TGB Banquets & Hotels (NSE:TGBHOTELS) Days Payable : 376.63 (As of Dec. 2023)

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What is TGB Banquets & Hotels Days Payable?

TGB Banquets & Hotels's average Accounts Payable for the three months ended in Dec. 2023 was ₹136.5 Mil. TGB Banquets & Hotels's Cost of Goods Sold for the three months ended in Dec. 2023 was ₹33.1 Mil. Hence, TGB Banquets & Hotels's Days Payable for the three months ended in Dec. 2023 was 376.63.

The historical rank and industry rank for TGB Banquets & Hotels's Days Payable or its related term are showing as below:

NSE:TGBHOTELS' s Days Payable Range Over the Past 10 Years
Min: 160.54 Med: 210.9 Max: 860.87
Current: 283.82

During the past 13 years, TGB Banquets & Hotels's highest Days Payable was 860.87. The lowest was 160.54. And the median was 210.90.

NSE:TGBHOTELS's Days Payable is ranked better than
86.79% of 757 companies
in the Travel & Leisure industry
Industry Median: 59.8 vs NSE:TGBHOTELS: 283.82

TGB Banquets & Hotels's Days Payable increased from Dec. 2022 (283.75) to Dec. 2023 (376.63). It may suggest that TGB Banquets & Hotels delayed paying its suppliers.

TGB Banquets & Hotels Days Payable Historical Data

The historical data trend for TGB Banquets & Hotels'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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TGB Banquets & Hotels Days Payable Chart

TGB Banquets & Hotels Annual Data

Trend

Mar14

Mar15

Mar16

Mar17

Mar18

Mar19

Mar20

Mar21

Mar22

Mar23

Days Payable

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206.53

523.85

860.87

421.13

224.67

TGB Banquets & Hotels Quarterly Data
	Dec18	Mar19	Jun19	Sep19	Dec19	Mar20	Jun20	Dec20	Mar21	Jun21	Sep21	Dec21	Mar22	Jun22	Sep22	Dec22	Mar23	Jun23	Sep23	Dec23
Days Payable	Get a 7-Day Free Trial															283.75	173.24	207.95	502.31	376.63

Competitive Comparison of TGB Banquets & Hotels's Days Payable

For the Lodging subindustry, TGB Banquets & Hotels'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.

TGB Banquets & Hotels's Days Payable Distribution in the Travel & Leisure Industry

For the Travel & Leisure industry and Consumer Cyclical sector, TGB Banquets & Hotels's Days Payable distribution charts can be found below:

* The bar in red indicates where TGB Banquets & Hotels's Days Payable falls into.

TGB Banquets & Hotels 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.

TGB Banquets & Hotels'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
=	( (118.971	+	87.552)	/	2 )	/	167.761	*	365
=	103.2615					/	167.761	*	365
=	224.67

TGB Banquets & Hotels'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
=	( (136.48	+	0)	/	1 )	/	33.066	*	365 / 4
=	136.48					/	33.066	*	365 / 4
=	376.63

TGB Banquets & Hotels Days Payable Related Terms

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

TGB Banquets & Hotels (NSE:TGBHOTELS) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Consumer Cyclical » Travel & Leisure » TGB Banquets & Hotels Ltd (NSE:TGBHOTELS) » Definitions » Days Payable

Comparable Companies

Traded in Other Exchanges

532845:India

Address

S.G. Road, The Grand Bhagwati, Plot no. 380, Bodakdev, Ahmedabad, GJ, IND, 380054

Website

https://www.thegrandbhagwati.com

TGB Banquets & Hotels Ltd is an Indian company engaged in the lodging business sector. The firm operates hotels, restaurants, and banquets. It operates under the brand name The Grand Bhagwati, also known as TGB in India. Other activities of the company include the provision of catering services. It derives revenue from rooms, food and beverages, and allied services relating to hotel operations.

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