Airo Lam (NSE:AIROLAM) Days Payable : 87.41 (As of Jun. 2023)

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What is Airo Lam Days Payable?

Airo Lam's average Accounts Payable for the three months ended in Jun. 2023 was ₹297 Mil. Airo Lam's Cost of Goods Sold for the three months ended in Jun. 2023 was ₹310 Mil. Hence, Airo Lam's Days Payable for the three months ended in Jun. 2023 was 87.41.

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

NSE:AIROLAM' s Days Payable Range Over the Past 10 Years
Min: 95.75 Med: 118.07 Max: 172.65
Current: 96.16

During the past 11 years, Airo Lam's highest Days Payable was 172.65. The lowest was 95.75. And the median was 118.07.

NSE:AIROLAM's Days Payable is ranked better than
68.14% of 408 companies
in the Furnishings, Fixtures & Appliances industry
Industry Median: 66.98 vs NSE:AIROLAM: 96.16

Airo Lam's Days Payable declined from Jun. 2022 (96.44) to Jun. 2023 (87.41). It may suggest that Airo Lam accelerated paying its suppliers.

Airo Lam Days Payable Historical Data

The historical data trend for Airo Lam'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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Airo Lam Days Payable Chart

Airo Lam Annual Data

Trend

Mar14

Mar15

Mar16

Mar17

Mar18

Mar19

Mar20

Mar21

Mar22

Mar23

Days Payable

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112.33

119.46

109.14

116.68

95.75

Airo Lam Quarterly Data
	Mar15	Mar16	Sep16	Mar17	Sep17	Mar18	Sep18	Mar19	Sep19	Mar20	Sep20	Mar21	Sep21	Dec21	Mar22	Jun22	Sep22	Dec22	Mar23	Jun23
Days Payable	Get a 7-Day Free Trial															96.44	120.28	114.86	77.61	87.41

Competitive Comparison of Airo Lam's Days Payable

For the Furnishings, Fixtures & Appliances subindustry, Airo Lam'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.

Airo Lam's Days Payable Distribution in the Furnishings, Fixtures & Appliances Industry

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

* The bar in red indicates where Airo Lam's Days Payable falls into.

Airo Lam 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.

Airo Lam'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
=	( (392.363	+	302.574)	/	2 )	/	1324.593	*	365
=	347.4685					/	1324.593	*	365
=	95.75

Airo Lam's Days Payable for the quarter that ended in Jun. 2023 is calculated as:

	Days Payable (Q: Jun. 2023 )
=	Average Accounts Payable					/	Cost of Goods Sold	*	Days in Period
=	( (Accounts Payable (Q: Mar. 2023 )	+	Accounts Payable (Q: Jun. 2023 ))	/	count )	/	Cost of Goods Sold (Q: Jun. 2023 )	*	Days in Period
=	( (302.574	+	291.238)	/	2 )	/	309.944	*	365 / 4
=	296.906					/	309.944	*	365 / 4
=	87.41

Airo Lam Days Payable Related Terms

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Airo Lam (NSE:AIROLAM) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Consumer Cyclical » Furnishings, Fixtures & Appliances » Airo Lam Ltd (NSE:AIROLAM) » Definitions » Days Payable

Traded in Other Exchanges

N/A

Address

Survey No. 355, Nananpur Approach Road, N.H. No.8, Tahsil-Prantij, Himmatnagar, Dalpur, Sabarkantha, GJ, IND, 383120

Website

https://www.airolam.com

Airo Lam Ltd is engaged in the manufacturing of High-Pressure decorative laminates. Its products are used in kitchen furniture, workshops, bathroom furniture, interior doors, and interior wall linings.

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