Axita Cotton (BOM:542285) Days Payable : 1.45 (As of Mar. 2024)

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What is Axita Cotton Days Payable?

Axita Cotton's average Accounts Payable for the three months ended in Mar. 2024 was ₹33 Mil. Axita Cotton's Cost of Goods Sold for the three months ended in Mar. 2024 was ₹2,067 Mil. Hence, Axita Cotton's Days Payable for the three months ended in Mar. 2024 was 1.45.

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

BOM:542285' s Days Payable Range Over the Past 10 Years
Min: 0.17 Med: 2.59 Max: 14.6
Current: 14.6

During the past 11 years, Axita Cotton's highest Days Payable was 14.60. The lowest was 0.17. And the median was 2.59.

BOM:542285's Days Payable is ranked worse than
90.83% of 1014 companies
in the Manufacturing - Apparel & Accessories industry
Industry Median: 57.055 vs BOM:542285: 14.60

Axita Cotton's Days Payable declined from Mar. 2023 (11.67) to Mar. 2024 (1.45). It may suggest that Axita Cotton accelerated paying its suppliers.

Axita Cotton Days Payable Historical Data

The historical data trend for Axita Cotton'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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Axita Cotton Days Payable Chart

Axita Cotton Annual Data

Trend

Mar15

Mar16

Mar17

Mar18

Mar19

Mar20

Mar21

Mar22

Mar23

Mar24

Days Payable

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9.51

14.03

0.77

5.67

3.00

Axita Cotton Quarterly Data
	Mar18	Jun18	Sep18	Mar19	Sep19	Mar20	Sep20	Mar21	Jun21	Sep21	Dec21	Mar22	Jun22	Sep22	Dec22	Mar23	Jun23	Sep23	Dec23	Mar24
Days Payable	Get a 7-Day Free Trial															11.67	5.94	26.63	38.55	1.45

Competitive Comparison of Axita Cotton's Days Payable

For the Textile Manufacturing subindustry, Axita Cotton'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.

Axita Cotton's Days Payable Distribution in the Manufacturing - Apparel & Accessories Industry

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

* The bar in red indicates where Axita Cotton's Days Payable falls into.

Axita Cotton 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.

Axita Cotton'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
=	( (141.112	+	32.913)	/	2 )	/	10585.03	*	365
=	87.0125					/	10585.03	*	365
=	3.00

Axita Cotton'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	+	32.913)	/	1 )	/	2067.262	*	365 / 4
=	32.913					/	2067.262	*	365 / 4
=	1.45

Axita Cotton Days Payable Related Terms

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Axita Cotton (BOM:542285) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Consumer Cyclical » Manufacturing - Apparel & Accessories » Axita Cotton Ltd (BOM:542285) » Definitions » Days Payable

Traded in Other Exchanges

AXITA:India

Address

Kadi Thol Road, Servey No. 324 357 358, Borisana, Kadi, Mahesana, GJ, IND, 382715

Website

http://www.axitacotton.com

Axita Cotton Ltd is an India-based company engaged in the manufacturing, processing, and finishing of Kapas, cotton bales, and cotton seeds. It earns revenue from bales sales domestically, bales sales exports, and Shankar Kapasia.

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