Tapi Fruit Processing (NSE:TAPIFRUIT) Days Payable : 8.15 (As of Sep. 2023)

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What is Tapi Fruit Processing Days Payable?

Tapi Fruit Processing's average Accounts Payable for the six months ended in Sep. 2023 was ₹4.0 Mil. Tapi Fruit Processing's Cost of Goods Sold for the six months ended in Sep. 2023 was ₹90.2 Mil. Hence, Tapi Fruit Processing's Days Payable for the six months ended in Sep. 2023 was 8.15.

The historical rank and industry rank for Tapi Fruit Processing's Days Payable or its related term are showing as below:

NSE:TAPIFRUIT' s Days Payable Range Over the Past 10 Years
Min: 0.36 Med: 37.73 Max: 54.66
Current: 15.45

During the past 4 years, Tapi Fruit Processing's highest Days Payable was 54.66. The lowest was 0.36. And the median was 37.73.

NSE:TAPIFRUIT's Days Payable is ranked worse than
91.46% of 1792 companies
in the Consumer Packaged Goods industry
Industry Median: 46.25 vs NSE:TAPIFRUIT: 15.45

Tapi Fruit Processing's Days Payable declined from Sep. 2022 (20.61) to Sep. 2023 (8.15). It may suggest that Tapi Fruit Processing accelerated paying its suppliers.

Tapi Fruit Processing Days Payable Historical Data

The historical data trend for Tapi Fruit Processing'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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Tapi Fruit Processing Days Payable Chart

Tapi Fruit Processing Annual Data

Trend

Mar20

Mar21

Mar22

Mar23

Days Payable

46.92

54.66

28.54

0.36

Tapi Fruit Processing Semi-Annual Data
	Mar20	Mar21	Sep21	Mar22	Sep22	Mar23	Sep23
Days Payable	Get a 7-Day Free Trial			93.39	0.46	20.61	15.08	8.15

Competitive Comparison of Tapi Fruit Processing's Days Payable

For the Packaged Foods subindustry, Tapi Fruit Processing'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.

Tapi Fruit Processing's Days Payable Distribution in the Consumer Packaged Goods Industry

For the Consumer Packaged Goods industry and Consumer Defensive sector, Tapi Fruit Processing's Days Payable distribution charts can be found below:

* The bar in red indicates where Tapi Fruit Processing's Days Payable falls into.

Tapi Fruit Processing 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.

Tapi Fruit Processing'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
=	( (0.194	+	0.12)	/	2 )	/	159.895	*	365
=	0.157					/	159.895	*	365
=	0.36

Tapi Fruit Processing'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
=	( (0.12	+	7.938)	/	2 )	/	90.248	*	365 / 2
=	4.029					/	90.248	*	365 / 2
=	8.15

Tapi Fruit Processing Days Payable Related Terms

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Tapi Fruit Processing (NSE:TAPIFRUIT) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Consumer Defensive » Consumer Packaged Goods » Tapi Fruit Processing Ltd (NSE:TAPIFRUIT) » Definitions » Days Payable

Comparable Companies

Traded in Other Exchanges

N/A

Address

Varachha Road, Office No. 212 to 214, Sunrise Chambers, Near Ashok Colony, Mini Bazar, Surat, GJ, IND, 395006

Website

https://www.tapifood.com

Tapi Fruit Processing Ltd is a is a manufacturer of Jelly Based Fruit Products such as Candied, Crystallised and Glazed Fruits, Fruit Bar, Fruit Jellies, Fruit Jam and Fruit Leathers, Chutney and Sauces, Beverages, Fruit crush, Fruit Syrups and Nutraceutical products such as vitamin Gummies.

Tapi Fruit Processing (NSE:TAPIFRUIT) Headlines

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