Shiva Mills (BOM:540961) Days Payable

: 7.72 (As of Dec. 2023)

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Shiva Mills's average Accounts Payable for the three months ended in Dec. 2023 was ₹23 Mil. Shiva Mills's Cost of Goods Sold for the three months ended in Dec. 2023 was ₹275 Mil. Hence, Shiva Mills's Days Payable for the three months ended in Dec. 2023 was 7.72.

The historical rank and industry rank for Shiva Mills's Days Payable or its related term are showing as below:

BOM:540961' s Days Payable Range Over the Past 10 Years
Min: 10.11 Med: 28.62 Max: 38.95
Current: 15.67

During the past 8 years, Shiva Mills's highest Days Payable was 38.95. The lowest was 10.11. And the median was 28.62.

BOM:540961's Days Payable is ranked worse than
90.72% of 1024 companies
in the Manufacturing - Apparel & Accessories industry
Industry Median: 56.46 vs BOM:540961: 15.67

Shiva Mills's Days Payable declined from Dec. 2022 (23.34) to Dec. 2023 (7.72). It may suggest that Shiva Mills accelerated paying its suppliers.

Shiva Mills Days Payable Historical Data

The historical data trend for Shiva Mills'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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Shiva Mills Annual Data

Trend

Mar16

Mar17

Mar18

Mar19

Mar20

Mar21

Mar22

Mar23

Days Payable

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34.85

22.15

28.62

11.97

10.11

Shiva Mills 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															23.34	14.69	18.96	6.35	7.72

Competitive Comparison

For the Textile Manufacturing subindustry, Shiva Mills'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.

Shiva Mills Days Payable Distribution

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

* The bar in red indicates where Shiva Mills's Days Payable falls into.

Shiva Mills 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.

Shiva Mills'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
=	( (21.202	+	52.077)	/	2 )	/	1322.699	*	365
=	36.6395					/	1322.699	*	365
=	10.11

Shiva Mills'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
=	( (23.252	+	0)	/	1 )	/	274.725	*	365 / 4
=	23.252					/	274.725	*	365 / 4
=	7.72

Shiva Mills Days Payable Related Terms

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Shiva Mills (BOM:540961) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Consumer Cyclical » Manufacturing - Apparel & Accessories » Shiva Mills Ltd (BOM:540961) » Definitions » Days Payable

Traded in Other Exchanges

SHIVAMILLS:India

Address

249-A, Bye-Pass Road Mettupalayam Road, Coimbatore, TN, IND, 641043

Website

http://www.shivamills.com

Shiva Mills Ltd is a textile manufacturing company. Its products include cotton yarn, grey fabric, and others. The company operates into a single segment which is Textiles. The company sells its products in the Indian market as well as internationally, but the majority of its revenues are derived from India.

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