Shiva Texyarn (BOM:511108) Days Payable : 52.73 (As of Dec. 2023)

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What is Shiva Texyarn Days Payable?

Shiva Texyarn's average Accounts Payable for the three months ended in Dec. 2023 was ₹243 Mil. Shiva Texyarn's Cost of Goods Sold for the three months ended in Dec. 2023 was ₹421 Mil. Hence, Shiva Texyarn's Days Payable for the three months ended in Dec. 2023 was 52.73.

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

BOM:511108' s Days Payable Range Over the Past 10 Years
Min: 20.74 Med: 40.56 Max: 49.82
Current: 26.56

During the past 13 years, Shiva Texyarn's highest Days Payable was 49.82. The lowest was 20.74. And the median was 40.56.

BOM:511108's Days Payable is ranked worse than
79.2% of 1024 companies
in the Manufacturing - Apparel & Accessories industry
Industry Median: 56.48 vs BOM:511108: 26.56

Shiva Texyarn's Days Payable increased from Dec. 2022 (15.80) to Dec. 2023 (52.73). It may suggest that Shiva Texyarn delayed paying its suppliers.

Shiva Texyarn Days Payable Historical Data

The historical data trend for Shiva Texyarn'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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Shiva Texyarn Days Payable Chart

Shiva Texyarn Annual Data

Trend

Mar14

Mar15

Mar16

Mar17

Mar18

Mar19

Mar20

Mar21

Mar22

Mar23

Days Payable

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41.75

39.62

49.82

25.63

20.74

Shiva Texyarn 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															15.80	20.07	36.19	35.30	52.73

Competitive Comparison of Shiva Texyarn's Days Payable

For the Textile Manufacturing subindustry, Shiva Texyarn'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.

Shiva Texyarn's Days Payable Distribution in the Manufacturing - Apparel & Accessories Industry

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

* The bar in red indicates where Shiva Texyarn's Days Payable falls into.

Shiva Texyarn 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.

Shiva Texyarn'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
=	( (135.87	+	241.59)	/	2 )	/	3320.843	*	365
=	188.73					/	3320.843	*	365
=	20.74

Shiva Texyarn'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
=	( (243.382	+	0)	/	1 )	/	421.168	*	365 / 4
=	243.382					/	421.168	*	365 / 4
=	52.73

Shiva Texyarn Days Payable Related Terms

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Shiva Texyarn (BOM:511108) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Consumer Cyclical » Manufacturing - Apparel & Accessories » Shiva Texyarn Ltd (BOM:511108) » Definitions » Days Payable

Traded in Other Exchanges

SHIVATEX:India

Address

Krishnaswamy Mudaliar Road, Sri Vari Kikani Center, 3A, 3rd Floor, R.S. Puram, Coimbatore, TN, IND, 641 002

Website

https://www.shivatex.in

Shiva Texyarn Ltd manufactures and markets Cotton yarn and other value-added textile products primarily in India. It operates in the Textiles segment through the divisions of Spinning Mill, Processing, Lamination, Bag, and Garment, among others. The group sells products such as Yarn, Fabrics, Waste cotton and Garments, of which a majority of revenue is derived from the sale of Yarn products. Geographically, the organization has a business presence in India and other countries, of which a majority of the revenue is derived within India.

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