Mini Diamonds (India) (BOM:523373) Days Payable : 168.40 (As of Mar. 2024)

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What is Mini Diamonds (India) Days Payable?

Mini Diamonds (India)'s average Accounts Payable for the three months ended in Mar. 2024 was ₹1,496 Mil. Mini Diamonds (India)'s Cost of Goods Sold for the three months ended in Mar. 2024 was ₹811 Mil. Hence, Mini Diamonds (India)'s Days Payable for the three months ended in Mar. 2024 was 168.40.

The historical rank and industry rank for Mini Diamonds (India)'s Days Payable or its related term are showing as below:

BOM:523373' s Days Payable Range Over the Past 10 Years
Min: 150.01 Med: 225.47 Max: 763.87
Current: 177.34

During the past 13 years, Mini Diamonds (India)'s highest Days Payable was 763.87. The lowest was 150.01. And the median was 225.47.

BOM:523373's Days Payable is ranked better than
89.36% of 1081 companies
in the Retail - Cyclical industry
Industry Median: 54.48 vs BOM:523373: 177.34

Mini Diamonds (India)'s Days Payable declined from Mar. 2023 (168.92) to Mar. 2024 (168.40). It may suggest that Mini Diamonds (India) accelerated paying its suppliers.

Mini Diamonds (India) Days Payable Historical Data

The historical data trend for Mini Diamonds (India)'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.

* Premium members only.

Mini Diamonds (India) Days Payable Chart

Mini Diamonds (India) Annual Data

Trend

Mar15

Mar16

Mar17

Mar18

Mar19

Mar20

Mar21

Mar22

Mar23

Mar24

Days Payable

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381.13

763.87

242.50

199.91

191.29

Mini Diamonds (India) Quarterly Data
	Jun19	Sep19	Dec19	Mar20	Jun20	Sep20	Dec20	Mar21	Jun21	Sep21	Dec21	Mar22	Jun22	Sep22	Dec22	Mar23	Jun23	Sep23	Dec23	Mar24
Days Payable	Get a 7-Day Free Trial															168.92	383.44	142.11	126.15	168.40

Competitive Comparison of Mini Diamonds (India)'s Days Payable

For the Luxury Goods subindustry, Mini Diamonds (India)'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.

Mini Diamonds (India)'s Days Payable Distribution in the Retail - Cyclical Industry

For the Retail - Cyclical industry and Consumer Cyclical sector, Mini Diamonds (India)'s Days Payable distribution charts can be found below:

* The bar in red indicates where Mini Diamonds (India)'s Days Payable falls into.

Mini Diamonds (India) 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.

Mini Diamonds (India)'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
=	( (991.737	+	1496.328)	/	2 )	/	2373.722	*	365
=	1244.0325					/	2373.722	*	365
=	191.29

Mini Diamonds (India)'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: Dec. 2023 )	+	Accounts Payable (Q: Mar. 2024 ))	/	count )	/	Cost of Goods Sold (Q: Mar. 2024 )	*	Days in Period
=	( (0	+	1496.328)	/	1 )	/	810.79	*	365 / 4
=	1496.328					/	810.79	*	365 / 4
=	168.40

Mini Diamonds (India) Days Payable Related Terms

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Mini Diamonds (India) (BOM:523373) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Consumer Cyclical » Retail - Cyclical » Mini Diamonds (India) Ltd (BOM:523373) » Definitions » Days Payable

Traded in Other Exchanges

N/A

Address

DW-9020, Bharat Diamond Bourse, Bandra Kurla Complex, Bandra East, Mumbai, MH, IND, 400051

Website

https://www.minidiamonds.net

Mini Diamonds (India) Ltd is an India-based company engaged in Diamonds Trading and Manufacturing. The diamonds provided by the company include Cut and Polished Diamonds with all modern machinery like Sarin Technology, Auto Bruting Machines, Semi Automatic Polishing Mills, Sawing Machines, etc. It operates in one segment which is Jewellery manufacturing.

Mini Diamonds (India) (BOM:523373) Headlines

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