Ecofinity Atomix (BOM:539455) Days Payable : 49.74 (As of Mar. 2024)

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What is Ecofinity Atomix Days Payable?

Ecofinity Atomix's average Accounts Payable for the three months ended in Mar. 2024 was ₹23.50 Mil. Ecofinity Atomix's Cost of Goods Sold for the three months ended in Mar. 2024 was ₹43.10 Mil. Hence, Ecofinity Atomix's Days Payable for the three months ended in Mar. 2024 was 49.74.

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

BOM:539455' s Days Payable Range Over the Past 10 Years
Min: 0.15 Med: 93.41 Max: 941.44
Current: 45.76

During the past 9 years, Ecofinity Atomix's highest Days Payable was 941.44. The lowest was 0.15. And the median was 93.41.

BOM:539455's Days Payable is ranked worse than
60.02% of 1013 companies
in the Manufacturing - Apparel & Accessories industry
Industry Median: 57.25 vs BOM:539455: 45.76

Ecofinity Atomix's Days Payable increased from Mar. 2023 (1.34) to Mar. 2024 (49.74). It may suggest that Ecofinity Atomix delayed paying its suppliers.

Ecofinity Atomix Days Payable Historical Data

The historical data trend for Ecofinity Atomix'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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Ecofinity Atomix Days Payable Chart

Ecofinity Atomix Annual Data

Trend

Mar16

Mar17

Mar18

Mar19

Mar20

Mar21

Mar22

Mar23

Mar24

Days Payable

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817.89

118.46

44.24

68.36

Ecofinity Atomix Quarterly Data
	Jun19	Sep19	Dec19	Mar20	Jun20	Sep20	Dec20	Mar21	Jun21	Sep21	Dec21	Mar22	Jun22	Sep22	Dec22	Mar23	Jun23	Sep23	Dec23	Mar24
Days Payable	Get a 7-Day Free Trial															1.34	-	2.88	0.54	49.74

Competitive Comparison of Ecofinity Atomix's Days Payable

For the Textile Manufacturing subindustry, Ecofinity Atomix'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.

Ecofinity Atomix's Days Payable Distribution in the Manufacturing - Apparel & Accessories Industry

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

* The bar in red indicates where Ecofinity Atomix's Days Payable falls into.

Ecofinity Atomix 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.

Ecofinity Atomix'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
=	( (0.013	+	23.496)	/	2 )	/	62.765	*	365
=	11.7545					/	62.765	*	365
=	68.36

Ecofinity Atomix'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	+	23.496)	/	1 )	/	43.104	*	365 / 4
=	23.496					/	43.104	*	365 / 4
=	49.74

Ecofinity Atomix Days Payable Related Terms

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Ecofinity Atomix (BOM:539455) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Consumer Cyclical » Manufacturing - Apparel & Accessories » Ecofinity Atomix Ltd (BOM:539455) » Definitions » Days Payable

Traded in Other Exchanges

N/A

Address

C. G. Road, Opposite Girish Cold Drinks, 308, Shital Varsha Arcade, Navrangpura, Ahmedabad, GJ, IND, 380 009

Website

https://www.aryavanltd.com

Ecofinity Atomix Ltd formerly, Aryavan Enterprise Ltd is an Indian firm engaged in a single operating segment which is trading of clothes.

Ecofinity Atomix (BOM:539455) Headlines

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