Iris Clothings (NSE:IRISDOREME) Days Payable : 92.00 (As of Sep. 2024)

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What is Iris Clothings Days Payable?

Iris Clothings's average Accounts Payable for the three months ended in Sep. 2024 was ₹232 Mil. Iris Clothings's Cost of Goods Sold for the three months ended in Sep. 2024 was ₹230 Mil. Hence, Iris Clothings's Days Payable for the three months ended in Sep. 2024 was 92.00.

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

NSE:IRISDOREME' s Days Payable Range Over the Past 10 Years
Min: 55.41 Med: 87 Max: 157.16
Current: 100.46

During the past 11 years, Iris Clothings's highest Days Payable was 157.16. The lowest was 55.41. And the median was 87.00.

NSE:IRISDOREME's Days Payable is ranked better than
76.7% of 1013 companies
in the Manufacturing - Apparel & Accessories industry
Industry Median: 54.01 vs NSE:IRISDOREME: 100.46

Iris Clothings's Days Payable declined from Sep. 2023 (118.48) to Sep. 2024 (92.00). It may suggest that Iris Clothings accelerated paying its suppliers.

Iris Clothings Days Payable Historical Data

The historical data trend for Iris Clothings'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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Iris Clothings Days Payable Chart

Iris Clothings Annual Data

Trend

Mar15

Mar16

Mar17

Mar18

Mar19

Mar20

Mar21

Mar22

Mar23

Mar24

Days Payable

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157.16

80.40

55.41

76.09

106.23

Iris Clothings Quarterly Data
	Sep19	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															118.48	238.09	60.99	109.70	92.00

Competitive Comparison of Iris Clothings's Days Payable

For the Apparel Manufacturing subindustry, Iris Clothings'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.

Iris Clothings's Days Payable Distribution in the Manufacturing - Apparel & Accessories Industry

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

* The bar in red indicates where Iris Clothings's Days Payable falls into.

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Iris Clothings 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.

Iris Clothings'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
=	( (167.223	+	192.819)	/	2 )	/	618.514	*	365
=	180.021					/	618.514	*	365
=	106.23

Iris Clothings'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	+	232.156)	/	1 )	/	230.272	*	365 / 4
=	232.156					/	230.272	*	365 / 4
=	92.00

Iris Clothings Days Payable Related Terms

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Iris Clothings Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Consumer Cyclical » Manufacturing - Apparel & Accessories » Iris Clothings Ltd (NSE:IRISDOREME) » Definitions » Days Payable

Traded in Other Exchanges

N/A

Address

103/24/1, Foreshore Road, Shibpur, Binani Metal Compound, Howrah, WB, IND, 711102

Website

https://www.irisclothings.in

Iris Clothings Ltd is an India-based company mainly engaged in the manufacturing, designing, branding, and selling of kids wear under the brand name DoReMe. The company caters to the kids wear category mostly juniors including various kinds of apparel and related products for all infants, boys, and girls. Products offered by the company include tops, t-shirts, pants, shorts, frock, dresses, and towels.

Iris Clothings Headlines

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