Blue Chip Tex Industries (BOM:506981) Days Payable : 11.30 (As of Dec. 2023)

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What is Blue Chip Tex Industries Days Payable?

Blue Chip Tex Industries's average Accounts Payable for the three months ended in Dec. 2023 was ₹69 Mil. Blue Chip Tex Industries's Cost of Goods Sold for the three months ended in Dec. 2023 was ₹559 Mil. Hence, Blue Chip Tex Industries's Days Payable for the three months ended in Dec. 2023 was 11.30.

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

BOM:506981' s Days Payable Range Over the Past 10 Years
Min: 8.95 Med: 21.79 Max: 37
Current: 10.6

During the past 13 years, Blue Chip Tex Industries's highest Days Payable was 37.00. The lowest was 8.95. And the median was 21.79.

BOM:506981's Days Payable is ranked worse than
94.23% of 1023 companies
in the Manufacturing - Apparel & Accessories industry
Industry Median: 56.86 vs BOM:506981: 10.60

Blue Chip Tex Industries's Days Payable declined from Dec. 2022 (15.42) to Dec. 2023 (11.30). It may suggest that Blue Chip Tex Industries accelerated paying its suppliers.

Blue Chip Tex Industries Days Payable Historical Data

The historical data trend for Blue Chip Tex 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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Blue Chip Tex Industries Days Payable Chart

Blue Chip Tex Industries Annual Data

Trend

Mar14

Mar15

Mar16

Mar17

Mar18

Mar19

Mar20

Mar21

Mar22

Mar23

Days Payable

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20.14

15.85

23.43

14.71

8.95

Blue Chip Tex 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															15.42	6.27	9.96	11.58	11.30

Competitive Comparison of Blue Chip Tex Industries's Days Payable

For the Textile Manufacturing subindustry, Blue Chip Tex 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.

Blue Chip Tex Industries's Days Payable Distribution in the Manufacturing - Apparel & Accessories Industry

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

* The bar in red indicates where Blue Chip Tex Industries's Days Payable falls into.

Blue Chip Tex 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.

Blue Chip Tex 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
=	( (62.73	+	54.84)	/	2 )	/	2397.845	*	365
=	58.785					/	2397.845	*	365
=	8.95

Blue Chip Tex 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
=	( (69.242	+	0)	/	1 )	/	559.389	*	365 / 4
=	69.242					/	559.389	*	365 / 4
=	11.30

Blue Chip Tex Industries Days Payable Related Terms

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Blue Chip Tex Industries (BOM:506981) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Consumer Cyclical » Manufacturing - Apparel & Accessories » Blue Chip Tex Industries Ltd (BOM:506981) » Definitions » Days Payable

Traded in Other Exchanges

N/A

Address

Jamnalal Bajaj Road, Office no. 15,16 and 17, Maker Chambers-III, 1st Floor, Nariman Point, Mumbai, MH, IND, 400021

Website

https://www.bluechiptexindustrieslimited.com

Blue Chip Tex Industries Ltd is an India based company engaged in the business of Polyester Texturised. It is a manufacturer of synthetic or artificial filament yarn, tenacity yarn including high tenacity yarn. The company's main business segment is manufacturing of polyester texturised yarn and sale in the domestic market.

Blue Chip Tex Industries (BOM:506981) Headlines

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