Ashnoor Textile Mills (BOM:507872) Days Payable : 18.74 (As of Dec. 2023)

View and export this data going back to 1991. Start your Free Trial

What is Ashnoor Textile Mills Days Payable?

Ashnoor Textile Mills's average Accounts Payable for the three months ended in Dec. 2023 was ₹49 Mil. Ashnoor Textile Mills's Cost of Goods Sold for the three months ended in Dec. 2023 was ₹240 Mil. Hence, Ashnoor Textile Mills's Days Payable for the three months ended in Dec. 2023 was 18.74.

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

BOM:507872' s Days Payable Range Over the Past 10 Years
Min: 20.45 Med: 36.67 Max: 85.81
Current: 20.45

During the past 13 years, Ashnoor Textile Mills's highest Days Payable was 85.81. The lowest was 20.45. And the median was 36.67.

BOM:507872's Days Payable is ranked worse than
86.12% of 1016 companies
in the Manufacturing - Apparel & Accessories industry
Industry Median: 57.25 vs BOM:507872: 20.45

Ashnoor Textile Mills's Days Payable declined from Dec. 2022 (46.10) to Dec. 2023 (18.74). It may suggest that Ashnoor Textile Mills accelerated paying its suppliers.

Ashnoor Textile Mills Days Payable Historical Data

The historical data trend for Ashnoor 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.

* Premium members only.

Ashnoor Textile Mills Days Payable Chart

Ashnoor Textile Mills Annual Data

Trend

Mar14

Mar15

Mar16

Mar17

Mar18

Mar19

Mar20

Mar21

Mar22

Mar23

Days Payable

Get a 7-Day Free Trial

35.42

37.91

51.02

28.78

28.68

Ashnoor Textile Mills 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															46.10	9.56	10.60	18.33	18.74

Competitive Comparison of Ashnoor Textile Mills's Days Payable

For the Textile Manufacturing subindustry, Ashnoor 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.

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

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

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

Ashnoor 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.

Ashnoor Textile Mills'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
=	( (200.433	+	27.658)	/	2 )	/	1451.419	*	365
=	114.0455					/	1451.419	*	365
=	28.68

Ashnoor Textile Mills'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
=	( (49.29	+	0)	/	1 )	/	239.977	*	365 / 4
=	49.29					/	239.977	*	365 / 4
=	18.74

Ashnoor Textile Mills Days Payable Related Terms

Thank you for viewing the detailed overview of Ashnoor Textile Mills's Days Payable provided by GuruFocus.com. Please click on the following links to see related term pages.

Ashnoor Textile Mills (BOM:507872) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Consumer Cyclical » Manufacturing - Apparel & Accessories » Ashnoor Textile Mills Ltd (BOM:507872) » Definitions » Days Payable

Traded in Other Exchanges

N/A

Address

Behrampur Road, Village Khandsa, Gurgaon, HR, IND, 122001

Website

https://www.ashnoortex.com

Ashnoor Textile Mills Ltd is a company engaged in the Terry Towel business. The company manufactures and export white terry towel. Geographically, The majority of the company's revenue is derived from the export of business. The company towels are soft, absorbent, and measure more than one hundred & sixty on the whiteness index.

Ashnoor Textile Mills (BOM:507872) Headlines

No Headlines