Dipped Products (COL:DIPD.N0000) Days Payable : 58.94 (As of Sep. 2024)

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What is Dipped Products Days Payable?

Dipped Products's average Accounts Payable for the three months ended in Sep. 2024 was රු10,747 Mil. Dipped Products's Cost of Goods Sold for the three months ended in Sep. 2024 was රු16,638 Mil. Hence, Dipped Products's Days Payable for the three months ended in Sep. 2024 was 58.94.

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

COL:DIPD.N0000' s Days Payable Range Over the Past 10 Years
Min: 24.58 Med: 34.81 Max: 57
Current: 57

During the past 13 years, Dipped Products's highest Days Payable was 57.00. The lowest was 24.58. And the median was 34.81.

COL:DIPD.N0000's Days Payable is ranked worse than
53.36% of 1503 companies
in the Chemicals industry
Industry Median: 60.18 vs COL:DIPD.N0000: 57.00

Dipped Products's Days Payable increased from Sep. 2023 (58.74) to Sep. 2024 (58.94). It may suggest that Dipped Products delayed paying its suppliers.

Dipped Products Days Payable Historical Data

The historical data trend for Dipped Products'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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Dipped Products Days Payable Chart

Dipped Products Annual Data

Trend

Mar15

Mar16

Mar17

Mar18

Mar19

Mar20

Mar21

Mar22

Mar23

Mar24

Days Payable

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24.58

41.47

43.67

28.86

33.90

Dipped Products 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															58.74	63.62	54.73	48.17	58.94

Competitive Comparison of Dipped Products's Days Payable

For the Specialty Chemicals subindustry, Dipped Products'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.

Dipped Products's Days Payable Distribution in the Chemicals Industry

For the Chemicals industry and Basic Materials sector, Dipped Products's Days Payable distribution charts can be found below:

* The bar in red indicates where Dipped Products's Days Payable falls into.

Dipped Products 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.

Dipped Products'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
=	( (4926.204	+	5639.273)	/	2 )	/	56882.914	*	365
=	5282.7385					/	56882.914	*	365
=	33.90

Dipped Products'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
=	( (10900.643	+	10592.687)	/	2 )	/	16638.143	*	365 / 4
=	10746.665					/	16638.143	*	365 / 4
=	58.94

Dipped Products Days Payable Related Terms

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Dipped Products Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Basic Materials » Chemicals » Dipped Products PLC (COL:DIPD.N0000) » Definitions » Days Payable

Comparable Companies

Traded in Other Exchanges

N/A

Address

400, Deans Road, Colombo, LKA, 10

Website

https://www.dplgroup.com

Dipped Products PLC is a glove manufacturing company based in Sri Lanka. It offers unsupported gloves, supported gloves, and disposable gloves. The company operates through two segments, namely, the Hand Protection segment, which is engaged in the manufacturing and selling of gloves; and the Plantations segment, which owns and manages tea and rubber plantations. It generates the majority of revenue from the Hand Protection segment. Geographically the company operates in Asia/Africa/Middle East, South America, Europe, and North America.

Dipped Products Headlines

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