Technopack Polymers (BOM:543656) Days Payable : 3.16 (As of Sep. 2023)

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What is Technopack Polymers Days Payable?

Technopack Polymers's average Accounts Payable for the six months ended in Sep. 2023 was ₹0.8 Mil. Technopack Polymers's Cost of Goods Sold for the six months ended in Sep. 2023 was ₹48.4 Mil. Hence, Technopack Polymers's Days Payable for the six months ended in Sep. 2023 was 3.16.

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

BOM:543656' s Days Payable Range Over the Past 10 Years
Min: 0.29 Med: 29.68 Max: 56.74
Current: 4.15

During the past 4 years, Technopack Polymers's highest Days Payable was 56.74. The lowest was 0.29. And the median was 29.68.

BOM:543656's Days Payable is ranked worse than
98.91% of 367 companies
in the Packaging & Containers industry
Industry Median: 59.64 vs BOM:543656: 4.15

Technopack Polymers's Days Payable declined from Sep. 2022 (69.38) to Sep. 2023 (3.16). It may suggest that Technopack Polymers accelerated paying its suppliers.

Technopack Polymers Days Payable Historical Data

The historical data trend for Technopack Polymers'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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Technopack Polymers Days Payable Chart

Technopack Polymers Annual Data

Trend

Mar20

Mar21

Mar22

Mar23

Days Payable

0.29

14.55

56.74

44.80

Technopack Polymers Semi-Annual Data
	Mar20	Mar21	Mar22	Sep22	Mar23	Sep23
Days Payable	Get a 7-Day Free Trial			-	-	69.38	10.01	3.16

Competitive Comparison of Technopack Polymers's Days Payable

For the Packaging & Containers subindustry, Technopack Polymers'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.

Technopack Polymers's Days Payable Distribution in the Packaging & Containers Industry

For the Packaging & Containers industry and Consumer Cyclical sector, Technopack Polymers's Days Payable distribution charts can be found below:

* The bar in red indicates where Technopack Polymers's Days Payable falls into.

Technopack Polymers 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.

Technopack Polymers'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
=	( (13.653	+	1.392)	/	2 )	/	61.293	*	365
=	7.5225					/	61.293	*	365
=	44.80

Technopack Polymers's Days Payable for the quarter that ended in Sep. 2023 is calculated as:

	Days Payable (Q: Sep. 2023 )
=	Average Accounts Payable					/	Cost of Goods Sold	*	Days in Period
=	( (Accounts Payable (Q: Mar. 2023 )	+	Accounts Payable (Q: Sep. 2023 ))	/	count )	/	Cost of Goods Sold (Q: Sep. 2023 )	*	Days in Period
=	( (1.392	+	0.285)	/	2 )	/	48.414	*	365 / 2
=	0.8385					/	48.414	*	365 / 2
=	3.16

Technopack Polymers Days Payable Related Terms

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Technopack Polymers (BOM:543656) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Consumer Cyclical » Packaging & Containers » Technopack Polymers Ltd (BOM:543656) » Definitions » Days Payable

Comparable Companies

Traded in Other Exchanges

N/A

Address

Rafaleshvar Industrial Estate, Near Rafaleshvar Railway Track, Morbi, Jambudiya District, Rajkot, GJ, IND, 363642

Website

https://www.technopackltd.com

Technopack Polymers Ltd is a manufacturer and supplier of flexible plastic and paper products for FMCG packaging. The Company's main business activity is manufacturing CCM Caps and closures and Pet Preforms.

Technopack Polymers (BOM:543656) Headlines

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