Amarjothi Spinning Mills (BOM:521097) Days Payable : 39.84 (As of Dec. 2023)

View and export this data going back to 1994. Start your Free Trial

What is Amarjothi Spinning Mills Days Payable?

Amarjothi Spinning Mills's average Accounts Payable for the three months ended in Dec. 2023 was ₹61 Mil. Amarjothi Spinning Mills's Cost of Goods Sold for the three months ended in Dec. 2023 was ₹140 Mil. Hence, Amarjothi Spinning Mills's Days Payable for the three months ended in Dec. 2023 was 39.84.

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

BOM:521097' s Days Payable Range Over the Past 10 Years
Min: 14.32 Med: 28.12 Max: 122.25
Current: 20.11

During the past 13 years, Amarjothi Spinning Mills's highest Days Payable was 122.25. The lowest was 14.32. And the median was 28.12.

BOM:521097's Days Payable is ranked worse than
86.08% of 1020 companies
in the Manufacturing - Apparel & Accessories industry
Industry Median: 56.73 vs BOM:521097: 20.11

Amarjothi Spinning Mills's Days Payable declined from Dec. 2022 (140.14) to Dec. 2023 (39.84). It may suggest that Amarjothi Spinning Mills accelerated paying its suppliers.

Amarjothi Spinning Mills Days Payable Historical Data

The historical data trend for Amarjothi Spinning 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.

Amarjothi Spinning Mills Days Payable Chart

Amarjothi Spinning Mills Annual Data

Trend

Mar14

Mar15

Mar16

Mar17

Mar18

Mar19

Mar20

Mar21

Mar22

Mar23

Days Payable

Get a 7-Day Free Trial

80.21

122.25

31.35

15.00

24.88

Amarjothi Spinning 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															140.14	10.86	32.32	36.82	39.84

Competitive Comparison of Amarjothi Spinning Mills's Days Payable

For the Textile Manufacturing subindustry, Amarjothi Spinning 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.

Amarjothi Spinning Mills's Days Payable Distribution in the Manufacturing - Apparel & Accessories Industry

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

* The bar in red indicates where Amarjothi Spinning Mills's Days Payable falls into.

Amarjothi Spinning 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.

Amarjothi Spinning 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
=	( (102.306	+	103.385)	/	2 )	/	1508.76	*	365
=	102.8455					/	1508.76	*	365
=	24.88

Amarjothi Spinning 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
=	( (70.064	+	51.873)	/	2 )	/	139.643	*	365 / 4
=	60.9685					/	139.643	*	365 / 4
=	39.84

Amarjothi Spinning Mills Days Payable Related Terms

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

Amarjothi Spinning Mills (BOM:521097) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Consumer Cyclical » Manufacturing - Apparel & Accessories » Amarjothi Spinning Mills Ltd (BOM:521097) » Definitions » Days Payable

Traded in Other Exchanges

N/A

Address

157, Kumaran Road, Amarjothi House, Tirupur, TN, IND, 641601

Website

http://www.amarjothi.net

Amarjothi Spinning Mills Ltd is engaged in the spinning, dyeing, and blending of yarn. The company owns windmills for captive consumption purposes. Further, it offers blended melange yarns products such as cotton, viscose, polyester, modal, synthetic fiber, man-made fiber, bamboo, flax, and slub yarns, as well as non-blended melange yarns and melange shades. Geographically business activity of the firm is operated through the regions of India and derives revenue from the sale of products.

Amarjothi Spinning Mills (BOM:521097) Headlines

No Headlines