Kshitij Polyline (NSE:EQKSHITIJPOL) Days Payable : 30.10 (As of Sep. 2023)

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What is Kshitij Polyline Days Payable?

Kshitij Polyline's average Accounts Payable for the six months ended in Sep. 2023 was ₹43.2 Mil. Kshitij Polyline's Cost of Goods Sold for the six months ended in Sep. 2023 was ₹261.7 Mil. Hence, Kshitij Polyline's Days Payable for the six months ended in Sep. 2023 was 30.10.

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

NSE:EQKSHITIJPOL' s Days Payable Range Over the Past 10 Years
Min: 26.65 Med: 44.08 Max: 54.15
Current: 40.02

During the past 10 years, Kshitij Polyline's highest Days Payable was 54.15. The lowest was 26.65. And the median was 44.08.

NSE:EQKSHITIJPOL's Days Payable is ranked worse than
79.99% of 2928 companies
in the Industrial Products industry
Industry Median: 76.585 vs NSE:EQKSHITIJPOL: 40.02

Kshitij Polyline's Days Payable declined from Sep. 2022 (74.23) to Sep. 2023 (30.10). It may suggest that Kshitij Polyline accelerated paying its suppliers.

Kshitij Polyline Days Payable Historical Data

The historical data trend for Kshitij Polyline'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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Kshitij Polyline Days Payable Chart

Kshitij Polyline Annual Data

Trend

Mar14

Mar15

Mar16

Mar17

Mar18

Mar19

Mar20

Mar21

Mar22

Mar23

Days Payable

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41.72

26.65

42.58

46.25

54.15

Kshitij Polyline Semi-Annual Data
	Mar14	Mar15	Mar16	Mar17	Mar18	Sep18	Mar19	Sep19	Mar20	Sep20	Mar21	Sep21	Mar22	Sep22	Mar23	Sep23
Days Payable	Get a 7-Day Free Trial											28.33	25.60	74.23	50.72	30.10

Competitive Comparison of Kshitij Polyline's Days Payable

For the Business Equipment & Supplies subindustry, Kshitij Polyline'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.

Kshitij Polyline's Days Payable Distribution in the Industrial Products Industry

For the Industrial Products industry and Industrials sector, Kshitij Polyline's Days Payable distribution charts can be found below:

* The bar in red indicates where Kshitij Polyline's Days Payable falls into.

Kshitij Polyline 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.

Kshitij Polyline'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
=	( (38.166	+	29.622)	/	2 )	/	228.444	*	365
=	33.894					/	228.444	*	365
=	54.15

Kshitij Polyline'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
=	( (29.622	+	56.718)	/	2 )	/	261.743	*	365 / 2
=	43.17					/	261.743	*	365 / 2
=	30.10

Kshitij Polyline Days Payable Related Terms

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Kshitij Polyline (NSE:EQKSHITIJPOL) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Industrials » Industrial Products » Kshitij Polyline Ltd (NSE:EQKSHITIJPOL) » Definitions » Days Payable

Comparable Companies

Traded in Other Exchanges

N/A

Address

Parsi Panchayat Road, 8, Sona Udyog, Andheri (East), Mumbai, MH, IND, 400069

Website

https://www.kshitijpolyline.co.in

Kshitij Polyline Ltd is engaged in manufacturing, marketing, sourcing plastic sheets, lamination sheet, folders, I cards, and files having wide applications in printing and stationery. The company offers office stationery, calendar, dairy, and student study materials of a different variety of colors, designs, and applications. It offers products including plastic card holders, neck lanyards, personalized products, badge clips, invitation, and desk material, wire and spiral material suitable for making calendars, diaries, and presentation material.

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