Cool Caps Industries (NSE:COOLCAPS) Days Payable : 33.68 (As of Mar. 2023)

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What is Cool Caps Industries Days Payable?

Cool Caps Industries's average Accounts Payable for the three months ended in Mar. 2023 was ₹200 Mil. Cool Caps Industries's Cost of Goods Sold for the three months ended in Mar. 2023 was ₹542 Mil. Hence, Cool Caps Industries's Days Payable for the three months ended in Mar. 2023 was 33.68.

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

NSE:COOLCAPS's Days Payable is not ranked ^*
in the Packaging & Containers industry.
Industry Median: 57.59
* Ranked among companies with meaningful Days Payable only.

Cool Caps Industries's Days Payable increased from Mar. 2022 (26.84) to Mar. 2023 (33.68). It may suggest that Cool Caps Industries delayed paying its suppliers.

Cool Caps Industries Days Payable Historical Data

The historical data trend for Cool Caps 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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Cool Caps Industries Days Payable Chart

Cool Caps Industries Annual Data

Trend

Mar19

Mar20

Mar21

Mar22

Mar23

Days Payable

42.71

31.85

44.80

36.23

27.84

Cool Caps Industries Quarterly Data
	Mar19	Mar20	Mar21	Jun21	Sep21	Dec21	Mar22	Jun22	Sep22	Dec22	Mar23
Days Payable	Get a 7-Day Free Trial						26.84	17.71	33.57	17.62	33.68

Competitive Comparison of Cool Caps Industries's Days Payable

For the Packaging & Containers subindustry, Cool Caps 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.

Cool Caps Industries's Days Payable Distribution in the Packaging & Containers Industry

For the Packaging & Containers industry and Consumer Cyclical sector, Cool Caps Industries's Days Payable distribution charts can be found below:

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

Cool Caps 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.

Cool Caps 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
=	( (42.648	+	200.216)	/	2 )	/	1592.304	*	365
=	121.432					/	1592.304	*	365
=	27.84

Cool Caps Industries's Days Payable for the quarter that ended in Mar. 2023 is calculated as:

	Days Payable (Q: Mar. 2023 )
=	Average Accounts Payable					/	Cost of Goods Sold	*	Days in Period
=	( (Accounts Payable (Q: Dec. 2022 )	+	Accounts Payable (Q: Mar. 2023 ))	/	count )	/	Cost of Goods Sold (Q: Mar. 2023 )	*	Days in Period
=	( (0	+	200.216)	/	1 )	/	542.43	*	365 / 4
=	200.216					/	542.43	*	365 / 4
=	33.68

Cool Caps Industries Days Payable Related Terms

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Cool Caps Industries (NSE:COOLCAPS) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Consumer Cyclical » Packaging & Containers » Cool Caps Industries Ltd (NSE:COOLCAPS) » Definitions » Days Payable

Comparable Companies

Traded in Other Exchanges

N/A

Address

23, Sarat Bose Road, Annapurna Apartment, 1st Floor, Flat No. 1C, Kolkata, WB, IND, 700020

Website

https://www.coolcapsindustries.in

Cool Caps Industries Ltd is engaged in the business of manufacturing a range of plastic bottle caps and closures such as plastic soda bottle caps, plastic soft drink bottle caps, plastic mineral water bottle caps, and plastic juice bottle caps.

Cool Caps Industries (NSE:COOLCAPS) Headlines

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