Garware Hi-Tech Films (BOM:500655) Days Payable : 45.73 (As of Dec. 2023)

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What is Garware Hi-Tech Films Days Payable?

Garware Hi-Tech Films's average Accounts Payable for the three months ended in Dec. 2023 was ₹1,133 Mil. Garware Hi-Tech Films's Cost of Goods Sold for the three months ended in Dec. 2023 was ₹2,261 Mil. Hence, Garware Hi-Tech Films's Days Payable for the three months ended in Dec. 2023 was 45.73.

The historical rank and industry rank for Garware Hi-Tech Films's Days Payable or its related term are showing as below:

BOM:500655' s Days Payable Range Over the Past 10 Years
Min: 15.26 Med: 47.95 Max: 67.6
Current: 56.31

During the past 13 years, Garware Hi-Tech Films's highest Days Payable was 67.60. The lowest was 15.26. And the median was 47.95.

BOM:500655's Days Payable is ranked worse than
54.76% of 1503 companies
in the Chemicals industry
Industry Median: 60.28 vs BOM:500655: 56.31

Garware Hi-Tech Films's Days Payable declined from Dec. 2022 (106.46) to Dec. 2023 (45.73). It may suggest that Garware Hi-Tech Films accelerated paying its suppliers.

Garware Hi-Tech Films Days Payable Historical Data

The historical data trend for Garware Hi-Tech Films'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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Garware Hi-Tech Films Days Payable Chart

Garware Hi-Tech Films Annual Data

Trend

Mar14

Mar15

Mar16

Mar17

Mar18

Mar19

Mar20

Mar21

Mar22

Mar23

Days Payable

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53.33

61.89

67.60

59.11

52.67

Garware Hi-Tech Films Quarterly Data
	Mar19	Jun19	Sep19	Dec19	Mar20	Jun20	Sep20	Dec20	Mar21	Jun21	Sep21	Dec21	Mar22	Jun22	Sep22	Dec22	Mar23	Jun23	Sep23	Dec23
Days Payable	Get a 7-Day Free Trial															106.46	38.42	52.63	55.03	45.73

Competitive Comparison of Garware Hi-Tech Films's Days Payable

For the Specialty Chemicals subindustry, Garware Hi-Tech Films'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.

Garware Hi-Tech Films's Days Payable Distribution in the Chemicals Industry

For the Chemicals industry and Basic Materials sector, Garware Hi-Tech Films's Days Payable distribution charts can be found below:

* The bar in red indicates where Garware Hi-Tech Films's Days Payable falls into.

Garware Hi-Tech Films 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.

Garware Hi-Tech Films'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
=	( (1099.024	+	1035.716)	/	2 )	/	7397.109	*	365
=	1067.37					/	7397.109	*	365
=	52.67

Garware Hi-Tech Films's Days Payable for the quarter that ended in Dec. 2023 is calculated as:

	Days Payable (Q: Dec. 2023 )
=	Average Accounts Payable					/	Cost of Goods Sold	*	Days in Period
=	( (Accounts Payable (Q: Sep. 2023 )	+	Accounts Payable (Q: Dec. 2023 ))	/	count )	/	Cost of Goods Sold (Q: Dec. 2023 )	*	Days in Period
=	( (1133.4	+	0)	/	1 )	/	2261.4	*	365 / 4
=	1133.4					/	2261.4	*	365 / 4
=	45.73

Garware Hi-Tech Films Days Payable Related Terms

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Garware Hi-Tech Films (BOM:500655) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Basic Materials » Chemicals » Garware Hi-Tech Films Ltd (BOM:500655) » Definitions » Days Payable

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Traded in Other Exchanges

GRWRHITECH:India

Address

50 - A, Swami Nityanand Marg, Garware House, Vile Parle (East), Mumbai, MH, IND, 400 057

Website

https://www.garwarepoly.com

Garware Hi-Tech Films Ltd is engaged in the business of manufacturing of Polyester Films. Geographically, it derives a majority of revenue from India. The company manufactures Bi-axially Oriented Polyethylene Terephthalate (BOPET)/Polyester Films, Sun Control Films, Thermal Lamination Films, and Specialty Polyester Films. It also manufactures premium grade heat rejection films based on the latest IR Rejection Technology. These products are used in packaging, electrical and motor and cable insulations, shrink film for label application, colored polyester films for window tint application, sequin, and safety. Geographically, it derives a majority of revenue from the Rest of the world.

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