Vardhman Textiles (BOM:502986) Days Payable : 23.40 (As of Mar. 2024)

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What is Vardhman Textiles Days Payable?

Vardhman Textiles's average Accounts Payable for the three months ended in Mar. 2024 was ₹3,584 Mil. Vardhman Textiles's Cost of Goods Sold for the three months ended in Mar. 2024 was ₹13,977 Mil. Hence, Vardhman Textiles's Days Payable for the three months ended in Mar. 2024 was 23.40.

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

BOM:502986' s Days Payable Range Over the Past 10 Years
Min: 14.84 Med: 23.68 Max: 30.53
Current: 23.75

During the past 13 years, Vardhman Textiles's highest Days Payable was 30.53. The lowest was 14.84. And the median was 23.68.

BOM:502986's Days Payable is ranked worse than
81.98% of 1021 companies
in the Manufacturing - Apparel & Accessories industry
Industry Median: 56.86 vs BOM:502986: 23.75

Vardhman Textiles's Days Payable increased from Mar. 2023 (22.02) to Mar. 2024 (23.40). It may suggest that Vardhman Textiles delayed paying its suppliers.

Vardhman Textiles Days Payable Historical Data

The historical data trend for Vardhman Textiles'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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Vardhman Textiles Days Payable Chart

Vardhman Textiles Annual Data

Trend

Mar15

Mar16

Mar17

Mar18

Mar19

Mar20

Mar21

Mar22

Mar23

Mar24

Days Payable

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27.64

30.53

23.02

23.69

23.73

Vardhman Textiles Quarterly Data
	Jun19	Sep19	Dec19	Mar20	Jun20	Sep20	Dec20	Mar21	Jun21	Sep21	Dec21	Mar22	Jun22	Sep22	Dec22	Mar23	Jun23	Sep23	Dec23	Mar24
Days Payable	Get a 7-Day Free Trial															22.02	23.73	23.01	25.00	23.40

Competitive Comparison of Vardhman Textiles's Days Payable

For the Textile Manufacturing subindustry, Vardhman Textiles'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.

Vardhman Textiles's Days Payable Distribution in the Manufacturing - Apparel & Accessories Industry

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

* The bar in red indicates where Vardhman Textiles's Days Payable falls into.

Vardhman Textiles 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.

Vardhman Textiles's Days Payable for the fiscal year that ended in Mar. 2024 is calculated as

	Days Payable (A: Mar. 2024 )
=	Average Accounts Payable					/	Cost of Goods Sold	*	Days in Period
=	( (Accounts Payable (A: Mar. 2023 )	+	Accounts Payable (A: Mar. 2024 ))	/	count )	/	Cost of Goods Sold (A: Mar. 2024 )	*	Days in Period
=	( (3689.4	+	3583.7)	/	2 )	/	55938.2	*	365
=	3636.55					/	55938.2	*	365
=	23.73

Vardhman Textiles's Days Payable for the quarter that ended in Mar. 2024 is calculated as:

	Days Payable (Q: Mar. 2024 )
=	Average Accounts Payable					/	Cost of Goods Sold	*	Days in Period
=	( (Accounts Payable (Q: Dec. 2023 )	+	Accounts Payable (Q: Mar. 2024 ))	/	count )	/	Cost of Goods Sold (Q: Mar. 2024 )	*	Days in Period
=	( (0	+	3583.7)	/	1 )	/	13976.9	*	365 / 4
=	3583.7					/	13976.9	*	365 / 4
=	23.40

Vardhman Textiles Days Payable Related Terms

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Vardhman Textiles (BOM:502986) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Consumer Cyclical » Manufacturing - Apparel & Accessories » Vardhman Textiles Ltd (BOM:502986) » Definitions » Days Payable

Traded in Other Exchanges

VTL:India

Address

Chandigarh Road, Vardhman Premises, Ludhiana, PB, IND, 141010

Website

https://www.vardhman.com

Vardhman Textiles Ltd is a manufacturer and seller of textiles and acrylic fiber. The company is based in India and generates about a quarter of revenue internationally. The company's largest revenue segment is textiles, which offers greige and dyed yarns in a number of fabrics such as cotton, polyester, acrylic, organic cotton, melange, cellulose, and synthetics. Vardhman Textiles provides fabrics for the apparel industry and home textiles and manufactures shirts for retail brands. In addition, the company offers hot-rolled bars for use in industries such as automotive, engineering, and allied industries.

Vardhman Textiles (BOM:502986) Headlines

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