Ashish Polyplast (BOM:530429) Days Payable : 24.76 (As of Mar. 2024)

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What is Ashish Polyplast Days Payable?

Ashish Polyplast's average Accounts Payable for the three months ended in Mar. 2024 was ₹9.0 Mil. Ashish Polyplast's Cost of Goods Sold for the three months ended in Mar. 2024 was ₹33.2 Mil. Hence, Ashish Polyplast's Days Payable for the three months ended in Mar. 2024 was 24.76.

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

BOM:530429' s Days Payable Range Over the Past 10 Years
Min: 12.17 Med: 19.55 Max: 35.03
Current: 18.61

During the past 13 years, Ashish Polyplast's highest Days Payable was 35.03. The lowest was 12.17. And the median was 19.55.

BOM:530429's Days Payable is ranked worse than
91.39% of 1498 companies
in the Chemicals industry
Industry Median: 60.475 vs BOM:530429: 18.61

Ashish Polyplast's Days Payable increased from Mar. 2023 (14.23) to Mar. 2024 (24.76). It may suggest that Ashish Polyplast delayed paying its suppliers.

Ashish Polyplast Days Payable Historical Data

The historical data trend for Ashish Polyplast'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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Ashish Polyplast Days Payable Chart

Ashish Polyplast Annual Data

Trend

Mar15

Mar16

Mar17

Mar18

Mar19

Mar20

Mar21

Mar22

Mar23

Mar24

Days Payable

Get a 7-Day Free Trial

19.66

17.80

12.26

12.17

18.64

Ashish Polyplast Quarterly Data
	Jun19	Sep19	Dec19	Mar20	Jun20	Sep20	Dec20	Mar21	Jun21	Sep21	Dec21	Mar22	Jun22	Sep22	Dec22	Mar23	Jun23	Sep23	Dec23	Mar24
Days Payable	Get a 7-Day Free Trial															14.23	13.08	18.30	18.58	24.76

Competitive Comparison of Ashish Polyplast's Days Payable

For the Specialty Chemicals subindustry, Ashish Polyplast'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.

Ashish Polyplast's Days Payable Distribution in the Chemicals Industry

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

* The bar in red indicates where Ashish Polyplast's Days Payable falls into.

Ashish Polyplast 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.

Ashish Polyplast'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
=	( (5.011	+	9)	/	2 )	/	137.174	*	365
=	7.0055					/	137.174	*	365
=	18.64

Ashish Polyplast's Days Payable for the quarter that ended in Mar. 2024 is calculated as:

	Days Payable (Q: Mar. 2024 )
=	Average Accounts Payable					/	Cost of Goods Sold	*	Days in Period
=	( (Accounts Payable (Q: Dec. 2023 )	+	Accounts Payable (Q: Mar. 2024 ))	/	count )	/	Cost of Goods Sold (Q: Mar. 2024 )	*	Days in Period
=	( (0	+	9)	/	1 )	/	33.162	*	365 / 4
=	9					/	33.162	*	365 / 4
=	24.76

Ashish Polyplast Days Payable Related Terms

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Ashish Polyplast (BOM:530429) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Basic Materials » Chemicals » Ashish Polyplast Ltd (BOM:530429) » Definitions » Days Payable

Comparable Companies

Traded in Other Exchanges

N/A

Address

501, Fortune Business Hub, Near Satyomev Elysium, Near Science City, Sola, Ahmedabad, GJ, IND, 380060

Website

http://www.ashishpolyplast.com

Ashish Polyplast Ltd is an India-based company principally engaged in the manufacturing of polymerization of vinyl chloride (PVC) pipes. It manufactures and exports braided hoses and flexible PVC hoses. The company's product portfolio includes Realon Air & Pneumatic Hose - Transparent, Realon Welding Hose - Red & Blue, Realon Water Hose, Realon Car Washing Hose, and Realon Rock Drilling Hose - Transparent.

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