Bhandari Hosiery Exports (BOM:512608) Days Payable : 24.85 (As of Dec. 2023)

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What is Bhandari Hosiery Exports Days Payable?

Bhandari Hosiery Exports's average Accounts Payable for the three months ended in Dec. 2023 was ₹123 Mil. Bhandari Hosiery Exports's Cost of Goods Sold for the three months ended in Dec. 2023 was ₹450 Mil. Hence, Bhandari Hosiery Exports's Days Payable for the three months ended in Dec. 2023 was 24.85.

The historical rank and industry rank for Bhandari Hosiery Exports's Days Payable or its related term are showing as below:

BOM:512608' s Days Payable Range Over the Past 10 Years
Min: 15.43 Med: 19.26 Max: 34.82
Current: 16.72

During the past 13 years, Bhandari Hosiery Exports's highest Days Payable was 34.82. The lowest was 15.43. And the median was 19.26.

BOM:512608's Days Payable is ranked worse than
88.94% of 1022 companies
in the Manufacturing - Apparel & Accessories industry
Industry Median: 57.25 vs BOM:512608: 16.72

Bhandari Hosiery Exports's Days Payable increased from Dec. 2022 (20.94) to Dec. 2023 (24.85). It may suggest that Bhandari Hosiery Exports delayed paying its suppliers.

Bhandari Hosiery Exports Days Payable Historical Data

The historical data trend for Bhandari Hosiery Exports'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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Bhandari Hosiery Exports Days Payable Chart

Bhandari Hosiery Exports Annual Data

Trend

Mar14

Mar15

Mar16

Mar17

Mar18

Mar19

Mar20

Mar21

Mar22

Mar23

Days Payable

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19.72

16.75

18.32

15.43

18.80

Bhandari Hosiery Exports 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															20.94	9.67	30.62	25.13	24.85

Competitive Comparison of Bhandari Hosiery Exports's Days Payable

For the Apparel Manufacturing subindustry, Bhandari Hosiery Exports'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.

Bhandari Hosiery Exports's Days Payable Distribution in the Manufacturing - Apparel & Accessories Industry

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

* The bar in red indicates where Bhandari Hosiery Exports's Days Payable falls into.

Bhandari Hosiery Exports 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.

Bhandari Hosiery Exports'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
=	( (119.685	+	127.237)	/	2 )	/	2397.164	*	365
=	123.461					/	2397.164	*	365
=	18.80

Bhandari Hosiery Exports'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
=	( (122.536	+	0)	/	1 )	/	450.035	*	365 / 4
=	122.536					/	450.035	*	365 / 4
=	24.85

Bhandari Hosiery Exports Days Payable Related Terms

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Bhandari Hosiery Exports (BOM:512608) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Consumer Cyclical » Manufacturing - Apparel & Accessories » Bhandari Hosiery Exports Ltd (BOM:512608) » Definitions » Days Payable

Comparable Companies

Traded in Other Exchanges

BHANDARI:India

Address

Rahon Road, Bhandari House, Village Meharban, Ludhiana, PB, IND, 141007

Website

https://www.bhandariexport.com

Bhandari Hosiery Exports Ltd is an India-based firm. The company is engaged in the manufacturing and distribution of textiles consisting of fabric and garments. It is engaged in dyeing, knitting, and finishing of fabrics. Its product portfolio includes products like T-Shirts, pullovers, sweatshirts, bermudas, polo shirts, tracksuits, pajamas, lowers, ladies, knitted tops with embroidery and prints. Majority of its revenue is earned from the Indian market, while it is also engaged in the export of knitted hosiery garments.

Bhandari Hosiery Exports (BOM:512608) Headlines

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