Binny Mills (BOM:535620) Days Payable : 91.35 (As of Dec. 2023)

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What is Binny Mills Days Payable?

Binny Mills's average Accounts Payable for the three months ended in Dec. 2023 was ₹9.27 Mil. Binny Mills's Cost of Goods Sold for the three months ended in Dec. 2023 was ₹9.26 Mil. Hence, Binny Mills's Days Payable for the three months ended in Dec. 2023 was 91.35.

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

BOM:535620' s Days Payable Range Over the Past 10 Years
Min: 62.95 Med: 113.53 Max: 152.32
Current: 110.61

During the past 12 years, Binny Mills's highest Days Payable was 152.32. The lowest was 62.95. And the median was 113.53.

BOM:535620's Days Payable is not ranked
in the Manufacturing - Apparel & Accessories industry.
Industry Median: 57.25 vs BOM:535620: 110.61

Binny Mills's Days Payable declined from Dec. 2022 (116.76) to Dec. 2023 (91.35). It may suggest that Binny Mills accelerated paying its suppliers.

Binny Mills Days Payable Historical Data

The historical data trend for Binny 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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Binny Mills Days Payable Chart

Binny Mills Annual Data

Trend

Mar14

Mar15

Mar16

Mar17

Mar18

Mar19

Mar20

Mar21

Mar22

Mar23

Days Payable

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85.33

62.95

152.32

135.35

135.94

Binny 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															116.76	151.19	123.95	115.79	91.35

Competitive Comparison of Binny Mills's Days Payable

For the Textile Manufacturing subindustry, Binny 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.

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

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

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

Binny 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.

Binny 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
=	( (15.97	+	9.181)	/	2 )	/	33.765	*	365
=	12.5755					/	33.765	*	365
=	135.94

Binny 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
=	( (11.338	+	7.206)	/	2 )	/	9.262	*	365 / 4
=	9.272					/	9.262	*	365 / 4
=	91.35

Binny Mills Days Payable Related Terms

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Binny Mills (BOM:535620) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Consumer Cyclical » Manufacturing - Apparel & Accessories » Binny Mills Ltd (BOM:535620) » Definitions » Days Payable

Traded in Other Exchanges

N/A

Address

TCP Sapthagiri Bhavan, New No. 4, Old No. 10, Karpagambal Nagar, Mylapore, Chennai, TN, IND, 600004

Website

https://www.bmlindia.com

Binny Mills Ltd is engaged in the retail trading of textile products. The business activity of the firm is operated through three divisions namely Warehousing, Showrooms, and Textiles. The Warehousing division has rented its warehouses and is deriving rental income from it. The Showrooms are engaged in the retail selling of textile materials and the Textile division is engaged in selling textile materials, particularly uniform materials, bedspreads, and other textile varieties. The company generates the majority of its revenue from the Warehousing division.

Binny Mills (BOM:535620) Headlines

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