Kitex Garments (NSE:KITEX) Days Payable : 70.72 (As of Dec. 2023)

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What is Kitex Garments Days Payable?

Kitex Garments's average Accounts Payable for the three months ended in Dec. 2023 was ₹498 Mil. Kitex Garments's Cost of Goods Sold for the three months ended in Dec. 2023 was ₹643 Mil. Hence, Kitex Garments's Days Payable for the three months ended in Dec. 2023 was 70.72.

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

NSE:KITEX' s Days Payable Range Over the Past 10 Years
Min: 36.59 Med: 57.07 Max: 81.25
Current: 67.89

During the past 13 years, Kitex Garments's highest Days Payable was 81.25. The lowest was 36.59. And the median was 57.07.

NSE:KITEX's Days Payable is ranked better than
58.96% of 1021 companies
in the Manufacturing - Apparel & Accessories industry
Industry Median: 56.44 vs NSE:KITEX: 67.89

Kitex Garments's Days Payable declined from Dec. 2022 (131.60) to Dec. 2023 (70.72). It may suggest that Kitex Garments accelerated paying its suppliers.

Kitex Garments Days Payable Historical Data

The historical data trend for Kitex Garments'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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Kitex Garments Days Payable Chart

Kitex Garments Annual Data

Trend

Mar14

Mar15

Mar16

Mar17

Mar18

Mar19

Mar20

Mar21

Mar22

Mar23

Days Payable

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61.20

49.47

81.25

50.10

70.94

Kitex Garments 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															131.60	77.64	48.23	102.18	70.72

Competitive Comparison of Kitex Garments's Days Payable

For the Apparel Manufacturing subindustry, Kitex Garments'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.

Kitex Garments's Days Payable Distribution in the Manufacturing - Apparel & Accessories Industry

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

* The bar in red indicates where Kitex Garments's Days Payable falls into.

Kitex Garments 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.

Kitex Garments'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
=	( (619.609	+	429.763)	/	2 )	/	2699.499	*	365
=	524.686					/	2699.499	*	365
=	70.94

Kitex Garments'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
=	( (498.221	+	0)	/	1 )	/	642.859	*	365 / 4
=	498.221					/	642.859	*	365 / 4
=	70.72

Kitex Garments Days Payable Related Terms

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Kitex Garments (NSE:KITEX) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Consumer Cyclical » Manufacturing - Apparel & Accessories » Kitex Garments Ltd (NSE:KITEX) » Definitions » Days Payable

Comparable Companies

Traded in Other Exchanges

521248:India

Address

P.B. No. 5, Kizhakkambalam, Building No. 9/536 A, Aluva, Ernakulam, Kochi, KL, IND, 683562

Website

https://www.kitexgarments.com

Kitex Garments Ltd manufactures cotton garments and fabrics. Garments account for the company's revenue and focus on infant wear such as body suits, sleepwear, rompers, burps, bibs, and training pants. Kitex manufactures the products for companies such as Carters, Gerber, Mothercare, Jockey, Children's Place, Kohl's, and Toys R. The company also owns the Little Star brand and licenses the Lamaze brand for distribution in the United States and Canada. Kitex exports almost all the garments it produces, which it manufactures in India, to the United States and Europe.

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