Gratex Industries (BOM:526751) Days Payable : 86.32 (As of Dec. 2023)

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What is Gratex Industries Days Payable?

Gratex Industries's average Accounts Payable for the three months ended in Dec. 2023 was ₹4.10 Mil. Gratex Industries's Cost of Goods Sold for the three months ended in Dec. 2023 was ₹4.33 Mil. Hence, Gratex Industries's Days Payable for the three months ended in Dec. 2023 was 86.32.

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

BOM:526751' s Days Payable Range Over the Past 10 Years
Min: 16.79 Med: 42.34 Max: 88.91
Current: 80.06

During the past 13 years, Gratex Industries's highest Days Payable was 88.91. The lowest was 16.79. And the median was 42.34.

BOM:526751's Days Payable is ranked better than
58.87% of 406 companies
in the Furnishings, Fixtures & Appliances industry
Industry Median: 69.03 vs BOM:526751: 80.06

Gratex Industries's Days Payable increased from Dec. 2022 (46.62) to Dec. 2023 (86.32). It may suggest that Gratex Industries delayed paying its suppliers.

Gratex Industries Days Payable Historical Data

The historical data trend for Gratex 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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Gratex Industries Days Payable Chart

Gratex Industries Annual Data

Trend

Mar14

Mar15

Mar16

Mar17

Mar18

Mar19

Mar20

Mar21

Mar22

Mar23

Days Payable

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36.70

39.96

88.91

66.39

60.49

Gratex Industries 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															46.62	85.14	69.07	97.25	86.32

Competitive Comparison of Gratex Industries's Days Payable

For the Furnishings, Fixtures & Appliances subindustry, Gratex 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.

Gratex Industries's Days Payable Distribution in the Furnishings, Fixtures & Appliances Industry

For the Furnishings, Fixtures & Appliances industry and Consumer Cyclical sector, Gratex Industries's Days Payable distribution charts can be found below:

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

Gratex 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.

Gratex Industries'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
=	( (2.581	+	3.607)	/	2 )	/	18.669	*	365
=	3.094					/	18.669	*	365
=	60.49

Gratex Industries'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
=	( (4.099	+	0)	/	1 )	/	4.333	*	365 / 4
=	4.099					/	4.333	*	365 / 4
=	86.32

Gratex Industries Days Payable Related Terms

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

Gratex Industries (BOM:526751) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Consumer Cyclical » Furnishings, Fixtures & Appliances » Gratex Industries Ltd (BOM:526751) » Definitions » Days Payable

Comparable Companies

Traded in Other Exchanges

N/A

Address

L. J. Road, 109, Kakad Udyog Bhavan, Mahim, Mumbai, MH, IND, 400016

Website

https://www.gratex.in

Gratex Industries Ltd engages in the business of trading, reselling and wholesale of wallpapers and related products. Geographically all business activities of the firm are carried out in India. It earns most of its revenue through the sale of wallpaper and allied products.

Gratex Industries (BOM:526751) Headlines

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