Minaxi Textiles (BOM:531456) Accounts Payable & Accrued Expense : ₹49.2 Mil (As of Mar. 2024)

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What is Minaxi Textiles Accounts Payable & Accrued Expense?

Minaxi Textiles's quarterly accounts payable & accrued expense declined from Sep. 2023 (₹96.4 Mil) to Dec. 2023 (₹0.0 Mil) but then increased from Dec. 2023 (₹0.0 Mil) to Mar. 2024 (₹49.2 Mil).

Minaxi Textiles's annual accounts payable & accrued expense increased from Mar. 2022 (₹65.1 Mil) to Mar. 2023 (₹95.3 Mil) but then declined from Mar. 2023 (₹95.3 Mil) to Mar. 2024 (₹49.2 Mil).

Minaxi Textiles Accounts Payable & Accrued Expense Historical Data

The historical data trend for Minaxi Textiles's Accounts Payable & Accrued Expense 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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Minaxi Textiles Accounts Payable & Accrued Expense Chart

Minaxi Textiles Annual Data

Trend

Mar15

Mar16

Mar17

Mar18

Mar19

Mar20

Mar21

Mar22

Mar23

Mar24

Accounts Payable & Accrued Expense

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41.63

35.95

65.09

95.29

49.20

Minaxi Textiles Quarterly Data
	Jun19	Sep19	Dec19	Mar20	Jun20	Sep20	Dec20	Mar21	Jun21	Sep21	Dec21	Mar22	Jun22	Sep22	Dec22	Mar23	Jun23	Sep23	Dec23	Mar24
Accounts Payable & Accrued Expense	Get a 7-Day Free Trial															95.29	-	96.43	-	49.20

Minaxi Textiles Accounts Payable & Accrued Expense Calculation

Accounts payable & accrued expense usually includes accounts payable, accrued compensation and related benefits, etc.

Accounts payable is money owed by a business to its suppliers shown as a liability on a company's balance sheet. It is distinct from notes payable liabilities, which are debts created by formal legal instrument documents.

It is part of the current portion of the liabilities (due within one year or within the normal operating cycle if longer) reflected on the balace sheet of the company. A higher Accounts Payable means lower Working Capital needed to operate the business.

Minaxi Textiles (BOM:531456) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Consumer Cyclical » Manufacturing - Apparel & Accessories » Minaxi Textiles Ltd (BOM:531456) » Definitions » Accounts Payable & Accrued Expense

Traded in Other Exchanges

N/A

Address

Plot Number 3311, GIDC, Phase-IV, Chhatral, Taluka-Kalol, Gandhinagar, GJ, IND, 382729

Website

https://www.minaxitextiles.com

Minaxi Textiles Ltd is an integrated textile solutions enterprise. The company is engaged in weaving and manufacturing of cotton and cotton mixture fabrics. In addition, the company supplies uniforms to government and semi-government departments. The company deals in suiting products having a specialty in fancy suiting fabrics. Its products include suiting lycra fabric, cotton quilts, broken twill fabric, and satin fabric.

Minaxi Textiles (BOM:531456) Headlines

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