Bannari Amman Spinning Mills (BOM:532674) Days Payable : 55.81 (As of Dec. 2023)

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What is Bannari Amman Spinning Mills Days Payable?

Bannari Amman Spinning Mills's average Accounts Payable for the three months ended in Dec. 2023 was ₹1,015 Mil. Bannari Amman Spinning Mills's Cost of Goods Sold for the three months ended in Dec. 2023 was ₹1,660 Mil. Hence, Bannari Amman Spinning Mills's Days Payable for the three months ended in Dec. 2023 was 55.81.

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

BOM:532674' s Days Payable Range Over the Past 10 Years
Min: 28.87 Med: 43.77 Max: 67.38
Current: 38.81

During the past 13 years, Bannari Amman Spinning Mills's highest Days Payable was 67.38. The lowest was 28.87. And the median was 43.77.

BOM:532674's Days Payable is ranked worse than
66.31% of 1021 companies
in the Manufacturing - Apparel & Accessories industry
Industry Median: 55.97 vs BOM:532674: 38.81

Bannari Amman Spinning Mills's Days Payable increased from Dec. 2022 (46.77) to Dec. 2023 (55.81). It may suggest that Bannari Amman Spinning Mills delayed paying its suppliers.

Bannari Amman Spinning Mills Days Payable Historical Data

The historical data trend for Bannari Amman Spinning 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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Bannari Amman Spinning Mills Days Payable Chart

Bannari Amman Spinning Mills Annual Data

Trend

Mar14

Mar15

Mar16

Mar17

Mar18

Mar19

Mar20

Mar21

Mar22

Mar23

Days Payable

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48.95

57.22

67.38

44.57

42.97

Bannari Amman Spinning Mills Quarterly Data
	Mar19	Jun19	Sep19	Dec19	Mar20	Jun20	Sep20	Dec20	Mar21	Jun21	Sep21	Dec21	Mar22	Jun22	Sep22	Dec22	Mar23	Jun23	Sep23	Dec23
Days Payable	Get a 7-Day Free Trial															46.77	27.98	61.02	31.40	55.81

Competitive Comparison of Bannari Amman Spinning Mills's Days Payable

For the Textile Manufacturing subindustry, Bannari Amman Spinning 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.

Bannari Amman Spinning Mills's Days Payable Distribution in the Manufacturing - Apparel & Accessories Industry

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

* The bar in red indicates where Bannari Amman Spinning Mills's Days Payable falls into.

Bannari Amman Spinning 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.

Bannari Amman Spinning Mills's Days Payable for the fiscal year that ended in Mar. 2023 is calculated as

	Days Payable (A: Mar. 2023 )
=	Average Accounts Payable					/	Cost of Goods Sold	*	Days in Period
=	( (Accounts Payable (A: Mar. 2022 )	+	Accounts Payable (A: Mar. 2023 ))	/	count )	/	Cost of Goods Sold (A: Mar. 2023 )	*	Days in Period
=	( (1464.148	+	1142.066)	/	2 )	/	11069.351	*	365
=	1303.107					/	11069.351	*	365
=	42.97

Bannari Amman Spinning Mills's Days Payable for the quarter that ended in Dec. 2023 is calculated as:

	Days Payable (Q: Dec. 2023 )
=	Average Accounts Payable					/	Cost of Goods Sold	*	Days in Period
=	( (Accounts Payable (Q: Sep. 2023 )	+	Accounts Payable (Q: Dec. 2023 ))	/	count )	/	Cost of Goods Sold (Q: Dec. 2023 )	*	Days in Period
=	( (1015.22	+	0)	/	1 )	/	1659.861	*	365 / 4
=	1015.22					/	1659.861	*	365 / 4
=	55.81

Bannari Amman Spinning Mills Days Payable Related Terms

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Bannari Amman Spinning Mills (BOM:532674) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Consumer Cyclical » Manufacturing - Apparel & Accessories » Bannari Amman Spinning Mills Ltd (BOM:532674) » Definitions » Days Payable

Traded in Other Exchanges

BASML:India

Address

252, Mettupalayam Road, Coimbatore, TN, IND, 641 043

Website

https://www.bannarimills.com

Bannari Amman Spinning Mills Ltd is engaged in the manufacturing of grey woven fabrics, knitted fabrics, and cotton yarn. The company is also engaged in the business of processing fabrics, garments and wind power generation for captive consumption. It operates through the Textiles segment. Its divisions include Spinning, Weaving, Knitting, Processing, Garments, Home Textiles and Wind. The products offered by the company include Mercerised polos, Hoodies, Bed linen set, Baby bath towels and Baby duvet cover. Geographically, the group has a business presence in India and other countries, from which key revenue is derived within India.

Bannari Amman Spinning Mills (BOM:532674) Headlines

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