Minaxi Textiles (BOM:531456) Days Payable : 47.71 (As of Mar. 2024)

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What is Minaxi Textiles Days Payable?

Minaxi Textiles's average Accounts Payable for the three months ended in Mar. 2024 was ₹49.2 Mil. Minaxi Textiles's Cost of Goods Sold for the three months ended in Mar. 2024 was ₹94.1 Mil. Hence, Minaxi Textiles's Days Payable for the three months ended in Mar. 2024 was 47.71.

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

BOM:531456' s Days Payable Range Over the Past 10 Years
Min: 60.38 Med: 84.06 Max: 174.11
Current: 89.82

During the past 13 years, Minaxi Textiles's highest Days Payable was 174.11. The lowest was 60.38. And the median was 84.06.

BOM:531456's Days Payable is ranked better than
72.34% of 1016 companies
in the Manufacturing - Apparel & Accessories industry
Industry Median: 57.25 vs BOM:531456: 89.82

Minaxi Textiles's Days Payable declined from Mar. 2023 (110.66) to Mar. 2024 (47.71). It may suggest that Minaxi Textiles accelerated paying its suppliers.

Minaxi Textiles Days Payable Historical Data

The historical data trend for Minaxi Textiles'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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Minaxi Textiles Days Payable Chart

Minaxi Textiles Annual Data

Trend

Mar15

Mar16

Mar17

Mar18

Mar19

Mar20

Mar21

Mar22

Mar23

Mar24

Days Payable

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174.11

111.56

63.69

95.35

80.78

Minaxi Textiles 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															110.66	107.23	129.25	105.96	47.71

Competitive Comparison of Minaxi Textiles's Days Payable

For the Textile Manufacturing subindustry, Minaxi Textiles'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.

Minaxi Textiles's Days Payable Distribution in the Manufacturing - Apparel & Accessories Industry

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

* The bar in red indicates where Minaxi Textiles's Days Payable falls into.

Minaxi Textiles 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.

Minaxi Textiles'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
=	( (95.206	+	49.199)	/	2 )	/	326.244	*	365
=	72.2025					/	326.244	*	365
=	80.78

Minaxi Textiles'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	+	49.199)	/	1 )	/	94.1	*	365 / 4
=	49.199					/	94.1	*	365 / 4
=	47.71

Minaxi Textiles Days Payable Related Terms

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Minaxi Textiles (BOM:531456) Business Description

Industry

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

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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