Yarn Syndicate (BOM:890197) Days Payable : 89.15 (As of Sep. 2024)

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What is Yarn Syndicate Days Payable?

Yarn Syndicate's average Accounts Payable for the three months ended in Sep. 2024 was ₹27.42 Mil. Yarn Syndicate's Cost of Goods Sold for the three months ended in Sep. 2024 was ₹28.07 Mil. Hence, Yarn Syndicate's Days Payable for the three months ended in Sep. 2024 was 89.15.

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

BOM:890197' s Days Payable Range Over the Past 10 Years
Min: 1.87 Med: 98.58 Max: 4740.26
Current: 2843.94

During the past 13 years, Yarn Syndicate's highest Days Payable was 4740.26. The lowest was 1.87. And the median was 98.58.

BOM:890197's Days Payable is ranked better than
99.12% of 1021 companies
in the Manufacturing - Apparel & Accessories industry
Industry Median: 55.93 vs BOM:890197: 2843.94

Yarn Syndicate's Days Payable increased from Sep. 2023 (0.00) to Sep. 2024 (89.15). It may suggest that Yarn Syndicate delayed paying its suppliers.

Yarn Syndicate Days Payable Historical Data

The historical data trend for Yarn Syndicate'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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Yarn Syndicate Days Payable Chart

Yarn Syndicate Annual Data

Trend

Mar15

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Mar20

Mar21

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Mar24

Days Payable

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Yarn Syndicate Quarterly Data
	Dec19	Mar20	Jun20	Sep20	Dec20	Mar21	Jun21	Sep21	Dec21	Mar22	Jun22	Sep22	Dec22	Mar23	Jun23	Sep23	Dec23	Mar24	Jun24	Sep24
Days Payable	Get a 7-Day Free Trial															-	70.58	-	5,851.04	89.15

Competitive Comparison of Yarn Syndicate's Days Payable

For the Textile Manufacturing subindustry, Yarn Syndicate'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.

Yarn Syndicate's Days Payable Distribution in the Manufacturing - Apparel & Accessories Industry

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

* The bar in red indicates where Yarn Syndicate's Days Payable falls into.

Yarn Syndicate 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.

Yarn Syndicate'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
=	( (0.268	+	604.469)	/	2 )	/	-5.473	*	365
=	302.3685					/	-5.473	*	365
=	N/A

Yarn Syndicate'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	+	27.418)	/	1 )	/	28.065	*	365 / 4
=	27.418					/	28.065	*	365 / 4
=	89.15

Yarn Syndicate Days Payable Related Terms

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Yarn Syndicate Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Consumer Cyclical » Manufacturing - Apparel & Accessories » Yarn Syndicate Ltd (BOM:890197) » Definitions » Days Payable

Comparable Companies

Traded in Other Exchanges

514378:India

Address

GH-0 Circle, Shop No 128, Supermall-2, Infocity, Gandhinagar, GJ, IND, 382007

Website

https://www.yarnsyndicate.in

Yarn Syndicate Ltd is engaged in the manufacturing, trading, and export of yarn. The company offers various products such as Cotton yarn, Synthetic yarn, Blended yarn, Melange and Heathers yarn, Knitted, Woven Fabrics, and others. The Company operates in a single Segment namely Garments and Apparels.

Yarn Syndicate Headlines

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