Thangamayil Jewellery (BOM:533158) Days Payable : 1.81 (As of Mar. 2024)

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What is Thangamayil Jewellery Days Payable?

Thangamayil Jewellery's average Accounts Payable for the three months ended in Mar. 2024 was ₹175 Mil. Thangamayil Jewellery's Cost of Goods Sold for the three months ended in Mar. 2024 was ₹8,827 Mil. Hence, Thangamayil Jewellery's Days Payable for the three months ended in Mar. 2024 was 1.81.

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

BOM:533158' s Days Payable Range Over the Past 10 Years
Min: 1.74 Med: 8.93 Max: 21.36
Current: 2.51

During the past 13 years, Thangamayil Jewellery's highest Days Payable was 21.36. The lowest was 1.74. And the median was 8.93.

BOM:533158's Days Payable is ranked worse than
97.78% of 1081 companies
in the Retail - Cyclical industry
Industry Median: 56.64 vs BOM:533158: 2.51

Thangamayil Jewellery's Days Payable declined from Mar. 2023 (2.73) to Mar. 2024 (1.81). It may suggest that Thangamayil Jewellery accelerated paying its suppliers.

Thangamayil Jewellery Days Payable Historical Data

The historical data trend for Thangamayil Jewellery'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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Thangamayil Jewellery Days Payable Chart

Thangamayil Jewellery Annual Data

Trend

Mar15

Mar16

Mar17

Mar18

Mar19

Mar20

Mar21

Mar22

Mar23

Mar24

Days Payable

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13.62

5.64

1.85

1.74

1.97

Thangamayil Jewellery 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															2.73	2.15	3.31	3.88	1.81

Competitive Comparison of Thangamayil Jewellery's Days Payable

For the Luxury Goods subindustry, Thangamayil Jewellery'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.

Thangamayil Jewellery's Days Payable Distribution in the Retail - Cyclical Industry

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

* The bar in red indicates where Thangamayil Jewellery's Days Payable falls into.

Thangamayil Jewellery 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.

Thangamayil Jewellery'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
=	( (198.3	+	175.1)	/	2 )	/	34579.9	*	365
=	186.7					/	34579.9	*	365
=	1.97

Thangamayil Jewellery'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	+	175.1)	/	1 )	/	8826.9	*	365 / 4
=	175.1					/	8826.9	*	365 / 4
=	1.81

Thangamayil Jewellery Days Payable Related Terms

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Thangamayil Jewellery (BOM:533158) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Consumer Cyclical » Retail - Cyclical » Thangamayil Jewellery Ltd (BOM:533158) » Definitions » Days Payable

Traded in Other Exchanges

THANGAMAYL:India

Address

New Natham Main Road, No. 25/6, Palamicenter, 2nd and 3rd Floor, Nera Ramakrishna Mutt, Narayanapuram, Madurai, TN, IND, 625014

Website

https://www.thangamayil.com

Thangamayil Jewellery Ltd is in the Jewellery business. The company is engaged in gold, diamond, silver, and other precious metals. It operates a retail jewelry store across several districts in the Indian state of Tamil Nadu. Its jewelry products include Bangles, Bracelets, Rings, Coins, Articles, Dinner sets, Earrings, Pendants, Necklace, Anklets and Chains. Additionally, it also offers various savings schemes to its customers to invest in gold jewelry for the long run.

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