Manoj Vaibhav Gems N Jewellers (BOM:543995) Days Payable : 13.44 (As of Mar. 2024)

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What is Manoj Vaibhav Gems N Jewellers Days Payable?

Manoj Vaibhav Gems N Jewellers's average Accounts Payable for the six months ended in Mar. 2024 was ₹688 Mil. Manoj Vaibhav Gems N Jewellers's Cost of Goods Sold for the six months ended in Mar. 2024 was ₹18,689 Mil. Hence, Manoj Vaibhav Gems N Jewellers's Days Payable for the six months ended in Mar. 2024 was 6.72.

The historical rank and industry rank for Manoj Vaibhav Gems N Jewellers's Days Payable or its related term are showing as below:

BOM:543995' s Days Payable Range Over the Past 10 Years
Min: 13.11 Med: 18.11 Max: 33.76
Current: 13.44

During the past 5 years, Manoj Vaibhav Gems N Jewellers's highest Days Payable was 33.76. The lowest was 13.11. And the median was 18.11.

BOM:543995's Days Payable is ranked worse than
89.92% of 1081 companies
in the Retail - Cyclical industry
Industry Median: 54.93 vs BOM:543995: 13.44

Manoj Vaibhav Gems N Jewellers's Days Payable declined from Mar. 2022 (18.11) to Mar. 2024 (13.44). It may suggest that Manoj Vaibhav Gems N Jewellers accelerated paying its suppliers.

Manoj Vaibhav Gems N Jewellers Days Payable Historical Data

The historical data trend for Manoj Vaibhav Gems N Jewellers'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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Manoj Vaibhav Gems N Jewellers Days Payable Chart

Manoj Vaibhav Gems N Jewellers Annual Data

Trend

Mar20

Mar21

Mar22

Mar23

Mar24

Days Payable

33.76

22.85

18.11

13.11

13.44

Manoj Vaibhav Gems N Jewellers Semi-Annual Data
	Mar20	Mar21	Mar22	Mar23	Mar24
Days Payable	33.76	22.85	18.11	13.11	13.44

Competitive Comparison of Manoj Vaibhav Gems N Jewellers's Days Payable

For the Luxury Goods subindustry, Manoj Vaibhav Gems N Jewellers'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.

Manoj Vaibhav Gems N Jewellers's Days Payable Distribution in the Retail - Cyclical Industry

For the Retail - Cyclical industry and Consumer Cyclical sector, Manoj Vaibhav Gems N Jewellers's Days Payable distribution charts can be found below:

* The bar in red indicates where Manoj Vaibhav Gems N Jewellers's Days Payable falls into.

Manoj Vaibhav Gems N Jewellers 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.

Manoj Vaibhav Gems N Jewellers's Days Payable for the fiscal year that ended in Mar. 2024 is calculated as

	Days Payable (A: Mar. 2024 )
=	Average Accounts Payable					/	Cost of Goods Sold	*	Days in Period
=	( (Accounts Payable (A: Mar. 2023 )	+	Accounts Payable (A: Mar. 2024 ))	/	count )	/	Cost of Goods Sold (A: Mar. 2024 )	*	Days in Period
=	( (380.45	+	996.27)	/	2 )	/	18688.58	*	365
=	688.36					/	18688.58	*	365
=	13.44

Manoj Vaibhav Gems N Jewellers's Days Payable for the quarter that ended in Mar. 2024 is calculated as:

	Days Payable (Q: Mar. 2024 )
=	Average Accounts Payable					/	Cost of Goods Sold	*	Days in Period
=	( (Accounts Payable (Q: Mar. 2023 )	+	Accounts Payable (Q: Mar. 2024 ))	/	count )	/	Cost of Goods Sold (Q: Mar. 2024 )	*	Days in Period
=	( (380.45	+	996.27)	/	2 )	/	18688.58	*	365 / 2
=	688.36					/	18688.58	*	365 / 2
=	6.72

Manoj Vaibhav Gems N Jewellers Days Payable Related Terms

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Manoj Vaibhav Gems N Jewellers (BOM:543995) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Consumer Cyclical » Retail - Cyclical » Manoj Vaibhav Gems N Jewellers Ltd (BOM:543995) » Definitions » Days Payable

Traded in Other Exchanges

MVGJL:India

Address

D. No:- 47-10-19, 2nd Lane, Dwarakanagar, Visakhapatnam, AP, IND, 530016

Website

https://www.vaibhavjewellers.com

Manoj Vaibhav Gems N Jewellers Ltd is a leading regional jewellery brand in South India led by a first-generation woman entrepreneur. It is a hyperlocal jewellery retail chain with a presence in the micro markets of Andhra Pradesh & Telangana with 13 showrooms (inclusive of two franchisee showrooms) across 8 towns and 2 cities. It caters to all economic segments of the micro markets of Andhra Pradesh and Telangana through its dedicated branded showrooms and has a strong rural market focus and a dedicated urban focus also. The company positioned itself as a retailer focussed on Relationships, by Design where it focuses on offering designs, high quality, transparency and customer service to its customers.

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