Lakshmi Precision Screws (BOM:506079) Days Payable: 195.35 (As of Mar. 2017)

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What is Lakshmi Precision Screws Days Payable?

Lakshmi Precision Screws BOM:506079 Days Payable is 195.35 as of Mar. 2017.

Lakshmi Precision Screws's average Accounts Payable for the six months ended in Mar. 2017 was ₹635 Mil. Lakshmi Precision Screws's Cost of Goods Sold for the six months ended in Mar. 2017 was ₹1,187 Mil. Hence, Lakshmi Precision Screws's Days Payable for the six months ended in Mar. 2017 was 97.67.

The historical rank and industry rank for Lakshmi Precision Screws's Days Payable or its related term are showing as below:

BOM:506079's Days Payable is not ranked *
in the Industrial Products industry.
Industry Median: 78.045
* Ranked among companies with meaningful Days Payable only.

Lakshmi Precision Screws's Days Payable increased from Mar. 2015 (140.11) to Mar. 2017 (195.35). It may suggest that Lakshmi Precision Screws delayed paying its suppliers.


Lakshmi Precision Screws Days Payable Historical Data

* Premium members only.

The historical data trend for Lakshmi Precision Screws'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.

Lakshmi Precision Screws Days Payable Chart

Lakshmi Precision Screws Annual Data
Trend Mar08 Mar09 Mar10 Mar11 Mar12 Mar13 Mar14 Mar15 Mar16 Mar17
Days Payable
Get a 7-Day Free Trial Premium Member Only Premium Member Only 158.31 123.45 140.11 162.23 195.35

Lakshmi Precision Screws Semi-Annual Data
Mar08 Mar09 Mar10 Mar11 Mar12 Mar13 Mar14 Mar15 Mar16 Mar17
Days Payable Get a 7-Day Free Trial Premium Member Only Premium Member Only 158.31 123.45 140.11 162.23 195.35

BOM:506079 vs TXHG, TBLT: Days Payable Comparison

For the Tools & Accessories subindustry, Lakshmi Precision Screws'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.


Lakshmi Precision Screws Days Payable vs Industrial Products Industry

For the Industrial Products industry and Industrials sector, Lakshmi Precision Screws's Days Payable distribution charts can be found below:

* The bar in red indicates where Lakshmi Precision Screws's Days Payable falls into.



Lakshmi Precision Screws 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.

Lakshmi Precision Screws's Days Payable for the fiscal year that ended in Mar. 2017 is calculated as

Days Payable (A: Mar. 2017 )
=Average Accounts Payable /Cost of Goods Sold*Days in Period
=( (Accounts Payable (A: Mar. 2016 ) + Accounts Payable (A: Mar. 2017 )) / count ) / Cost of Goods Sold (A: Mar. 2017 )*Days in Period
=( (724.998 + 545.097) / 2 ) / 1186.57*365
=635.0475 / 1186.57*365
=195.35

Lakshmi Precision Screws's Days Payable for the quarter that ended in Mar. 2017 is calculated as:

Days Payable (Q: Mar. 2017 )
=Average Accounts Payable / Cost of Goods Sold*Days in Period
=( (Accounts Payable (Q: Mar. 2016 ) + Accounts Payable (Q: Mar. 2017 )) / count ) / Cost of Goods Sold (Q: Mar. 2017 )*Days in Period
=( (724.998 + 545.097) / 2 ) / 1186.57*365 / 2
=635.0475 / 1186.57*365 / 2
=97.67

* 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.

Frequently Asked Questions Learn more about Days Payable →
What does a Days Payable of 195.35 mean?
Lakshmi Precision Screws (BOM:506079) has a Days Payable of 195.35 as of Mar. 2017. Days payable represents the average amount of days a company waits to pay its invoices from suppliers. View historical data on Lakshmi Precision Screws and its competitors.
Is Lakshmi Precision Screws' Days Payable too high?
Lakshmi Precision Screws' current Days Payable is 195.35. The Industrial Products industry median Days Payable is 78.05. Lakshmi Precision Screws' value of 195.35 is 150.3% above this industry median.
How does Lakshmi Precision Screws' Days Payable compare to TXHG and TBLT?
Lakshmi Precision Screws' Days Payable of 195.35 can be compared against companies in the Industrial Products industry. The industry median Days Payable is 78.05. Lakshmi Precision Screws' value of 195.35 is 150.3% above this benchmark. See the competitive comparison table and distribution chart on this page for a detailed peer-by-peer breakdown.
What is a good Days Payable for an Industrial Products company?
The median Days Payable among Industrial Products companies is 78.05, based on 2,994 companies in the industry. Companies in the top quartile (top 25%) have a Days Payable significantly above this median, while those in the bottom quartile fall well below. However, Days Payable should not be evaluated in isolation — investors should consider it alongside profitability, growth, and financial strength metrics. Lakshmi Precision Screws's current Days Payable of 195.35 is 150.3% above the industry median. Use the industry distribution chart on this page to see where any company falls relative to its peers.
What does a high Days Payable mean?
A high Days Payable can signal that a stock is expensive relative to its fundamentals. Days payable represents the average amount of days a company waits to pay its invoices from suppliers. View historical data on Lakshmi Precision Screws and its competitors. For the Industrial Products industry, the median Days Payable is 78.05 — values significantly above this may indicate overvaluation, while values below may suggest a bargain or underlying issues. Lakshmi Precision Screws's current Days Payable is 195.35. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is Lakshmi Precision Screws stock overvalued right now?
Lakshmi Precision Screws (BOM:506079) has a current Days Payable of 195.35. The current Days Payable is 195.35 and 150.3% above the Industrial Products industry median of 78.05. Investors should evaluate multiple metrics — including profitability, growth, and financial strength — before making a decision.
How is Days Payable calculated?
Days Payable is calculated from a company's financial statements. For Lakshmi Precision Screws (BOM:506079), the current Days Payable is 195.35 as of Mar. 2017. GuruFocus calculates this using data sourced from SEC filings and annual reports. See the calculation section and 30-year financial data on this page for the full breakdown.

Lakshmi Precision Screws Business Description

Address Hisar Road, 46/1, Mile Stone, Rohtak, HR, IND, 124001
Lakshmi Precision Screws Ltd is engaged in the business of manufacturing high-tensile fasteners. The product portfolio includes - Bolts and Screws, Pins, Nuts, Allen Key, Anchor Bush, Hammer, Wedges, Threaded road, Ball pins, Clevis pins, and many others. The company caters to the need of many sectors like Wind energy, Automotive, Defence, Electronic and communication, Construction, Agriculture, Tool and die, Oil and gas. The company's area of operation comprises four manufacturing units spread across an area of about 1,00,000 sqm.