Garment Mantra Lifestyle (BOM:539216) Days Payable : 100.32 (As of Dec. 2024)

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What is Garment Mantra Lifestyle Days Payable?

Garment Mantra Lifestyle's average Accounts Payable for the three months ended in Dec. 2024 was ₹199 Mil. Garment Mantra Lifestyle's Cost of Goods Sold for the three months ended in Dec. 2024 was ₹181 Mil. Hence, Garment Mantra Lifestyle's Days Payable for the three months ended in Dec. 2024 was 100.32.

The historical rank and industry rank for Garment Mantra Lifestyle's Days Payable or its related term are showing as below:

BOM:539216' s Days Payable Range Over the Past 10 Years
Min: 39.1 Med: 51.63 Max: 120.27
Current: 52.55

During the past 10 years, Garment Mantra Lifestyle's highest Days Payable was 120.27. The lowest was 39.10. And the median was 51.63.

BOM:539216's Days Payable is ranked worse than
51.34% of 1011 companies
in the Manufacturing - Apparel & Accessories industry
Industry Median: 53.84 vs BOM:539216: 52.55

Garment Mantra Lifestyle's Days Payable increased from Dec. 2023 (48.71) to Dec. 2024 (100.32). It may suggest that Garment Mantra Lifestyle delayed paying its suppliers.

Garment Mantra Lifestyle Days Payable Historical Data

The historical data trend for Garment Mantra Lifestyle'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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Garment Mantra Lifestyle Days Payable Chart

Garment Mantra Lifestyle Annual Data

Trend

Mar15

Mar16

Mar17

Mar18

Mar19

Mar20

Mar21

Mar22

Mar23

Mar24

Days Payable

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105.23

63.57

39.10

43.08

55.79

Garment Mantra Lifestyle Quarterly Data
	Mar20	Jun20	Sep20	Dec20	Mar21	Jun21	Sep21	Dec21	Mar22	Jun22	Sep22	Dec22	Mar23	Jun23	Sep23	Dec23	Mar24	Jun24	Sep24	Dec24
Days Payable	Get a 7-Day Free Trial															48.71	39.04	75.15	61.63	100.32

Competitive Comparison of Garment Mantra Lifestyle's Days Payable

For the Apparel Manufacturing subindustry, Garment Mantra Lifestyle'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.

Garment Mantra Lifestyle's Days Payable Distribution in the Manufacturing - Apparel & Accessories Industry

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

* The bar in red indicates where Garment Mantra Lifestyle's Days Payable falls into.

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Garment Mantra Lifestyle 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.

Garment Mantra Lifestyle'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
=	( (174.019	+	278.829)	/	2 )	/	1481.265	*	365
=	226.424					/	1481.265	*	365
=	55.79

Garment Mantra Lifestyle's Days Payable for the quarter that ended in Dec. 2024 is calculated as:

	Days Payable (Q: Dec. 2024 )
=	Average Accounts Payable					/	Cost of Goods Sold	*	Days in Period
=	( (Accounts Payable (Q: Sep. 2024 )	+	Accounts Payable (Q: Dec. 2024 ))	/	count )	/	Cost of Goods Sold (Q: Dec. 2024 )	*	Days in Period
=	( (199.273	+	0)	/	1 )	/	181.262	*	365 / 4
=	199.273					/	181.262	*	365 / 4
=	100.32

Garment Mantra Lifestyle Days Payable Related Terms

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Garment Mantra Lifestyle Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Consumer Cyclical » Manufacturing - Apparel & Accessories » Garment Mantra Lifestyle Ltd (BOM:539216) » Definitions » Days Payable

Comparable Companies

Traded in Other Exchanges

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Address

Karia Gounder Street, No. 15, Murthy’s Plaza, Khaderpet, Tirupur, TN, IND, 641601

Website

https://www.garmentmantra.com

Garment Mantra Lifestlye Ltd is engaged in the business of garment manufacturing and selling of knitted fabric and garments. Geographically, it derives a majority of its revenue from the Domestic market. The products are manufactured for kids, men's, and women's wear. Some of its products are Polo T-shirts, Round Neck T-shirts, Sweatshirts, Nightwear, Leggings, Yoga wear, Girl's Sleepwear, and others.

Garment Mantra Lifestyle Headlines

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