Sanrhea Technical Textiles (BOM:514280) Days Payable : 47.26 (As of Dec. 2023)

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What is Sanrhea Technical Textiles Days Payable?

Sanrhea Technical Textiles's average Accounts Payable for the three months ended in Dec. 2023 was ₹58.3 Mil. Sanrhea Technical Textiles's Cost of Goods Sold for the three months ended in Dec. 2023 was ₹112.6 Mil. Hence, Sanrhea Technical Textiles's Days Payable for the three months ended in Dec. 2023 was 47.26.

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

BOM:514280' s Days Payable Range Over the Past 10 Years
Min: 39.09 Med: 60.1 Max: 76.81
Current: 63.18

During the past 13 years, Sanrhea Technical Textiles's highest Days Payable was 76.81. The lowest was 39.09. And the median was 60.10.

BOM:514280's Days Payable is ranked better than
56.42% of 1021 companies
in the Manufacturing - Apparel & Accessories industry
Industry Median: 56.25 vs BOM:514280: 63.18

Sanrhea Technical Textiles's Days Payable declined from Dec. 2022 (93.38) to Dec. 2023 (47.26). It may suggest that Sanrhea Technical Textiles accelerated paying its suppliers.

Sanrhea Technical Textiles Days Payable Historical Data

The historical data trend for Sanrhea Technical Textiles'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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Sanrhea Technical Textiles Days Payable Chart

Sanrhea Technical Textiles Annual Data

Trend

Mar14

Mar15

Mar16

Mar17

Mar18

Mar19

Mar20

Mar21

Mar22

Mar23

Days Payable

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41.14

64.62

74.50

62.58

74.73

Sanrhea Technical Textiles 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															93.38	54.51	50.17	49.00	47.26

Competitive Comparison of Sanrhea Technical Textiles's Days Payable

For the Textile Manufacturing subindustry, Sanrhea Technical Textiles'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.

Sanrhea Technical Textiles's Days Payable Distribution in the Manufacturing - Apparel & Accessories Industry

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

* The bar in red indicates where Sanrhea Technical Textiles's Days Payable falls into.

Sanrhea Technical Textiles 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.

Sanrhea Technical Textiles'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
=	( (115.249	+	66.67)	/	2 )	/	444.259	*	365
=	90.9595					/	444.259	*	365
=	74.73

Sanrhea Technical Textiles'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
=	( (58.313	+	0)	/	1 )	/	112.595	*	365 / 4
=	58.313					/	112.595	*	365 / 4
=	47.26

Sanrhea Technical Textiles Days Payable Related Terms

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Sanrhea Technical Textiles (BOM:514280) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Consumer Cyclical » Manufacturing - Apparel & Accessories » Sanrhea Technical Textiles Ltd (BOM:514280) » Definitions » Days Payable

Traded in Other Exchanges

N/A

Address

Dr. Ambedkar Road, Near G. E. B., District Gandhinagar, Kalol, GJ, IND, 382721

Website

https://www.sanrhea.com

Sanrhea Technical Textiles Ltd is engaged in the manufacturing of textiles. It earns revenue primarily from the sale of Conveyor Belting fabrics, Chafer fabrics for Tyres, Diaphragm fabrics for Auto industries, and Liners. The company caters to both domestic and international markets. The company has only one segment, which is Industrial fabrics. The company derives the majority of its revenue from the domestic markets.

Sanrhea Technical Textiles (BOM:514280) Headlines

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