TCNS Clothing Co (NSE:TCNSBRANDS) Days Payable : 115.67 (As of Mar. 2024)

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What is TCNS Clothing Co Days Payable?

TCNS Clothing Co's average Accounts Payable for the three months ended in Mar. 2024 was ₹2,640 Mil. TCNS Clothing Co's Cost of Goods Sold for the three months ended in Mar. 2024 was ₹2,082 Mil. Hence, TCNS Clothing Co's Days Payable for the three months ended in Mar. 2024 was 115.67.

The historical rank and industry rank for TCNS Clothing Co's Days Payable or its related term are showing as below:

NSE:TCNSBRANDS' s Days Payable Range Over the Past 10 Years
Min: 104.44 Med: 131.13 Max: 205.23
Current: 195.56

During the past 11 years, TCNS Clothing Co's highest Days Payable was 205.23. The lowest was 104.44. And the median was 131.13.

NSE:TCNSBRANDS's Days Payable is ranked better than
91.32% of 1014 companies
in the Manufacturing - Apparel & Accessories industry
Industry Median: 56.335 vs NSE:TCNSBRANDS: 195.56

TCNS Clothing Co's Days Payable declined from Mar. 2023 (229.97) to Mar. 2024 (115.67). It may suggest that TCNS Clothing Co accelerated paying its suppliers.

TCNS Clothing Co Days Payable Historical Data

The historical data trend for TCNS Clothing Co'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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TCNS Clothing Co Days Payable Chart

TCNS Clothing Co Annual Data

Trend

Mar15

Mar16

Mar17

Mar18

Mar19

Mar20

Mar21

Mar22

Mar23

Mar24

Days Payable

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107.64

143.03

154.89

196.63

205.23

TCNS Clothing Co 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															229.97	261.04	221.39	294.50	115.67

Competitive Comparison of TCNS Clothing Co's Days Payable

For the Apparel Manufacturing subindustry, TCNS Clothing Co'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.

TCNS Clothing Co's Days Payable Distribution in the Manufacturing - Apparel & Accessories Industry

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

* The bar in red indicates where TCNS Clothing Co's Days Payable falls into.

TCNS Clothing Co 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.

TCNS Clothing Co'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
=	( (2598.85	+	2639.74)	/	2 )	/	4658.3	*	365
=	2619.295					/	4658.3	*	365
=	205.23

TCNS Clothing Co'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	+	2639.74)	/	1 )	/	2082.44	*	365 / 4
=	2639.74					/	2082.44	*	365 / 4
=	115.67

TCNS Clothing Co Days Payable Related Terms

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TCNS Clothing Co (NSE:TCNSBRANDS) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Consumer Cyclical » Manufacturing - Apparel & Accessories » TCNS Clothing Co Ltd (NSE:TCNSBRANDS) » Definitions » Days Payable

Comparable Companies

Traded in Other Exchanges

541700:India

Address

119 and 127, New Manglapuri, W House, Mandi Road, Neelagagan Towers, Sultanpur, Mehrauli, New Delhi, IND, 110030

Website

https://www.wforwoman.com

TCNS Clothing Co Ltd is engaged in designing, manufacturing, marketing, and retailing of women's apparel. The portfolio of products includes top wear, bottom wear, drapes, combination sets, and accessories that cater to everyday wear, casual wear, workwear, and occasion wear.

TCNS Clothing Co (NSE:TCNSBRANDS) Headlines

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