Loyal Equipments (BOM:539227) Days Payable : 20.63 (As of Mar. 2024)

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What is Loyal Equipments Days Payable?

Loyal Equipments's average Accounts Payable for the three months ended in Mar. 2024 was ₹35.5 Mil. Loyal Equipments's Cost of Goods Sold for the three months ended in Mar. 2024 was ₹156.8 Mil. Hence, Loyal Equipments's Days Payable for the three months ended in Mar. 2024 was 20.63.

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

BOM:539227' s Days Payable Range Over the Past 10 Years
Min: 45.27 Med: 73.92 Max: 137
Current: 59.59

During the past 10 years, Loyal Equipments's highest Days Payable was 137.00. The lowest was 45.27. And the median was 73.92.

BOM:539227's Days Payable is ranked worse than
62.09% of 2936 companies
in the Industrial Products industry
Industry Median: 76.705 vs BOM:539227: 59.59

Loyal Equipments's Days Payable declined from Mar. 2023 (96.71) to Mar. 2024 (20.63). It may suggest that Loyal Equipments accelerated paying its suppliers.

Loyal Equipments Days Payable Historical Data

The historical data trend for Loyal Equipments'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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Loyal Equipments Days Payable Chart

Loyal Equipments Annual Data

Trend

Mar15

Mar16

Mar17

Mar18

Mar19

Mar20

Mar21

Mar22

Mar23

Mar24

Days Payable

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68.75

137.00

104.59

114.88

56.88

Loyal Equipments 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															96.71	392.29	39.42	105.18	20.63

Competitive Comparison of Loyal Equipments's Days Payable

For the Specialty Industrial Machinery subindustry, Loyal Equipments'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.

Loyal Equipments's Days Payable Distribution in the Industrial Products Industry

For the Industrial Products industry and Industrials sector, Loyal Equipments's Days Payable distribution charts can be found below:

* The bar in red indicates where Loyal Equipments's Days Payable falls into.

Loyal Equipments 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.

Loyal Equipments'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
=	( (92.921	+	35.457)	/	2 )	/	411.912	*	365
=	64.189					/	411.912	*	365
=	56.88

Loyal Equipments'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	+	35.457)	/	1 )	/	156.835	*	365 / 4
=	35.457					/	156.835	*	365 / 4
=	20.63

Loyal Equipments Days Payable Related Terms

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Loyal Equipments (BOM:539227) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Industrials » Industrial Products » Loyal Equipments Ltd (BOM:539227) » Definitions » Days Payable

Comparable Companies

Traded in Other Exchanges

N/A

Address

Block No. 35/1-2-3-4, Village Zak, Taluka Dahegam, Gandhinagar, GJ, IND, 382330

Website

http://www.loyalequipments.com

Loyal Equipments Ltd is an Indian-based company engaged in the manufacturing of Industrial and Engineering Equipments Its product portfolio includes Pressure vessels, Air-cooled heat exchangers, Shell and tube heat exchangers, Storage tanks, Pressure receivers, Chimney, Heavy structural items, Skids, Base plates, and others. The company serves oil/gas, petroleum, chemical, sugar, steel, fertilizers, and the power plant sector.

Loyal Equipments (BOM:539227) Headlines

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