Lakshmi Machine Works (BOM:500252) Days Payable : 79.37 (As of Mar. 2024)

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What is Lakshmi Machine Works Days Payable?

Lakshmi Machine Works's average Accounts Payable for the three months ended in Mar. 2024 was ₹5,303 Mil. Lakshmi Machine Works's Cost of Goods Sold for the three months ended in Mar. 2024 was ₹6,097 Mil. Hence, Lakshmi Machine Works's Days Payable for the three months ended in Mar. 2024 was 79.37.

The historical rank and industry rank for Lakshmi Machine Works's Days Payable or its related term are showing as below:

BOM:500252' s Days Payable Range Over the Past 10 Years
Min: 63.18 Med: 77.32 Max: 125.52
Current: 105.36

During the past 13 years, Lakshmi Machine Works's highest Days Payable was 125.52. The lowest was 63.18. And the median was 77.32.

BOM:500252's Days Payable is ranked better than
64.8% of 2923 companies
in the Industrial Products industry
Industry Median: 76.67 vs BOM:500252: 105.36

Lakshmi Machine Works's Days Payable declined from Dec. 2022 (92.78) to Mar. 2024 (79.37). It may suggest that Lakshmi Machine Works accelerated paying its suppliers.

Lakshmi Machine Works Days Payable Historical Data

The historical data trend for Lakshmi Machine Works'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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Lakshmi Machine Works Days Payable Chart

Lakshmi Machine Works Annual Data

Trend

Mar15

Mar16

Mar17

Mar18

Mar19

Mar20

Mar21

Mar22

Mar23

Mar24

Days Payable

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125.52

121.70

82.13

73.92

73.53

Lakshmi Machine Works 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															92.78	71.20	75.52	85.55	79.37

Competitive Comparison of Lakshmi Machine Works's Days Payable

For the Specialty Industrial Machinery subindustry, Lakshmi Machine Works'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.

Lakshmi Machine Works's Days Payable Distribution in the Industrial Products Industry

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

* The bar in red indicates where Lakshmi Machine Works's Days Payable falls into.

Lakshmi Machine Works 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.

Lakshmi Machine Works'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
=	( (6679.26	+	5303.1)	/	2 )	/	29740.3	*	365
=	5991.18					/	29740.3	*	365
=	73.53

Lakshmi Machine Works'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	+	5303.1)	/	1 )	/	6096.7	*	365 / 4
=	5303.1					/	6096.7	*	365 / 4
=	79.37

Lakshmi Machine Works Days Payable Related Terms

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Lakshmi Machine Works (BOM:500252) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Industrials » Industrial Products » Lakshmi Machine Works Ltd (BOM:500252) » Definitions » Days Payable

Comparable Companies

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LAXMIMACH:India

Address

34-A, Kamaraj Road, Coimbatore, TN, IND, 641018

Website

https://www.lmwglobal.com

Lakshmi Machine Works Ltd is a machinery maker. The company is organized into three primary segments: a textile machinery division, a machine tool/foundry division, and an advanced technology center for aerospace parts and components. The company's textile machinery products include card sliver systems, combing systems, ring spinning systems, and related components. The company's machine tool products include CNC lathes, machining centers, and other high-tech machine tools. The company's foundry division manufactures ductile and grey iron castings. In addition, the company manufactures structural parts, engine and landing gear parts, sheet metal fabrications, and so on. It generates almost all of its revenue from the Indian domestic market.

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