Anand Rayons (BOM:542721) Days Payable : 7.11 (As of Mar. 2024)

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What is Anand Rayons Days Payable?

Anand Rayons's average Accounts Payable for the three months ended in Mar. 2024 was ₹70 Mil. Anand Rayons's Cost of Goods Sold for the three months ended in Mar. 2024 was ₹902 Mil. Hence, Anand Rayons's Days Payable for the three months ended in Mar. 2024 was 7.11.

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

BOM:542721' s Days Payable Range Over the Past 10 Years
Min: 7.18 Med: 11.48 Max: 23.56
Current: 7.18

During the past 9 years, Anand Rayons's highest Days Payable was 23.56. The lowest was 7.18. And the median was 11.48.

BOM:542721's Days Payable is ranked worse than
96.46% of 1016 companies
in the Manufacturing - Apparel & Accessories industry
Industry Median: 57.25 vs BOM:542721: 7.18

Anand Rayons's Days Payable declined from Mar. 2023 (7.56) to Mar. 2024 (7.11). It may suggest that Anand Rayons accelerated paying its suppliers.

Anand Rayons Days Payable Historical Data

The historical data trend for Anand Rayons'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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Anand Rayons Days Payable Chart

Anand Rayons Annual Data

Trend

Mar16

Mar17

Mar18

Mar19

Mar20

Mar21

Mar22

Mar23

Mar24

Days Payable

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10.66

8.39

11.48

12.51

7.60

Anand Rayons Quarterly Data
	Mar16	Mar17	Mar18	Jan19	Sep19	Mar20	Sep20	Mar21	Jun21	Sep21	Dec21	Mar22	Jun22	Sep22	Dec22	Mar23	Jun23	Sep23	Dec23	Mar24
Days Payable	Get a 7-Day Free Trial															7.56	8.58	6.42	6.00	7.11

Competitive Comparison of Anand Rayons's Days Payable

For the Textile Manufacturing subindustry, Anand Rayons'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.

Anand Rayons's Days Payable Distribution in the Manufacturing - Apparel & Accessories Industry

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

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

Anand Rayons 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.

Anand Rayons'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
=	( (67.548	+	70.253)	/	2 )	/	3308.637	*	365
=	68.9005					/	3308.637	*	365
=	7.60

Anand Rayons'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	+	70.253)	/	1 )	/	901.808	*	365 / 4
=	70.253					/	901.808	*	365 / 4
=	7.11

Anand Rayons Days Payable Related Terms

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Anand Rayons (BOM:542721) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Consumer Cyclical » Manufacturing - Apparel & Accessories » Anand Rayons Ltd (BOM:542721) » Definitions » Days Payable

Traded in Other Exchanges

N/A

Address

Ring Road, 305-306, Jay Sagar Complex, Opposite Sub Jail, Khatodara, Surat, GJ, IND, 395002

Website

https://www.anandrayons.com

Anand Rayons Ltd is engaged in the trading of different types of yarns and thread. It offers products in the categories of Polyester Yarn, Nylon Yarn, Embroidery yarn, and Jari. The company earns revenue from sale of traded goods and commission.

Anand Rayons (BOM:542721) Headlines

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