Fineotex Chemical (NSE:FCL) Days Payable : 50.87 (As of Sep. 2024)

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What is Fineotex Chemical Days Payable?

Fineotex Chemical's average Accounts Payable for the three months ended in Sep. 2024 was ₹502 Mil. Fineotex Chemical's Cost of Goods Sold for the three months ended in Sep. 2024 was ₹900 Mil. Hence, Fineotex Chemical's Days Payable for the three months ended in Sep. 2024 was 50.87.

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

NSE:FCL' s Days Payable Range Over the Past 10 Years
Min: 49.01 Med: 67.26 Max: 77.71
Current: 72.49

During the past 13 years, Fineotex Chemical's highest Days Payable was 77.71. The lowest was 49.01. And the median was 67.26.

NSE:FCL's Days Payable is ranked better than
60.41% of 1503 companies
in the Chemicals industry
Industry Median: 60.18 vs NSE:FCL: 72.49

Fineotex Chemical's Days Payable declined from Sep. 2023 (89.68) to Sep. 2024 (50.87). It may suggest that Fineotex Chemical accelerated paying its suppliers.

Fineotex Chemical Days Payable Historical Data

The historical data trend for Fineotex Chemical'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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Fineotex Chemical Days Payable Chart

Fineotex Chemical Annual Data

Trend

Mar15

Mar16

Mar17

Mar18

Mar19

Mar20

Mar21

Mar22

Mar23

Mar24

Days Payable

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65.23

77.71

74.12

57.10

62.87

Fineotex Chemical Quarterly Data
	Dec19	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															89.68	98.61	69.77	76.23	50.87

Competitive Comparison of Fineotex Chemical's Days Payable

For the Specialty Chemicals subindustry, Fineotex Chemical'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.

Fineotex Chemical's Days Payable Distribution in the Chemicals Industry

For the Chemicals industry and Basic Materials sector, Fineotex Chemical's Days Payable distribution charts can be found below:

* The bar in red indicates where Fineotex Chemical's Days Payable falls into.

Fineotex Chemical 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.

Fineotex Chemical'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
=	( (473.583	+	728.046)	/	2 )	/	3488.121	*	365
=	600.8145					/	3488.121	*	365
=	62.87

Fineotex Chemical'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	+	501.888)	/	1 )	/	900.238	*	365 / 4
=	501.888					/	900.238	*	365 / 4
=	50.87

Fineotex Chemical Days Payable Related Terms

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Fineotex Chemical Business Description

Industry

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Traded in Other Exchanges

533333:India

Address

S. V. Road, 4th Floor, 42/43, Manorama Chambers, Bandra (west), Mumbai, MH, IND, 400 050

Website

https://www.fineotex.com

Fineotex Chemical Ltd is an Indian company engaged in the manufacture of Textile chemicals, auxiliaries, and specialty chemicals. Some of its products include Benzalkonium Chloride (BKC); Barite; Hematite; Magnesium Chloride; Calcium Chloride; DOSS (Dioctyl Sodium Sulfosuccinate) and others. Geographically, it sells its products in India and also exports them, from which it derives a majority of its revenue within India.

Fineotex Chemical Headlines

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