Ecoplast (BOM:526703) Days Payable : 30.87 (As of Dec. 2023)

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What is Ecoplast Days Payable?

Ecoplast's average Accounts Payable for the three months ended in Dec. 2023 was ₹61 Mil. Ecoplast's Cost of Goods Sold for the three months ended in Dec. 2023 was ₹180 Mil. Hence, Ecoplast's Days Payable for the three months ended in Dec. 2023 was 30.87.

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

BOM:526703' s Days Payable Range Over the Past 10 Years
Min: 30.94 Med: 44.44 Max: 53.49
Current: 30.94

During the past 13 years, Ecoplast's highest Days Payable was 53.49. The lowest was 30.94. And the median was 44.44.

BOM:526703's Days Payable is ranked worse than
81.89% of 370 companies
in the Packaging & Containers industry
Industry Median: 57.555 vs BOM:526703: 30.94

Ecoplast's Days Payable declined from Dec. 2022 (37.17) to Dec. 2023 (30.87). It may suggest that Ecoplast accelerated paying its suppliers.

Ecoplast Days Payable Historical Data

The historical data trend for Ecoplast'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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Ecoplast Days Payable Chart

Ecoplast Annual Data

Trend

Mar14

Mar15

Mar16

Mar17

Mar18

Mar19

Mar20

Mar21

Mar22

Mar23

Days Payable

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39.60

40.45

53.49

40.56

35.96

Ecoplast 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															37.17	27.79	35.83	29.70	30.87

Competitive Comparison of Ecoplast's Days Payable

For the Packaging & Containers subindustry, Ecoplast'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.

Ecoplast's Days Payable Distribution in the Packaging & Containers Industry

For the Packaging & Containers industry and Consumer Cyclical sector, Ecoplast's Days Payable distribution charts can be found below:

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

Ecoplast 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.

Ecoplast'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
=	( (75.499	+	63.661)	/	2 )	/	706.281	*	365
=	69.58					/	706.281	*	365
=	35.96

Ecoplast'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
=	( (60.853	+	0)	/	1 )	/	179.905	*	365 / 4
=	60.853					/	179.905	*	365 / 4
=	30.87

Ecoplast Days Payable Related Terms

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

Ecoplast (BOM:526703) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Consumer Cyclical » Packaging & Containers » Ecoplast Ltd (BOM:526703) » Definitions » Days Payable

Comparable Companies

Traded in Other Exchanges

N/A

Address

Unit No.1309 and 1310, N.S. Phadke Road, 13th Floor, Hubtown Solaris, Opp.Telli Galli, Near East West Flyover, Andheri (East), Mumbai, MH, IND, 400 069

Website

https://www.ecoplastindia.com

Ecoplast Ltd operates in the packaging industry. The company is principally engaged in the business of manufacturing, processing, and selling co-extruded plastic film for packaging and industrial applications. The company caters to both domestic and international markets.

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