Mihika Industries (BOM:538895) Days Payable : 8.09 (As of Sep. 2024)

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What is Mihika Industries Days Payable?

Mihika Industries's average Accounts Payable for the three months ended in Sep. 2024 was ₹5.3 Mil. Mihika Industries's Cost of Goods Sold for the three months ended in Sep. 2024 was ₹59.7 Mil. Hence, Mihika Industries's Days Payable for the three months ended in Sep. 2024 was 8.09.

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

BOM:538895' s Days Payable Range Over the Past 10 Years
Min: 0 Med: 0 Max: 15.86
Current: 15.86

During the past 11 years, Mihika Industries's highest Days Payable was 15.86. The lowest was 0.00. And the median was 0.00.

BOM:538895's Days Payable is ranked worse than
89.91% of 1021 companies
in the Manufacturing - Apparel & Accessories industry
Industry Median: 55.93 vs BOM:538895: 15.86

Mihika Industries's Days Payable increased from Sep. 2023 (0.00) to Sep. 2024 (8.09). It may suggest that Mihika Industries delayed paying its suppliers.

Mihika Industries Days Payable Historical Data

The historical data trend for Mihika 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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Mihika Industries Days Payable Chart

Mihika Industries Annual Data

Trend

Mar15

Mar16

Mar17

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Mar20

Mar21

Mar22

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Mar24

Days Payable

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Mihika 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															-	-	-	-	8.09

Competitive Comparison of Mihika Industries's Days Payable

For the Textile Manufacturing subindustry, Mihika 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.

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

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

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

Mihika 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.

Mihika 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
=	( (0	+	0)	/	1 )	/	61.4	*	365
=	0					/	61.4	*	365
=	0.00

Mihika 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	+	5.296)	/	1 )	/	59.742	*	365 / 4
=	5.296					/	59.742	*	365 / 4
=	8.09

Mihika Industries Days Payable Related Terms

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Mihika Industries Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Consumer Cyclical » Manufacturing - Apparel & Accessories » Mihika Industries Ltd (BOM:538895) » Definitions » Days Payable

Traded in Other Exchanges

N/A

Address

Ashok Vatika Road, B-1810, Navratna Corporate Park, Ambli, Ahmedabad, GJ, IND, 380 058

Website

http://www.mihikaindustries.co.in

Mihika Industries Ltd is engaged in the trading of Agriculture goods and Commodity & Agri Materials. The Company operates only in one Business Segment: Agri Trading Business.

Mihika Industries Headlines

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