Arex Industries (BOM:526851) Days Payable : 76.27 (As of Mar. 2024)

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What is Arex Industries Days Payable?

Arex Industries's average Accounts Payable for the three months ended in Mar. 2024 was ₹39.3 Mil. Arex Industries's Cost of Goods Sold for the three months ended in Mar. 2024 was ₹47.0 Mil. Hence, Arex Industries's Days Payable for the three months ended in Mar. 2024 was 76.27.

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

BOM:526851' s Days Payable Range Over the Past 10 Years
Min: 5 Med: 56.69 Max: 109.11
Current: 109.11

During the past 13 years, Arex Industries's highest Days Payable was 109.11. The lowest was 5.00. And the median was 56.69.

BOM:526851's Days Payable is ranked better than
80.79% of 1015 companies
in the Manufacturing - Apparel & Accessories industry
Industry Median: 57.34 vs BOM:526851: 109.11

Arex Industries's Days Payable declined from Dec. 2022 (90.43) to Mar. 2024 (76.27). It may suggest that Arex Industries accelerated paying its suppliers.

Arex Industries Days Payable Historical Data

The historical data trend for Arex 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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Arex Industries Days Payable Chart

Arex Industries Annual Data

Trend

Mar15

Mar16

Mar17

Mar18

Mar19

Mar20

Mar21

Mar22

Mar23

Mar24

Days Payable

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70.36

90.47

66.83

92.58

84.72

Arex Industries Quarterly Data
	Mar19	Jun19	Sep19	Dec19	Mar20	Jun20	Sep20	Dec20	Mar21	Jun21	Sep21	Dec21	Mar22	Jun22	Sep22	Dec22	Mar23	Jun23	Dec23	Mar24
Days Payable	Get a 7-Day Free Trial															90.43	70.60	80.18	-	76.27

Competitive Comparison of Arex Industries's Days Payable

For the Textile Manufacturing subindustry, Arex 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.

Arex Industries's Days Payable Distribution in the Manufacturing - Apparel & Accessories Industry

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

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

Arex 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.

Arex 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
=	( (31.291	+	39.306)	/	2 )	/	152.074	*	365
=	35.2985					/	152.074	*	365
=	84.72

Arex 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	+	39.306)	/	1 )	/	47.025	*	365 / 4
=	39.306					/	47.025	*	365 / 4
=	76.27

Arex Industries Days Payable Related Terms

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Arex Industries (BOM:526851) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Consumer Cyclical » Manufacturing - Apparel & Accessories » Arex Industries Ltd (BOM:526851) » Definitions » Days Payable

Traded in Other Exchanges

N/A

Address

612, G.I.D.C Industrial Estate, Chhatral, Taluka Kalol, Gandhinagar, GJ, IND, 382729

Website

https://www.arex.co.in

Arex Industries Ltd is an India-based company, which is engaged in the manufacturing of textile materials. The firm engages in the manufacturing of woven and printed labels. Its product offerings include end fold, centerfold, miter fold, Manhattan fold, starched, laser cut, specially coated, self-adhesive, thermo adhesive, die cut, filled in, and comfort soft labels. The operating segment of the company is the Manufacturing and Sale of Labels.

Arex Industries (BOM:526851) Headlines

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