Agarwal Float Glass India (NSE:AGARWALFT) Days Payable : 7.59 (As of Sep. 2023)

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What is Agarwal Float Glass India Days Payable?

Agarwal Float Glass India's average Accounts Payable for the six months ended in Sep. 2023 was ₹16.7 Mil. Agarwal Float Glass India's Cost of Goods Sold for the six months ended in Sep. 2023 was ₹400.2 Mil. Hence, Agarwal Float Glass India's Days Payable for the six months ended in Sep. 2023 was 7.59.

The historical rank and industry rank for Agarwal Float Glass India's Days Payable or its related term are showing as below:

NSE:AGARWALFT' s Days Payable Range Over the Past 10 Years
Min: 10.3 Med: 33.19 Max: 47.7
Current: 10.3

During the past 4 years, Agarwal Float Glass India's highest Days Payable was 47.70. The lowest was 10.30. And the median was 33.19.

NSE:AGARWALFT's Days Payable is ranked worse than
98.93% of 375 companies
in the Building Materials industry
Industry Median: 66.04 vs NSE:AGARWALFT: 10.30

Agarwal Float Glass India's Days Payable declined from Sep. 2022 (17.38) to Sep. 2023 (7.59). It may suggest that Agarwal Float Glass India accelerated paying its suppliers.

Agarwal Float Glass India Days Payable Historical Data

The historical data trend for Agarwal Float Glass India'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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Agarwal Float Glass India Days Payable Chart

Agarwal Float Glass India Annual Data

Trend

Mar20

Mar21

Mar22

Mar23

Days Payable

47.70

43.96

22.42

14.02

Agarwal Float Glass India Semi-Annual Data
	Mar20	Mar21	Mar22	Sep22	Mar23	Sep23
Days Payable	Get a 7-Day Free Trial			-	-	17.38	14.35	7.59

Competitive Comparison of Agarwal Float Glass India's Days Payable

For the Building Materials subindustry, Agarwal Float Glass India'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.

Agarwal Float Glass India's Days Payable Distribution in the Building Materials Industry

For the Building Materials industry and Basic Materials sector, Agarwal Float Glass India's Days Payable distribution charts can be found below:

* The bar in red indicates where Agarwal Float Glass India's Days Payable falls into.

Agarwal Float Glass India 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.

Agarwal Float Glass India'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
=	( (16.017	+	15.92)	/	2 )	/	415.718	*	365
=	15.9685					/	415.718	*	365
=	14.02

Agarwal Float Glass India's Days Payable for the quarter that ended in Sep. 2023 is calculated as:

	Days Payable (Q: Sep. 2023 )
=	Average Accounts Payable					/	Cost of Goods Sold	*	Days in Period
=	( (Accounts Payable (Q: Mar. 2023 )	+	Accounts Payable (Q: Sep. 2023 ))	/	count )	/	Cost of Goods Sold (Q: Sep. 2023 )	*	Days in Period
=	( (15.92	+	17.386)	/	2 )	/	400.172	*	365 / 2
=	16.653					/	400.172	*	365 / 2
=	7.59

Agarwal Float Glass India Days Payable Related Terms

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Agarwal Float Glass India (NSE:AGARWALFT) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Basic Materials » Building Materials » Agarwal Float Glass India Ltd (NSE:AGARWALFT) » Definitions » Days Payable

Comparable Companies

Traded in Other Exchanges

N/A

Address

H-1/790, Sitapura Industrial Area Ext., Near Fire Bridge Office, Jaipur, RJ, IND, 302022

Website

https://www.agarwalfloat.com

Agarwal Float Glass India Ltd is engaged in the business of trading of glass and specialized glass products. The company procures quality products from manufacturers and thereafter sells the same through the sales managers or directly to customers, as a wholesaler of glass and glass products. The products are utilized in varied areas like office buildings, hotels, institutions, banks, insurance companies, shopping malls, diplomatic residences, and many others as per suitability. The product portfolio ranges between clear glass, different kinds of value-added glass products and processed glass products, of varying thicknesses.

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