Creative Newtech (NSE:CREATIVE) Days Payable : 8.29 (As of Dec. 2024)

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What is Creative Newtech Days Payable?

Creative Newtech's average Accounts Payable for the three months ended in Dec. 2024 was ₹557 Mil. Creative Newtech's Cost of Goods Sold for the three months ended in Dec. 2024 was ₹6,129 Mil. Hence, Creative Newtech's Days Payable for the three months ended in Dec. 2024 was 8.29.

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

NSE:CREATIVE' s Days Payable Range Over the Past 10 Years
Min: 11.18 Med: 23.34 Max: 46.26
Current: 12.45

During the past 13 years, Creative Newtech's highest Days Payable was 46.26. The lowest was 11.18. And the median was 23.34.

NSE:CREATIVE's Days Payable is ranked worse than
97.8% of 2404 companies
in the Hardware industry
Industry Median: 68.645 vs NSE:CREATIVE: 12.45

Creative Newtech's Days Payable declined from Dec. 2023 (9.43) to Dec. 2024 (8.29). It may suggest that Creative Newtech accelerated paying its suppliers.

Creative Newtech Days Payable Historical Data

The historical data trend for Creative Newtech'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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Creative Newtech Days Payable Chart

Creative Newtech Annual Data

Trend

Mar15

Mar16

Mar17

Mar18

Mar19

Mar20

Mar21

Mar22

Mar23

Mar24

Days Payable

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24.98

25.98

21.69

15.55

11.26

Creative Newtech 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															9.43	17.24	17.39	13.45	8.29

Competitive Comparison of Creative Newtech's Days Payable

For the Electronics & Computer Distribution subindustry, Creative Newtech'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.

Creative Newtech's Days Payable Distribution in the Hardware Industry

For the Hardware industry and Technology sector, Creative Newtech's Days Payable distribution charts can be found below:

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

Creative Newtech 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.

Creative Newtech'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
=	( (468.84	+	521.162)	/	2 )	/	16041.09	*	365
=	495.001					/	16041.09	*	365
=	11.26

Creative Newtech'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
=	( (556.852	+	0)	/	1 )	/	6129.268	*	365 / 4
=	556.852					/	6129.268	*	365 / 4
=	8.29

Creative Newtech Days Payable Related Terms

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Creative Newtech Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Technology » Hardware » Creative Newtech Ltd (NSE:CREATIVE) » Definitions » Days Payable

Comparable Companies

Traded in Other Exchanges

N/A

Address

Kandivali Co Op Industrial Estate Limited, 3rd and 4th Floor, Plot No. 137AB, Charkop, Kandivali West, Mumbai, MH, IND, 400067

Website

https://www.creativenewtech.com

Creative Newtech Ltd is engaged in the business of distribution of IT products. The company's B2B e-commerce platform caters to various sub-distributors, retailers, and other customers, and serves as a one-stop-shop offering end-to-end solutions. Its operating segment includes Enterprise Business - EB; Fast Moving Social - Media Gadgets - FMSG; Fast Moving Electronics Goods - FMEG and Fast Moving Consumer Technology - FMCT. The company generates maximum revenue from the Enterprise Business (EB) segment which includes high-volume products tailored for enterprise clients. Notable brands in this segment include AOC, Philips, and others. Geographically, it caters to both the Indian and international markets and derives its key revenue from outside India.

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