CIA Tecidosntanense (BSP:CTSA3) Days Payable

: 95.25 (As of Sep. 2023)

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CIA Tecidosntanense's average Accounts Payable for the three months ended in Sep. 2023 was R$50.3 Mil. CIA Tecidosntanense's Cost of Goods Sold for the three months ended in Sep. 2023 was R$48.2 Mil. Hence, CIA Tecidosntanense's Days Payable for the three months ended in Sep. 2023 was 95.25.

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

BSP:CTSA3' s Days Payable Range Over the Past 10 Years
Min: 9.17 Med: 21.07 Max: 160.56
Current: 160.56

During the past 13 years, CIA Tecidosntanense's highest Days Payable was 160.56. The lowest was 9.17. And the median was 21.07.

BSP:CTSA3's Days Payable is ranked better than
88.07% of 1023 companies
in the Manufacturing - Apparel & Accessories industry
Industry Median: 56.48 vs BSP:CTSA3: 160.56

CIA Tecidosntanense's Days Payable increased from Jun. 2022 (58.61) to Sep. 2023 (95.25). It may suggest that CIA Tecidosntanense delayed paying its suppliers.

CIA Tecidosntanense Days Payable Historical Data

The historical data trend for CIA Tecidosntanense'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.

* Premium members only.

CIA Tecidosntanense Annual Data

Trend

Dec13

Dec14

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Days Payable

22.02

29.92

38.82

45.91

62.12

CIA Tecidosntanense Quarterly Data
	Sep18	Dec18	Mar19	Jun19	Sep19	Dec19	Mar20	Jun20	Sep20	Dec20	Mar21	Jun21	Sep21	Dec21	Mar22	Jun22	Sep22	Dec22	Jun23	Sep23
Days Payable																58.61	48.32	93.95	253.76	95.25

Competitive Comparison

For the Textile Manufacturing subindustry, CIA Tecidosntanense'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.

CIA Tecidosntanense Days Payable Distribution

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

* The bar in red indicates where CIA Tecidosntanense's Days Payable falls into.

CIA Tecidosntanense 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.

CIA Tecidosntanense's Days Payable for the fiscal year that ended in Dec. 2022 is calculated as

	Days Payable (A: Dec. 2022 )
=	Average Accounts Payable					/	Cost of Goods Sold	*	Days in Period
=	( (Accounts Payable (A: Dec. 2021 )	+	Accounts Payable (A: Dec. 2022 ))	/	count )	/	Cost of Goods Sold (A: Dec. 2022 )	*	Days in Period
=	( (84.646	+	42.701)	/	2 )	/	374.132	*	365
=	63.6735					/	374.132	*	365
=	62.12

CIA Tecidosntanense'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
=	( (52.117	+	48.459)	/	2 )	/	48.176	*	365 / 4
=	50.288					/	48.176	*	365 / 4
=	95.25

CIA Tecidosntanense Days Payable Related Terms

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CIA Tecidosntanense (BSP:CTSA3) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Consumer Cyclical » Manufacturing - Apparel & Accessories » CIA Tecidos Santanense (BSP:CTSA3) » Definitions » Days Payable

Traded in Other Exchanges

CTSA4:Brazil

Address

Avenida Osmane Barbosa 1235, Montes Claros, MG, BRA, 39404006

Website

http://www.santanense.com.br

CIA Tecidos Santanense operates in the Broadwoven fabric mills, cotton sector. It is involved in the spinning, weaving, & finishing of woven fabrics used in apparel articles. It offers sportswear apparel products and workwear professional uniforms and personal protective equipment.

CIA Tecidosntanense (BSP:CTSA3) Headlines

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