Mittal Life Style (NSE:MITTAL) Days Payable : 23.95 (As of Mar. 2024)

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What is Mittal Life Style Days Payable?

Mittal Life Style's average Accounts Payable for the three months ended in Mar. 2024 was ₹41.8 Mil. Mittal Life Style's Cost of Goods Sold for the three months ended in Mar. 2024 was ₹159.1 Mil. Hence, Mittal Life Style's Days Payable for the three months ended in Mar. 2024 was 23.95.

The historical rank and industry rank for Mittal Life Style's Days Payable or its related term are showing as below:

NSE:MITTAL' s Days Payable Range Over the Past 10 Years
Min: 13.57 Med: 19.62 Max: 57.95
Current: 22.36

During the past 12 years, Mittal Life Style's highest Days Payable was 57.95. The lowest was 13.57. And the median was 19.62.

NSE:MITTAL's Days Payable is ranked worse than
83.96% of 1016 companies
in the Manufacturing - Apparel & Accessories industry
Industry Median: 57.25 vs NSE:MITTAL: 22.36

Mittal Life Style's Days Payable increased from Mar. 2023 (12.86) to Mar. 2024 (23.95). It may suggest that Mittal Life Style delayed paying its suppliers.

Mittal Life Style Days Payable Historical Data

The historical data trend for Mittal Life Style'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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Mittal Life Style Days Payable Chart

Mittal Life Style Annual Data

Trend

Mar15

Mar16

Mar17

Mar18

Mar19

Mar20

Mar21

Mar22

Mar23

Mar24

Days Payable

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29.92

57.95

28.01

13.57

18.77

Mittal Life Style 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															12.86	15.27	22.85	36.56	23.95

Competitive Comparison of Mittal Life Style's Days Payable

For the Textile Manufacturing subindustry, Mittal Life Style'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.

Mittal Life Style's Days Payable Distribution in the Manufacturing - Apparel & Accessories Industry

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

* The bar in red indicates where Mittal Life Style's Days Payable falls into.

Mittal Life Style 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.

Mittal Life Style'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
=	( (24.87	+	41.772)	/	2 )	/	647.834	*	365
=	33.321					/	647.834	*	365
=	18.77

Mittal Life Style'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	+	41.772)	/	1 )	/	159.143	*	365 / 4
=	41.772					/	159.143	*	365 / 4
=	23.95

Mittal Life Style Days Payable Related Terms

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Mittal Life Style (NSE:MITTAL) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Consumer Cyclical » Manufacturing - Apparel & Accessories » Mittal Life Style Ltd (NSE:MITTAL) » Definitions » Days Payable

Traded in Other Exchanges

N/A

Address

New Link Road, Unit No. 8/9, Ravikiran, Ground Floor, Andheri (West), Mumbai, MH, IND, 400053

Website

https://www.mittallifestyle.in

Mittal Life Style Ltd operates in the textile industry. It is operating as the most preferred supplier of denim and garment products. Dealing in supply of Bottom weight Fabrics & Denims is the principal business activity of the Company. It supplies fashion fabrics, cotton canvas denim, dupion bottom fabrics, polyester fabrics, cotton fabric, knit fabric and among other products.

Mittal Life Style (NSE:MITTAL) Headlines

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