Amin Tannery (BOM:541771) Days Payable : 284.09 (As of Sep. 2023)

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What is Amin Tannery Days Payable?

Amin Tannery's average Accounts Payable for the three months ended in Sep. 2023 was ₹199.0 Mil. Amin Tannery's Cost of Goods Sold for the three months ended in Sep. 2023 was ₹63.9 Mil. Hence, Amin Tannery's Days Payable for the three months ended in Sep. 2023 was 284.09.

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

BOM:541771' s Days Payable Range Over the Past 10 Years
Min: 156.92 Med: 185.82 Max: 247.48
Current: 190.25

During the past 10 years, Amin Tannery's highest Days Payable was 247.48. The lowest was 156.92. And the median was 185.82.

BOM:541771's Days Payable is ranked better than
90.83% of 1025 companies
in the Manufacturing - Apparel & Accessories industry
Industry Median: 56.44 vs BOM:541771: 190.25

Amin Tannery's Days Payable increased from Sep. 2022 (257.52) to Sep. 2023 (284.09). It may suggest that Amin Tannery delayed paying its suppliers.

Amin Tannery Days Payable Historical Data

The historical data trend for Amin Tannery'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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Amin Tannery Days Payable Chart

Amin Tannery Annual Data

Trend

Mar14

Mar15

Mar16

Mar17

Mar18

Mar19

Mar20

Mar21

Mar22

Mar23

Days Payable

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165.45

175.91

247.48

222.28

195.72

Amin Tannery Quarterly Data
	Dec18	Mar19	Jun19	Sep19	Dec19	Mar20	Jun20	Sep20	Dec20	Mar21	Jun21	Sep21	Dec21	Mar22	Jun22	Sep22	Dec22	Mar23	Jun23	Sep23
Days Payable	Get a 7-Day Free Trial															257.52	227.10	122.19	222.34	284.09

Competitive Comparison of Amin Tannery's Days Payable

For the Footwear & Accessories subindustry, Amin Tannery'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.

Amin Tannery's Days Payable Distribution in the Manufacturing - Apparel & Accessories Industry

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

* The bar in red indicates where Amin Tannery's Days Payable falls into.

Amin Tannery 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.

Amin Tannery'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
=	( (222.95	+	226.427)	/	2 )	/	419.027	*	365
=	224.6885					/	419.027	*	365
=	195.72

Amin Tannery'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: Jun. 2023 )	+	Accounts Payable (Q: Sep. 2023 ))	/	count )	/	Cost of Goods Sold (Q: Sep. 2023 )	*	Days in Period
=	( (0	+	199.03)	/	1 )	/	63.929	*	365 / 4
=	199.03					/	63.929	*	365 / 4
=	284.09

Amin Tannery Days Payable Related Terms

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Amin Tannery (BOM:541771) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Consumer Cyclical » Manufacturing - Apparel & Accessories » Amin Tannery Ltd (BOM:541771) » Definitions » Days Payable

Comparable Companies

Traded in Other Exchanges

N/A

Address

15/288 C, Civil Lines, Kanpur, UP, IND, 208001

Website

https://www.amintannery.in

Amin Tannery Ltd is an Indian-Based manufacturer and exporter of finished leather and leather shoes. It is engaged in the sale, purchase, manufacturing, refining, export, import, and deals as an agent in all classes of leather, hides, skins, and all chemicals and other materials required for converting hides and skins into leather and the business of tanners, curriers, hide and skin merchants. Its products offering includes finished leather and leather shoes including shoes and boots.

Amin Tannery (BOM:541771) Headlines

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