Mirza International (BOM:526642) Days Payable : 108.27 (As of Dec. 2023)

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What is Mirza International Days Payable?

Mirza International's average Accounts Payable for the three months ended in Dec. 2023 was ₹921 Mil. Mirza International's Cost of Goods Sold for the three months ended in Dec. 2023 was ₹776 Mil. Hence, Mirza International's Days Payable for the three months ended in Dec. 2023 was 108.27.

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

BOM:526642' s Days Payable Range Over the Past 10 Years
Min: 34.59 Med: 49 Max: 206
Current: 206

During the past 13 years, Mirza International's highest Days Payable was 206.00. The lowest was 34.59. And the median was 49.00.

BOM:526642's Days Payable is ranked better than
91.7% of 1024 companies
in the Manufacturing - Apparel & Accessories industry
Industry Median: 56.345 vs BOM:526642: 206.00

Mirza International's Days Payable declined from Sep. 2022 (296.32) to Dec. 2023 (108.27). It may suggest that Mirza International accelerated paying its suppliers.

Mirza International Days Payable Historical Data

The historical data trend for Mirza International'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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Mirza International Days Payable Chart

Mirza International Annual Data

Trend

Mar14

Mar15

Mar16

Mar17

Mar18

Mar19

Mar20

Mar21

Mar22

Mar23

Days Payable

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46.12

45.85

63.62

48.16

96.90

Mirza International Quarterly Data
	Dec18	Mar19	Jun19	Sep19	Dec19	Mar20	Jun20	Sep20	Dec20	Mar21	Jun21	Sep21	Dec21	Mar22	Jun22	Sep22	Dec22	Mar23	Sep23	Dec23
Days Payable	Get a 7-Day Free Trial															296.32	436.26	93.88	60.94	108.27

Competitive Comparison of Mirza International's Days Payable

For the Footwear & Accessories subindustry, Mirza International'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.

Mirza International's Days Payable Distribution in the Manufacturing - Apparel & Accessories Industry

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

* The bar in red indicates where Mirza International's Days Payable falls into.

Mirza International 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.

Mirza International'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
=	( (1064.3	+	943.9)	/	2 )	/	3782.2	*	365
=	1004.1					/	3782.2	*	365
=	96.90

Mirza International'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
=	( (921.1	+	0)	/	1 )	/	776.282	*	365 / 4
=	921.1					/	776.282	*	365 / 4
=	108.27

Mirza International Days Payable Related Terms

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Mirza International (BOM:526642) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Consumer Cyclical » Manufacturing - Apparel & Accessories » Mirza International Ltd (BOM:526642) » Definitions » Days Payable

Comparable Companies

Traded in Other Exchanges

MIRZAINT:India

Address

A-7, Mathura Road, Mohan Co-operative Industrial Estate, New Delhi, IND, 110 044

Website

https://www.mirza.co.in

Mirza International Ltd is engaged in the manufacturing and marketing of leather footwear and finished leather. Its business segment includes the Export division and Domestic Division, where the majority is generated from Export. Geographically the company generates the majority of its revenue from the UK. Its brand includes Thomas Crick, Off the Hook London, and Oaktrak.

Mirza International (BOM:526642) Headlines

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