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Garment Mantra Lifestlye (BOM:539216) Days Payable : 53.69 (As of Sep. 2023)


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What is Garment Mantra Lifestlye Days Payable?

Garment Mantra Lifestlye's average Accounts Payable for the three months ended in Sep. 2023 was ₹155 Mil. Garment Mantra Lifestlye's Cost of Goods Sold for the three months ended in Sep. 2023 was ₹264 Mil. Hence, Garment Mantra Lifestlye's Days Payable for the three months ended in Sep. 2023 was 53.69.

The historical rank and industry rank for Garment Mantra Lifestlye's Days Payable or its related term are showing as below:

BOM:539216' s Days Payable Range Over the Past 10 Years
Min: 40.93   Med: 47.46   Max: 120.27
Current: 48.39

During the past 9 years, Garment Mantra Lifestlye's highest Days Payable was 120.27. The lowest was 40.93. And the median was 47.46.

BOM:539216's Days Payable is ranked worse than
56.42% of 1021 companies
in the Manufacturing - Apparel & Accessories industry
Industry Median: 56.86 vs BOM:539216: 48.39

Garment Mantra Lifestlye's Days Payable declined from Sep. 2022 (67.28) to Sep. 2023 (53.69). It may suggest that Garment Mantra Lifestlye accelerated paying its suppliers.


Garment Mantra Lifestlye Days Payable Historical Data

The historical data trend for Garment Mantra Lifestlye'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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Garment Mantra Lifestlye Days Payable Chart

Garment Mantra Lifestlye Annual Data
Trend Mar15 Mar16 Mar17 Mar18 Mar19 Mar20 Mar21 Mar22 Mar23
Days Payable
Get a 7-Day Free Trial Premium Member Only 64.34 105.23 63.57 40.93 43.08

Garment Mantra Lifestlye Quarterly Data
Sep17 Mar18 Sep18 Mar19 Sep19 Mar20 Jun20 Sep20 Dec20 Mar21 Jun21 Sep21 Dec21 Mar22 Jun22 Sep22 Dec22 Mar23 Jun23 Sep23
Days Payable Get a 7-Day Free Trial Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only 67.28 90.75 23.81 66.78 53.69

Competitive Comparison of Garment Mantra Lifestlye's Days Payable

For the Apparel Manufacturing subindustry, Garment Mantra Lifestlye'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.


Garment Mantra Lifestlye's Days Payable Distribution in the Manufacturing - Apparel & Accessories Industry

For the Manufacturing - Apparel & Accessories industry and Consumer Cyclical sector, Garment Mantra Lifestlye's Days Payable distribution charts can be found below:

* The bar in red indicates where Garment Mantra Lifestlye's Days Payable falls into.



Garment Mantra Lifestlye 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.

Garment Mantra Lifestlye'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
=( (189.188 + 174.019) / 2 ) / 1538.722*365
=181.6035 / 1538.722*365
=43.08

Garment Mantra Lifestlye's Days Payable for the quarter that ended in Sep. 2023 is calculated as:

Days Payable (Q: Sep. 2023 )
=Average Accounts Payable / Cost of Goods Sold*Days in Period
=( (Accounts Payable (Q: Jun. 2023 ) + Accounts Payable (Q: Sep. 2023 )) / count ) / Cost of Goods Sold (Q: Sep. 2023 )*Days in Period
=( (0 + 155.315) / 1 ) / 263.951*365 / 4
=155.315 / 263.951*365 / 4
=53.69

* 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.


Garment Mantra Lifestlye Days Payable Related Terms

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Garment Mantra Lifestlye (BOM:539216) Business Description

Traded in Other Exchanges
N/A
Address
Karia Gounder Street, No. 15, Murthy’s Plaza, Khaderpet, Tirupur, TN, IND, 641601
Garment Mantra Lifestlye Ltd is engaged in the business of garment manufacturing and selling of knitted fabric and garments. Geographically, it derives a majority of its revenue from the Domestic market. The products are manufactured for kids, men's, and women's wear. Some of its products are Polo T-Shirts, Round Neck T-Shirts, Sweatshirts, Nightwear, Leggings, Yoga wear, Girls Sleepwear, and others.

Garment Mantra Lifestlye (BOM:539216) Headlines

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