Shree Karni Fabcom (NSE:SHREEKARNI) Days Payable : 58.07 (As of Sep. 2024)

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What is Shree Karni Fabcom Days Payable?

Shree Karni Fabcom's average Accounts Payable for the six months ended in Sep. 2024 was ₹169 Mil. Shree Karni Fabcom's Cost of Goods Sold for the six months ended in Sep. 2024 was ₹533 Mil. Hence, Shree Karni Fabcom's Days Payable for the six months ended in Sep. 2024 was 58.07.

The historical rank and industry rank for Shree Karni Fabcom's Days Payable or its related term are showing as below:

NSE:SHREEKARNI' s Days Payable Range Over the Past 10 Years
Min: 61.72 Med: 70.2 Max: 79.06
Current: 65.71

During the past 4 years, Shree Karni Fabcom's highest Days Payable was 79.06. The lowest was 61.72. And the median was 70.20.

NSE:SHREEKARNI's Days Payable is ranked better than
58.5% of 1024 companies
in the Manufacturing - Apparel & Accessories industry
Industry Median: 55.66 vs NSE:SHREEKARNI: 65.71

Shree Karni Fabcom's Days Payable declined from Sep. 2023 (82.52) to Sep. 2024 (58.07). It may suggest that Shree Karni Fabcom accelerated paying its suppliers.

Shree Karni Fabcom Days Payable Historical Data

The historical data trend for Shree Karni Fabcom'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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Shree Karni Fabcom Days Payable Chart

Shree Karni Fabcom Annual Data

Trend

Mar21

Mar22

Mar23

Mar24

Days Payable

79.06

61.72

72.62

67.78

Shree Karni Fabcom Semi-Annual Data
	Mar21	Mar22	Mar23	Sep23	Mar24	Sep24
Days Payable	Get a 7-Day Free Trial			-	-	82.52	49.36	58.07

Competitive Comparison of Shree Karni Fabcom's Days Payable

For the Textile Manufacturing subindustry, Shree Karni Fabcom'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.

Shree Karni Fabcom's Days Payable Distribution in the Manufacturing - Apparel & Accessories Industry

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

* The bar in red indicates where Shree Karni Fabcom's Days Payable falls into.

Shree Karni Fabcom 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.

Shree Karni Fabcom'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
=	( (231.053	+	110.556)	/	2 )	/	919.806	*	365
=	170.8045					/	919.806	*	365
=	67.78

Shree Karni Fabcom'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: Mar. 2024 )	+	Accounts Payable (Q: Sep. 2024 ))	/	count )	/	Cost of Goods Sold (Q: Sep. 2024 )	*	Days in Period
=	( (110.556	+	228.363)	/	2 )	/	532.539	*	365 / 2
=	169.4595					/	532.539	*	365 / 2
=	58.07

Shree Karni Fabcom Days Payable Related Terms

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Shree Karni Fabcom Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Consumer Cyclical » Manufacturing - Apparel & Accessories » Shree Karni Fabcom Ltd (NSE:SHREEKARNI) » Definitions » Days Payable

Traded in Other Exchanges

N/A

Address

Plot 188,189,190, Block No. 314, Rajhans Texpa, Village Baleshvar, Taluka Palsana, Surat, GJ, IND, 394317

Website

https://www.skflindia.com

Shree Karni Fabcom Ltd is engaged in the manufacturing of technical textiles tailored for diverse industries such as luggage, medical arch support, chairs, shoes, and apparels. Its production process begins with yarn procurement and encompasses weaving, coating, printing, and finishing, resulting in knitted and woven fabrics crafted specifications. It is specialized in converting yarn into fabric through knitting of fabrics.

Shree Karni Fabcom Headlines

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