Kenvi Jewels (BOM:540953) Days Payable : 9.98 (As of Dec. 2023)

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What is Kenvi Jewels Days Payable?

Kenvi Jewels's average Accounts Payable for the three months ended in Dec. 2023 was ₹38 Mil. Kenvi Jewels's Cost of Goods Sold for the three months ended in Dec. 2023 was ₹350 Mil. Hence, Kenvi Jewels's Days Payable for the three months ended in Dec. 2023 was 9.98.

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

BOM:540953' s Days Payable Range Over the Past 10 Years
Min: 0.61 Med: 4.14 Max: 15.01
Current: 6.15

During the past 10 years, Kenvi Jewels's highest Days Payable was 15.01. The lowest was 0.61. And the median was 4.14.

BOM:540953's Days Payable is ranked worse than
95.84% of 1081 companies
in the Retail - Cyclical industry
Industry Median: 56.14 vs BOM:540953: 6.15

Kenvi Jewels's Days Payable increased from Dec. 2022 (7.74) to Dec. 2023 (9.98). It may suggest that Kenvi Jewels delayed paying its suppliers.

Kenvi Jewels Days Payable Historical Data

The historical data trend for Kenvi Jewels'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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Kenvi Jewels Days Payable Chart

Kenvi Jewels Annual Data

Trend

Mar14

Mar15

Mar16

Mar17

Mar18

Mar19

Mar20

Mar21

Mar22

Mar23

Days Payable

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3.14

0.62

0.61

0.72

0.66

Kenvi Jewels Quarterly Data
	Mar17	Nov17	Mar18	Sep18	Mar19	Sep19	Mar20	Sep20	Mar21	Jun21	Sep21	Dec21	Mar22	Jun22	Sep22	Dec22	Mar23	Jun23	Sep23	Dec23
Days Payable	Get a 7-Day Free Trial															7.74	0.44	0.47	13.25	9.98

Competitive Comparison of Kenvi Jewels's Days Payable

For the Luxury Goods subindustry, Kenvi Jewels'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.

Kenvi Jewels's Days Payable Distribution in the Retail - Cyclical Industry

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

* The bar in red indicates where Kenvi Jewels's Days Payable falls into.

Kenvi Jewels 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.

Kenvi Jewels'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
=	( (1.772	+	1.307)	/	2 )	/	847.506	*	365
=	1.5395					/	847.506	*	365
=	0.66

Kenvi Jewels's Days Payable for the quarter that ended in Dec. 2023 is calculated as:

	Days Payable (Q: Dec. 2023 )
=	Average Accounts Payable					/	Cost of Goods Sold	*	Days in Period
=	( (Accounts Payable (Q: Sep. 2023 )	+	Accounts Payable (Q: Dec. 2023 ))	/	count )	/	Cost of Goods Sold (Q: Dec. 2023 )	*	Days in Period
=	( (38.245	+	0)	/	1 )	/	349.78	*	365 / 4
=	38.245					/	349.78	*	365 / 4
=	9.98

Kenvi Jewels Days Payable Related Terms

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Kenvi Jewels (BOM:540953) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Consumer Cyclical » Retail - Cyclical » Kenvi Jewels Ltd (BOM:540953) » Definitions » Days Payable

Traded in Other Exchanges

N/A

Address

CG Road, Near Lal Bunglow, Shop No. 121 & 122, Super Mall Complex, Ahmedabad, GJ, IND, 380006

Website

https://www.kenvijewels.com

Kenvi Jewels Ltd is engaged in the business of manufacturing and retailing jewellery products. The company is involved in the wholesaling and trading of gold jewelry. Its product portfolio includes Wedding Jewellery, Festive Jewellery, Rings, Chain, Earrings, Ear Chain, Nose-rings/Nose pins, Waist belts, Mangalsutra, Anklet, Zuda, Toe Ring, Pendant Set/ Pendant, Bracelet and Bangles.

Kenvi Jewels (BOM:540953) Headlines

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