GTN Industries (BOM:500170) Days Payable : 15.06 (As of Dec. 2023)

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What is GTN Industries Days Payable?

GTN Industries's average Accounts Payable for the three months ended in Dec. 2023 was ₹58 Mil. GTN Industries's Cost of Goods Sold for the three months ended in Dec. 2023 was ₹348 Mil. Hence, GTN Industries's Days Payable for the three months ended in Dec. 2023 was 15.06.

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

BOM:500170' s Days Payable Range Over the Past 10 Years
Min: 21.67 Med: 44.96 Max: 62.42
Current: 21.67

During the past 13 years, GTN Industries's highest Days Payable was 62.42. The lowest was 21.67. And the median was 44.96.

BOM:500170's Days Payable is ranked worse than
84.36% of 1023 companies
in the Manufacturing - Apparel & Accessories industry
Industry Median: 56.86 vs BOM:500170: 21.67

GTN Industries's Days Payable declined from Dec. 2022 (24.98) to Dec. 2023 (15.06). It may suggest that GTN Industries accelerated paying its suppliers.

GTN Industries Days Payable Historical Data

The historical data trend for GTN 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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GTN Industries Days Payable Chart

GTN Industries Annual Data

Trend

Mar14

Mar15

Mar16

Mar17

Mar18

Mar19

Mar20

Mar21

Mar22

Mar23

Days Payable

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55.89

60.61

62.42

45.45

43.25

GTN Industries Quarterly Data
	Mar19	Jun19	Sep19	Dec19	Mar20	Jun20	Sep20	Dec20	Mar21	Jun21	Sep21	Dec21	Mar22	Jun22	Sep22	Dec22	Mar23	Jun23	Sep23	Dec23
Days Payable	Get a 7-Day Free Trial															24.98	25.74	27.50	15.47	15.06

Competitive Comparison of GTN Industries's Days Payable

For the Textile Manufacturing subindustry, GTN 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.

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

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

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

GTN 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.

GTN 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
=	( (438.45	+	115.051)	/	2 )	/	2335.405	*	365
=	276.7505					/	2335.405	*	365
=	43.25

GTN Industries'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
=	( (57.5	+	0)	/	1 )	/	348.4	*	365 / 4
=	57.5					/	348.4	*	365 / 4
=	15.06

GTN Industries Days Payable Related Terms

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GTN Industries (BOM:500170) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Consumer Cyclical » Manufacturing - Apparel & Accessories » GTN Industries Ltd (BOM:500170) » Definitions » Days Payable

Traded in Other Exchanges

N/A

Address

Plot No.29, Nagarjuna Hills, Punjagutta, Hyderabad, TG, IND, 500082

Website

http://www.gtnindustries.com

GTN Industries Ltd is engaged in the business of manufacturing and export of cotton yarn. Principally, it is also involved in the spinning and doubling of yarn. The textile division offers a range of grey yarns, knitted fabrics, knitted socks, and knitted lifestyle garments. The company's production facilities are located in the state of Telangana and Maharashtra, India.

GTN Industries (BOM:500170) Headlines

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