Artedz Fabs (NSE:ARTEDZ) Days Payable: 162.14 (As of Sep. 2018)


What is Artedz Fabs Days Payable?

Artedz Fabs NSE:ARTEDZ Days Payable is 162.14 as of Sep. 2018.

Artedz Fabs's average Accounts Payable for the six months ended in Sep. 2018 was ₹252.5 Mil. Artedz Fabs's Cost of Goods Sold for the six months ended in Sep. 2018 was ₹284.2 Mil. Hence, Artedz Fabs's Days Payable for the six months ended in Sep. 2018 was 162.14.

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

NSE:ARTEDZ's Days Payable is not ranked *
in the Manufacturing - Apparel & Accessories industry.
Industry Median: 54.045
* Ranked among companies with meaningful Days Payable only.

Artedz Fabs's Days Payable increased from Mar. 2017 (0.00) to Sep. 2018 (162.14). It may suggest that Artedz Fabs delayed paying its suppliers.

Artedz Fabs Days Payable Historical Data

* Premium members only.

The historical data trend for Artedz Fabs'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.

Artedz Fabs Days Payable Chart

Artedz Fabs Annual Data
Trend Mar14 Mar15 Mar16 Mar17 Mar18
Days Payable
69.39 105.21 90.88 73.79 117.00

Artedz Fabs Semi-Annual Data
Mar14 Mar15 Mar16 Mar17 Mar18 Sep18
Days Payable Get a 7-Day Free Trial 0.00 0.00 0.00 0.00 162.14

NSE:ARTEDZ vs : Days Payable Comparison

For the Textile Manufacturing subindustry, Artedz Fabs'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.

Artedz Fabs Days Payable vs Manufacturing - Apparel & Accessories Industry

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

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


Artedz Fabs 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.

Artedz Fabs's Days Payable for the fiscal year that ended in Mar. 2018 is calculated as

Days Payable (A: Mar. 2018 )
=Average Accounts Payable /Cost of Goods Sold*Days in Period
=( (Accounts Payable (A: Mar. 2017 ) + Accounts Payable (A: Mar. 2018 )) / count ) / Cost of Goods Sold (A: Mar. 2018 )*Days in Period
=( (116.552 + 209.617) / 2 ) / 508.789*365
=163.0845 / 508.789*365
=117.00

Artedz Fabs's Days Payable for the quarter that ended in Sep. 2018 is calculated as:

Days Payable (Q: Sep. 2018 )
=Average Accounts Payable / Cost of Goods Sold*Days in Period
=( (Accounts Payable (Q: Mar. 2018 ) + Accounts Payable (Q: Sep. 2018 )) / count ) / Cost of Goods Sold (Q: Sep. 2018 )*Days in Period
=( (209.617 + 295.379) / 2 ) / 284.201*365 / 2
=252.498 / 284.201*365 / 2
=162.14

* 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.

Frequently Asked Questions Learn more about Days Payable →
What does a Days Payable of 162.14 mean?
Artedz Fabs (NSE:ARTEDZ) has a Days Payable of 162.14 as of Sep. 2018. Days payable represents the average amount of days a company waits to pay its invoices from suppliers. View historical data on Artedz Fabs and its competitors.
Is Artedz Fabs' Days Payable too high?
Artedz Fabs' current Days Payable is 162.14. The Manufacturing - Apparel & Accessories industry median Days Payable is 54.05. Artedz Fabs' value of 162.14 is 200% above this industry median.
How does Artedz Fabs' Days Payable compare to ?
Artedz Fabs' Days Payable of 162.14 can be compared against companies in the Manufacturing - Apparel & Accessories industry. The industry median Days Payable is 54.05. Artedz Fabs' value of 162.14 is 200% above this benchmark. See the competitive comparison table and distribution chart on this page for a detailed peer-by-peer breakdown.
What is a good Days Payable for a Manufacturing - Apparel & Accessories company?
The median Days Payable among Manufacturing - Apparel & Accessories companies is 54.05, based on 1,016 companies in the industry. Companies in the top quartile (top 25%) have a Days Payable significantly above this median, while those in the bottom quartile fall well below. However, Days Payable should not be evaluated in isolation — investors should consider it alongside profitability, growth, and financial strength metrics. Artedz Fabs's current Days Payable of 162.14 is 200% above the industry median. Use the industry distribution chart on this page to see where any company falls relative to its peers.
What does a high Days Payable mean?
A high Days Payable can signal that a stock is expensive relative to its fundamentals. Days payable represents the average amount of days a company waits to pay its invoices from suppliers. View historical data on Artedz Fabs and its competitors. For the Manufacturing - Apparel & Accessories industry, the median Days Payable is 54.05 — values significantly above this may indicate overvaluation, while values below may suggest a bargain or underlying issues. Artedz Fabs's current Days Payable is 162.14. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is Artedz Fabs stock overvalued right now?
Artedz Fabs (NSE:ARTEDZ) has a current Days Payable of 162.14. The current Days Payable is 162.14 and 200% above the Manufacturing - Apparel & Accessories industry median of 54.05. Investors should evaluate multiple metrics — including profitability, growth, and financial strength — before making a decision.
How is Days Payable calculated?
Days Payable is calculated from a company's financial statements. For Artedz Fabs (NSE:ARTEDZ), the current Days Payable is 162.14 as of Sep. 2018. GuruFocus calculates this using data sourced from SEC filings and annual reports. See the calculation section and 30-year financial data on this page for the full breakdown.

Artedz Fabs Business Description

Comparable Companies
Address Off Aarey Road, 206, Gambhir Industrial Estate, Opposite Paramount Print, Hanuman Tekdi, Mumbai, MH, IND, 400063
Artedz Fabs Ltd is a leading manufacturer of cotton yarn dyed fabrics in India. The portfolio encompasses manufacturing of premium quality apparel fabrics for men's clothing by producing various fabric blends and selling directly to manufacturers, retailers and global brands. Besides the regular cotton qualities, it also deals in fancy yarns like slubs, blended yarns like tensil linens, cotton modals, cotton linens and lycra.