Angel Fibers (BOM:541006) Days Payable : 27.30 (As of Mar. 2024)

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What is Angel Fibers Days Payable?

Angel Fibers's average Accounts Payable for the six months ended in Mar. 2024 was ₹115 Mil. Angel Fibers's Cost of Goods Sold for the six months ended in Mar. 2024 was ₹768 Mil. Hence, Angel Fibers's Days Payable for the six months ended in Mar. 2024 was 27.30.

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

BOM:541006' s Days Payable Range Over the Past 10 Years
Min: 7.38 Med: 35.79 Max: 67.31
Current: 25.97

During the past 11 years, Angel Fibers's highest Days Payable was 67.31. The lowest was 7.38. And the median was 35.79.

BOM:541006's Days Payable is ranked worse than
79.78% of 1019 companies
in the Manufacturing - Apparel & Accessories industry
Industry Median: 56.07 vs BOM:541006: 25.97

Angel Fibers's Days Payable declined from Mar. 2023 (29.90) to Mar. 2024 (27.30). It may suggest that Angel Fibers accelerated paying its suppliers.

Angel Fibers Days Payable Historical Data

The historical data trend for Angel Fibers'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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Angel Fibers Days Payable Chart

Angel Fibers Annual Data

Trend

Mar15

Mar16

Mar17

Mar18

Mar19

Mar20

Mar21

Mar22

Mar23

Mar24

Days Payable

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67.31

51.48

7.38

25.62

28.08

Angel Fibers Semi-Annual Data
	Mar14	Mar15	Mar16	Mar17	Sep17	Mar18	Sep18	Mar19	Sep19	Mar20	Sep20	Mar21	Sep21	Mar22	Sep22	Mar23	Sep23	Mar24
Days Payable	Get a 7-Day Free Trial													4.73	14.51	29.90	22.56	27.30

Competitive Comparison of Angel Fibers's Days Payable

For the Textile Manufacturing subindustry, Angel Fibers'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.

Angel Fibers's Days Payable Distribution in the Manufacturing - Apparel & Accessories Industry

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

* The bar in red indicates where Angel Fibers's Days Payable falls into.

Angel Fibers 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.

Angel Fibers'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
=	( (99.444	+	137.94)	/	2 )	/	1542.636	*	365
=	118.692					/	1542.636	*	365
=	28.08

Angel Fibers'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: Sep. 2023 )	+	Accounts Payable (Q: Mar. 2024 ))	/	count )	/	Cost of Goods Sold (Q: Mar. 2024 )	*	Days in Period
=	( (91.957	+	137.94)	/	2 )	/	768.313	*	365 / 2
=	114.9485					/	768.313	*	365 / 2
=	27.30

Angel Fibers Days Payable Related Terms

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Angel Fibers (BOM:541006) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Consumer Cyclical » Manufacturing - Apparel & Accessories » Angel Fibers Ltd (BOM:541006) » Definitions » Days Payable

Traded in Other Exchanges

N/A

Address

Survey No. 100/1, Plot No. 1, Kalavad - Ranuja Road, Taluka - Kalavad, Jamnagar, GJ, IND, 361112

Website

http://www.angelfibers.com

Angel Fibers Ltd is a textile manufacturing company. It also trades in cotton waste which is by-product of its manufactured product. The company operates in the Spinning of Cotton Yarn business segment. The products of the company are Cotton Carded Yarn, Cotton Combed Yarn and Cotton Compact Yarn.

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