Polytex India (BOM:512481) Days Payable : 687.77 (As of Mar. 2024)

View and export this data going back to 1991. Start your Free Trial

What is Polytex India Days Payable?

Polytex India's average Accounts Payable for the three months ended in Mar. 2024 was ₹0.91 Mil. Polytex India's Cost of Goods Sold for the three months ended in Mar. 2024 was ₹0.12 Mil. Hence, Polytex India's Days Payable for the three months ended in Mar. 2024 was 687.77.

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

BOM:512481' s Days Payable Range Over the Past 10 Years
Min: 113.85 Med: 303.37 Max: 783.42
Current: 570.66

During the past 13 years, Polytex India's highest Days Payable was 783.42. The lowest was 113.85. And the median was 303.37.

BOM:512481's Days Payable is ranked better than
89.82% of 285 companies
in the Credit Services industry
Industry Median: 43.72 vs BOM:512481: 570.66

Polytex India's Days Payable declined from Dec. 2022 (1,040.25) to Mar. 2024 (687.77). It may suggest that Polytex India accelerated paying its suppliers.

Polytex India Days Payable Historical Data

The historical data trend for Polytex India'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.

Polytex India Days Payable Chart

Polytex India Annual Data

Trend

Mar15

Mar16

Mar17

Mar18

Mar19

Mar20

Mar21

Mar22

Mar23

Mar24

Days Payable

Get a 7-Day Free Trial

286.01

381.78

218.61

113.85

433.23

Polytex India Quarterly Data
	Mar19	Jun19	Sep19	Dec19	Mar20	Jun20	Sep20	Dec20	Mar21	Jun21	Sep21	Dec21	Mar22	Jun22	Sep22	Dec22	Mar23	Jun23	Dec23	Mar24
Days Payable	Get a 7-Day Free Trial															1,040.25	106.89	106.89	-	687.77

Competitive Comparison of Polytex India's Days Payable

For the Credit Services subindustry, Polytex India'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.

Polytex India's Days Payable Distribution in the Credit Services Industry

For the Credit Services industry and Financial Services sector, Polytex India's Days Payable distribution charts can be found below:

* The bar in red indicates where Polytex India's Days Payable falls into.

Polytex India 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.

Polytex India'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
=	( (0.123	+	0.912)	/	2 )	/	0.436	*	365
=	0.5175					/	0.436	*	365
=	433.23

Polytex India'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	+	0.912)	/	1 )	/	0.121	*	365 / 4
=	0.912					/	0.121	*	365 / 4
=	687.77

Polytex India Days Payable Related Terms

Thank you for viewing the detailed overview of Polytex India's Days Payable provided by GuruFocus.com. Please click on the following links to see related term pages.

Polytex India (BOM:512481) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Financial Services » Credit Services » Polytex India Ltd (BOM:512481) » Definitions » Days Payable

Comparable Companies

Traded in Other Exchanges

N/A

Address

Besant Road, 401, 4th Floor, Nisarg Apartment, Vile Parle (West), Mumbai, MH, IND, 400056

Website

https://www.polytexindia.com

Polytex India Ltd operates as a non-banking financial company (NBFC) in India. The company is engaged in investments and trading in shares and securities as well as provides short-term loans and advances. Geographically, it operates only in India. It generates revenue from Interest income and lending finance.

Polytex India (BOM:512481) Headlines

No Headlines