Lorenzini Apparels (BOM:540952) Days Payable : 81.19 (As of Sep. 2023)

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What is Lorenzini Apparels Days Payable?

Lorenzini Apparels's average Accounts Payable for the six months ended in Sep. 2023 was ₹92.6 Mil. Lorenzini Apparels's Cost of Goods Sold for the six months ended in Sep. 2023 was ₹208.1 Mil. Hence, Lorenzini Apparels's Days Payable for the six months ended in Sep. 2023 was 81.19.

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

BOM:540952' s Days Payable Range Over the Past 10 Years
Min: 80.73 Med: 103.34 Max: 172.91
Current: 87.41

During the past 11 years, Lorenzini Apparels's highest Days Payable was 172.91. The lowest was 80.73. And the median was 103.34.

BOM:540952's Days Payable is ranked better than
72.02% of 1022 companies
in the Manufacturing - Apparel & Accessories industry
Industry Median: 56.335 vs BOM:540952: 87.41

Lorenzini Apparels's Days Payable declined from Sep. 2022 (103.95) to Sep. 2023 (81.19). It may suggest that Lorenzini Apparels accelerated paying its suppliers.

Lorenzini Apparels Days Payable Historical Data

The historical data trend for Lorenzini Apparels'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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Lorenzini Apparels Days Payable Chart

Lorenzini Apparels Annual Data

Trend

Mar14

Mar15

Mar16

Mar17

Mar18

Mar19

Mar20

Mar21

Mar22

Mar23

Days Payable

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101.36

95.65

136.08

172.91

105.32

Lorenzini Apparels Semi-Annual Data
	Mar13	Mar14	Mar15	Mar16	Mar17	Mar18	Sep18	Mar19	Sep19	Mar20	Sep20	Mar21	Sep21	Mar22	Sep22	Mar23	Sep23
Days Payable	Get a 7-Day Free Trial												237.67	138.79	103.95	93.93	81.19

Competitive Comparison of Lorenzini Apparels's Days Payable

For the Apparel Manufacturing subindustry, Lorenzini Apparels'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.

Lorenzini Apparels's Days Payable Distribution in the Manufacturing - Apparel & Accessories Industry

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

* The bar in red indicates where Lorenzini Apparels's Days Payable falls into.

Lorenzini Apparels 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.

Lorenzini Apparels'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
=	( (63.042	+	77.498)	/	2 )	/	243.523	*	365
=	70.27					/	243.523	*	365
=	105.32

Lorenzini Apparels'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: Mar. 2023 )	+	Accounts Payable (Q: Sep. 2023 ))	/	count )	/	Cost of Goods Sold (Q: Sep. 2023 )	*	Days in Period
=	( (77.498	+	107.667)	/	2 )	/	208.104	*	365 / 2
=	92.5825					/	208.104	*	365 / 2
=	81.19

Lorenzini Apparels Days Payable Related Terms

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Lorenzini Apparels (BOM:540952) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Consumer Cyclical » Manufacturing - Apparel & Accessories » Lorenzini Apparels Ltd (BOM:540952) » Definitions » Days Payable

Comparable Companies

Traded in Other Exchanges

LAL:India

Address

C-64, Okhla Industrial Area Phase - I, New Delhi, Delhi, IND, 110020

Website

https://www.mymonteil.com

Lorenzini Apparels Ltd is engaged in the business of manufacturing, designing, and marketing ready-made garments in India. The company offers formal, semi-formal, and casual wear for men and women casual wear under the brand names Monteil and Munero Monteil, and Calgari. Its products include jeans, shirts, jackets, t-shirts, trousers, sweatshirts, sweaters, blazers, waistcoats, shorts, and capris. In addition, the company also outsources the garments manufacturing on a work basis from third-party contractors.

Lorenzini Apparels (BOM:540952) Headlines

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