Time Technoplast (NSE:TIMETECHNO) Days Payable : 40.20 (As of Mar. 2024)

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What is Time Technoplast Days Payable?

Time Technoplast's average Accounts Payable for the three months ended in Mar. 2024 was ₹4,440 Mil. Time Technoplast's Cost of Goods Sold for the three months ended in Mar. 2024 was ₹10,078 Mil. Hence, Time Technoplast's Days Payable for the three months ended in Mar. 2024 was 40.20.

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

NSE:TIMETECHNO' s Days Payable Range Over the Past 10 Years
Min: 43.11 Med: 60.85 Max: 63.95
Current: 43.32

During the past 13 years, Time Technoplast's highest Days Payable was 63.95. The lowest was 43.11. And the median was 60.85.

NSE:TIMETECHNO's Days Payable is ranked worse than
67.76% of 366 companies
in the Packaging & Containers industry
Industry Median: 60.315 vs NSE:TIMETECHNO: 43.32

Time Technoplast's Days Payable declined from Mar. 2023 (43.18) to Mar. 2024 (40.20). It may suggest that Time Technoplast accelerated paying its suppliers.

Time Technoplast Days Payable Historical Data

The historical data trend for Time Technoplast'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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Time Technoplast Days Payable Chart

Time Technoplast Annual Data

Trend

Mar15

Mar16

Mar17

Mar18

Mar19

Mar20

Mar21

Mar22

Mar23

Mar24

Days Payable

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62.40

62.04

47.08

46.54

43.11

Time Technoplast 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															43.18	47.55	45.69	41.40	40.20

Competitive Comparison of Time Technoplast's Days Payable

For the Packaging & Containers subindustry, Time Technoplast'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.

Time Technoplast's Days Payable Distribution in the Packaging & Containers Industry

For the Packaging & Containers industry and Consumer Cyclical sector, Time Technoplast's Days Payable distribution charts can be found below:

* The bar in red indicates where Time Technoplast's Days Payable falls into.

Time Technoplast 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.

Time Technoplast'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
=	( (4060.395	+	4439.6)	/	2 )	/	35982.4	*	365
=	4249.9975					/	35982.4	*	365
=	43.11

Time Technoplast'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	+	4439.6)	/	1 )	/	10078	*	365 / 4
=	4439.6					/	10078	*	365 / 4
=	40.20

Time Technoplast Days Payable Related Terms

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Time Technoplast (NSE:TIMETECHNO) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Consumer Cyclical » Packaging & Containers » Time Technoplast Ltd (NSE:TIMETECHNO) » Definitions » Days Payable

Comparable Companies

Traded in Other Exchanges

532856:India

Address

55, Corporate Avenue, Saki Vihar Road, 2nd Floor, Andheri (East), Mumbai, MH, IND, 400072

Website

https://www.timetechnoplast.com

Time Technoplast Ltd is a packaging solutions provider. It offers industrial packaging products, infrastructure products, technical products, material handling products, and composite cylinders. Its services are divided into two groups; Polymer and Composite products. The Polymer segment is the company's core segment and generates maximum revenues. The Composite products segment provides products such as pressure pipes, prefabricated shelters, and energy storage devices. Apart from India. It has operational footprints in UAE, Bahrain, Egypt, Thailand, Vietnam, Malaysia, Indonesia, the United States, and Taiwan.

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