Tai Industries (BOM:519483) Days Payable : 91.06 (As of Mar. 2024)

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What is Tai Industries Days Payable?

Tai Industries's average Accounts Payable for the three months ended in Mar. 2024 was ₹289 Mil. Tai Industries's Cost of Goods Sold for the three months ended in Mar. 2024 was ₹289 Mil. Hence, Tai Industries's Days Payable for the three months ended in Mar. 2024 was 91.06.

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

BOM:519483' s Days Payable Range Over the Past 10 Years
Min: 36.96 Med: 125.87 Max: 249.84
Current: 101.58

During the past 13 years, Tai Industries's highest Days Payable was 249.84. The lowest was 36.96. And the median was 125.87.

BOM:519483's Days Payable is ranked better than
91.15% of 305 companies
in the Retail - Defensive industry
Industry Median: 44.54 vs BOM:519483: 101.58

Tai Industries's Days Payable increased from Mar. 2023 (58.82) to Mar. 2024 (91.06). It may suggest that Tai Industries delayed paying its suppliers.

Tai Industries Days Payable Historical Data

The historical data trend for Tai Industries'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.

* Premium members only.

Tai Industries Days Payable Chart

Tai Industries Annual Data

Trend

Mar15

Mar16

Mar17

Mar18

Mar19

Mar20

Mar21

Mar22

Mar23

Mar24

Days Payable

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112.74

50.81

36.96

57.38

100.75

Tai Industries 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															58.82	67.42	161.16	150.65	91.06

Competitive Comparison of Tai Industries's Days Payable

For the Food Distribution subindustry, Tai Industries'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.

Tai Industries's Days Payable Distribution in the Retail - Defensive Industry

For the Retail - Defensive industry and Consumer Defensive sector, Tai Industries's Days Payable distribution charts can be found below:

* The bar in red indicates where Tai Industries's Days Payable falls into.

Tai Industries 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.

Tai Industries'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
=	( (423.367	+	288.666)	/	2 )	/	1289.746	*	365
=	356.0165					/	1289.746	*	365
=	100.75

Tai Industries'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	+	288.666)	/	1 )	/	289.263	*	365 / 4
=	288.666					/	289.263	*	365 / 4
=	91.06

Tai Industries Days Payable Related Terms

Thank you for viewing the detailed overview of Tai Industries's Days Payable provided by GuruFocus.com. Please click on the following links to see related term pages.

Tai Industries (BOM:519483) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Consumer Defensive » Retail - Defensive » Tai Industries Ltd (BOM:519483) » Definitions » Days Payable

Comparable Companies

Traded in Other Exchanges

N/A

Address

53A, Mirza Ghalib Street, 3rd Floor, Kolkata, WB, IND, 700 016

Website

https://www.taiind.com

Tai Industries Ltd is an India-based trading organization. It is involved in the marketing and distribution, in India, of DRUK brand of fruit products such as Squashes, Jams, Fruit juices, Pickles, and Sauces. In addition, it is also engaged in trading and marketing of industrial and mineral products and raw materials such as Calcium carbide, Charcoal, Manganese ore, and Others.

Tai Industries (BOM:519483) Headlines

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