Akshar Spintex (BOM:541303) Days Payable : 30.62 (As of Dec. 2023)

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What is Akshar Spintex Days Payable?

Akshar Spintex's average Accounts Payable for the three months ended in Dec. 2023 was ₹130 Mil. Akshar Spintex's Cost of Goods Sold for the three months ended in Dec. 2023 was ₹388 Mil. Hence, Akshar Spintex's Days Payable for the three months ended in Dec. 2023 was 30.62.

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

BOM:541303' s Days Payable Range Over the Past 10 Years
Min: 12.23 Med: 19.96 Max: 106.17
Current: 25.25

During the past 10 years, Akshar Spintex's highest Days Payable was 106.17. The lowest was 12.23. And the median was 19.96.

BOM:541303's Days Payable is ranked worse than
79.82% of 1021 companies
in the Manufacturing - Apparel & Accessories industry
Industry Median: 56.86 vs BOM:541303: 25.25

Akshar Spintex's Days Payable increased from Dec. 2022 (9.83) to Dec. 2023 (30.62). It may suggest that Akshar Spintex delayed paying its suppliers.

Akshar Spintex Days Payable Historical Data

The historical data trend for Akshar Spintex'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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Akshar Spintex Days Payable Chart

Akshar Spintex Annual Data

Trend

Mar14

Mar15

Mar16

Mar17

Mar18

Mar19

Mar20

Mar21

Mar22

Mar23

Days Payable

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19.04

19.96

23.81

25.68

39.91

Akshar Spintex Quarterly Data
	Mar17	Sep17	Mar18	Sep18	Mar19	Sep19	Mar20	Sep20	Mar21	Jun21	Sep21	Dec21	Mar22	Jun22	Sep22	Dec22	Mar23	Jun23	Sep23	Dec23
Days Payable	Get a 7-Day Free Trial															9.83	33.87	42.24	32.23	30.62

Competitive Comparison of Akshar Spintex's Days Payable

For the Textile Manufacturing subindustry, Akshar Spintex'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.

Akshar Spintex's Days Payable Distribution in the Manufacturing - Apparel & Accessories Industry

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

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

Akshar Spintex 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.

Akshar Spintex'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
=	( (135.779	+	147.907)	/	2 )	/	1297.337	*	365
=	141.843					/	1297.337	*	365
=	39.91

Akshar Spintex'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
=	( (130.339	+	0)	/	1 )	/	388.452	*	365 / 4
=	130.339					/	388.452	*	365 / 4
=	30.62

Akshar Spintex Days Payable Related Terms

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Akshar Spintex (BOM:541303) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Consumer Cyclical » Manufacturing - Apparel & Accessories » Akshar Spintex Ltd (BOM:541303) » Definitions » Days Payable

Traded in Other Exchanges

AKSHAR:India

Address

150 Feet Ring Road, C-704, The Imperial Heights, Opposite Big Bazaar, Rajkot, GJ, IND, 360005

Website

http://www.aksharspintex.in

Akshar Spintex Ltd is an India based company engaged in manufacturing textile products. The product portfolio of the company includes Natural Cotton, BCI Certified Cotton, Organic Certified Cotton, Viscose, Modal, Carded Cotton Yarn and Melange Yarn, among others.

Akshar Spintex (BOM:541303) Headlines

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