Riba Textiles (BOM:531952) Days Payable : 25.96 (As of Dec. 2023)

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What is Riba Textiles Days Payable?

Riba Textiles's average Accounts Payable for the three months ended in Dec. 2023 was ₹115 Mil. Riba Textiles's Cost of Goods Sold for the three months ended in Dec. 2023 was ₹405 Mil. Hence, Riba Textiles's Days Payable for the three months ended in Dec. 2023 was 25.96.

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

BOM:531952' s Days Payable Range Over the Past 10 Years
Min: 12.58 Med: 28.52 Max: 62.79
Current: 24.81

During the past 13 years, Riba Textiles's highest Days Payable was 62.79. The lowest was 12.58. And the median was 28.52.

BOM:531952's Days Payable is ranked worse than
80.63% of 1022 companies
in the Manufacturing - Apparel & Accessories industry
Industry Median: 57.25 vs BOM:531952: 24.81

Riba Textiles's Days Payable increased from Dec. 2022 (21.38) to Dec. 2023 (25.96). It may suggest that Riba Textiles delayed paying its suppliers.

Riba Textiles Days Payable Historical Data

The historical data trend for Riba Textiles'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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Riba Textiles Days Payable Chart

Riba Textiles Annual Data

Trend

Mar14

Mar15

Mar16

Mar17

Mar18

Mar19

Mar20

Mar21

Mar22

Mar23

Days Payable

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31.50

23.60

30.09

26.95

24.72

Riba Textiles 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															21.38	19.53	42.34	23.37	25.96

Competitive Comparison of Riba Textiles's Days Payable

For the Textile Manufacturing subindustry, Riba Textiles'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.

Riba Textiles's Days Payable Distribution in the Manufacturing - Apparel & Accessories Industry

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

* The bar in red indicates where Riba Textiles's Days Payable falls into.

Riba Textiles 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.

Riba Textiles'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
=	( (123.729	+	123.602)	/	2 )	/	1826.147	*	365
=	123.6655					/	1826.147	*	365
=	24.72

Riba Textiles'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
=	( (115.193	+	0)	/	1 )	/	404.889	*	365 / 4
=	115.193					/	404.889	*	365 / 4
=	25.96

Riba Textiles Days Payable Related Terms

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Riba Textiles (BOM:531952) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Consumer Cyclical » Manufacturing - Apparel & Accessories » Riba Textiles Ltd (BOM:531952) » Definitions » Days Payable

Traded in Other Exchanges

N/A

Address

Assandh Road, Kishore House, Panipat, HR, IND, 132103

Website

https://www.ribatextiles.com

Riba Textiles Ltd is engaged in manufacturing and export of terry towels. It produces bath towels, beach towels, and tufted bath mats. The company's product portfolio includes SPA towels, Yarn dyed towels, Plain dyed towels, Printed border towels, Embroidered towels, Bathrobes, Double jacquard towels, Weft insert rapier towels, Sublistatic printed towels, Yarn dyed and piece dyed tufted bath mats, and beach accessories.

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