Gujarat Hy-Spin (BOM:540938) Days Payable

: 9.21 (As of Sep. 2023)

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Gujarat Hy-Spin's average Accounts Payable for the six months ended in Sep. 2023 was ₹21.2 Mil. Gujarat Hy-Spin's Cost of Goods Sold for the six months ended in Sep. 2023 was ₹419.6 Mil. Hence, Gujarat Hy-Spin's Days Payable for the six months ended in Sep. 2023 was 9.21.

The historical rank and industry rank for Gujarat Hy-Spin's Days Payable or its related term are showing as below:

BOM:540938' s Days Payable Range Over the Past 10 Years
Min: 11.42 Med: 22.52 Max: 51.74
Current: 11.42

During the past 11 years, Gujarat Hy-Spin's highest Days Payable was 51.74. The lowest was 11.42. And the median was 22.52.

BOM:540938's Days Payable is ranked worse than
93.36% of 1024 companies
in the Manufacturing - Apparel & Accessories industry
Industry Median: 56.46 vs BOM:540938: 11.42

Gujarat Hy-Spin's Days Payable declined from Sep. 2022 (22.76) to Sep. 2023 (9.21). It may suggest that Gujarat Hy-Spin accelerated paying its suppliers.

Gujarat Hy-Spin Days Payable Historical Data

The historical data trend for Gujarat Hy-Spin'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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Gujarat Hy-Spin Annual Data

Trend

Mar14

Mar15

Mar16

Mar17

Mar18

Mar19

Mar20

Mar21

Mar22

Mar23

Days Payable

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27.59

35.47

23.26

19.48

21.60

Gujarat Hy-Spin Semi-Annual Data
	Mar13	Mar14	Mar15	Mar16	Mar17	Sep17	Mar18	Sep18	Mar19	Sep19	Mar20	Sep20	Mar21	Sep21	Mar22	Sep22	Mar23	Sep23
Days Payable	Get a 7-Day Free Trial													16.23	18.42	22.76	15.52	9.21

Competitive Comparison

For the Textile Manufacturing subindustry, Gujarat Hy-Spin'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.

Gujarat Hy-Spin Days Payable Distribution

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

* The bar in red indicates where Gujarat Hy-Spin's Days Payable falls into.

Gujarat Hy-Spin 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.

Gujarat Hy-Spin'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
=	( (35.897	+	23.446)	/	2 )	/	501.432	*	365
=	29.6715					/	501.432	*	365
=	21.60

Gujarat Hy-Spin's Days Payable for the quarter that ended in Sep. 2023 is calculated as:

	Days Payable (Q: Sep. 2023 )
=	Average Accounts Payable					/	Cost of Goods Sold	*	Days in Period
=	( (Accounts Payable (Q: Mar. 2023 )	+	Accounts Payable (Q: Sep. 2023 ))	/	count )	/	Cost of Goods Sold (Q: Sep. 2023 )	*	Days in Period
=	( (23.446	+	18.916)	/	2 )	/	419.634	*	365 / 2
=	21.181					/	419.634	*	365 / 2
=	9.21

Gujarat Hy-Spin Days Payable Related Terms

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Gujarat Hy-Spin (BOM:540938) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Consumer Cyclical » Manufacturing - Apparel & Accessories » Gujarat Hy-Spin Ltd (BOM:540938) » Definitions » Days Payable

Traded in Other Exchanges

N/A

Address

Gundala Road, P. O. Box No. 22, Rajkot District, Gondal, GJ, IND, 360311

Website

http://www.gujarathyspin.com

Gujarat Hy-Spin Ltd operates in the textile industry. Principally, it is engaged in the business of manufacturing cotton yarns as well as trading in cotton and other related items. In addition, it also produces ring yarns. The company sells cotton yarns to dealers who market it to other industrial units for weaving and other purposes. Its products comprise cotton bales, cotton waste, cotton yarn, raw cotton, wash oil, cotton seeds, and others. The company generates maximum revenue through the sale of its cotton yarn product.

Gujarat Hy-Spin (BOM:540938) Headlines

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