ITL Industries (BOM:522183) Days Payable : 48.79 (As of Mar. 2024)

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What is ITL Industries Days Payable?

ITL Industries's average Accounts Payable for the three months ended in Mar. 2024 was ₹185 Mil. ITL Industries's Cost of Goods Sold for the three months ended in Mar. 2024 was ₹345 Mil. Hence, ITL Industries's Days Payable for the three months ended in Mar. 2024 was 48.79.

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

BOM:522183' s Days Payable Range Over the Past 10 Years
Min: 61.71 Med: 88.22 Max: 127.55
Current: 64.62

During the past 13 years, ITL Industries's highest Days Payable was 127.55. The lowest was 61.71. And the median was 88.22.

BOM:522183's Days Payable is ranked worse than
59.06% of 2931 companies
in the Industrial Products industry
Industry Median: 76.42 vs BOM:522183: 64.62

ITL Industries's Days Payable declined from Mar. 2023 (71.26) to Mar. 2024 (48.79). It may suggest that ITL Industries accelerated paying its suppliers.

ITL Industries Days Payable Historical Data

The historical data trend for ITL 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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ITL Industries Days Payable Chart

ITL Industries Annual Data

Trend

Mar15

Mar16

Mar17

Mar18

Mar19

Mar20

Mar21

Mar22

Mar23

Mar24

Days Payable

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127.55

84.50

70.59

68.01

61.71

ITL 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															71.26	73.03	72.05	75.27	48.79

Competitive Comparison of ITL Industries's Days Payable

For the Specialty Industrial Machinery subindustry, ITL 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.

ITL Industries's Days Payable Distribution in the Industrial Products Industry

For the Industrial Products industry and Industrials sector, ITL Industries's Days Payable distribution charts can be found below:

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

ITL 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.

ITL 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
=	( (206.181	+	184.627)	/	2 )	/	1155.686	*	365
=	195.404					/	1155.686	*	365
=	61.71

ITL 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	+	184.627)	/	1 )	/	345.278	*	365 / 4
=	184.627					/	345.278	*	365 / 4
=	48.79

ITL Industries Days Payable Related Terms

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ITL Industries (BOM:522183) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Industrials » Industrial Products » ITL Industries Ltd (BOM:522183) » Definitions » Days Payable

Comparable Companies

Traded in Other Exchanges

N/A

Address

111, Sector -B, Sanwer Road, Industrial Area, Indore, MP, IND, 452015

Website

https://www.itl.co.in

ITL Industries Ltd is an India-based company engaged in designing, developing, and creating cutting-edge custom-built engineering equipment. It has two operating segments, Machine Manufacturing, which is the key revenue driver; and Trading Activities. The product portfolio includes Blades, Bandsaw, Circular sawing machines, Pipe manufacturing machines, and Power hacksaw machines, among others.

ITL Industries (BOM:522183) Headlines

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