Adinath Textiles (BOM:514113) Days Payable : 19.65 (As of Dec. 2023)

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What is Adinath Textiles Days Payable?

Adinath Textiles's average Accounts Payable for the three months ended in Dec. 2023 was ₹0.06 Mil. Adinath Textiles's Cost of Goods Sold for the three months ended in Dec. 2023 was ₹0.27 Mil. Hence, Adinath Textiles's Days Payable for the three months ended in Dec. 2023 was 19.65.

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

BOM:514113' s Days Payable Range Over the Past 10 Years
Min: 29.35 Med: 75.51 Max: 136.17
Current: 68.55

During the past 13 years, Adinath Textiles's highest Days Payable was 136.17. The lowest was 29.35. And the median was 75.51.

BOM:514113's Days Payable is ranked better than
59.47% of 1024 companies
in the Manufacturing - Apparel & Accessories industry
Industry Median: 56.46 vs BOM:514113: 68.55

Adinath Textiles's Days Payable declined from Dec. 2022 (152.08) to Dec. 2023 (19.65). It may suggest that Adinath Textiles accelerated paying its suppliers.

Adinath Textiles Days Payable Historical Data

The historical data trend for Adinath Textiles'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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Adinath Textiles Days Payable Chart

Adinath Textiles Annual Data

Trend

Mar14

Mar15

Mar16

Mar17

Mar18

Mar19

Mar20

Mar21

Mar22

Mar23

Days Payable

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36.61

106.54

102.99

113.71

113.93

Adinath Textiles 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															152.08	-	-	15.29	19.65

Competitive Comparison of Adinath Textiles's Days Payable

For the Textile Manufacturing subindustry, Adinath Textiles'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.

Adinath Textiles's Days Payable Distribution in the Manufacturing - Apparel & Accessories Industry

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

* The bar in red indicates where Adinath Textiles's Days Payable falls into.

Adinath Textiles 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.

Adinath Textiles'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
=	( (0.329	+	0)	/	1 )	/	1.054	*	365
=	0.329					/	1.054	*	365
=	113.93

Adinath Textiles'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
=	( (0.059	+	0)	/	1 )	/	0.274	*	365 / 4
=	0.059					/	0.274	*	365 / 4
=	19.65

Adinath Textiles Days Payable Related Terms

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Adinath Textiles (BOM:514113) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Consumer Cyclical » Manufacturing - Apparel & Accessories » Adinath Textiles Ltd (BOM:514113) » Definitions » Days Payable

Traded in Other Exchanges

N/A

Address

Chandigarh Road, P.O. Sahabana, Village Bholapur, Ludhiana, PB, IND, 141123

Website

https://www.adinathtextiles.com

Adinath Textiles Ltd is an India-based company engaged in the spinning of worsted and spun yarns. It has manufacturing set up base in Ludhiana in the state of Punjab. It has devoted the principal part of its production capacity to Job works. In addition, the company has taken up the trading activities to avail of the available opportunities. The company has only one segment including the manufacturing of Acrylic and worsted yarn.

Adinath Textiles (BOM:514113) Headlines

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