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

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What is Euro Ceramics Days Payable?

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: 76.71
* 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

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.

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Euro Ceramics Days Payable Chart

Euro Ceramics Annual Data

Trend

Mar10

Mar11

Mar12

Mar13

Mar14

Mar15

Mar16

Mar17

Mar18

Mar19

Days Payable

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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							472.67	402.40	1,063.24	611.91	263.29

Competitive Comparison of Euro Ceramics's Days Payable

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's Days Payable Distribution in the 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.

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

Euro Ceramics Days Payable Related Terms

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Euro Ceramics (BOM:532823) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Industrials » Construction » Euro Ceramics Ltd (BOM:532823) » Definitions » Days Payable

Comparable Companies

Traded in Other Exchanges

N/A

Address

Vallabhbhai Road, Opposite Railway Station, 208, 2nd Floor, Sangam Arcade, Vile Parle (West), Mumbai, IND, 400 056

Website

http://www.eurocl.com

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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