Nutech Global (BOM:531304) Days Payable : 93.01 (As of Dec. 2023)

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What is Nutech Global Days Payable?

Nutech Global's average Accounts Payable for the three months ended in Dec. 2023 was ₹57.1 Mil. Nutech Global's Cost of Goods Sold for the three months ended in Dec. 2023 was ₹56.0 Mil. Hence, Nutech Global's Days Payable for the three months ended in Dec. 2023 was 93.01.

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

BOM:531304' s Days Payable Range Over the Past 10 Years
Min: 17.01 Med: 44.39 Max: 78.18
Current: 63.16

During the past 13 years, Nutech Global's highest Days Payable was 78.18. The lowest was 17.01. And the median was 44.39.

BOM:531304's Days Payable is ranked better than
55.38% of 1022 companies
in the Manufacturing - Apparel & Accessories industry
Industry Median: 57.25 vs BOM:531304: 63.16

Nutech Global's Days Payable increased from Dec. 2022 (73.43) to Dec. 2023 (93.01). It may suggest that Nutech Global delayed paying its suppliers.

Nutech Global Days Payable Historical Data

The historical data trend for Nutech Global'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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Nutech Global Days Payable Chart

Nutech Global Annual Data

Trend

Mar14

Mar15

Mar16

Mar17

Mar18

Mar19

Mar20

Mar21

Mar22

Mar23

Days Payable

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78.18

72.95

49.99

36.32

43.21

Nutech Global 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															73.43	46.18	46.78	64.45	93.01

Competitive Comparison of Nutech Global's Days Payable

For the Textile Manufacturing subindustry, Nutech Global'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.

Nutech Global's Days Payable Distribution in the Manufacturing - Apparel & Accessories Industry

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

* The bar in red indicates where Nutech Global's Days Payable falls into.

Nutech Global 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.

Nutech Global'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
=	( (27.887	+	44.451)	/	2 )	/	305.494	*	365
=	36.169					/	305.494	*	365
=	43.21

Nutech Global'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
=	( (57.096	+	0)	/	1 )	/	56.018	*	365 / 4
=	57.096					/	56.018	*	365 / 4
=	93.01

Nutech Global Days Payable Related Terms

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Nutech Global (BOM:531304) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Consumer Cyclical » Manufacturing - Apparel & Accessories » Nutech Global Ltd (BOM:531304) » Definitions » Days Payable

Traded in Other Exchanges

N/A

Address

E-149, RIICO Industrial Area, Bhilwara, RJ, IND, 311001

Website

https://www.nutechglobal.com

Nutech Global Ltd is engaged in manufacturing and trading of synthetic fabrics. The group sells grey fabrics and other fabrics in India. Some of the products of the firm include Suiting, Shirting, Ready-Made Garments, Dress Material (Uniform) and Home Furnishing.

Nutech Global (BOM:531304) Headlines

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