Lakshmi Automatic Loom Works (BOM:505302) Days Payable : 37.60 (As of Dec. 2023)

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What is Lakshmi Automatic Loom Works Days Payable?

Lakshmi Automatic Loom Works's average Accounts Payable for the three months ended in Dec. 2023 was ₹2.4 Mil. Lakshmi Automatic Loom Works's Cost of Goods Sold for the three months ended in Dec. 2023 was ₹5.9 Mil. Hence, Lakshmi Automatic Loom Works's Days Payable for the three months ended in Dec. 2023 was 37.60.

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

BOM:505302' s Days Payable Range Over the Past 10 Years
Min: 14.94 Med: 44.14 Max: 59.82
Current: 40.94

During the past 13 years, Lakshmi Automatic Loom Works's highest Days Payable was 59.82. The lowest was 14.94. And the median was 44.14.

BOM:505302's Days Payable is ranked worse than
78.78% of 2936 companies
in the Industrial Products industry
Industry Median: 76.705 vs BOM:505302: 40.94

Lakshmi Automatic Loom Works's Days Payable declined from Dec. 2022 (46.89) to Dec. 2023 (37.60). It may suggest that Lakshmi Automatic Loom Works accelerated paying its suppliers.

Lakshmi Automatic Loom Works Days Payable Historical Data

The historical data trend for Lakshmi Automatic Loom 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 Automatic Loom Works Days Payable Chart

Lakshmi Automatic Loom Works Annual Data

Trend

Mar14

Mar15

Mar16

Mar17

Mar18

Mar19

Mar20

Mar21

Mar22

Mar23

Days Payable

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42.72

29.35

47.69

40.24

45.55

Lakshmi Automatic Loom Works 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															46.89	23.87	77.29	230.05	37.60

Competitive Comparison of Lakshmi Automatic Loom Works's Days Payable

For the Specialty Industrial Machinery subindustry, Lakshmi Automatic Loom 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 Automatic Loom Works's Days Payable Distribution in the Industrial Products Industry

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

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

Lakshmi Automatic Loom 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 Automatic Loom Works'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
=	( (1.866	+	2.409)	/	2 )	/	17.127	*	365
=	2.1375					/	17.127	*	365
=	45.55

Lakshmi Automatic Loom Works'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
=	( (2.448	+	0)	/	1 )	/	5.941	*	365 / 4
=	2.448					/	5.941	*	365 / 4
=	37.60

Lakshmi Automatic Loom Works Days Payable Related Terms

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Lakshmi Automatic Loom Works (BOM:505302) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Industrials » Industrial Products » Lakshmi Automatic Loom Works Ltd (BOM:505302) » Definitions » Days Payable

Comparable Companies

Traded in Other Exchanges

N/A

Address

686, Avanashi Road, Pappanaickenpalayam, Coimbatore, TN, IND, 641037

Website

https://www.lakshmiautomatic.com

Lakshmi Automatic Loom Works Ltd manufactures textile machinery and related accessories. It is divided into two segments namely Warehousing Rental Services, and Other Engineering Services. The Warehousing Rental Services segment consists of Warehousing Rental income on the Land and Buildings at Hosur and the Other Engineering Services segment consists of the Manufacture and Sale of Accessories and Spares of Weaving and Knitting Machines and Parts and Accessories for Machine Tools. It gets a majority of its revenue from Warehousing Rental services.

Lakshmi Automatic Loom Works (BOM:505302) Headlines

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