Tanvi Foods (India) (BOM:540332) Days Payable : 23.60 (As of Mar. 2024)

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What is Tanvi Foods (India) Days Payable?

Tanvi Foods (India)'s average Accounts Payable for the six months ended in Mar. 2024 was ₹48.8 Mil. Tanvi Foods (India)'s Cost of Goods Sold for the six months ended in Mar. 2024 was ₹377.4 Mil. Hence, Tanvi Foods (India)'s Days Payable for the six months ended in Mar. 2024 was 23.60.

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

BOM:540332' s Days Payable Range Over the Past 10 Years
Min: 8.48 Med: 11.93 Max: 22.67
Current: 22.67

During the past 9 years, Tanvi Foods (India)'s highest Days Payable was 22.67. The lowest was 8.48. And the median was 11.93.

BOM:540332's Days Payable is ranked worse than
82.92% of 1792 companies
in the Consumer Packaged Goods industry
Industry Median: 46.105 vs BOM:540332: 22.67

Tanvi Foods (India)'s Days Payable increased from Mar. 2023 (16.61) to Mar. 2024 (23.60). It may suggest that Tanvi Foods (India) delayed paying its suppliers.

Tanvi Foods (India) Days Payable Historical Data

The historical data trend for Tanvi Foods (India)'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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Tanvi Foods (India) Days Payable Chart

Tanvi Foods (India) Annual Data

Trend

Mar16

Mar17

Mar18

Mar19

Mar20

Mar21

Mar22

Mar23

Mar24

Days Payable

Get a 7-Day Free Trial

11.93

21.40

15.95

17.40

21.72

Tanvi Foods (India) Semi-Annual Data
	Mar16	Sep16	Mar17	Sep17	Mar18	Sep18	Mar19	Sep19	Mar20	Sep20	Mar21	Sep21	Mar22	Sep22	Mar23	Sep23	Mar24
Days Payable	Get a 7-Day Free Trial												15.80	16.89	16.61	22.66	23.60

Competitive Comparison of Tanvi Foods (India)'s Days Payable

For the Packaged Foods subindustry, Tanvi Foods (India)'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.

Tanvi Foods (India)'s Days Payable Distribution in the Consumer Packaged Goods Industry

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

* The bar in red indicates where Tanvi Foods (India)'s Days Payable falls into.

Tanvi Foods (India) 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.

Tanvi Foods (India)'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
=	( (37.72	+	48.708)	/	2 )	/	726.109	*	365
=	43.214					/	726.109	*	365
=	21.72

Tanvi Foods (India)'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: Sep. 2023 )	+	Accounts Payable (Q: Mar. 2024 ))	/	count )	/	Cost of Goods Sold (Q: Mar. 2024 )	*	Days in Period
=	( (48.895	+	48.708)	/	2 )	/	377.379	*	365 / 2
=	48.8015					/	377.379	*	365 / 2
=	23.60

Tanvi Foods (India) Days Payable Related Terms

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Tanvi Foods (India) (BOM:540332) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Consumer Defensive » Consumer Packaged Goods » Tanvi Foods (India) Ltd (BOM:540332) » Definitions » Days Payable

Comparable Companies

Traded in Other Exchanges

N/A

Address

Flat No. 101, Alekhya Homes Temple Tree, Raghavendra Colony, Kondapur, Hyderabad, TG, IND, 500084

Website

https://www.tanvifoods.com

Tanvi Foods (India) Ltd is an India-based company engaged in the trading, distribution, and processing of food. The company processes corn samosa, Onion Samosa, Paneer Samosa, Irani Samosa corn spring rolls, corn patties, corn soups, and repacks of fresh corn, frozen green peas, and other items. It earns maximum revenue from the sale of packaged food, especially frozen products, to caterers and modern trade customers.

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