Mohite Industries (BOM:532140) Days Payable : 18.15 (As of Sep. 2024)

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What is Mohite Industries Days Payable?

Mohite Industries's average Accounts Payable for the three months ended in Sep. 2024 was ₹68 Mil. Mohite Industries's Cost of Goods Sold for the three months ended in Sep. 2024 was ₹341 Mil. Hence, Mohite Industries's Days Payable for the three months ended in Sep. 2024 was 18.15.

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

BOM:532140' s Days Payable Range Over the Past 10 Years
Min: 10.71 Med: 24.1 Max: 62.15
Current: 15.3

During the past 13 years, Mohite Industries's highest Days Payable was 62.15. The lowest was 10.71. And the median was 24.10.

BOM:532140's Days Payable is ranked worse than
90.5% of 1021 companies
in the Manufacturing - Apparel & Accessories industry
Industry Median: 55.93 vs BOM:532140: 15.30

Mohite Industries's Days Payable declined from Sep. 2023 (21.88) to Sep. 2024 (18.15). It may suggest that Mohite Industries accelerated paying its suppliers.

Mohite Industries Days Payable Historical Data

The historical data trend for Mohite Industries'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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Mohite Industries Days Payable Chart

Mohite Industries Annual Data

Trend

Mar15

Mar16

Mar17

Mar18

Mar19

Mar20

Mar21

Mar22

Mar23

Mar24

Days Payable

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23.45

44.30

23.17

62.15

30.07

Mohite Industries Quarterly Data
	Dec19	Mar20	Jun20	Sep20	Dec20	Mar21	Jun21	Sep21	Dec21	Mar22	Jun22	Sep22	Dec22	Mar23	Jun23	Sep23	Dec23	Mar24	Jun24	Sep24
Days Payable	Get a 7-Day Free Trial															21.88	14.83	11.70	24.97	18.15

Competitive Comparison of Mohite Industries's Days Payable

For the Textile Manufacturing subindustry, Mohite Industries'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.

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

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

* The bar in red indicates where Mohite Industries's Days Payable falls into.

Mohite Industries 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.

Mohite Industries'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
=	( (81.224	+	70.006)	/	2 )	/	917.869	*	365
=	75.615					/	917.869	*	365
=	30.07

Mohite Industries's Days Payable for the quarter that ended in Sep. 2024 is calculated as:

	Days Payable (Q: Sep. 2024 )
=	Average Accounts Payable					/	Cost of Goods Sold	*	Days in Period
=	( (Accounts Payable (Q: Jun. 2024 )	+	Accounts Payable (Q: Sep. 2024 ))	/	count )	/	Cost of Goods Sold (Q: Sep. 2024 )	*	Days in Period
=	( (0	+	67.787)	/	1 )	/	340.755	*	365 / 4
=	67.787					/	340.755	*	365 / 4
=	18.15

Mohite Industries Days Payable Related Terms

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Mohite Industries Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Consumer Cyclical » Manufacturing - Apparel & Accessories » Mohite Industries Ltd (BOM:532140) » Definitions » Days Payable

Traded in Other Exchanges

N/A

Address

Parvati-Kunj, 250/B, Plot No. 1A, Nagala Park, Near Nagoba Mandir, Kolhapur, MH, IND, 416003

Website

https://mohite.com

Mohite Industries Ltd is engaged in manufacturing cotton yarn. The company has ventured into the manufacturing of gray knitted fabrics by installing various types of knitting machines. In addition, it is also involved in the business activity of generating hydroelectric power. The group generates a majority of revenue from textile manufacturing activity.

Mohite Industries Headlines

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