Meyer Apparel (BOM:531613) Days Payable : 0.27 (As of Mar. 2024)

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What is Meyer Apparel Days Payable?

Meyer Apparel's average Accounts Payable for the three months ended in Mar. 2024 was ₹0.04 Mil. Meyer Apparel's Cost of Goods Sold for the three months ended in Mar. 2024 was ₹14.09 Mil. Hence, Meyer Apparel's Days Payable for the three months ended in Mar. 2024 was 0.27.

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

BOM:531613' s Days Payable Range Over the Past 10 Years
Min: 7.49 Med: 103.82 Max: 172.59
Current: 31.15

During the past 13 years, Meyer Apparel's highest Days Payable was 172.59. The lowest was 7.49. And the median was 103.82.

BOM:531613's Days Payable is ranked worse than
73.99% of 1019 companies
in the Manufacturing - Apparel & Accessories industry
Industry Median: 56.07 vs BOM:531613: 31.15

Meyer Apparel's Days Payable declined from Mar. 2023 (10.05) to Mar. 2024 (0.27). It may suggest that Meyer Apparel accelerated paying its suppliers.

Meyer Apparel Days Payable Historical Data

The historical data trend for Meyer Apparel'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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Meyer Apparel Days Payable Chart

Meyer Apparel Annual Data

Trend

Mar15

Mar16

Mar17

Mar18

Mar19

Mar20

Mar21

Mar22

Mar23

Mar24

Days Payable

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130.00

172.59

21.69

7.49

10.01

Meyer Apparel 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															10.05	18.88	127.55	77.01	0.27

Competitive Comparison of Meyer Apparel's Days Payable

For the Apparel Manufacturing subindustry, Meyer Apparel'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.

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

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

* The bar in red indicates where Meyer Apparel's Days Payable falls into.

Meyer Apparel 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.

Meyer Apparel'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
=	( (2.117	+	0.042)	/	2 )	/	39.382	*	365
=	1.0795					/	39.382	*	365
=	10.01

Meyer Apparel'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	+	0.042)	/	1 )	/	14.09	*	365 / 4
=	0.042					/	14.09	*	365 / 4
=	0.27

Meyer Apparel Days Payable Related Terms

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Meyer Apparel (BOM:531613) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Consumer Cyclical » Manufacturing - Apparel & Accessories » Meyer Apparel Ltd (BOM:531613) » Definitions » Days Payable

Comparable Companies

Traded in Other Exchanges

N/A

Address

No. 3 and 4, Mustil No. 19, Killa No. 5, Opposite Tata Consultancy N.H-8, Village Narsinghpur, Gurugram, HR, IND, 122004

Website

https://www.meyerapparel.com

Meyer Apparel Ltd engages in the manufacture and sale of readymade garments. The company provides formal dressing products, including suits; blue/white button-down shirts, ties, and black shoes and belts. It also offers normal wear, such as jeans, white T-shirts, sweaters, and sneakers, as well as jackets and trousers for men. In addition, the company offers accessories, such as leather wallets, watches, ties, and eyewear.

Meyer Apparel (BOM:531613) Headlines

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