Laxmipati Engineering Works (BOM:537669) Days Payable : 71.72 (As of Sep. 2023)

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What is Laxmipati Engineering Works Days Payable?

Laxmipati Engineering Works's average Accounts Payable for the six months ended in Sep. 2023 was ₹26.9 Mil. Laxmipati Engineering Works's Cost of Goods Sold for the six months ended in Sep. 2023 was ₹68.4 Mil. Hence, Laxmipati Engineering Works's Days Payable for the six months ended in Sep. 2023 was 71.72.

The historical rank and industry rank for Laxmipati Engineering Works's Days Payable or its related term are showing as below:

BOM:537669' s Days Payable Range Over the Past 10 Years
Min: 28.49 Med: 72.36 Max: 349.06
Current: 97.46

During the past 10 years, Laxmipati Engineering Works's highest Days Payable was 349.06. The lowest was 28.49. And the median was 72.36.

BOM:537669's Days Payable is not ranked
in the Aerospace & Defense industry.
Industry Median: 75.38 vs BOM:537669: 97.46

Laxmipati Engineering Works's Days Payable declined from Sep. 2022 (706.88) to Sep. 2023 (71.72). It may suggest that Laxmipati Engineering Works accelerated paying its suppliers.

Laxmipati Engineering Works Days Payable Historical Data

The historical data trend for Laxmipati Engineering Works'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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Laxmipati Engineering Works Days Payable Chart

Laxmipati Engineering Works Annual Data

Trend

Mar14

Mar15

Mar16

Mar17

Mar18

Mar19

Mar20

Mar21

Mar22

Mar23

Days Payable

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32.51

28.49

347.45

205.81

326.20

Laxmipati Engineering Works Semi-Annual Data
	Mar14	Sep14	Mar15	Sep15	Mar16	Sep16	Mar17	Sep17	Mar18	Sep18	Mar19	Sep19	Mar20	Sep20	Mar21	Sep21	Mar22	Sep22	Mar23	Sep23
Days Payable	Get a 7-Day Free Trial															198.27	215.42	706.88	189.55	71.72

Competitive Comparison of Laxmipati Engineering Works's Days Payable

For the Aerospace & Defense subindustry, Laxmipati Engineering Works'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.

Laxmipati Engineering Works's Days Payable Distribution in the Aerospace & Defense Industry

For the Aerospace & Defense industry and Industrials sector, Laxmipati Engineering Works's Days Payable distribution charts can be found below:

* The bar in red indicates where Laxmipati Engineering Works's Days Payable falls into.

Laxmipati Engineering Works 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.

Laxmipati Engineering Works'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
=	( (21.29	+	26.679)	/	2 )	/	26.837	*	365
=	23.9845					/	26.837	*	365
=	326.20

Laxmipati Engineering Works's Days Payable for the quarter that ended in Sep. 2023 is calculated as:

	Days Payable (Q: Sep. 2023 )
=	Average Accounts Payable					/	Cost of Goods Sold	*	Days in Period
=	( (Accounts Payable (Q: Mar. 2023 )	+	Accounts Payable (Q: Sep. 2023 ))	/	count )	/	Cost of Goods Sold (Q: Sep. 2023 )	*	Days in Period
=	( (26.679	+	27.093)	/	2 )	/	68.41	*	365 / 2
=	26.886					/	68.41	*	365 / 2
=	71.72

Laxmipati Engineering Works Days Payable Related Terms

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Laxmipati Engineering Works (BOM:537669) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Industrials » Aerospace & Defense » Laxmipati Engineering Works Ltd (BOM:537669) » Definitions » Days Payable

Comparable Companies

Traded in Other Exchanges

N/A

Address

Central Park Society, Office Block 1st Floor, Plot No. 237/2 and 3, Sub Plot No. A/25, GIDC, Pandesara, Surat, GJ, IND, 394221

Website

http://www.laxmipatiengineering.com

Laxmipati Engineering Works Ltd is engaged in the Business of Ship Building, Ship Repair, Fabrication, Heavy Engineering, Engineering Infrastructure and services and Precision Machining.

Laxmipati Engineering Works (BOM:537669) Headlines

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