Odel (COL:ODEL.N0000) Days Payable : 81.54 (As of Dec. 2023)

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What is Odel Days Payable?

Odel's average Accounts Payable for the three months ended in Dec. 2023 was රු875 Mil. Odel's Cost of Goods Sold for the three months ended in Dec. 2023 was රු979 Mil. Hence, Odel's Days Payable for the three months ended in Dec. 2023 was 81.54.

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

COL:ODEL.N0000' s Days Payable Range Over the Past 10 Years
Min: 46.35 Med: 66.24 Max: 107.59
Current: 84.73

During the past 13 years, Odel's highest Days Payable was 107.59. The lowest was 46.35. And the median was 66.24.

COL:ODEL.N0000's Days Payable is ranked better than
68.27% of 1081 companies
in the Retail - Cyclical industry
Industry Median: 56.64 vs COL:ODEL.N0000: 84.73

Odel's Days Payable declined from Dec. 2022 (154.60) to Dec. 2023 (81.54). It may suggest that Odel accelerated paying its suppliers.

Odel Days Payable Historical Data

The historical data trend for Odel'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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Odel Days Payable Chart

Odel Annual Data

Trend

Mar14

Mar15

Mar16

Mar17

Mar18

Mar19

Mar20

Mar21

Mar22

Mar23

Days Payable

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49.05

46.35

74.80

101.00

107.59

Odel Quarterly Data
	Mar19	Jun19	Sep19	Dec19	Mar20	Jun20	Sep20	Dec20	Mar21	Jun21	Sep21	Dec21	Mar22	Jun22	Sep22	Dec22	Mar23	Jun23	Sep23	Dec23
Days Payable	Get a 7-Day Free Trial															154.60	100.76	74.88	78.07	81.54

Competitive Comparison of Odel's Days Payable

For the Apparel Retail subindustry, Odel'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.

Odel's Days Payable Distribution in the Retail - Cyclical Industry

For the Retail - Cyclical industry and Consumer Cyclical sector, Odel's Days Payable distribution charts can be found below:

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

Odel 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.

Odel's Days Payable for the fiscal year that ended in Mar. 2023 is calculated as

	Days Payable (A: Mar. 2023 )
=	Average Accounts Payable					/	Cost of Goods Sold	*	Days in Period
=	( (Accounts Payable (A: Mar. 2022 )	+	Accounts Payable (A: Mar. 2023 ))	/	count )	/	Cost of Goods Sold (A: Mar. 2023 )	*	Days in Period
=	( (1266.281	+	810.561)	/	2 )	/	3522.783	*	365
=	1038.421					/	3522.783	*	365
=	107.59

Odel's Days Payable for the quarter that ended in Dec. 2023 is calculated as:

	Days Payable (Q: Dec. 2023 )
=	Average Accounts Payable					/	Cost of Goods Sold	*	Days in Period
=	( (Accounts Payable (Q: Sep. 2023 )	+	Accounts Payable (Q: Dec. 2023 ))	/	count )	/	Cost of Goods Sold (Q: Dec. 2023 )	*	Days in Period
=	( (912.358	+	837.339)	/	2 )	/	979.06	*	365 / 4
=	874.8485					/	979.06	*	365 / 4
=	81.54

Odel Days Payable Related Terms

Thank you for viewing the detailed overview of Odel's Days Payable provided by GuruFocus.com. Please click on the following links to see related term pages.

Odel (COL:ODEL.N0000) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Consumer Cyclical » Retail - Cyclical » Odel PLC (COL:ODEL.N0000) » Definitions » Days Payable

Comparable Companies

Traded in Other Exchanges

N/A

Address

No.475/32, Kotte Road, Rajagiriya, LKA

Website

https://www.odel.lk

Odel PLC and its subsidiaries are involved in fashion retail activities, letting retail spaces, manufacturing and supplying garments, retail business, holding properties for capital appreciation, providing information technology infrastructure and maintenance services, and importing and retailing branded apparel. It operates in two segments: Fashion Retailing, which generates the majority of revenue; and Investment Property. The Fashion Retailing Segment offers various fashion-related clothing, accessories, sportwear, footwear etc., to a wide range of customers. Geographically the company caters only to the Sri Lankan market.

Odel (COL:ODEL.N0000) Headlines

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