Gul Ahmed Textile Mills (KAR:GATM) Days Payable : 89.22 (As of Mar. 2024)

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What is Gul Ahmed Textile Mills Days Payable?

Gul Ahmed Textile Mills's average Accounts Payable for the three months ended in Mar. 2024 was ₨35,797 Mil. Gul Ahmed Textile Mills's Cost of Goods Sold for the three months ended in Mar. 2024 was ₨36,610 Mil. Hence, Gul Ahmed Textile Mills's Days Payable for the three months ended in Mar. 2024 was 89.22.

The historical rank and industry rank for Gul Ahmed Textile Mills's Days Payable or its related term are showing as below:

KAR:GATM' s Days Payable Range Over the Past 10 Years
Min: 22.73 Med: 44.27 Max: 80.03
Current: 80.03

During the past 13 years, Gul Ahmed Textile Mills's highest Days Payable was 80.03. The lowest was 22.73. And the median was 44.27.

KAR:GATM's Days Payable is ranked better than
67.26% of 1014 companies
in the Manufacturing - Apparel & Accessories industry
Industry Median: 57.055 vs KAR:GATM: 80.03

Gul Ahmed Textile Mills's Days Payable increased from Mar. 2023 (87.58) to Mar. 2024 (89.22). It may suggest that Gul Ahmed Textile Mills delayed paying its suppliers.

Gul Ahmed Textile Mills Days Payable Historical Data

The historical data trend for Gul Ahmed Textile Mills'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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Gul Ahmed Textile Mills Days Payable Chart

Gul Ahmed Textile Mills Annual Data

Trend

Jun14

Jun15

Jun16

Jun17

Jun18

Jun19

Jun20

Jun21

Jun22

Jun23

Days Payable

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23.49

32.97

50.07

47.32

37.96

Gul Ahmed Textile Mills 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															87.58	67.82	60.30	94.06	89.22

Competitive Comparison of Gul Ahmed Textile Mills's Days Payable

For the Textile Manufacturing subindustry, Gul Ahmed Textile Mills'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.

Gul Ahmed Textile Mills's Days Payable Distribution in the Manufacturing - Apparel & Accessories Industry

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

* The bar in red indicates where Gul Ahmed Textile Mills's Days Payable falls into.

Gul Ahmed Textile Mills 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.

Gul Ahmed Textile Mills's Days Payable for the fiscal year that ended in Jun. 2023 is calculated as

	Days Payable (A: Jun. 2023 )
=	Average Accounts Payable					/	Cost of Goods Sold	*	Days in Period
=	( (Accounts Payable (A: Jun. 2022 )	+	Accounts Payable (A: Jun. 2023 ))	/	count )	/	Cost of Goods Sold (A: Jun. 2023 )	*	Days in Period
=	( (9633.709	+	13402.816)	/	2 )	/	110746.798	*	365
=	11518.2625					/	110746.798	*	365
=	37.96

Gul Ahmed Textile Mills'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
=	( (37173.625	+	34419.877)	/	2 )	/	36610.362	*	365 / 4
=	35796.751					/	36610.362	*	365 / 4
=	89.22

Gul Ahmed Textile Mills Days Payable Related Terms

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Gul Ahmed Textile Mills (KAR:GATM) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Consumer Cyclical » Manufacturing - Apparel & Accessories » Gul Ahmed Textile Mills Ltd (KAR:GATM) » Definitions » Days Payable

Comparable Companies

Traded in Other Exchanges

N/A

Address

Plot No.H-7, Landhi Industrial Area, Landhi, Karachi, SD, PAK, 75120

Website

https://www.gulahmed.com

Gul Ahmed Textile Mills Ltd is engaged in the manufacturing and selling of textile products. The company's segments are Spinning which includes the production of different yarn using natural and artificial fibers, Weaving segment caters to in-house requirements for home textile, retail and distribution, and apparel division, Retail and Distribution segment is involved in retail sales through a chain of IDEAS retails outlets and its distribution channels. and Processing, Home Textile and Apparel segment deals in processing greige fabrics into various types of finished fabrics. It generates a majority of its revenue from the Home Textile segment.

Gul Ahmed Textile Mills (KAR:GATM) Headlines

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