KG Petrochem (BOM:531609) Days Payable : 69.00 (As of Mar. 2024)

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What is KG Petrochem Days Payable?

KG Petrochem's average Accounts Payable for the three months ended in Mar. 2024 was ₹461 Mil. KG Petrochem's Cost of Goods Sold for the three months ended in Mar. 2024 was ₹609 Mil. Hence, KG Petrochem's Days Payable for the three months ended in Mar. 2024 was 69.00.

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

BOM:531609' s Days Payable Range Over the Past 10 Years
Min: 17.48 Med: 47.16 Max: 97.56
Current: 90.06

During the past 13 years, KG Petrochem's highest Days Payable was 97.56. The lowest was 17.48. And the median was 47.16.

BOM:531609's Days Payable is ranked better than
72.54% of 1016 companies
in the Manufacturing - Apparel & Accessories industry
Industry Median: 57.25 vs BOM:531609: 90.06

KG Petrochem's Days Payable declined from Mar. 2023 (94.25) to Mar. 2024 (69.00). It may suggest that KG Petrochem accelerated paying its suppliers.

KG Petrochem Days Payable Historical Data

The historical data trend for KG Petrochem'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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KG Petrochem Days Payable Chart

KG Petrochem Annual Data

Trend

Mar15

Mar16

Mar17

Mar18

Mar19

Mar20

Mar21

Mar22

Mar23

Mar24

Days Payable

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49.97

47.03

47.29

97.56

86.14

KG Petrochem 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															94.25	83.87	100.05	133.98	69.00

Competitive Comparison of KG Petrochem's Days Payable

For the Textile Manufacturing subindustry, KG Petrochem'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.

KG Petrochem's Days Payable Distribution in the Manufacturing - Apparel & Accessories Industry

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

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

KG Petrochem 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.

KG Petrochem'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
=	( (466.217	+	384.515)	/	2 )	/	1802.438	*	365
=	425.366					/	1802.438	*	365
=	86.14

KG Petrochem'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
=	( (536.786	+	384.515)	/	2 )	/	609.168	*	365 / 4
=	460.6505					/	609.168	*	365 / 4
=	69.00

KG Petrochem Days Payable Related Terms

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KG Petrochem (BOM:531609) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Consumer Cyclical » Manufacturing - Apparel & Accessories » KG Petrochem Ltd (BOM:531609) » Definitions » Days Payable

Traded in Other Exchanges

N/A

Address

Road No. 9F2, V K.I. Area, F-394 (G), Jaipur, RJ, IND, 302013

Website

https://www.kgpetro.in

KG Petrochem Ltd manufactures and markets textile fabrics in India. The company is engaged in the business of manufacturing of Textiles, Garments, and distribution of Polymers with manufacturing facilities located in Rajasthan. The company's segments include Textile, Technical Textile Division, and Agency Division. It derives key revenue from the Textile division which involves manufacturing and marketing of terry towels, made-ups, readymade garments like bathrobes, babyhood towels, and pillows. The group derives revenue primarily from India.

KG Petrochem (BOM:531609) Headlines

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