Nandan Denim (BOM:532641) Days Payable : 29.78 (As of Dec. 2023)

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What is Nandan Denim Days Payable?

Nandan Denim's average Accounts Payable for the three months ended in Dec. 2023 was ₹1,200 Mil. Nandan Denim's Cost of Goods Sold for the three months ended in Dec. 2023 was ₹3,675 Mil. Hence, Nandan Denim's Days Payable for the three months ended in Dec. 2023 was 29.78.

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

BOM:532641' s Days Payable Range Over the Past 10 Years
Min: 26.73 Med: 40.05 Max: 52.69
Current: 39.93

During the past 13 years, Nandan Denim's highest Days Payable was 52.69. The lowest was 26.73. And the median was 40.05.

BOM:532641's Days Payable is ranked worse than
65.17% of 1022 companies
in the Manufacturing - Apparel & Accessories industry
Industry Median: 57.25 vs BOM:532641: 39.93

Nandan Denim's Days Payable declined from Dec. 2022 (116.41) to Dec. 2023 (29.78). It may suggest that Nandan Denim accelerated paying its suppliers.

Nandan Denim Days Payable Historical Data

The historical data trend for Nandan Denim'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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Nandan Denim Days Payable Chart

Nandan Denim Annual Data

Trend

Mar14

Mar15

Mar16

Mar17

Mar18

Mar19

Mar20

Mar21

Mar22

Mar23

Days Payable

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42.87

35.76

52.69

37.23

44.52

Nandan Denim 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															116.41	30.92	35.79	33.92	29.78

Competitive Comparison of Nandan Denim's Days Payable

For the Textile Manufacturing subindustry, Nandan Denim'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.

Nandan Denim's Days Payable Distribution in the Manufacturing - Apparel & Accessories Industry

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

* The bar in red indicates where Nandan Denim's Days Payable falls into.

Nandan Denim 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.

Nandan Denim'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
=	( (2621.535	+	1832.182)	/	2 )	/	18256.727	*	365
=	2226.8585					/	18256.727	*	365
=	44.52

Nandan Denim'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
=	( (1199.527	+	0)	/	1 )	/	3674.966	*	365 / 4
=	1199.527					/	3674.966	*	365 / 4
=	29.78

Nandan Denim Days Payable Related Terms

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Nandan Denim (BOM:532641) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Consumer Cyclical » Manufacturing - Apparel & Accessories » Nandan Denim Ltd (BOM:532641) » Definitions » Days Payable

Traded in Other Exchanges

NDL:India

Address

Near Shivranjani Cross Roads, Chiripal House, Satellite, Ahmedabad, GJ, IND, 380015

Website

https://www.nandandenim.com

Nandan Denim Ltd is engaged in the manufacturing and sale of fabrics. Its product portfolio includes Regular Basic denim, Knit denim, Smart Casuals, Textured, Organic Cotton yarn, Blended yarn, and others. The majority of its revenue is generated from the Indian market and it also exports its products to other countries.

Nandan Denim (BOM:532641) Headlines

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