JK Lakshmi Cement (NSE:JKLAKSHMI) Days Payable : 157.52 (As of Dec. 2023)

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What is JK Lakshmi Cement Days Payable?

JK Lakshmi Cement's average Accounts Payable for the three months ended in Dec. 2023 was ₹5,445 Mil. JK Lakshmi Cement's Cost of Goods Sold for the three months ended in Dec. 2023 was ₹3,154 Mil. Hence, JK Lakshmi Cement's Days Payable for the three months ended in Dec. 2023 was 157.52.

The historical rank and industry rank for JK Lakshmi Cement's Days Payable or its related term are showing as below:

NSE:JKLAKSHMI' s Days Payable Range Over the Past 10 Years
Min: 54.33 Med: 98.9 Max: 137.66
Current: 73.2

During the past 13 years, JK Lakshmi Cement's highest Days Payable was 137.66. The lowest was 54.33. And the median was 98.90.

NSE:JKLAKSHMI's Days Payable is ranked better than
54.18% of 371 companies
in the Building Materials industry
Industry Median: 66.44 vs NSE:JKLAKSHMI: 73.20

JK Lakshmi Cement's Days Payable declined from Sep. 2022 (229.90) to Dec. 2023 (157.52). It may suggest that JK Lakshmi Cement accelerated paying its suppliers.

JK Lakshmi Cement Days Payable Historical Data

The historical data trend for JK Lakshmi Cement'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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JK Lakshmi Cement Days Payable Chart

JK Lakshmi Cement Annual Data

Trend

Mar14

Mar15

Mar16

Mar17

Mar18

Mar19

Mar20

Mar21

Mar22

Mar23

Days Payable

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137.66

94.12

76.98

60.80

54.33

JK Lakshmi Cement Quarterly Data
	Dec18	Mar19	Jun19	Sep19	Dec19	Mar20	Jun20	Sep20	Dec20	Mar21	Jun21	Sep21	Dec21	Mar22	Jun22	Sep22	Dec22	Mar23	Sep23	Dec23
Days Payable	Get a 7-Day Free Trial															229.90	242.18	22.65	150.48	157.52

Competitive Comparison of JK Lakshmi Cement's Days Payable

For the Building Materials subindustry, JK Lakshmi Cement'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.

JK Lakshmi Cement's Days Payable Distribution in the Building Materials Industry

For the Building Materials industry and Basic Materials sector, JK Lakshmi Cement's Days Payable distribution charts can be found below:

* The bar in red indicates where JK Lakshmi Cement's Days Payable falls into.

JK Lakshmi Cement 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.

JK Lakshmi Cement'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
=	( (3659.9	+	5860.1)	/	2 )	/	31978.3	*	365
=	4760					/	31978.3	*	365
=	54.33

JK Lakshmi Cement'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
=	( (5444.5	+	0)	/	1 )	/	3154	*	365 / 4
=	5444.5					/	3154	*	365 / 4
=	157.52

JK Lakshmi Cement Days Payable Related Terms

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JK Lakshmi Cement (NSE:JKLAKSHMI) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Basic Materials » Building Materials » JK Lakshmi Cement Ltd (NSE:JKLAKSHMI) » Definitions » Days Payable

Traded in Other Exchanges

500380:India

Address

4, Bahadur Shah Zafar Marg, Nehru House, New Delhi, IND, 110002

Website

https://www.jklakshmicement.com

JK Lakshmi Cement Ltd is a building materials holdings company. The company manufacturers multiple types of cement and cement-related products. JK Lakshmi also manufactures Plaster of Paris (POP), autoclavet aerated concrete block, and JK Lakshmi Pro+, the firm's flagship cement product. JK Lakshmi also produces three various types of concrete, including two types of common grey cement, labeled 53 Grade ordinary Portland cement (OPC) and 43 Grade OPC. The third type is Portland Pozzolana Cement (PPC) (Blended), which is created to prevent cracking. The company generates the vast majority of its revenue in India.

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