N R Spuntech Industries (XTAE:SPNTC) Days Payable : 55.51 (As of Dec. 2023)

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What is N R Spuntech Industries Days Payable?

N R Spuntech Industries's average Accounts Payable for the three months ended in Dec. 2023 was ₪90.0 Mil. N R Spuntech Industries's Cost of Goods Sold for the three months ended in Dec. 2023 was ₪147.9 Mil. Hence, N R Spuntech Industries's Days Payable for the three months ended in Dec. 2023 was 55.51.

The historical rank and industry rank for N R Spuntech Industries's Days Payable or its related term are showing as below:

XTAE:SPNTC' s Days Payable Range Over the Past 10 Years
Min: 42.65 Med: 50.82 Max: 61.34
Current: 55.39

During the past 12 years, N R Spuntech Industries's highest Days Payable was 61.34. The lowest was 42.65. And the median was 50.82.

XTAE:SPNTC's Days Payable is ranked worse than
50.79% of 1014 companies
in the Manufacturing - Apparel & Accessories industry
Industry Median: 56.335 vs XTAE:SPNTC: 55.39

N R Spuntech Industries's Days Payable increased from Dec. 2022 (55.22) to Dec. 2023 (55.51). It may suggest that N R Spuntech Industries delayed paying its suppliers.

N R Spuntech Industries Days Payable Historical Data

The historical data trend for N R Spuntech Industries'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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N R Spuntech Industries Days Payable Chart

N R Spuntech Industries Annual Data

Trend

Dec14

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

Days Payable

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52.94

42.65

47.51

47.90

49.57

N R Spuntech Industries 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															55.22	52.14	59.02	61.35	55.51

Competitive Comparison of N R Spuntech Industries's Days Payable

For the Textile Manufacturing subindustry, N R Spuntech Industries'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.

N R Spuntech Industries's Days Payable Distribution in the Manufacturing - Apparel & Accessories Industry

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

* The bar in red indicates where N R Spuntech Industries's Days Payable falls into.

N R Spuntech Industries 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.

N R Spuntech Industries's Days Payable for the fiscal year that ended in Dec. 2023 is calculated as

	Days Payable (A: Dec. 2023 )
=	Average Accounts Payable					/	Cost of Goods Sold	*	Days in Period
=	( (Accounts Payable (A: Dec. 2022 )	+	Accounts Payable (A: Dec. 2023 ))	/	count )	/	Cost of Goods Sold (A: Dec. 2023 )	*	Days in Period
=	( (84.128	+	78.325)	/	2 )	/	598.136	*	365
=	81.2265					/	598.136	*	365
=	49.57

N R Spuntech Industries'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
=	( (101.646	+	78.325)	/	2 )	/	147.924	*	365 / 4
=	89.9855					/	147.924	*	365 / 4
=	55.51

N R Spuntech Industries Days Payable Related Terms

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N R Spuntech Industries (XTAE:SPNTC) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Consumer Cyclical » Manufacturing - Apparel & Accessories » N R Spuntech Industries Ltd (XTAE:SPNTC) » Definitions » Days Payable

Traded in Other Exchanges

N/A

Address

PO Box 3328, Upper Tiberias, ISR, 14133

Website

http://www.spuntech.com

N R Spuntech Industries Ltd is a developer, manufacturer and supplier of rolled spunlace hydroentangled fabric products. Its provides products for household, medical, cosmetics and feminine care, baby, industrial. Its products include dry wipes, disinfecting wipes, glass wipes, bleach wipes, pads, face masks, baby wipes, hard surface scrubbing wipes.

N R Spuntech Industries (XTAE:SPNTC) Headlines

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