New Light Apparels (BOM:540243) Days Payable : 28.29 (As of Dec. 2023)

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What is New Light Apparels Days Payable?

New Light Apparels's average Accounts Payable for the three months ended in Dec. 2023 was ₹12.86 Mil. New Light Apparels's Cost of Goods Sold for the three months ended in Dec. 2023 was ₹41.49 Mil. Hence, New Light Apparels's Days Payable for the three months ended in Dec. 2023 was 28.29.

The historical rank and industry rank for New Light Apparels's Days Payable or its related term are showing as below:

BOM:540243' s Days Payable Range Over the Past 10 Years
Min: 42.22 Med: 114.73 Max: 243.03
Current: 122.66

During the past 11 years, New Light Apparels's highest Days Payable was 243.03. The lowest was 42.22. And the median was 114.73.

BOM:540243's Days Payable is ranked better than
83.27% of 1022 companies
in the Manufacturing - Apparel & Accessories industry
Industry Median: 57.25 vs BOM:540243: 122.66

New Light Apparels's Days Payable increased from Dec. 2022 (0.00) to Dec. 2023 (28.29). It may suggest that New Light Apparels delayed paying its suppliers.

New Light Apparels Days Payable Historical Data

The historical data trend for New Light Apparels'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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New Light Apparels Days Payable Chart

New Light Apparels Annual Data

Trend

Mar14

Mar15

Mar16

Mar17

Mar18

Mar19

Mar20

Mar21

Mar22

Mar23

Days Payable

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113.22

212.90

82.07

194.74

243.03

New Light Apparels 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															-	178.45	837.31	196.72	28.29

Competitive Comparison of New Light Apparels's Days Payable

For the Apparel Manufacturing subindustry, New Light Apparels'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.

New Light Apparels's Days Payable Distribution in the Manufacturing - Apparel & Accessories Industry

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

* The bar in red indicates where New Light Apparels's Days Payable falls into.

New Light Apparels 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.

New Light Apparels'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
=	( (34.434	+	42.913)	/	2 )	/	58.083	*	365
=	38.6735					/	58.083	*	365
=	243.03

New Light Apparels'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
=	( (11.06	+	14.667)	/	2 )	/	41.491	*	365 / 4
=	12.8635					/	41.491	*	365 / 4
=	28.29

New Light Apparels Days Payable Related Terms

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New Light Apparels (BOM:540243) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Consumer Cyclical » Manufacturing - Apparel & Accessories » New Light Apparels Ltd (BOM:540243) » Definitions » Days Payable

Comparable Companies

Traded in Other Exchanges

N/A

Address

Shivaji Enclave, Raja Garden, GC 29, Basement, New Delhi, Delhi, IND, 110027

Website

https://www.newlightapparels.com

New Light Apparels Ltd deals in school uniforms, Center and State government education programs and their sponsorship programs, The Company also deals in Corporate and private dress materials and other textile materials. The majority of revenue is generated from the sale of trading goods.

New Light Apparels (BOM:540243) Headlines

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