AB Cotspin India (NSE:ABCOTS) Days Payable : 4.69 (As of Sep. 2023)

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What is AB Cotspin India Days Payable?

AB Cotspin India's average Accounts Payable for the six months ended in Sep. 2023 was ₹22 Mil. AB Cotspin India's Cost of Goods Sold for the six months ended in Sep. 2023 was ₹840 Mil. Hence, AB Cotspin India's Days Payable for the six months ended in Sep. 2023 was 4.69.

The historical rank and industry rank for AB Cotspin India's Days Payable or its related term are showing as below:

NSE:ABCOTS' s Days Payable Range Over the Past 10 Years
Min: 2.91 Med: 4.58 Max: 8.96
Current: 3.85

During the past 5 years, AB Cotspin India's highest Days Payable was 8.96. The lowest was 2.91. And the median was 4.58.

NSE:ABCOTS's Days Payable is ranked worse than
97.94% of 1021 companies
in the Manufacturing - Apparel & Accessories industry
Industry Median: 56.25 vs NSE:ABCOTS: 3.85

AB Cotspin India's Days Payable declined from Sep. 2022 (5.40) to Sep. 2023 (4.69). It may suggest that AB Cotspin India accelerated paying its suppliers.

AB Cotspin India Days Payable Historical Data

The historical data trend for AB Cotspin India'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.

* Premium members only.

AB Cotspin India Days Payable Chart

AB Cotspin India Annual Data

Trend

Mar19

Mar20

Mar21

Mar22

Mar23

Days Payable

2.91

8.96

7.09

4.58

4.57

AB Cotspin India Semi-Annual Data
	Mar19	Mar20	Mar21	Sep21	Mar22	Sep22	Mar23	Sep23
Days Payable	Get a 7-Day Free Trial			1.31	13.89	5.40	2.65	4.69

Competitive Comparison of AB Cotspin India's Days Payable

For the Textile Manufacturing subindustry, AB Cotspin India'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.

AB Cotspin India's Days Payable Distribution in the Manufacturing - Apparel & Accessories Industry

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

* The bar in red indicates where AB Cotspin India's Days Payable falls into.

AB Cotspin India 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.

AB Cotspin India'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
=	( (23.147	+	14.263)	/	2 )	/	1492.335	*	365
=	18.705					/	1492.335	*	365
=	4.57

AB Cotspin India'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
=	( (14.263	+	28.925)	/	2 )	/	840.162	*	365 / 2
=	21.594					/	840.162	*	365 / 2
=	4.69

AB Cotspin India Days Payable Related Terms

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AB Cotspin India (NSE:ABCOTS) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Consumer Cyclical » Manufacturing - Apparel & Accessories » AB Cotspin India Ltd (NSE:ABCOTS) » Definitions » Days Payable

Traded in Other Exchanges

N/A

Address

Goniana Road, NH-54, Near lake-3, Bathinda, PB, IND, 151001

Website

https://www.abcotspin.com

AB Cotspin India Ltd has one segment of activity namely Cotton Ginning. Revenue is generated from the sale of products. The company is engaged in manufacturing cotton yarns & fabrics both combed and karded, knitted fabric, cottonseed oil and oilcake catering to the requirements of niche customers who in turn are engaged in making garments for their international buyers.

AB Cotspin India (NSE:ABCOTS) Headlines

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