Axtel Industries (BOM:523850) Days Payable : 118.13 (As of Mar. 2024)

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What is Axtel Industries Days Payable?

Axtel Industries's average Accounts Payable for the three months ended in Mar. 2024 was ₹327 Mil. Axtel Industries's Cost of Goods Sold for the three months ended in Mar. 2024 was ₹253 Mil. Hence, Axtel Industries's Days Payable for the three months ended in Mar. 2024 was 118.13.

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

BOM:523850' s Days Payable Range Over the Past 10 Years
Min: 81.65 Med: 120.91 Max: 171.09
Current: 121.54

During the past 13 years, Axtel Industries's highest Days Payable was 171.09. The lowest was 81.65. And the median was 120.91.

BOM:523850's Days Payable is ranked better than
70.27% of 2936 companies
in the Industrial Products industry
Industry Median: 76.765 vs BOM:523850: 121.54

Axtel Industries's Days Payable increased from Mar. 2023 (97.06) to Mar. 2024 (118.13). It may suggest that Axtel Industries delayed paying its suppliers.

Axtel Industries Days Payable Historical Data

The historical data trend for Axtel Industries'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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Axtel Industries Days Payable Chart

Axtel Industries Annual Data

Trend

Mar15

Mar16

Mar17

Mar18

Mar19

Mar20

Mar21

Mar22

Mar23

Mar24

Days Payable

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118.48

81.65

120.09

135.81

123.76

Axtel Industries 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															97.06	149.12	91.06	136.36	118.13

Competitive Comparison of Axtel Industries's Days Payable

For the Specialty Industrial Machinery subindustry, Axtel Industries'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.

Axtel Industries's Days Payable Distribution in the Industrial Products Industry

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

* The bar in red indicates where Axtel Industries's Days Payable falls into.

Axtel Industries 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.

Axtel Industries'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
=	( (402.101	+	327.118)	/	2 )	/	1075.306	*	365
=	364.6095					/	1075.306	*	365
=	123.76

Axtel Industries'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	+	327.118)	/	1 )	/	252.685	*	365 / 4
=	327.118					/	252.685	*	365 / 4
=	118.13

Axtel Industries Days Payable Related Terms

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Axtel Industries (BOM:523850) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Industrials » Industrial Products » Axtel Industries Ltd (BOM:523850) » Definitions » Days Payable

Comparable Companies

Traded in Other Exchanges

N/A

Address

Vadodara-Halol Highway, P.O. Baska, Plot No. 43/1, Village Nurpura, District Panchmahals, Halol, GJ, IND, 389350

Website

https://www.axtelindia.com

Axtel Industries Ltd is engaged in engineering process equipment for the food industry. The company is involved in turnkey systems, product development, and customer service. The business of the company operates in one segment that is Manufacturing Food Processing Instruments. The company derives revenue from the sale of machinery i.e. manufactured goods and related services. The product line of the company consists of solids handling, storage and discharge, sieving and straining, cleaning and grading, size reduction, mixing and blending, and specialized process equipment.

Axtel Industries (BOM:523850) Headlines

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