Gokak Textiles (BOM:532957) Days Payable : 158.15 (As of Mar. 2024)

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What is Gokak Textiles Days Payable?

Gokak Textiles's average Accounts Payable for the three months ended in Mar. 2024 was ₹171 Mil. Gokak Textiles's Cost of Goods Sold for the three months ended in Mar. 2024 was ₹99 Mil. Hence, Gokak Textiles's Days Payable for the three months ended in Mar. 2024 was 158.15.

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

BOM:532957' s Days Payable Range Over the Past 10 Years
Min: 59.57 Med: 107.07 Max: 229.04
Current: 109.22

During the past 13 years, Gokak Textiles's highest Days Payable was 229.04. The lowest was 59.57. And the median was 107.07.

BOM:532957's Days Payable is ranked better than
80.81% of 1016 companies
in the Manufacturing - Apparel & Accessories industry
Industry Median: 57.25 vs BOM:532957: 109.22

Gokak Textiles's Days Payable increased from Mar. 2023 (118.96) to Mar. 2024 (158.15). It may suggest that Gokak Textiles delayed paying its suppliers.

Gokak Textiles Days Payable Historical Data

The historical data trend for Gokak 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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Gokak Textiles Days Payable Chart

Gokak Textiles Annual Data

Trend

Sep14

Sep15

Mar17

Mar18

Mar19

Mar20

Mar21

Mar22

Mar23

Mar24

Days Payable

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147.71

156.18

113.84

127.28

100.29

Gokak Textiles 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															118.96	84.03	92.37	163.33	158.15

Competitive Comparison of Gokak Textiles's Days Payable

For the Textile Manufacturing subindustry, Gokak 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.

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

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

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

Gokak 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.

Gokak Textiles'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
=	( (182.859	+	171.136)	/	2 )	/	644.188	*	365
=	176.9975					/	644.188	*	365
=	100.29

Gokak Textiles'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	+	171.136)	/	1 )	/	98.742	*	365 / 4
=	171.136					/	98.742	*	365 / 4
=	158.15

Gokak Textiles Days Payable Related Terms

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Gokak Textiles (BOM:532957) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Consumer Cyclical » Manufacturing - Apparel & Accessories » Gokak Textiles Ltd (BOM:532957) » Definitions » Days Payable

Traded in Other Exchanges

N/A

Address

Number 1, 12th Cross, 2nd Floor, Ideal Homes, Near Jayanna Circle, Rajarasjeshwari Nagar, Bengaluru, KA, IND, 560098

Website

http://www.gokakmills.com

Gokak Textiles Ltd is a holding company. It is engaged in the business of textiles, manufacturing cotton yarn, blended yarn, industrial fabrics, terry towels, t-shirts, polos, undergarments, and sweaters, among others. It is also engaged in the generation, transmission, distribution, and trading of hydropower and other renewal and non-renewal sources of energy. The company's product categories include dyed yarns, canvas, yarns, and made-ups. Its yarn products include knitting, weaving, towels, socks, sweaters, home furnishing, and industrial and customized yarns. Its canvas products category includes tents, tarpaulins, animal covers, and agriculture covers. Made-ups category includes towels and knitted garments. The company operates in one reportable segment which is Textile.

Gokak Textiles (BOM:532957) Headlines

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