Greenlam Industries (BOM:538979) Days Payable : 108.20 (As of Mar. 2024)

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What is Greenlam Industries Days Payable?

Greenlam Industries's average Accounts Payable for the three months ended in Mar. 2024 was ₹3,479 Mil. Greenlam Industries's Cost of Goods Sold for the three months ended in Mar. 2024 was ₹2,935 Mil. Hence, Greenlam Industries's Days Payable for the three months ended in Mar. 2024 was 108.20.

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

BOM:538979' s Days Payable Range Over the Past 10 Years
Min: 64.4 Med: 89.2 Max: 132.95
Current: 132.95

During the past 11 years, Greenlam Industries's highest Days Payable was 132.95. The lowest was 64.40. And the median was 89.20.

BOM:538979's Days Payable is ranked better than
82.38% of 403 companies
in the Furnishings, Fixtures & Appliances industry
Industry Median: 69.13 vs BOM:538979: 132.95

Greenlam Industries's Days Payable increased from Dec. 2022 (96.80) to Mar. 2024 (108.20). It may suggest that Greenlam Industries delayed paying its suppliers.

Greenlam Industries Days Payable Historical Data

The historical data trend for Greenlam Industries'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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Greenlam Industries Days Payable Chart

Greenlam Industries Annual Data

Trend

Mar15

Mar16

Mar17

Mar18

Mar19

Mar20

Mar21

Mar22

Mar23

Mar24

Days Payable

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89.53

118.42

92.49

88.86

103.65

Greenlam Industries 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															96.80	90.06	88.93	108.15	108.20

Competitive Comparison of Greenlam Industries's Days Payable

For the Furnishings, Fixtures & Appliances subindustry, Greenlam Industries'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.

Greenlam Industries's Days Payable Distribution in the Furnishings, Fixtures & Appliances Industry

For the Furnishings, Fixtures & Appliances industry and Consumer Cyclical sector, Greenlam Industries's Days Payable distribution charts can be found below:

* The bar in red indicates where Greenlam Industries's Days Payable falls into.

Greenlam Industries 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.

Greenlam Industries'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
=	( (2696.819	+	3479.463)	/	2 )	/	10874.616	*	365
=	3088.141					/	10874.616	*	365
=	103.65

Greenlam Industries'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	+	3479.463)	/	1 )	/	2934.504	*	365 / 4
=	3479.463					/	2934.504	*	365 / 4
=	108.20

Greenlam Industries Days Payable Related Terms

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Greenlam Industries (BOM:538979) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Consumer Cyclical » Furnishings, Fixtures & Appliances » Greenlam Industries Ltd (BOM:538979) » Definitions » Days Payable

Comparable Companies

Traded in Other Exchanges

GREENLAM:India

Address

Worldmark 1, Aerocity, 203, 2nd Floor. West Wing, IGI Airport Hospitality District, New Delhi, IND, 110 037

Website

https://www.greenlamindustries.com

Greenlam Industries Ltd manufactures laminate flooring. The company manufactures and sells laminates, decorative veneers, and their allied products which are used for homes, kitchens, offices and other premises. Its business activity includes work of Laminates, compact laminates, decorative veneers, engineered wood flooring, engineered door sets and door leaf and other allied products through its wholesale and retail network. The firm offers its products under the Greenlam, New Mika, Decowood, Mikasa Floors, and Mikasa Doors and Frames brand names. The operating segments of the company are Laminate and allied products and Veneer and allied products. Geographically, the group has a business presence in India and Outside India, of which a majority of its revenue is derived within India.

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