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Tata Motors Ltd (NYSE:TTM)
Days Payable
124.83 (As of Sep. 2016)

Tata Motors Ltd's payable for the three months ended in Sep. 2016 was $8,279 Mil. Tata Motors Ltd's cost of goods sold for the three months ended in Sep. 2016 was $6,052 Mil. Hence, Tata Motors Ltd's days payable for the three months ended in Sep. 2016 was 124.83.

TTM' s Days Payable Range Over the Past 10 Years
Min: 63   Max: 138.91
Current: 118.97

63
138.91

During the past 13 years, Tata Motors Ltd's highest Days Payable was 138.91. The lowest was 63.00. And the median was 112.98.

TTM's Days Payable is ranked higher than
86% of the 944 Companies
in the Global Auto Manufacturers industry.

( Industry Median: 51.78 vs. TTM: 118.97 )

Tata Motors Ltd's days payable declined from Sep. 2015 (126.20) to Sep. 2016 (124.83). It may suggest that Tata Motors Ltd accelerated 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 Sep. 2016 is calculated as:

Days Payable=Payable/Cost of Goods Sold*Days in Period
=8279.09667865/6051.98774466*365 / 4
=124.83

* All numbers are in millions except for per share data and ratio. All numbers are in their local exchange's currency.


Related Terms

Revenue


Historical Data

* All numbers are in millions except for per share data and ratio. All numbers are in their local exchange's currency.

Tata Motors Ltd Annual Data

Mar07Mar08Mar09Mar10Mar11Mar12Mar13Mar14Mar15Mar16
DaysPayable 63.0065.77113.90104.95103.10112.05126.83137.47129.80138.91

Tata Motors Ltd Quarterly Data

Jun14Sep14Dec14Mar15Jun15Sep15Dec15Mar16Jun16Sep16
DaysPayable 0.00132.46112.830.000.00126.200.00123.720.00124.83
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