Ecoline EximNSE:ECOLINE -0.15%18 Days Payable is 18.34 as of Mar. 2025, which is 40% above its 10-year median of 13.07. GuruFocus rates NSE:ECOLINE with a GF Score™ of 18/100. The stock has 6 warning signs investors should review. Among 1,016 Manufacturing - Apparel & Accessories companies, Ecoline Exim ranks worse than 87.6% on this metric.
The historical rank and industry rank for Ecoline Exim's Days Payable or its related term are showing as below:
NSE:ECOLINE'
s Days Payable Range Over the Past 10 Years
Min: 10.76 Med: 13.07 Max: 18.34
Current: 18.34
During the past 3 years, Ecoline Exim's highest Days Payable was 18.34. The lowest was 10.76. And the median was 13.07.
NSE:ECOLINE's Days Payable is ranked worse than 87.6% of 1016
companies
in the Manufacturing - Apparel & Accessories industry
Industry Median: 54.045
vs NSE:ECOLINE: 18.34
Ecoline Exim's Days Payable
increased
from Mar. 2023 (10.76) to Mar. 2025 (18.34).
It may suggest that Ecoline Eximdelayed paying its suppliers.
Ecoline Exim Days Payable Related Terms
Ecoline Exim Days Payable Historical Data
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The historical data trend for Ecoline Exim'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.
Ecoline Exim Days Payable Chart
Ecoline Exim Annual Data
Trend
Mar23
Mar24
Mar25
Days Payable
10.76
13.07
18.34
Ecoline Exim Semi-Annual Data
Mar23
Mar24
Mar25
Days Payable
10.76
13.07
18.34
NSE:ECOLINE vs NKE, DECK, ONON: Days Payable Comparison
For the Footwear & Accessories subindustry, Ecoline Exim'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.
Ecoline Exim Days Payable vs Manufacturing - Apparel & Accessories Industry
For the Manufacturing - Apparel & Accessories industry and Consumer Cyclical sector, Ecoline Exim's Days Payable distribution charts can be found below:
* The bar in red indicates where Ecoline Exim's Days Payable falls into.
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.
Ecoline Exim's Days Payable for the fiscal year that ended in Mar. 2025 is calculated as
* 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.
Ecoline Exim (NSE:ECOLINE) has a Days Payable of 18.34 as of Mar. 2025. Days payable represents the average amount of days a company waits to pay its invoices from suppliers. View historical data on Ecoline Exim and its competitors. This is 40% above median its historical median of 13.07. Over the past decade, Ecoline Exim's Days Payable has ranged from 10.76 to 18.34. According to the industry distribution chart, Ecoline Exim ranks #890 out of 1016 companies in the Manufacturing - Apparel & Accessories industry, placing it in the top 87.6%.
Is Ecoline Exim's Days Payable too high?
Ecoline Exim's current Days Payable of 18.34 is 40% above median its 10-year median of 13.07. Over the past 10 years, this metric has ranged from a low of 10.76 to a high of 18.34. The Manufacturing - Apparel & Accessories industry median Days Payable is 54.05. Ecoline Exim's value of 18.34 is 66.1% below this industry median. Based on the distribution chart, Ecoline Exim ranks #890 out of 1016 companies in the Manufacturing - Apparel & Accessories industry, which is in the bottom quartile relative to peers. Overall, Ecoline Exim has a GF Score™ of 18/100, reflecting its overall financial health beyond just this single metric.
How does Ecoline Exim's Days Payable compare to NKE and DECK?
According to the Manufacturing - Apparel & Accessories industry distribution chart, Ecoline Exim ranks #890 out of 1016 companies for Days Payable. This places Ecoline Exim in the lower half of its industry. The industry median Days Payable is 54.05. Ecoline Exim's value of 18.34 is 66.1% below this benchmark. Historically, Ecoline Exim's own Days Payable has ranged from 10.76 to 18.34 over the past decade. While the company's 10-year median is 13.07 vs. the industry median of 54.05, Ecoline Exim has consistently been below the industry average. 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. Ecoline Exim's current Days Payable of 18.34 is 66.1% below 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 Ecoline Exim 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. Ecoline Exim's current Days Payable is 18.34, which is 40% above median its own 10-year median of 13.07. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is Ecoline Exim stock overvalued right now?
Ecoline Exim (NSE:ECOLINE) has a current Days Payable of 18.34. The current Days Payable is 18.34, which is 40% above median its 10-year median of 13.07 and 66.1% below the Manufacturing - Apparel & Accessories industry median of 54.05. Ecoline Exim's overall GF Score™ is 18/100 with 6 warning signs to review. 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 Ecoline Exim (NSE:ECOLINE), the current Days Payable is 18.34 as of Mar. 2025. 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.
Ecoline Exim Ltd is engaged in the manufacturing of a wide range of sustainable packaging and promotional bags made out of cotton and jute. The company is engaged in the export of these bags globally. It exports its products to more than 27 countries. Its export market is the European Union, the USA, Japan, Southeast Asia, and Mexico etc. The company offers a variety of eco-conscious cotton and jute bags. Its offerings include: Recycled Cotton Bags, Organic Cotton Bags, Fairtrade Cotton Bags, Conventional Cotton Bags, and Jute Bags.
18GF Score
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