Reliance Chemotex Industries (BOM:503162) Days Payable : 24.56 (As of Mar. 2024)

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What is Reliance Chemotex Industries Days Payable?

Reliance Chemotex Industries's average Accounts Payable for the three months ended in Mar. 2024 was ₹167 Mil. Reliance Chemotex Industries's Cost of Goods Sold for the three months ended in Mar. 2024 was ₹622 Mil. Hence, Reliance Chemotex Industries's Days Payable for the three months ended in Mar. 2024 was 24.56.

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

BOM:503162' s Days Payable Range Over the Past 10 Years
Min: 24.98 Med: 66.33 Max: 78.69
Current: 28.5

During the past 13 years, Reliance Chemotex Industries's highest Days Payable was 78.69. The lowest was 24.98. And the median was 66.33.

BOM:503162's Days Payable is ranked worse than
77.06% of 1020 companies
in the Manufacturing - Apparel & Accessories industry
Industry Median: 56.16 vs BOM:503162: 28.50

Reliance Chemotex Industries's Days Payable declined from Mar. 2023 (27.64) to Mar. 2024 (24.56). It may suggest that Reliance Chemotex Industries accelerated paying its suppliers.

Reliance Chemotex Industries Days Payable Historical Data

The historical data trend for Reliance Chemotex 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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Reliance Chemotex Industries Days Payable Chart

Reliance Chemotex Industries Annual Data

Trend

Mar15

Mar16

Mar17

Mar18

Mar19

Mar20

Mar21

Mar22

Mar23

Mar24

Days Payable

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70.75

66.15

46.22

34.36

24.98

Reliance Chemotex Industries 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															27.64	23.53	39.30	33.75	24.56

Competitive Comparison of Reliance Chemotex Industries's Days Payable

For the Textile Manufacturing subindustry, Reliance Chemotex 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.

Reliance Chemotex Industries's Days Payable Distribution in the Manufacturing - Apparel & Accessories Industry

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

* The bar in red indicates where Reliance Chemotex Industries's Days Payable falls into.

Reliance Chemotex 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.

Reliance Chemotex Industries'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
=	( (143.723	+	167.419)	/	2 )	/	2273.466	*	365
=	155.571					/	2273.466	*	365
=	24.98

Reliance Chemotex Industries'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	+	167.419)	/	1 )	/	622.076	*	365 / 4
=	167.419					/	622.076	*	365 / 4
=	24.56

Reliance Chemotex Industries Days Payable Related Terms

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Reliance Chemotex Industries (BOM:503162) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Consumer Cyclical » Manufacturing - Apparel & Accessories » Reliance Chemotex Industries Ltd (BOM:503162) » Definitions » Days Payable

Traded in Other Exchanges

RELCHEMQ:India

Address

27, Jolly Maker Chambers Number 2, Nariman Point, Mumbai, MH, IND, 400 021

Website

https://www.reliancechemotex.com

Reliance Chemotex Industries Ltd is engaged in the manufacturing of synthetic blended yarn. The company's geographical segments are Sales within India which includes sales to customers located in India and Sales outside India consisting of sales to customers located outside India. It offers various products such as Home furnishing yarns which includes artificial silk carpets, conveyor belt, towels, raised and flat upholstery, and artificial leather, Industrial yarns comprising school uniforms, shawls, medical aids, dyed polyester and viscose yarn. The Company's primary business segment is Yarn. In addition, it also provides Apparel yarns such as knitwear, suiting's and dyed viscose yarns for carpets.

Reliance Chemotex Industries (BOM:503162) Headlines

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