dec. 2023 was ₹826 Mil. Hence, Garware Technical Fibres's Days Payable for the three months ended in Dec. 2023 was 214.38.

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

BOM:509557' s Days Payable Range Over the Past 10 Years
Min: 65.47 Med: 185.44 Max: 211.96
Current: 147.41

During the past 13 years, Garware Technical Fibres's highest Days Payable was 211.96. The lowest was 65.47. And the median was 185.44.

BOM:509557's Days Payable is ranked better than
86.73% of 1025 companies
in the Manufacturing - Apparel & Accessories industry
Industry Median: 56.44 vs BOM:509557: 147.41

Garware Technical Fibres's Days Payable declined from Dec. 2022 (224.86) to Dec. 2023 (214.38). It may suggest that Garware Technical Fibres accelerated paying its suppliers.

Garware Technical Fibres Days Payable Historical Data

The historical data trend for Garware Technical Fibres'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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Garware Technical Fibres Days Payable Chart

Garware Technical Fibres Annual Data

Trend

Mar14

Mar15

Mar16

Mar17

Mar18

Mar19

Mar20

Mar21

Mar22

Mar23

Days Payable

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182.19

194.58

210.47

188.69

145.06

Garware Technical Fibres 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															224.86	83.26	197.82	190.73	214.38

Competitive Comparison of Garware Technical Fibres's Days Payable

For the Textile Manufacturing subindustry, Garware Technical Fibres'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.

Garware Technical Fibres's Days Payable Distribution in the Manufacturing - Apparel & Accessories Industry

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

* The bar in red indicates where Garware Technical Fibres's Days Payable falls into.

Garware Technical Fibres 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.

Garware Technical Fibres'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
=	( (2104.957	+	1938.823)	/	2 )	/	5087.522	*	365
=	2021.89					/	5087.522	*	365
=	145.06

Garware Technical Fibres'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
=	( (1940.618	+	0)	/	1 )	/	826.013	*	365 / 4
=	1940.618					/	826.013	*	365 / 4
=	214.38

Garware Technical Fibres Days Payable Related Terms

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Garware Technical Fibres (BOM:509557) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Consumer Cyclical » Manufacturing - Apparel & Accessories » Garware Technical Fibres Ltd (BOM:509557) » Definitions » Days Payable

Traded in Other Exchanges

GARFIBRES:India

Address

Plot No. 11, Block D - 1, MIDC, Chinchwad, Pune, MH, IND, 411019

Website

https://www.garwarefibres.com

Garware Technical Fibres Ltd is involved in the textile business. The firm provides application-focused solutions for various sectors including deep-sea fishing, aquaculture, shipping, agriculture, sports, infrastructure, and transportation. Its operating segment includes Synthetic Cordage and Fibre and Industrial Products and Projects. The company generates maximum revenue from the Synthetic Cordage segment. Its products include ropes, twine, yarn, fishnet, and other nets.

Garware Technical Fibres (BOM:509557) Headlines

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