Craftsman Automation (NSE:CRAFTSMAN) Days Payable : 99.26 (As of Sep. 2024)

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What is Craftsman Automation Days Payable?

Craftsman Automation's average Accounts Payable for the three months ended in Sep. 2024 was ₹7,345 Mil. Craftsman Automation's Cost of Goods Sold for the three months ended in Sep. 2024 was ₹6,752 Mil. Hence, Craftsman Automation's Days Payable for the three months ended in Sep. 2024 was 99.26.

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

NSE:CRAFTSMAN' s Days Payable Range Over the Past 10 Years
Min: 85.33 Med: 120.7 Max: 148.82
Current: 85.33

During the past 7 years, Craftsman Automation's highest Days Payable was 148.82. The lowest was 85.33. And the median was 120.70.

NSE:CRAFTSMAN's Days Payable is ranked better than
65.49% of 1278 companies
in the Vehicles & Parts industry
Industry Median: 65.905 vs NSE:CRAFTSMAN: 85.33

Craftsman Automation's Days Payable declined from Sep. 2023 (110.07) to Sep. 2024 (99.26). It may suggest that Craftsman Automation accelerated paying its suppliers.

Craftsman Automation Days Payable Historical Data

The historical data trend for Craftsman Automation'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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Craftsman Automation Days Payable Chart

Craftsman Automation Annual Data

Trend

Mar18

Mar19

Mar20

Mar21

Mar22

Mar23

Mar24

Days Payable

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129.45

126.17

105.65

100.15

88.58

Craftsman Automation Quarterly Data
	Mar19	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															110.07	114.84	54.41	112.68	99.26

Competitive Comparison of Craftsman Automation's Days Payable

For the Auto Parts subindustry, Craftsman Automation'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.

Craftsman Automation's Days Payable Distribution in the Vehicles & Parts Industry

For the Vehicles & Parts industry and Consumer Cyclical sector, Craftsman Automation's Days Payable distribution charts can be found below:

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

Craftsman Automation 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.

Craftsman Automation'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
=	( (7116.2	+	8006.4)	/	2 )	/	31156.6	*	365
=	7561.3					/	31156.6	*	365
=	88.58

Craftsman Automation'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
=	( (0	+	7344.7)	/	1 )	/	6751.8	*	365 / 4
=	7344.7					/	6751.8	*	365 / 4
=	99.26

Craftsman Automation Days Payable Related Terms

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Craftsman Automation Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Consumer Cyclical » Vehicles & Parts » Craftsman Automation Ltd (NSE:CRAFTSMAN) » Definitions » Days Payable

Comparable Companies

Traded in Other Exchanges

543276:India

Address

No. 1087, Avanashi Road, Krishna Towers, 4th & 5th Floor, Coimbatore, TN, IND, 641 037

Website

https://www.craftsmanautomation.com

Craftsman Automation Ltd is an engineering organization engaged in the manufacturing of precision components. The company operates in three business segments: powertrain and other products for the automotive segment, aluminum products for the automotive segment, and industrial & engineering products segment. The company has a diversified user segment, including Commercial Vehicles, Two Wheelers, Tractors, Industrial, Power Transmission, Passenger vehicles, Engineering, Warehousing, and Power Transmission. The company generates the majority of its revenue from the domestic market.

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