Indo Cotspin (BOM:538838) Days Payable : 54.31 (As of Mar. 2024)

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What is Indo Cotspin Days Payable?

Indo Cotspin's average Accounts Payable for the three months ended in Mar. 2024 was ₹8.58 Mil. Indo Cotspin's Cost of Goods Sold for the three months ended in Mar. 2024 was ₹14.42 Mil. Hence, Indo Cotspin's Days Payable for the three months ended in Mar. 2024 was 54.31.

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

BOM:538838' s Days Payable Range Over the Past 10 Years
Min: 57.42 Med: 95.62 Max: 207.8
Current: 92.97

During the past 11 years, Indo Cotspin's highest Days Payable was 207.80. The lowest was 57.42. And the median was 95.62.

BOM:538838's Days Payable is ranked better than
74.27% of 1022 companies
in the Manufacturing - Apparel & Accessories industry
Industry Median: 57.25 vs BOM:538838: 92.97

Indo Cotspin's Days Payable declined from Dec. 2022 (74.99) to Mar. 2024 (54.31). It may suggest that Indo Cotspin accelerated paying its suppliers.

Indo Cotspin Days Payable Historical Data

The historical data trend for Indo Cotspin'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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Indo Cotspin Days Payable Chart

Indo Cotspin Annual Data

Trend

Mar15

Mar16

Mar17

Mar18

Mar19

Mar20

Mar21

Mar22

Mar23

Mar24

Days Payable

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207.80

205.60

86.58

71.54

57.42

Indo Cotspin Quarterly Data
	Mar19	Jun19	Sep19	Dec19	Mar20	Jun20	Sep20	Dec20	Mar21	Jun21	Sep21	Dec21	Mar22	Jun22	Sep22	Dec22	Mar23	Sep23	Dec23	Mar24
Days Payable	Get a 7-Day Free Trial															74.99	27.95	165.69	49.89	54.31

Competitive Comparison of Indo Cotspin's Days Payable

For the Textile Manufacturing subindustry, Indo Cotspin'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.

Indo Cotspin's Days Payable Distribution in the Manufacturing - Apparel & Accessories Industry

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

* The bar in red indicates where Indo Cotspin's Days Payable falls into.

Indo Cotspin 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.

Indo Cotspin's Days Payable for the fiscal year that ended in Mar. 2024 is calculated as

	Days Payable (A: Mar. 2024 )
=	Average Accounts Payable					/	Cost of Goods Sold	*	Days in Period
=	( (Accounts Payable (A: Mar. 2023 )	+	Accounts Payable (A: Mar. 2024 ))	/	count )	/	Cost of Goods Sold (A: Mar. 2024 )	*	Days in Period
=	( (24.499	+	8.581)	/	2 )	/	105.148	*	365
=	16.54					/	105.148	*	365
=	57.42

Indo Cotspin's Days Payable for the quarter that ended in Mar. 2024 is calculated as:

	Days Payable (Q: Mar. 2024 )
=	Average Accounts Payable					/	Cost of Goods Sold	*	Days in Period
=	( (Accounts Payable (Q: Dec. 2023 )	+	Accounts Payable (Q: Mar. 2024 ))	/	count )	/	Cost of Goods Sold (Q: Mar. 2024 )	*	Days in Period
=	( (0	+	8.581)	/	1 )	/	14.418	*	365 / 4
=	8.581					/	14.418	*	365 / 4
=	54.31

Indo Cotspin Days Payable Related Terms

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Indo Cotspin (BOM:538838) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Consumer Cyclical » Manufacturing - Apparel & Accessories » Indo Cotspin Ltd (BOM:538838) » Definitions » Days Payable

Traded in Other Exchanges

N/A

Address

Delhi Milestone 78 km, G.T. Road NH-44, Village Jhattipur, Post Box Number 3, Post Office Samalkha, Panipat, HR, IND, 132103

Website

https://www.indocotspin.com

Indo Cotspin Ltd is an exporter, manufacturer, importer, trader, and supplier company. It is engaged in the manufacturing of various textile products. Its product line consists of non-woven, geotextile, hand-tufted, and door mats. The primary business of the company is manufacturing of non-woven fabric products. The company operates in one business segment which is Textile Products.

Indo Cotspin (BOM:538838) Headlines

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