Indian Card Clothing Co (BOM:509692) Days Payable : 251.41 (As of Mar. 2024)

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What is Indian Card Clothing Co Days Payable?

Indian Card Clothing Co's average Accounts Payable for the three months ended in Mar. 2024 was ₹106.7 Mil. Indian Card Clothing Co's Cost of Goods Sold for the three months ended in Mar. 2024 was ₹38.7 Mil. Hence, Indian Card Clothing Co's Days Payable for the three months ended in Mar. 2024 was 251.41.

The historical rank and industry rank for Indian Card Clothing Co's Days Payable or its related term are showing as below:

BOM:509692' s Days Payable Range Over the Past 10 Years
Min: 67.61 Med: 142.47 Max: 178.39
Current: 178.39

During the past 13 years, Indian Card Clothing Co's highest Days Payable was 178.39. The lowest was 67.61. And the median was 142.47.

BOM:509692's Days Payable is ranked better than
89.8% of 1020 companies
in the Manufacturing - Apparel & Accessories industry
Industry Median: 56.73 vs BOM:509692: 178.39

Indian Card Clothing Co's Days Payable increased from Mar. 2023 (237.36) to Mar. 2024 (251.41). It may suggest that Indian Card Clothing Co delayed paying its suppliers.

Indian Card Clothing Co Days Payable Historical Data

The historical data trend for Indian Card Clothing Co'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.

Indian Card Clothing Co Days Payable Chart

Indian Card Clothing Co Annual Data

Trend

Mar15

Mar16

Mar17

Mar18

Mar19

Mar20

Mar21

Mar22

Mar23

Mar24

Days Payable

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152.61

150.97

104.67

162.93

223.70

Indian Card Clothing Co 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															237.36	209.41	184.68	221.63	251.41

Competitive Comparison of Indian Card Clothing Co's Days Payable

For the Textile Manufacturing subindustry, Indian Card Clothing Co'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.

Indian Card Clothing Co's Days Payable Distribution in the Manufacturing - Apparel & Accessories Industry

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

* The bar in red indicates where Indian Card Clothing Co's Days Payable falls into.

Indian Card Clothing Co 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.

Indian Card Clothing Co'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
=	( (94.201	+	106.728)	/	2 )	/	163.923	*	365
=	100.4645					/	163.923	*	365
=	223.70

Indian Card Clothing Co'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	+	106.728)	/	1 )	/	38.738	*	365 / 4
=	106.728					/	38.738	*	365 / 4
=	251.41

Indian Card Clothing Co Days Payable Related Terms

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Indian Card Clothing Co (BOM:509692) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Consumer Cyclical » Manufacturing - Apparel & Accessories » Indian Card Clothing Co Ltd (BOM:509692) » Definitions » Days Payable

Traded in Other Exchanges

INDIANCARD:India

Address

Koregaon Park Annexe, 14th Floor, B Wing, AP-81, Mundhwa, Pune, MH, IND, 411036

Website

https://www.cardindia.com

Indian Card Clothing Co Ltd is a manufacturer of card clothing based in India. The company operates through two divisions: Card Clothing and Realty. It generates maximum revenue from the Card Clothing segment. Geographically, it sells its products in India and also exports them to other countries, from which the company derives a majority of its revenue from India. The company's product portfolio comprises Carding Solutions by Product Type which includes Cylinder Wires, Doffer Wires, Lickerin Wires, and Flat Tops. Carding Solutions by Material Type which includes Cotton and Synthetics, Woollen and Others, and Metallic Wires for Non-Woven and Carding solutions by application which includes Card clothing, Card room machinery, and Upgradation products.

Indian Card Clothing Co (BOM:509692) Headlines

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