Tuni Textile Mills (BOM:531411) Days Payable : 66.44 (As of Mar. 2024)

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What is Tuni Textile Mills Days Payable?

Tuni Textile Mills's average Accounts Payable for the three months ended in Mar. 2024 was ₹169.0 Mil. Tuni Textile Mills's Cost of Goods Sold for the three months ended in Mar. 2024 was ₹232.0 Mil. Hence, Tuni Textile Mills's Days Payable for the three months ended in Mar. 2024 was 66.44.

The historical rank and industry rank for Tuni Textile Mills's Days Payable or its related term are showing as below:

BOM:531411' s Days Payable Range Over the Past 10 Years
Min: 30.42 Med: 71.96 Max: 203.59
Current: 93.35

During the past 13 years, Tuni Textile Mills's highest Days Payable was 203.59. The lowest was 30.42. And the median was 71.96.

BOM:531411's Days Payable is ranked better than
73.53% of 1020 companies
in the Manufacturing - Apparel & Accessories industry
Industry Median: 56.16 vs BOM:531411: 93.35

Tuni Textile Mills's Days Payable declined from Mar. 2023 (99.33) to Mar. 2024 (66.44). It may suggest that Tuni Textile Mills accelerated paying its suppliers.

Tuni Textile Mills Days Payable Historical Data

The historical data trend for Tuni Textile Mills'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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Tuni Textile Mills Days Payable Chart

Tuni Textile Mills Annual Data

Trend

Mar15

Mar16

Mar17

Mar18

Mar19

Mar20

Mar21

Mar22

Mar23

Mar24

Days Payable

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203.59

164.16

73.48

70.44

97.70

Tuni Textile Mills 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															99.33	120.24	115.26	108.03	66.44

Competitive Comparison of Tuni Textile Mills's Days Payable

For the Textile Manufacturing subindustry, Tuni Textile Mills'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.

Tuni Textile Mills's Days Payable Distribution in the Manufacturing - Apparel & Accessories Industry

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

* The bar in red indicates where Tuni Textile Mills's Days Payable falls into.

Tuni Textile Mills 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.

Tuni Textile Mills'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
=	( (90.469	+	168.951)	/	2 )	/	484.58	*	365
=	129.71					/	484.58	*	365
=	97.70

Tuni Textile Mills'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	+	168.951)	/	1 )	/	232.025	*	365 / 4
=	168.951					/	232.025	*	365 / 4
=	66.44

Tuni Textile Mills Days Payable Related Terms

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Tuni Textile Mills (BOM:531411) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Consumer Cyclical » Manufacturing - Apparel & Accessories » Tuni Textile Mills Ltd (BOM:531411) » Definitions » Days Payable

Traded in Other Exchanges

N/A

Address

Andheri Kurla road, Suite 267, Building 5b, 2nd Floor, Mittal Industrial Estate, Andheri (East), Mumbai, MH, IND, 400059

Website

https://www.tunitextiles.com

Tuni Textile Mills Ltd is a textile manufacturing company. It is engaged in manufacturing synthetic shirting. The company also focuses on trading activities and job work. The business operates in one segment which is the manufacturing of Synthetic Fabric. The finished fabrics generate maximum revenue for the company. It operates its business only in the Indian market.

Tuni Textile Mills (BOM:531411) Headlines

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