Veejay Lakshmi Engineering Works (BOM:522267) Days Payable : 9.56 (As of Dec. 2023)

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What is Veejay Lakshmi Engineering Works Days Payable?

Veejay Lakshmi Engineering Works's average Accounts Payable for the three months ended in Dec. 2023 was ₹16.9 Mil. Veejay Lakshmi Engineering Works's Cost of Goods Sold for the three months ended in Dec. 2023 was ₹161.1 Mil. Hence, Veejay Lakshmi Engineering Works's Days Payable for the three months ended in Dec. 2023 was 9.56.

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

BOM:522267' s Days Payable Range Over the Past 10 Years
Min: 5.79 Med: 33.82 Max: 65.65
Current: 5.79

During the past 13 years, Veejay Lakshmi Engineering Works's highest Days Payable was 65.65. The lowest was 5.79. And the median was 33.82.

BOM:522267's Days Payable is ranked worse than
97.36% of 1021 companies
in the Manufacturing - Apparel & Accessories industry
Industry Median: 56.44 vs BOM:522267: 5.79

Veejay Lakshmi Engineering Works's Days Payable increased from Dec. 2022 (0.96) to Dec. 2023 (9.56). It may suggest that Veejay Lakshmi Engineering Works delayed paying its suppliers.

Veejay Lakshmi Engineering Works Days Payable Historical Data

The historical data trend for Veejay Lakshmi Engineering Works'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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Veejay Lakshmi Engineering Works Days Payable Chart

Veejay Lakshmi Engineering Works Annual Data

Trend

Mar14

Mar15

Mar16

Mar17

Mar18

Mar19

Mar20

Mar21

Mar22

Mar23

Days Payable

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37.09

50.68

65.65

25.51

15.90

Veejay Lakshmi Engineering Works 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															0.96	10.12	6.45	7.91	9.56

Competitive Comparison of Veejay Lakshmi Engineering Works's Days Payable

For the Textile Manufacturing subindustry, Veejay Lakshmi Engineering Works'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.

Veejay Lakshmi Engineering Works's Days Payable Distribution in the Manufacturing - Apparel & Accessories Industry

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

* The bar in red indicates where Veejay Lakshmi Engineering Works's Days Payable falls into.

Veejay Lakshmi Engineering Works 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.

Veejay Lakshmi Engineering Works'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
=	( (37.985	+	10.313)	/	2 )	/	554.227	*	365
=	24.149					/	554.227	*	365
=	15.90

Veejay Lakshmi Engineering Works'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
=	( (16.884	+	0)	/	1 )	/	161.134	*	365 / 4
=	16.884					/	161.134	*	365 / 4
=	9.56

Veejay Lakshmi Engineering Works Days Payable Related Terms

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Veejay Lakshmi Engineering Works (BOM:522267) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Consumer Cyclical » Manufacturing - Apparel & Accessories » Veejay Lakshmi Engineering Works Ltd (BOM:522267) » Definitions » Days Payable

Traded in Other Exchanges

N/A

Address

Sengalipalayam, N.G.G.O. Colony Post, Coimbatore, TN, IND, 641022

Website

https://www.veejaylakshmi.com

Veejay Lakshmi Engineering Works Ltd is an Indian company that operates in the textile industry. The operating segment of the company includes Engineering and Textile. It generates maximum revenue from the Textile segment. The Textile Division is engaged in producing yarn and fabrics. Its Engineering Division is engaged in producing Two for One Twisters and Assembly Winders.

Veejay Lakshmi Engineering Works (BOM:522267) Headlines

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