Mahalaxmi Rubtech (BOM:514450) Days Payable : 126.58 (As of Dec. 2023)

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What is Mahalaxmi Rubtech Days Payable?

Mahalaxmi Rubtech's average Accounts Payable for the three months ended in Dec. 2023 was ₹561 Mil. Mahalaxmi Rubtech's Cost of Goods Sold for the three months ended in Dec. 2023 was ₹404 Mil. Hence, Mahalaxmi Rubtech's Days Payable for the three months ended in Dec. 2023 was 126.58.

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

BOM:514450' s Days Payable Range Over the Past 10 Years
Min: 57.88 Med: 82.72 Max: 130.55
Current: 84.53

During the past 13 years, Mahalaxmi Rubtech's highest Days Payable was 130.55. The lowest was 57.88. And the median was 82.72.

BOM:514450's Days Payable is ranked better than
70.31% of 1024 companies
in the Manufacturing - Apparel & Accessories industry
Industry Median: 56.345 vs BOM:514450: 84.53

Mahalaxmi Rubtech's Days Payable increased from Dec. 2022 (121.93) to Dec. 2023 (126.58). It may suggest that Mahalaxmi Rubtech delayed paying its suppliers.

Mahalaxmi Rubtech Days Payable Historical Data

The historical data trend for Mahalaxmi Rubtech'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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Mahalaxmi Rubtech Days Payable Chart

Mahalaxmi Rubtech Annual Data

Trend

Mar14

Mar15

Mar16

Mar17

Mar18

Mar19

Mar20

Mar21

Mar22

Mar23

Days Payable

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105.03

108.15

130.55

91.00

86.85

Mahalaxmi Rubtech 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															121.93	43.24	148.72	136.77	126.58

Competitive Comparison of Mahalaxmi Rubtech's Days Payable

For the Textile Manufacturing subindustry, Mahalaxmi Rubtech'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.

Mahalaxmi Rubtech's Days Payable Distribution in the Manufacturing - Apparel & Accessories Industry

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

* The bar in red indicates where Mahalaxmi Rubtech's Days Payable falls into.

Mahalaxmi Rubtech 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.

Mahalaxmi Rubtech'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
=	( (486.897	+	579.197)	/	2 )	/	2240.254	*	365
=	533.047					/	2240.254	*	365
=	86.85

Mahalaxmi Rubtech'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
=	( (560.729	+	0)	/	1 )	/	404.219	*	365 / 4
=	560.729					/	404.219	*	365 / 4
=	126.58

Mahalaxmi Rubtech Days Payable Related Terms

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Mahalaxmi Rubtech (BOM:514450) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Consumer Cyclical » Manufacturing - Apparel & Accessories » Mahalaxmi Rubtech Ltd (BOM:514450) » Definitions » Days Payable

Traded in Other Exchanges

MHLXMIRU:India

Address

Polytechnic Road, Mahalaxmi House, YSL Avenue, Opposite Ketav Petrol Pump, Ambavadi, Ahmedabad, GJ, IND, 380015

Website

https://www.mrtglobal.com

Mahalaxmi Rubtech Ltd is an Indian textile manufacturing company. The company has structured its operations into the following business segments - Rubber and Technical textiles Products, and Textile Products. The company's product portfolio comprises; printing blankets, textile printing blankets, rubber-coated fabrics, hydraulic seals, air cells, and technical textiles. The majority of the revenue accrues from the Textile products segment.

Mahalaxmi Rubtech (BOM:514450) Headlines

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