Banswara Syntex (BOM:503722) Days Payable : 45.45 (As of Mar. 2024)

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What is Banswara Syntex Days Payable?

Banswara Syntex's average Accounts Payable for the three months ended in Mar. 2024 was ₹799 Mil. Banswara Syntex's Cost of Goods Sold for the three months ended in Mar. 2024 was ₹1,604 Mil. Hence, Banswara Syntex's Days Payable for the three months ended in Mar. 2024 was 45.45.

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

BOM:503722' s Days Payable Range Over the Past 10 Years
Min: 54.13 Med: 60.17 Max: 88.9
Current: 56.42

During the past 13 years, Banswara Syntex's highest Days Payable was 88.90. The lowest was 54.13. And the median was 60.17.

BOM:503722's Days Payable is ranked worse than
50.39% of 1016 companies
in the Manufacturing - Apparel & Accessories industry
Industry Median: 57.25 vs BOM:503722: 56.42

Banswara Syntex's Days Payable declined from Mar. 2023 (52.07) to Mar. 2024 (45.45). It may suggest that Banswara Syntex accelerated paying its suppliers.

Banswara Syntex Days Payable Historical Data

The historical data trend for Banswara Syntex'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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Banswara Syntex Days Payable Chart

Banswara Syntex Annual Data

Trend

Mar15

Mar16

Mar17

Mar18

Mar19

Mar20

Mar21

Mar22

Mar23

Mar24

Days Payable

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61.92

88.90

63.10

56.79

55.34

Banswara Syntex 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															52.07	66.26	59.62	59.52	45.45

Competitive Comparison of Banswara Syntex's Days Payable

For the Textile Manufacturing subindustry, Banswara Syntex'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.

Banswara Syntex's Days Payable Distribution in the Manufacturing - Apparel & Accessories Industry

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

* The bar in red indicates where Banswara Syntex's Days Payable falls into.

Banswara Syntex 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.

Banswara Syntex'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
=	( (885.846	+	798.97)	/	2 )	/	5556.191	*	365
=	842.408					/	5556.191	*	365
=	55.34

Banswara Syntex'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	+	798.97)	/	1 )	/	1603.943	*	365 / 4
=	798.97					/	1603.943	*	365 / 4
=	45.45

Banswara Syntex Days Payable Related Terms

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Banswara Syntex (BOM:503722) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Consumer Cyclical » Manufacturing - Apparel & Accessories » Banswara Syntex Ltd (BOM:503722) » Definitions » Days Payable

Traded in Other Exchanges

BANSWRAS:India

Address

199, Princess Street, 4th/5th Floor, Gopal Bhawan, Mumbai, MH, IND, 400002

Website

https://www.banswarasyntex.com

Banswara Syntex Ltd operates in the textile industry. The core business of the company is the manufacturing and marketing of textile products. Its product offerings include spun synthetic blended yarn, wool, and wool mix yarn, spun synthetic and worsted fabrics, and cotton and linen fabrics besides readymade garments. The company also produces shirting and technical fabrics.

Banswara Syntex (BOM:503722) Headlines

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