PBM Polytex (BOM:514087) Days Payable : 8.50 (As of Dec. 2023)

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What is PBM Polytex Days Payable?

PBM Polytex's average Accounts Payable for the three months ended in Dec. 2023 was ₹29 Mil. PBM Polytex's Cost of Goods Sold for the three months ended in Dec. 2023 was ₹314 Mil. Hence, PBM Polytex's Days Payable for the three months ended in Dec. 2023 was 8.50.

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

BOM:514087' s Days Payable Range Over the Past 10 Years
Min: 6.79 Med: 19.3 Max: 22.86
Current: 6.79

During the past 13 years, PBM Polytex's highest Days Payable was 22.86. The lowest was 6.79. And the median was 19.30.

BOM:514087's Days Payable is ranked worse than
96.77% of 1023 companies
in the Manufacturing - Apparel & Accessories industry
Industry Median: 56.86 vs BOM:514087: 6.79

PBM Polytex's Days Payable increased from Dec. 2022 (2.71) to Dec. 2023 (8.50). It may suggest that PBM Polytex delayed paying its suppliers.

PBM Polytex Days Payable Historical Data

The historical data trend for PBM Polytex'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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PBM Polytex Days Payable Chart

PBM Polytex Annual Data

Trend

Mar14

Mar15

Mar16

Mar17

Mar18

Mar19

Mar20

Mar21

Mar22

Mar23

Days Payable

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10.32

19.22

19.37

19.64

22.86

PBM Polytex 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															2.71	8.92	10.42	6.91	8.50

Competitive Comparison of PBM Polytex's Days Payable

For the Textile Manufacturing subindustry, PBM Polytex'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.

PBM Polytex's Days Payable Distribution in the Manufacturing - Apparel & Accessories Industry

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

* The bar in red indicates where PBM Polytex's Days Payable falls into.

PBM Polytex 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.

PBM Polytex'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
=	( (137.523	+	36.317)	/	2 )	/	1388.059	*	365
=	86.92					/	1388.059	*	365
=	22.86

PBM Polytex'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
=	( (29.31	+	0)	/	1 )	/	314.472	*	365 / 4
=	29.31					/	314.472	*	365 / 4
=	8.50

PBM Polytex Days Payable Related Terms

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PBM Polytex (BOM:514087) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Consumer Cyclical » Manufacturing - Apparel & Accessories » PBM Polytex Ltd (BOM:514087) » Definitions » Days Payable

Traded in Other Exchanges

N/A

Address

Productivity Road, Alkapuri, 8th Floor, Ramakrishna Chambers, Vadodara, GJ, IND, 390 007

Website

https://www.pbmpolytex.com

PBM Polytex Ltd is a yarn manufacturing company. The company is engaged in the manufacturing and processing of cotton yarn and having two cotton spinning units one at Petlad (Gujarat) and another at Borgaon (Madhya Pradesh). It has also four Windmills generating electricity. The company offers raw cotton, such as Shankar 6, and imported varieties, such as Egyptian-Giza, Californian Acala SJV, USA Pima, Israel Pima, Peruvian PIMA, Sudan VS, Australian, Central American SJV, West African and Turkish. Its yarns are used in applications, such as knitting, weaving, gassing, and mercerizing.

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