Karnika Industries (NSE:KARNIKA) Days Payable : 73.56 (As of Mar. 2023)

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What is Karnika Industries Days Payable?

Karnika Industries's average Accounts Payable for the six months ended in Mar. 2023 was ₹205 Mil. Karnika Industries's Cost of Goods Sold for the six months ended in Mar. 2023 was ₹1,019 Mil. Hence, Karnika Industries's Days Payable for the six months ended in Mar. 2023 was 36.78.

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

NSE:KARNIKA' s Days Payable Range Over the Past 10 Years
Min: 57.74 Med: 73.56 Max: 93.09
Current: 73.56

During the past 3 years, Karnika Industries's highest Days Payable was 93.09. The lowest was 57.74. And the median was 73.56.

NSE:KARNIKA's Days Payable is ranked better than
63.64% of 1023 companies
in the Manufacturing - Apparel & Accessories industry
Industry Median: 56.6 vs NSE:KARNIKA: 73.56

Karnika Industries's Days Payable declined from Mar. 2021 (93.09) to Mar. 2023 (73.56). It may suggest that Karnika Industries accelerated paying its suppliers.

Karnika Industries Days Payable Historical Data

The historical data trend for Karnika Industries'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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Karnika Industries Days Payable Chart

Karnika Industries Annual Data

Trend

Mar21

Mar22

Mar23

Days Payable

93.09

57.74

73.56

Karnika Industries Semi-Annual Data
	Mar21	Mar22	Mar23
Days Payable	93.09	57.74	73.56

Competitive Comparison of Karnika Industries's Days Payable

For the Apparel Manufacturing subindustry, Karnika Industries'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.

Karnika Industries's Days Payable Distribution in the Manufacturing - Apparel & Accessories Industry

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

* The bar in red indicates where Karnika Industries's Days Payable falls into.

Karnika Industries 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.

Karnika Industries'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
=	( (154.265	+	256.429)	/	2 )	/	1018.903	*	365
=	205.347					/	1018.903	*	365
=	73.56

Karnika Industries's Days Payable for the quarter that ended in Mar. 2023 is calculated as:

	Days Payable (Q: Mar. 2023 )
=	Average Accounts Payable					/	Cost of Goods Sold	*	Days in Period
=	( (Accounts Payable (Q: Mar. 2022 )	+	Accounts Payable (Q: Mar. 2023 ))	/	count )	/	Cost of Goods Sold (Q: Mar. 2023 )	*	Days in Period
=	( (154.265	+	256.429)	/	2 )	/	1018.903	*	365 / 2
=	205.347					/	1018.903	*	365 / 2
=	36.78

Karnika Industries Days Payable Related Terms

Thank you for viewing the detailed overview of Karnika Industries's Days Payable provided by GuruFocus.com. Please click on the following links to see related term pages.

Karnika Industries (NSE:KARNIKA) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Consumer Cyclical » Manufacturing - Apparel & Accessories » Karnika Industries Ltd (NSE:KARNIKA) » Definitions » Days Payable

Comparable Companies

Traded in Other Exchanges

N/A

Address

Gurgola Ghat Road P.O. Salkia Howrah, 6&6/1, Kolkata, WB, IND, 711106

Website

http://www.karnikaindustries.com

Karnika Industries Ltd is an ISO 14001:2015 certified manufacturer through job work, trader and exporter of garments. It manufactures all types of kids wear through job work, i.e., shorts, joggers, capri, tees, rompers, sleepsuits, pyjamas, winter wear, infant wear, etc. It has constructed well-established manufacturing units for designing, preparation of the sample, quality inspection, ironing and packing of Garments that are equipped with all the necessary hi-tech machines and tools that are required for a modern manufacturing unit.

Karnika Industries (NSE:KARNIKA) Headlines

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