E-Land Apparel (BOM:532820) Days Payable : 74.75 (As of Mar. 2024)

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What is E-Land Apparel Days Payable?

E-Land Apparel's average Accounts Payable for the three months ended in Mar. 2024 was ₹289 Mil. E-Land Apparel's Cost of Goods Sold for the three months ended in Mar. 2024 was ₹352 Mil. Hence, E-Land Apparel's Days Payable for the three months ended in Mar. 2024 was 74.75.

The historical rank and industry rank for E-Land Apparel's Days Payable or its related term are showing as below:

BOM:532820' s Days Payable Range Over the Past 10 Years
Min: 66.36 Med: 79.3 Max: 120.13
Current: 79.88

During the past 13 years, E-Land Apparel's highest Days Payable was 120.13. The lowest was 66.36. And the median was 79.30.

BOM:532820's Days Payable is ranked better than
66.86% of 1014 companies
in the Manufacturing - Apparel & Accessories industry
Industry Median: 56.335 vs BOM:532820: 79.88

E-Land Apparel's Days Payable increased from Mar. 2023 (64.23) to Mar. 2024 (74.75). It may suggest that E-Land Apparel delayed paying its suppliers.

E-Land Apparel Days Payable Historical Data

The historical data trend for E-Land Apparel'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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E-Land Apparel Days Payable Chart

E-Land Apparel Annual Data

Trend

Mar15

Mar16

Mar17

Mar18

Mar19

Mar20

Mar21

Mar22

Mar23

Mar24

Days Payable

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77.07

81.53

70.75

66.36

83.39

E-Land Apparel 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															64.23	55.19	110.68	95.65	74.75

Competitive Comparison of E-Land Apparel's Days Payable

For the Apparel Manufacturing subindustry, E-Land Apparel'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.

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

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

* The bar in red indicates where E-Land Apparel's Days Payable falls into.

E-Land Apparel 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.

E-Land Apparel's Days Payable for the fiscal year that ended in Mar. 2024 is calculated as

	Days Payable (A: Mar. 2024 )
=	Average Accounts Payable					/	Cost of Goods Sold	*	Days in Period
=	( (Accounts Payable (A: Mar. 2023 )	+	Accounts Payable (A: Mar. 2024 ))	/	count )	/	Cost of Goods Sold (A: Mar. 2024 )	*	Days in Period
=	( (228.216	+	288.733)	/	2 )	/	1131.312	*	365
=	258.4745					/	1131.312	*	365
=	83.39

E-Land Apparel'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
=	( (0	+	288.733)	/	1 )	/	352.449	*	365 / 4
=	288.733					/	352.449	*	365 / 4
=	74.75

E-Land Apparel Days Payable Related Terms

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E-Land Apparel (BOM:532820) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Consumer Cyclical » Manufacturing - Apparel & Accessories » E-Land Apparel Ltd (BOM:532820) » Definitions » Days Payable

Comparable Companies

Traded in Other Exchanges

N/A

Address

Singasandra Near Dakshin Honda Showroom Hosur Road, No. 16/2B, Sri Vinayaka Indl Estate, Bengaluru, KA, IND, 560068

Website

https://elandapparel.com

E-Land Apparel Ltd is engaged in the business of manufacture and sale of garments. The company caters to both domestic and international markets. Its product portfolio includes Shirts, Tops, Skirts, Kids Wear, and others. It generate majority of the revenue from outside India.

E-Land Apparel (BOM:532820) Headlines

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