AKM Creations (BOM:540718) Days Payable : 0.18 (As of Sep. 2023)

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What is AKM Creations Days Payable?

AKM Creations's average Accounts Payable for the six months ended in Sep. 2023 was ₹0.1 Mil. AKM Creations's Cost of Goods Sold for the six months ended in Sep. 2023 was ₹70.1 Mil. Hence, AKM Creations's Days Payable for the six months ended in Sep. 2023 was 0.18.

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

BOM:540718' s Days Payable Range Over the Past 10 Years
Min: 0.12 Med: 194.15 Max: 365
Current: 0.12

During the past 11 years, AKM Creations's highest Days Payable was 365.00. The lowest was 0.12. And the median was 194.15.

BOM:540718's Days Payable is ranked worse than
99.9% of 1023 companies
in the Manufacturing - Apparel & Accessories industry
Industry Median: 56.86 vs BOM:540718: 0.12

AKM Creations's Days Payable increased from Sep. 2022 (0.00) to Sep. 2023 (0.18). It may suggest that AKM Creations delayed paying its suppliers.

AKM Creations Days Payable Historical Data

The historical data trend for AKM Creations'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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AKM Creations Days Payable Chart

AKM Creations Annual Data

Trend

Mar14

Mar15

Mar16

Mar17

Mar18

Mar19

Mar20

Mar21

Mar22

Mar23

Days Payable

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207.22

243.69

194.15

0.20

AKM Creations Semi-Annual Data
	Mar13	Mar14	Mar15	Mar16	Sep16	Mar17	Sep17	Mar18	Sep18	Mar19	Sep19	Mar20	Sep20	Mar21	Sep21	Mar22	Sep22	Mar23	Sep23
Days Payable	Get a 7-Day Free Trial														401.17	131.96	-	0.10	0.18

Competitive Comparison of AKM Creations's Days Payable

For the Textile Manufacturing subindustry, AKM Creations'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.

AKM Creations's Days Payable Distribution in the Manufacturing - Apparel & Accessories Industry

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

* The bar in red indicates where AKM Creations's Days Payable falls into.

AKM Creations 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.

AKM Creations'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
=	( (0	+	0.071)	/	1 )	/	130.264	*	365
=	0.071					/	130.264	*	365
=	0.20

AKM Creations's Days Payable for the quarter that ended in Sep. 2023 is calculated as:

	Days Payable (Q: Sep. 2023 )
=	Average Accounts Payable					/	Cost of Goods Sold	*	Days in Period
=	( (Accounts Payable (Q: Mar. 2023 )	+	Accounts Payable (Q: Sep. 2023 ))	/	count )	/	Cost of Goods Sold (Q: Sep. 2023 )	*	Days in Period
=	( (0.071	+	0.064)	/	2 )	/	70.08	*	365 / 2
=	0.0675					/	70.08	*	365 / 2
=	0.18

AKM Creations Days Payable Related Terms

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AKM Creations (BOM:540718) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Consumer Cyclical » Manufacturing - Apparel & Accessories » AKM Creations Ltd (BOM:540718) » Definitions » Days Payable

Traded in Other Exchanges

N/A

Address

Bhole Nath Nagar, C-110, Ground Floor, Shahdhara, East Delhi, New Delhi, IND, 110032

Website

http://www.akmlace.com

AKM Creations Ltd formerly, AKM Lace & Embrotex Ltd is a manufacturer and dealer in all types of embrotex goods, laces, fabrics, clothing, and wearing apparel for personal, commercial, and industrial use. It also supplies customized lace and embroidered work items. The company offers services such as Mirror lace, Needle cut work laces, Zari border, Stitching lace, Jhalar lace, and Crochet lace, among others.

AKM Creations (BOM:540718) Headlines

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