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Tata Motors Ltd (NYSE:TTM)
Days Payable
123.72 (As of Mar. 2016)

Tata Motors Ltd's payable for the three months ended in Mar. 2016 was $9,170 Mil. Tata Motors Ltd's cost of goods sold for the three months ended in Mar. 2016 was $6,763 Mil. Hence, Tata Motors Ltd's days payable for the three months ended in Mar. 2016 was 123.72.

TTM' s Days Payable Range Over the Past 10 Years
Min: 58.43   Max: 137.47
Current: 134.58

58.43
137.47

During the past 13 years, Tata Motors Ltd's highest Days Payable was 137.47. The lowest was 58.43. And the median was 108.98.

TTM's Days Payable is ranked higher than
90% of the 886 Companies
in the Global Auto Manufacturers industry.

( Industry Median: 51.82 vs. TTM: 134.58 )

Tata Motors Ltd's days payable increased from Mar. 2015 (0.00) to Mar. 2016 (123.72). It may suggest that Tata Motors Ltd delayed paying its suppliers.


Definition

Days Payable indicates the number of days that the account payable relative to revenue the company has. An increase of Days Payable may suggest that the company delays paying its suppliers.

Tata Motors Ltd's Days Payable for the fiscal year that ended in Mar. 2015 is calculated as

Days Payable=Payable/Cost of Goods Sold*Days in Period
=9112.97764903/25624.887765*365
=129.80

Tata Motors Ltd's Days Payable for the quarter that ended in Mar. 2016 is calculated as:

Days Payable=Payable/Cost of Goods Sold*Days in Period
=9169.62396978/6762.82872558*365 / 4
=123.72

* All numbers are in millions except for per share data and ratio. All numbers are in their own currency.


Related Terms

Revenue


Historical Data

* All numbers are in millions except for per share data and ratio. All numbers are in their own currency.

Tata Motors Ltd Annual Data

Mar07Mar08Mar09Mar10Mar11Mar12Mar13Mar14Mar15Mar16
DaysPayable 63.0065.77109.50108.4698.43110.96123.79137.47129.80138.91

Tata Motors Ltd Quarterly Data

Mar14Jun14Sep14Dec14Mar15Jun15Sep15Dec15Mar16Jun16
DaysPayable 0.000.00132.46112.830.000.00131.870.00123.720.00
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