Acknit Industries (BOM:530043) Days Payable : 74.16 (As of Dec. 2023)

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What is Acknit Industries Days Payable?

Acknit Industries's average Accounts Payable for the three months ended in Dec. 2023 was ₹210 Mil. Acknit Industries's Cost of Goods Sold for the three months ended in Dec. 2023 was ₹258 Mil. Hence, Acknit Industries's Days Payable for the three months ended in Dec. 2023 was 74.16.

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

BOM:530043' s Days Payable Range Over the Past 10 Years
Min: 33.83 Med: 49.78 Max: 60.25
Current: 52.82

During the past 13 years, Acknit Industries's highest Days Payable was 60.25. The lowest was 33.83. And the median was 49.78.

BOM:530043's Days Payable is ranked worse than
52.93% of 1024 companies
in the Manufacturing - Apparel & Accessories industry
Industry Median: 56.345 vs BOM:530043: 52.82

Acknit Industries's Days Payable increased from Dec. 2022 (63.20) to Dec. 2023 (74.16). It may suggest that Acknit Industries delayed paying its suppliers.

Acknit Industries Days Payable Historical Data

The historical data trend for Acknit 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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Acknit Industries Days Payable Chart

Acknit Industries Annual Data

Trend

Mar14

Mar15

Mar16

Mar17

Mar18

Mar19

Mar20

Mar21

Mar22

Mar23

Days Payable

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49.60

49.96

43.30

39.77

33.83

Acknit 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															63.20	33.96	37.78	55.36	74.16

Competitive Comparison of Acknit Industries's Days Payable

For the Footwear & Accessories subindustry, Acknit 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.

Acknit Industries's Days Payable Distribution in the Manufacturing - Apparel & Accessories Industry

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

* The bar in red indicates where Acknit Industries's Days Payable falls into.

Acknit 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.

Acknit Industries'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
=	( (152.804	+	126.822)	/	2 )	/	1508.267	*	365
=	139.813					/	1508.267	*	365
=	33.83

Acknit 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
=	( (209.738	+	0)	/	1 )	/	258.079	*	365 / 4
=	209.738					/	258.079	*	365 / 4
=	74.16

Acknit Industries Days Payable Related Terms

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Acknit Industries (BOM:530043) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Consumer Cyclical » Manufacturing - Apparel & Accessories » Acknit Industries Ltd (BOM:530043) » Definitions » Days Payable

Comparable Companies

Traded in Other Exchanges

N/A

Address

Ecostation, Block - BP, Plot No.7, Sector- V, 5th Floor, Suit No. 504, Salt Lake City, Kolkata, WB, IND, 700091

Website

https://www.acknitindia.com

Acknit Industries Ltd manufactures all types of garments, gloves, and other apparel products. The company operates through four segments namely Hand gloves, Garments, Other & traded items, and Power generation segment. Most of the firm's revenue gets derived from the Hand Gloves segment which consists of cut and sewn dipped gloves, seamless dipped gloves, Canadian/ welder/ driver gloves, Cut resistant gloves, heat resistant gloves, and kelvlar leather gloves.

Acknit Industries (BOM:530043) Headlines

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