Katare Spinning Mills (BOM:502933) Days Payable : 6.83 (As of Dec. 2023)

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What is Katare Spinning Mills Days Payable?

Katare Spinning Mills's average Accounts Payable for the three months ended in Dec. 2023 was ₹1.07 Mil. Katare Spinning Mills's Cost of Goods Sold for the three months ended in Dec. 2023 was ₹14.25 Mil. Hence, Katare Spinning Mills's Days Payable for the three months ended in Dec. 2023 was 6.83.

The historical rank and industry rank for Katare Spinning Mills's Days Payable or its related term are showing as below:

BOM:502933' s Days Payable Range Over the Past 10 Years
Min: 8.61 Med: 29.48 Max: 67.33
Current: 8.61

During the past 13 years, Katare Spinning Mills's highest Days Payable was 67.33. The lowest was 8.61. And the median was 29.48.

BOM:502933's Days Payable is ranked worse than
95.31% of 1023 companies
in the Manufacturing - Apparel & Accessories industry
Industry Median: 56.86 vs BOM:502933: 8.61

Katare Spinning Mills's Days Payable declined from Dec. 2022 (12.68) to Dec. 2023 (6.83). It may suggest that Katare Spinning Mills accelerated paying its suppliers.

Katare Spinning Mills Days Payable Historical Data

The historical data trend for Katare Spinning Mills'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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Katare Spinning Mills Days Payable Chart

Katare Spinning Mills Annual Data

Trend

Mar14

Mar15

Mar16

Mar17

Mar18

Mar19

Mar20

Mar21

Mar22

Mar23

Days Payable

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35.90

20.42

31.15

67.33

8.68

Katare Spinning Mills 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															12.68	3.37	-	50.75	6.83

Competitive Comparison of Katare Spinning Mills's Days Payable

For the Textile Manufacturing subindustry, Katare Spinning Mills'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.

Katare Spinning Mills's Days Payable Distribution in the Manufacturing - Apparel & Accessories Industry

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

* The bar in red indicates where Katare Spinning Mills's Days Payable falls into.

Katare Spinning Mills 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.

Katare Spinning Mills'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
=	( (2.482	+	0.617)	/	2 )	/	65.145	*	365
=	1.5495					/	65.145	*	365
=	8.68

Katare Spinning Mills'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
=	( (1.488	+	0.644)	/	2 )	/	14.249	*	365 / 4
=	1.066					/	14.249	*	365 / 4
=	6.83

Katare Spinning Mills Days Payable Related Terms

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Katare Spinning Mills (BOM:502933) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Consumer Cyclical » Manufacturing - Apparel & Accessories » Katare Spinning Mills Ltd (BOM:502933) » Definitions » Days Payable

Traded in Other Exchanges

N/A

Address

Akkalkot road, 14/30 Ground Floor, B Wing, Katare Complex, Bl. No. 10, Ravivar Peth, Gandhinagar, Solapur, MH, IND, 413006

Website

https://www.katarespinningmills.com

Katare Spinning Mills Ltd is an India-based company. It is engaged in the business of manufacturing of cotton yarn, solar power generation, and hospitality. Katare Spinning Mills operates through various segments that are Spinning Division, Hotel Division, and Solar Power. The Spinning Mill segment generates maximum revenue for the company.

Katare Spinning Mills (BOM:502933) Headlines

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