Loyal Textile Mills (BOM:514036) Days Payable : 130.69 (As of Dec. 2023)

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What is Loyal Textile Mills Days Payable?

Loyal Textile Mills's average Accounts Payable for the three months ended in Dec. 2023 was ₹1,701 Mil. Loyal Textile Mills's Cost of Goods Sold for the three months ended in Dec. 2023 was ₹1,188 Mil. Hence, Loyal Textile Mills's Days Payable for the three months ended in Dec. 2023 was 130.69.

The historical rank and industry rank for Loyal Textile Mills's Days Payable or its related term are showing as below:

BOM:514036' s Days Payable Range Over the Past 10 Years
Min: 22.94 Med: 60.46 Max: 132.78
Current: 93.12

During the past 13 years, Loyal Textile Mills's highest Days Payable was 132.78. The lowest was 22.94. And the median was 60.46.

BOM:514036's Days Payable is ranked better than
74.53% of 1021 companies
in the Manufacturing - Apparel & Accessories industry
Industry Median: 56.86 vs BOM:514036: 93.12

Loyal Textile Mills's Days Payable declined from Dec. 2022 (167.89) to Dec. 2023 (130.69). It may suggest that Loyal Textile Mills accelerated paying its suppliers.

Loyal Textile Mills Days Payable Historical Data

The historical data trend for Loyal Textile Mills'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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Loyal Textile Mills Days Payable Chart

Loyal Textile Mills Annual Data

Trend

Mar14

Mar15

Mar16

Mar17

Mar18

Mar19

Mar20

Mar21

Mar22

Mar23

Days Payable

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72.21

121.64

132.78

71.27

71.68

Loyal Textile Mills Quarterly Data
	Mar19	Jun19	Sep19	Dec19	Mar20	Jun20	Sep20	Dec20	Mar21	Jun21	Sep21	Dec21	Mar22	Jun22	Sep22	Dec22	Mar23	Jun23	Sep23	Dec23
Days Payable	Get a 7-Day Free Trial															167.89	74.08	81.96	116.04	130.69

Competitive Comparison of Loyal Textile Mills's Days Payable

For the Textile Manufacturing subindustry, Loyal Textile Mills'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.

Loyal Textile Mills's Days Payable Distribution in the Manufacturing - Apparel & Accessories Industry

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

* The bar in red indicates where Loyal Textile Mills's Days Payable falls into.

Loyal Textile Mills 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.

Loyal Textile Mills'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
=	( (1805.321	+	1694.816)	/	2 )	/	8910.993	*	365
=	1750.0685					/	8910.993	*	365
=	71.68

Loyal Textile Mills'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
=	( (1903	+	1498.7)	/	2 )	/	1187.6	*	365 / 4
=	1700.85					/	1187.6	*	365 / 4
=	130.69

Loyal Textile Mills Days Payable Related Terms

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Loyal Textile Mills (BOM:514036) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Consumer Cyclical » Manufacturing - Apparel & Accessories » Loyal Textile Mills Ltd (BOM:514036) » Definitions » Days Payable

Traded in Other Exchanges

LOYALTEX:India

Address

1st Main Road, No. 83, R. A. Puram, Mandaveli, Chennai, TN, IND, 600028

Website

https://www.loyaltextiles.com

Loyal Textile Mills Ltd is an India-based company that provides various products and services for the textile and apparel industries. It is engaged in the manufacturing of yarn, woven fabric, knitted fabric, and technical clothing. The company operates in two business segments that are manufacturing and trading activities. Its main products are yarn, cloth, and hosiery cloth. The manufacturing of cloth and hosiery cloth generates maximum revenue for the company. Geographically the company exports its product to Asia, Europe, America, and others; out of which the Asia region generates maximum revenue for the company.

Loyal Textile Mills (BOM:514036) Headlines

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