Candour Techtex (BOM:522292) Days Payable : 28.81 (As of Dec. 2023)

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What is Candour Techtex Days Payable?

Candour Techtex's average Accounts Payable for the three months ended in Dec. 2023 was ₹132 Mil. Candour Techtex's Cost of Goods Sold for the three months ended in Dec. 2023 was ₹419 Mil. Hence, Candour Techtex's Days Payable for the three months ended in Dec. 2023 was 28.81.

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

BOM:522292' s Days Payable Range Over the Past 10 Years
Min: 16.81 Med: 104.21 Max: 955.58
Current: 20.78

During the past 13 years, Candour Techtex's highest Days Payable was 955.58. The lowest was 16.81. And the median was 104.21.

BOM:522292's Days Payable is ranked worse than
94.58% of 2935 companies
in the Industrial Products industry
Industry Median: 76.43 vs BOM:522292: 20.78

Candour Techtex's Days Payable declined from Dec. 2022 (306.09) to Dec. 2023 (28.81). It may suggest that Candour Techtex accelerated paying its suppliers.

Candour Techtex Days Payable Historical Data

The historical data trend for Candour Techtex'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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Candour Techtex Days Payable Chart

Candour Techtex Annual Data

Trend

Mar14

Mar15

Mar16

Mar17

Mar18

Mar19

Mar20

Mar21

Mar22

Mar23

Days Payable

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955.58

180.04

93.06

34.95

19.49

Candour Techtex 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															306.09	77.77	6.19	22.36	28.81

Competitive Comparison of Candour Techtex's Days Payable

For the Specialty Industrial Machinery subindustry, Candour Techtex'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.

Candour Techtex's Days Payable Distribution in the Industrial Products Industry

For the Industrial Products industry and Industrials sector, Candour Techtex's Days Payable distribution charts can be found below:

* The bar in red indicates where Candour Techtex's Days Payable falls into.

Candour Techtex 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.

Candour Techtex'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
=	( (30.079	+	27.064)	/	2 )	/	534.968	*	365
=	28.5715					/	534.968	*	365
=	19.49

Candour Techtex'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
=	( (132.27	+	0)	/	1 )	/	418.964	*	365 / 4
=	132.27					/	418.964	*	365 / 4
=	28.81

Candour Techtex Days Payable Related Terms

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Candour Techtex (BOM:522292) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Industrials » Industrial Products » Candour Techtex Ltd (BOM:522292) » Definitions » Days Payable

Comparable Companies

Traded in Other Exchanges

N/A

Address

52, S.K. Ahire Marg, 108/109, T.V. Industrial Estate, Worli, Mumbai, MH, IND, 400 030

Website

https://www.cteil.com

Candour Techtex Ltd is an India-based textile machinery manufacturer of two-for-one twisting machines (TFO). In addition, it also manufactures velvet fabrics. The operating segments of the company are the Textile division; Plastic division, Trading Division and Technical Textiles Division. It derives maximum revenue from the Trading division. The organization also manufactures plastic crates and other allied plastic products. The company has business operations in India and internationally. Its product offerings comprise Die Casting machines, Injection Moulding Machines, and Rubber Injection Moulding machines, among others.

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