Teejay Lanka (COL:TJL.N0000) Days Payable : 77.16 (As of Dec. 2024)

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What is Teejay Lanka Days Payable?

Teejay Lanka's average Accounts Payable for the three months ended in Dec. 2024 was රු12,582 Mil. Teejay Lanka's Cost of Goods Sold for the three months ended in Dec. 2024 was රු14,880 Mil. Hence, Teejay Lanka's Days Payable for the three months ended in Dec. 2024 was 77.16.

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

COL:TJL.N0000' s Days Payable Range Over the Past 10 Years
Min: 34.5 Med: 49.56 Max: 84.45
Current: 74.59

During the past 13 years, Teejay Lanka's highest Days Payable was 84.45. The lowest was 34.50. And the median was 49.56.

COL:TJL.N0000's Days Payable is ranked better than
64.62% of 1012 companies
in the Manufacturing - Apparel & Accessories industry
Industry Median: 53.925 vs COL:TJL.N0000: 74.59

Teejay Lanka's Days Payable declined from Dec. 2023 (87.66) to Dec. 2024 (77.16). It may suggest that Teejay Lanka accelerated paying its suppliers.

Teejay Lanka Days Payable Historical Data

The historical data trend for Teejay Lanka'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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Teejay Lanka Days Payable Chart

Teejay Lanka Annual Data

Trend

Mar15

Mar16

Mar17

Mar18

Mar19

Mar20

Mar21

Mar22

Mar23

Mar24

Days Payable

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37.77

62.31

84.45

52.10

50.43

Teejay Lanka Quarterly Data
	Mar20	Jun20	Sep20	Dec20	Mar21	Jun21	Sep21	Dec21	Mar22	Jun22	Sep22	Dec22	Mar23	Jun23	Sep23	Dec23	Mar24	Jun24	Sep24	Dec24
Days Payable	Get a 7-Day Free Trial															87.66	71.01	67.61	73.32	77.16

Competitive Comparison of Teejay Lanka's Days Payable

For the Textile Manufacturing subindustry, Teejay Lanka'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.

Teejay Lanka's Days Payable Distribution in the Manufacturing - Apparel & Accessories Industry

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

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

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Teejay Lanka 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.

Teejay Lanka'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
=	( (7321.126	+	8064.156)	/	2 )	/	55677.311	*	365
=	7692.641					/	55677.311	*	365
=	50.43

Teejay Lanka's Days Payable for the quarter that ended in Dec. 2024 is calculated as:

	Days Payable (Q: Dec. 2024 )
=	Average Accounts Payable					/	Cost of Goods Sold	*	Days in Period
=	( (Accounts Payable (Q: Sep. 2024 )	+	Accounts Payable (Q: Dec. 2024 ))	/	count )	/	Cost of Goods Sold (Q: Dec. 2024 )	*	Days in Period
=	( (11870.9	+	13293.261)	/	2 )	/	14880.396	*	365 / 4
=	12582.0805					/	14880.396	*	365 / 4
=	77.16

Teejay Lanka Days Payable Related Terms

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Teejay Lanka Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Consumer Cyclical » Manufacturing - Apparel & Accessories » Teejay Lanka PLC (COL:TJL.N0000) » Definitions » Days Payable

Traded in Other Exchanges

N/A

Address

Block D8 - D14, Seethawaka Export Processing Zone Industrial Park, Avissawella, LKA, 10700

Website

https://www.teejay.com

Teejay Lanka PLC is engaged in the manufacturing and selling of weft knit fabrics. The company's operating segments include Textile manufacturing and Fabric printing and generates maximum revenue from the Textile manufacturing segment. Geographically, the company derives a majority of its revenue from Sri Lanka. The products of the company include Single Jersey, Interlock, Rib, Pique, Lacoste, Fleece, Terry, Collars, and Cuffs.

Teejay Lanka Headlines

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