Axel Polymers (BOM:513642) Days Payable : 51.21 (As of Dec. 2023)

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What is Axel Polymers Days Payable?

Axel Polymers's average Accounts Payable for the three months ended in Dec. 2023 was ₹199 Mil. Axel Polymers's Cost of Goods Sold for the three months ended in Dec. 2023 was ₹355 Mil. Hence, Axel Polymers's Days Payable for the three months ended in Dec. 2023 was 51.21.

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

BOM:513642' s Days Payable Range Over the Past 10 Years
Min: 19.95 Med: 76.52 Max: 190.36
Current: 57.89

During the past 13 years, Axel Polymers's highest Days Payable was 190.36. The lowest was 19.95. And the median was 76.52.

BOM:513642's Days Payable is ranked worse than
52.73% of 1502 companies
in the Chemicals industry
Industry Median: 60.4 vs BOM:513642: 57.89

Axel Polymers's Days Payable declined from Dec. 2022 (103.51) to Dec. 2023 (51.21). It may suggest that Axel Polymers accelerated paying its suppliers.

Axel Polymers Days Payable Historical Data

The historical data trend for Axel Polymers'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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Axel Polymers Days Payable Chart

Axel Polymers Annual Data

Trend

Mar14

Mar15

Mar16

Mar17

Mar18

Mar19

Mar20

Mar21

Mar22

Mar23

Days Payable

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19.95

39.12

74.94

83.67

78.10

Axel Polymers 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															103.51	58.24	63.44	65.21	51.21

Competitive Comparison of Axel Polymers's Days Payable

For the Specialty Chemicals subindustry, Axel Polymers'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.

Axel Polymers's Days Payable Distribution in the Chemicals Industry

For the Chemicals industry and Basic Materials sector, Axel Polymers's Days Payable distribution charts can be found below:

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

Axel Polymers 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.

Axel Polymers'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
=	( (161.695	+	156.035)	/	2 )	/	742.479	*	365
=	158.865					/	742.479	*	365
=	78.10

Axel Polymers'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
=	( (199.064	+	0)	/	1 )	/	354.72	*	365 / 4
=	199.064					/	354.72	*	365 / 4
=	51.21

Axel Polymers Days Payable Related Terms

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Axel Polymers (BOM:513642) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Basic Materials » Chemicals » Axel Polymers Ltd (BOM:513642) » Definitions » Days Payable

Comparable Companies

Traded in Other Exchanges

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Address

Off Western Express Highway, B-312, Western Edge II, Borivali East, Mumbai, MH, IND, 400066

Website

https://www.axelindia.com

Axel Polymers Ltd engages in the manufacture of compounds, blends, alloys of engineering polymers, specialty and commodity polymers. Geographically all business activities function in India. It is the manufacturer of Engineering Thermoplastic Compounds in India, catering to Multinationals and Domestic Corporates.

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