Mishtann Foods (BOM:539594) Days Payable : 1.17 (As of Mar. 2024)

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What is Mishtann Foods Days Payable?

Mishtann Foods's average Accounts Payable for the three months ended in Mar. 2024 was ₹25 Mil. Mishtann Foods's Cost of Goods Sold for the three months ended in Mar. 2024 was ₹1,958 Mil. Hence, Mishtann Foods's Days Payable for the three months ended in Mar. 2024 was 1.17.

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

BOM:539594' s Days Payable Range Over the Past 10 Years
Min: 0.75 Med: 2.05 Max: 252.31
Current: 1.42

During the past 10 years, Mishtann Foods's highest Days Payable was 252.31. The lowest was 0.75. And the median was 2.05.

BOM:539594's Days Payable is ranked worse than
99.61% of 1787 companies
in the Consumer Packaged Goods industry
Industry Median: 45.77 vs BOM:539594: 1.42

Mishtann Foods's Days Payable declined from Mar. 2023 (2.20) to Mar. 2024 (1.17). It may suggest that Mishtann Foods accelerated paying its suppliers.

Mishtann Foods Days Payable Historical Data

The historical data trend for Mishtann Foods'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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Mishtann Foods Days Payable Chart

Mishtann Foods Annual Data

Trend

Mar15

Mar16

Mar17

Mar18

Mar19

Mar20

Mar21

Mar22

Mar23

Mar24

Days Payable

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1.90

4.11

2.19

1.88

1.47

Mishtann Foods 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															2.20	1.75	1.36	1.33	1.17

Competitive Comparison of Mishtann Foods's Days Payable

For the Farm Products subindustry, Mishtann Foods'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.

Mishtann Foods's Days Payable Distribution in the Consumer Packaged Goods Industry

For the Consumer Packaged Goods industry and Consumer Defensive sector, Mishtann Foods's Days Payable distribution charts can be found below:

* The bar in red indicates where Mishtann Foods's Days Payable falls into.

Mishtann Foods 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.

Mishtann Foods'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
=	( (34.846	+	25.204)	/	2 )	/	7454.314	*	365
=	30.025					/	7454.314	*	365
=	1.47

Mishtann Foods'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	+	25.204)	/	1 )	/	1957.742	*	365 / 4
=	25.204					/	1957.742	*	365 / 4
=	1.17

Mishtann Foods Days Payable Related Terms

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Mishtann Foods (BOM:539594) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Consumer Defensive » Consumer Packaged Goods » Mishtann Foods Ltd (BOM:539594) » Definitions » Days Payable

Comparable Companies

Traded in Other Exchanges

N/A

Address

B-905, Science City Road, Empire Business Hub, Opp. Shakti Farm, Sola, Daskroi, Ahmedabad, GJ, IND, 380060

Website

https://www.mishtann.com

Mishtann Foods Ltd is engaged primarily in agri business. The business activities consist of manufacturing and processing rice and wheat. Its product offering includes Wheat, Toor Dal, and Basmati rice. The company generates all of its revenue from domestic sales. The company has one operating segment, dealing in Agriculture Business.

Mishtann Foods (BOM:539594) Headlines

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