Globale Tessile (BOM:544234) Days Payable : 205.09 (As of Sep. 2024)

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What is Globale Tessile Days Payable?

Globale Tessile's average Accounts Payable for the three months ended in Sep. 2024 was ₹271.7 Mil. Globale Tessile's Cost of Goods Sold for the three months ended in Sep. 2024 was ₹120.9 Mil. Hence, Globale Tessile's Days Payable for the three months ended in Sep. 2024 was 205.09.

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

BOM:544234' s Days Payable Range Over the Past 10 Years
Min: 33.31 Med: 41.69 Max: 152.04
Current: 152.04

During the past 8 years, Globale Tessile's highest Days Payable was 152.04. The lowest was 33.31. And the median was 41.69.

BOM:544234's Days Payable is ranked better than
86.29% of 1021 companies
in the Manufacturing - Apparel & Accessories industry
Industry Median: 55.93 vs BOM:544234: 152.04

Globale Tessile's Days Payable increased from Jun. 2023 (135.66) to Sep. 2024 (205.09). It may suggest that Globale Tessile delayed paying its suppliers.

Globale Tessile Days Payable Historical Data

The historical data trend for Globale Tessile'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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Globale Tessile Days Payable Chart

Globale Tessile Annual Data

Trend

Mar12

Mar13

Mar14

Mar15

Mar16

Mar17

Mar23

Mar24

Days Payable

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35.83

33.31

42.92

141.55

152.04

Globale Tessile Quarterly Data
	Mar12	Mar13	Mar14	Mar15	Mar16	Mar17	Mar23	Jun23	Sep23	Mar24	Jun24	Sep24
Days Payable	Get a 7-Day Free Trial							135.66	-	-	105.81	205.09

Competitive Comparison of Globale Tessile's Days Payable

For the Textile Manufacturing subindustry, Globale Tessile'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.

Globale Tessile's Days Payable Distribution in the Manufacturing - Apparel & Accessories Industry

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

* The bar in red indicates where Globale Tessile's Days Payable falls into.

Globale Tessile 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.

Globale Tessile'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
=	( (285.692	+	151.628)	/	2 )	/	524.924	*	365
=	218.66					/	524.924	*	365
=	152.04

Globale Tessile's Days Payable for the quarter that ended in Sep. 2024 is calculated as:

	Days Payable (Q: Sep. 2024 )
=	Average Accounts Payable					/	Cost of Goods Sold	*	Days in Period
=	( (Accounts Payable (Q: Jun. 2024 )	+	Accounts Payable (Q: Sep. 2024 ))	/	count )	/	Cost of Goods Sold (Q: Sep. 2024 )	*	Days in Period
=	( (0	+	271.714)	/	1 )	/	120.894	*	365 / 4
=	271.714					/	120.894	*	365 / 4
=	205.09

Globale Tessile Days Payable Related Terms

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Globale Tessile Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Consumer Cyclical » Manufacturing - Apparel & Accessories » Globale Tessile Ltd (BOM:544234) » Definitions » Days Payable

Comparable Companies

Traded in Other Exchanges

GLOBALE:India

Address

Polytechnic Road, Mahalaxmi House, 2nd Floor, YSL Avenue, Opposite Ketav Petrol Pump, Ambawadi, Ahmedabad, GJ, IND, 380 015

Website

https://www.mahalaxmigroup.net/GTL

Globale Tessile Ltd is principally engaged in the business of trading textile products. The company's products include Beaded George Fabric, Embroidery Fabric, African Print Fabric, African George Fabric, and Ladies Kaftans.

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