Timex Group India (BOM:500414) Days Payable : 120.05 (As of Mar. 2024)

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What is Timex Group India Days Payable?

Timex Group India's average Accounts Payable for the three months ended in Mar. 2024 was ₹719 Mil. Timex Group India's Cost of Goods Sold for the three months ended in Mar. 2024 was ₹547 Mil. Hence, Timex Group India's Days Payable for the three months ended in Mar. 2024 was 120.05.

The historical rank and industry rank for Timex Group India's Days Payable or its related term are showing as below:

BOM:500414' s Days Payable Range Over the Past 10 Years
Min: 102.42 Med: 183.45 Max: 356.9
Current: 108.81

During the past 13 years, Timex Group India's highest Days Payable was 356.90. The lowest was 102.42. And the median was 183.45.

BOM:500414's Days Payable is ranked better than
78% of 1082 companies
in the Retail - Cyclical industry
Industry Median: 55.985 vs BOM:500414: 108.81

Timex Group India's Days Payable declined from Mar. 2023 (131.33) to Mar. 2024 (120.05). It may suggest that Timex Group India accelerated paying its suppliers.

Timex Group India Days Payable Historical Data

The historical data trend for Timex Group India'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.

* Premium members only.

Timex Group India Days Payable Chart

Timex Group India Annual Data

Trend

Mar15

Mar16

Mar17

Mar18

Mar19

Mar20

Mar21

Mar22

Mar23

Mar24

Days Payable

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154.09

287.42

139.75

102.42

103.33

Timex Group India 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															131.33	101.40	100.95	127.36	120.05

Competitive Comparison of Timex Group India's Days Payable

For the Luxury Goods subindustry, Timex Group India'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.

Timex Group India's Days Payable Distribution in the Retail - Cyclical Industry

For the Retail - Cyclical industry and Consumer Cyclical sector, Timex Group India's Days Payable distribution charts can be found below:

* The bar in red indicates where Timex Group India's Days Payable falls into.

Timex Group India 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.

Timex Group India'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
=	( (660.2	+	719.4)	/	2 )	/	2436.6	*	365
=	689.8					/	2436.6	*	365
=	103.33

Timex Group India'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	+	719.4)	/	1 )	/	546.8	*	365 / 4
=	719.4					/	546.8	*	365 / 4
=	120.05

Timex Group India Days Payable Related Terms

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Timex Group India (BOM:500414) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Consumer Cyclical » Retail - Cyclical » Timex Group India Ltd (BOM:500414) » Definitions » Days Payable

Traded in Other Exchanges

N/A

Address

C-1, Sector-16, 3rd Floor, World Trade Tower, Unit number 303, Tower-B,, Noida, UP, IND, 201301

Website

https://www.timexindia.com

Timex Group India Ltd is an Indian company engaged in designing, manufacturing, and marketing timepieces and jewelry and rendering related after-sales services. The company's business segment comprises watches and others. Its watches segment includes manufacturing and trading of watches. Geographically, it derives a majority of its revenue from India. The company's brand includes Timex, Helix, and TMX. The Company is primarily in the business of manufacturing and trading of watches and rendering of related after-sales service ("Watches").

Timex Group India (BOM:500414) Headlines

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