Garware Synthetics (BOM:514400) Days Payable : 166.29 (As of Dec. 2023)

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What is Garware Synthetics Days Payable?

Garware Synthetics's average Accounts Payable for the three months ended in Dec. 2023 was ₹25.4 Mil. Garware Synthetics's Cost of Goods Sold for the three months ended in Dec. 2023 was ₹13.9 Mil. Hence, Garware Synthetics's Days Payable for the three months ended in Dec. 2023 was 166.29.

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

BOM:514400' s Days Payable Range Over the Past 10 Years
Min: 100 Med: 167.59 Max: 238.25
Current: 144.67

During the past 13 years, Garware Synthetics's highest Days Payable was 238.25. The lowest was 100.00. And the median was 167.59.

BOM:514400's Days Payable is ranked better than
86.69% of 1022 companies
in the Manufacturing - Apparel & Accessories industry
Industry Median: 57.25 vs BOM:514400: 144.67

Garware Synthetics's Days Payable increased from Dec. 2022 (136.08) to Dec. 2023 (166.29). It may suggest that Garware Synthetics delayed paying its suppliers.

Garware Synthetics Days Payable Historical Data

The historical data trend for Garware Synthetics'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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Garware Synthetics Days Payable Chart

Garware Synthetics Annual Data

Trend

Mar14

Mar15

Mar16

Mar17

Mar18

Mar19

Mar20

Mar21

Mar22

Mar23

Days Payable

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119.00

147.54

169.29

100.00

118.80

Garware Synthetics 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															136.08	116.50	122.54	184.53	166.29

Competitive Comparison of Garware Synthetics's Days Payable

For the Textile Manufacturing subindustry, Garware Synthetics'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.

Garware Synthetics's Days Payable Distribution in the Manufacturing - Apparel & Accessories Industry

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

* The bar in red indicates where Garware Synthetics's Days Payable falls into.

Garware Synthetics 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.

Garware Synthetics'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
=	( (22.693	+	20.741)	/	2 )	/	66.723	*	365
=	21.717					/	66.723	*	365
=	118.80

Garware Synthetics'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
=	( (25.398	+	0)	/	1 )	/	13.937	*	365 / 4
=	25.398					/	13.937	*	365 / 4
=	166.29

Garware Synthetics Days Payable Related Terms

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Garware Synthetics (BOM:514400) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Consumer Cyclical » Manufacturing - Apparel & Accessories » Garware Synthetics Ltd (BOM:514400) » Definitions » Days Payable

Traded in Other Exchanges

N/A

Address

C/o. Manish Textiles Industries Premises, Penkar Pada, Mira Road (East), Opposite Golden Chemical, Thane, IND, 401104

Website

https://www.garwaresyn.com

Garware Synthetics Ltd is a company engaged in the business of manufacturing Garflon Nylon Monofilaments, Rods, Bristles, Fishing line, Bushes and Machinery parts, and Polypropylene bristles. The company manufactures its products under the GARFLON brand name. The group's products are used for the products such as toothbrushes, shaving brushes, paintbrushes, and industrial and household brushes. The firm principally operates in India and generates key revenue from the sale of Garflon Nylon Bristles.

Garware Synthetics (BOM:514400) Headlines

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