ACL Cables (COL:ACL.N0000) Days Payable : 18.69 (As of Dec. 2023)

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What is ACL Cables Days Payable?

ACL Cables's average Accounts Payable for the three months ended in Dec. 2023 was රු1,270 Mil. ACL Cables's Cost of Goods Sold for the three months ended in Dec. 2023 was රු6,198 Mil. Hence, ACL Cables's Days Payable for the three months ended in Dec. 2023 was 18.69.

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

COL:ACL.N0000' s Days Payable Range Over the Past 10 Years
Min: 22.65 Med: 53.33 Max: 88.31
Current: 22.65

During the past 13 years, ACL Cables's highest Days Payable was 88.31. The lowest was 22.65. And the median was 53.33.

COL:ACL.N0000's Days Payable is ranked worse than
93.36% of 2936 companies
in the Industrial Products industry
Industry Median: 76.765 vs COL:ACL.N0000: 22.65

ACL Cables's Days Payable declined from Dec. 2022 (54.54) to Dec. 2023 (18.69). It may suggest that ACL Cables accelerated paying its suppliers.

ACL Cables Days Payable Historical Data

The historical data trend for ACL Cables'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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ACL Cables Days Payable Chart

ACL Cables Annual Data

Trend

Mar14

Mar15

Mar16

Mar17

Mar18

Mar19

Mar20

Mar21

Mar22

Mar23

Days Payable

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34.21

30.43

75.24

65.24

42.08

ACL Cables 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															54.54	32.29	7.44	14.81	18.69

Competitive Comparison of ACL Cables's Days Payable

For the Electrical Equipment & Parts subindustry, ACL Cables'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.

ACL Cables's Days Payable Distribution in the Industrial Products Industry

For the Industrial Products industry and Industrials sector, ACL Cables's Days Payable distribution charts can be found below:

* The bar in red indicates where ACL Cables's Days Payable falls into.

ACL Cables 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.

ACL Cables'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
=	( (4086.94	+	330.289)	/	2 )	/	19158.542	*	365
=	2208.6145					/	19158.542	*	365
=	42.08

ACL Cables'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
=	( (1173.36	+	1365.888)	/	2 )	/	6197.714	*	365 / 4
=	1269.624					/	6197.714	*	365 / 4
=	18.69

ACL Cables Days Payable Related Terms

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ACL Cables (COL:ACL.N0000) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Industrials » Industrial Products » ACL Cables PLC (COL:ACL.N0000) » Definitions » Days Payable

Traded in Other Exchanges

N/A

Address

No. 60, Rodney Street, Colombo, LKA, 08

Website

https://www.acl.lk

ACL Cables PLC is engaged in the manufacturing of cables and conductors. The company's operating segment includes Manufacturing cables; Manufacturing Polyvinyl chloride (PVC) compound and Others. It generates maximum revenue from the Manufacturing cables segment. Geographically, it derives a majority of revenue from Sri Lanka. Some of the products include building wires, control cables, service wires, telecommunication cables, auto cables, flexible cables, switches, sockets, fans, low voltage switch series, and others.

ACL Cables (COL:ACL.N0000) Headlines

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