GHCL Textiles (NSE:GHCLTEXTIL) Days Payable : 13.62 (As of Jun. 2024)

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What is GHCL Textiles Days Payable?

GHCL Textiles's average Accounts Payable for the three months ended in Jun. 2024 was ₹289 Mil. GHCL Textiles's Cost of Goods Sold for the three months ended in Jun. 2024 was ₹1,934 Mil. Hence, GHCL Textiles's Days Payable for the three months ended in Jun. 2024 was 13.62.

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

NSE:GHCLTEXTIL' s Days Payable Range Over the Past 10 Years
Min: 13.7 Med: 13.7 Max: 16.48
Current: 16.48

During the past 2 years, GHCL Textiles's highest Days Payable was 16.48. The lowest was 13.70. And the median was 13.70.

NSE:GHCLTEXTIL's Days Payable is ranked worse than
89.01% of 1019 companies
in the Manufacturing - Apparel & Accessories industry
Industry Median: 55.04 vs NSE:GHCLTEXTIL: 16.48

GHCL Textiles's Days Payable increased from Jun. 2023 (0.00) to Jun. 2024 (13.62). It may suggest that GHCL Textiles delayed paying its suppliers.

GHCL Textiles Days Payable Historical Data

The historical data trend for GHCL Textiles'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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GHCL Textiles Days Payable Chart

GHCL Textiles Annual Data

Trend

Mar23

Mar24

Days Payable

13.70

GHCL Textiles Quarterly Data
	Jun22	Dec22	Mar23	Jun23	Sep23	Dec23	Mar24	Jun24
Days Payable	Get a 7-Day Free Trial			-	20.60	22.62	11.27	13.62

Competitive Comparison of GHCL Textiles's Days Payable

For the Textile Manufacturing subindustry, GHCL Textiles'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.

GHCL Textiles's Days Payable Distribution in the Manufacturing - Apparel & Accessories Industry

For the Manufacturing - Apparel & Accessories industry and Consumer Cyclical sector, GHCL Textiles's Days Payable distribution charts can be found below:

* The bar in red indicates where GHCL Textiles's Days Payable falls into.

GHCL Textiles 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.

GHCL Textiles'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
=	( (0	+	288.8)	/	1 )	/	7696.6	*	365
=	288.8					/	7696.6	*	365
=	13.70

GHCL Textiles's Days Payable for the quarter that ended in Jun. 2024 is calculated as:

	Days Payable (Q: Jun. 2024 )
=	Average Accounts Payable					/	Cost of Goods Sold	*	Days in Period
=	( (Accounts Payable (Q: Mar. 2024 )	+	Accounts Payable (Q: Jun. 2024 ))	/	count )	/	Cost of Goods Sold (Q: Jun. 2024 )	*	Days in Period
=	( (288.8	+	0)	/	1 )	/	1934.4	*	365 / 4
=	288.8					/	1934.4	*	365 / 4
=	13.62

GHCL Textiles Days Payable Related Terms

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GHCL Textiles Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Consumer Cyclical » Manufacturing - Apparel & Accessories » GHCL Textiles Ltd (NSE:GHCLTEXTIL) » Definitions » Days Payable

Traded in Other Exchanges

543918:India

Address

B-38, Institutional Area, GHCL House, Sector-1, Navrangpura, Noida, UP, IND, 201301

Website

https://www.ghcltextiles.co.in

GHCL Textiles Ltd is engaged in the manufacturing of wearing apparel.

GHCL Textiles Headlines

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