Euro Ceramics (BOM:532823) Days Payable: 263.29 (As of Mar. 2019)

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BOM:532823 Euro Ceramics Ltd BOM:532823
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What is Euro Ceramics Days Payable?

Euro Ceramics BOM:532823 4 Days Payable is 263.29 as of Mar. 2019. GuruFocus rates BOM:532823 with a GF Score™ of 4/100.

Euro Ceramics's average Accounts Payable for the six months ended in Mar. 2019 was ₹253.9 Mil. Euro Ceramics's Cost of Goods Sold for the six months ended in Mar. 2019 was ₹352.0 Mil. Hence, Euro Ceramics's Days Payable for the six months ended in Mar. 2019 was 131.64.

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

BOM:532823's Days Payable is not ranked *
in the Construction industry.
Industry Median: 76.33
* Ranked among companies with meaningful Days Payable only.

Euro Ceramics's Days Payable declined from Mar. 2017 (1,063.24) to Mar. 2019 (263.29). It may suggest that Euro Ceramics accelerated paying its suppliers.


Euro Ceramics Days Payable Historical Data

* Premium members only.

The historical data trend for Euro Ceramics'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.

Euro Ceramics Days Payable Chart

Euro Ceramics Annual Data
Trend Mar10 Mar11 Mar12 Mar13 Mar14 Mar15 Mar16 Mar17 Mar18 Mar19
Days Payable
Get a 7-Day Free Trial Premium Member Only Premium Member Only 472.67 402.40 1,063.24 611.91 263.29

Euro Ceramics Semi-Annual Data
Mar08 Mar09 Mar10 Mar11 Mar12 Mar13 Mar14 Mar15 Mar16 Mar17 Mar18 Mar19
Days Payable Get a 7-Day Free Trial Premium Member Only Premium Member Only Premium Member Only Premium Member Only 472.67 402.40 1,063.24 611.91 263.29

BOM:532823 vs CARR, MAS, TREX: Days Payable Comparison

For the Building Products & Equipment subindustry, Euro Ceramics'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.


Euro Ceramics Days Payable vs Construction Industry

For the Construction industry and Industrials sector, Euro Ceramics's Days Payable distribution charts can be found below:

* The bar in red indicates where Euro Ceramics's Days Payable falls into.


BOM:532823
4GF Score
Euro Ceramics Ltd BOM:532823
Days Payable is just one metric. See GF Score™, valuation, warning signs, and more.
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Euro Ceramics 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.

Euro Ceramics's Days Payable for the fiscal year that ended in Mar. 2019 is calculated as

Days Payable (A: Mar. 2019 )
=Average Accounts Payable /Cost of Goods Sold*Days in Period
=( (Accounts Payable (A: Mar. 2018 ) + Accounts Payable (A: Mar. 2019 )) / count ) / Cost of Goods Sold (A: Mar. 2019 )*Days in Period
=( (369.47 + 138.329) / 2 ) / 351.984*365
=253.8995 / 351.984*365
=263.29

Euro Ceramics's Days Payable for the quarter that ended in Mar. 2019 is calculated as:

Days Payable (Q: Mar. 2019 )
=Average Accounts Payable / Cost of Goods Sold*Days in Period
=( (Accounts Payable (Q: Mar. 2018 ) + Accounts Payable (Q: Mar. 2019 )) / count ) / Cost of Goods Sold (Q: Mar. 2019 )*Days in Period
=( (369.47 + 138.329) / 2 ) / 351.984*365 / 2
=253.8995 / 351.984*365 / 2
=131.64

* 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.

Frequently Asked Questions Learn more about Days Payable →
What does a Days Payable of 263.29 mean?
Euro Ceramics (BOM:532823) has a Days Payable of 263.29 as of Mar. 2019. Days payable represents the average amount of days a company waits to pay its invoices from suppliers. View historical data on Euro Ceramics and its competitors.
Is Euro Ceramics' Days Payable too high?
Euro Ceramics' current Days Payable is 263.29. The Construction industry median Days Payable is 76.33. Euro Ceramics' value of 263.29 is 244.9% above this industry median. Overall, Euro Ceramics has a GF Score™ of 4/100, reflecting its overall financial health beyond just this single metric.
How does Euro Ceramics' Days Payable compare to CARR and MAS?
Euro Ceramics' Days Payable of 263.29 can be compared against companies in the Construction industry. The industry median Days Payable is 76.33. Euro Ceramics' value of 263.29 is 244.9% above this benchmark. See the competitive comparison table and distribution chart on this page for a detailed peer-by-peer breakdown.
What is a good Days Payable for a Construction company?
The median Days Payable among Construction companies is 76.33, based on 1,715 companies in the industry. Companies in the top quartile (top 25%) have a Days Payable significantly above this median, while those in the bottom quartile fall well below. However, Days Payable should not be evaluated in isolation — investors should consider it alongside profitability, growth, and financial strength metrics. Euro Ceramics's current Days Payable of 263.29 is 244.9% above the industry median. Use the industry distribution chart on this page to see where any company falls relative to its peers.
What does a high Days Payable mean?
A high Days Payable can signal that a stock is expensive relative to its fundamentals. Days payable represents the average amount of days a company waits to pay its invoices from suppliers. View historical data on Euro Ceramics and its competitors. For the Construction industry, the median Days Payable is 76.33 — values significantly above this may indicate overvaluation, while values below may suggest a bargain or underlying issues. Euro Ceramics's current Days Payable is 263.29. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is Euro Ceramics stock overvalued right now?
Euro Ceramics (BOM:532823) has a current Days Payable of 263.29. The current Days Payable is 263.29 and 244.9% above the Construction industry median of 76.33. Euro Ceramics' overall GF Score™ is 4/100. Investors should evaluate multiple metrics — including profitability, growth, and financial strength — before making a decision.
How is Days Payable calculated?
Days Payable is calculated from a company's financial statements. For Euro Ceramics (BOM:532823), the current Days Payable is 263.29 as of Mar. 2019. GuruFocus calculates this using data sourced from SEC filings and annual reports. See the calculation section and 30-year financial data on this page for the full breakdown.

Euro Ceramics Business Description

Address Vallabhbhai Road, Opposite Railway Station, 208, 2nd Floor, Sangam Arcade, Vile Parle (West), Mumbai, IND, 400 056
Euro Ceramics Ltd is an India based company engaged in the manufacturing and sells of vitrified tiles. It operates in three business segments including Tiles Division, Aluminium Division, and Realty Division. The tiles division, which is the key revenue driver, manufactures products including vitrified tiles, composite marble, sanitary ware products, and bathroom tiles. The company holds a global market presence with the majority of the revenue generated from the Indian market.
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Days Payable is just one metric. See GF Value™, 30-year financials, guru trades, warning signs, and more.

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