Nivaka Fashions (BOM:542206) Days Payable : 2,458.50 (As of Dec. 2024)

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What is Nivaka Fashions Days Payable?

Nivaka Fashions's average Accounts Payable for the three months ended in Dec. 2024 was ₹8.43 Mil. Nivaka Fashions's Cost of Goods Sold for the three months ended in Dec. 2024 was ₹0.31 Mil. Hence, Nivaka Fashions's Days Payable for the three months ended in Dec. 2024 was 2,458.50.

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

BOM:542206' s Days Payable Range Over the Past 10 Years
Min: 121.48 Med: 292.62 Max: 3177.92
Current: 1247.33

During the past 13 years, Nivaka Fashions's highest Days Payable was 3177.92. The lowest was 121.48. And the median was 292.62.

BOM:542206's Days Payable is ranked better than
98.33% of 1017 companies
in the Manufacturing - Apparel & Accessories industry
Industry Median: 54.64 vs BOM:542206: 1247.33

Nivaka Fashions's Days Payable increased from Dec. 2023 (0.00) to Dec. 2024 (2,458.50). It may suggest that Nivaka Fashions delayed paying its suppliers.

Nivaka Fashions Days Payable Historical Data

The historical data trend for Nivaka Fashions'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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Nivaka Fashions Days Payable Chart

Nivaka Fashions Annual Data

Trend

Mar15

Mar16

Mar17

Mar18

Mar19

Mar20

Mar21

Mar22

Mar23

Mar24

Days Payable

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247.79

409.59

1,076.43

3,177.92

2,217.94

Nivaka Fashions 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															-	4,371.31	3,485.98	506.26	2,458.50

Competitive Comparison of Nivaka Fashions's Days Payable

For the Apparel Manufacturing subindustry, Nivaka Fashions'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.

Nivaka Fashions's Days Payable Distribution in the Manufacturing - Apparel & Accessories Industry

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

* The bar in red indicates where Nivaka Fashions's Days Payable falls into.

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Nivaka Fashions 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.

Nivaka Fashions'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
=	( (21.588	+	6.036)	/	2 )	/	2.273	*	365
=	13.812					/	2.273	*	365
=	2,217.94

Nivaka Fashions'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
=	( (8.433	+	0)	/	1 )	/	0.313	*	365 / 4
=	8.433					/	0.313	*	365 / 4
=	2,458.50

Nivaka Fashions Days Payable Related Terms

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Nivaka Fashions Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Consumer Cyclical » Manufacturing - Apparel & Accessories » Nivaka Fashions Ltd (BOM:542206) » Definitions » Days Payable

Comparable Companies

Traded in Other Exchanges

N/A

Address

Mankoli Road, Harihar Corporation, A-12, Gala No. 10/11, Dapoda, Bhiwandi, Thane, MH, IND, 421302

Website

https://www.ninecolours.com

Nivaka Fashions Ltd is an Indian company engaged in retailing Indian ethnic wear through omni channels like offline retail stores and online e-commerce websites. The company owns the brand 'Ninecolours'. The company manufactures certain products in its own brand in the name of 'Ninecolours West', 'Nine colours Quirk' and 'Ninecolours Luxe'. The company offers products like sarees, lehengas, kurtis, suits and gowns for women; kurtas, sherwanis, jackets and kurta pyjamas for men and ethnic wear collections for children. The company also offers a range of jewellery and Home decors products like Bed sheets, Table tops, Wall art and Dewan sets. The company generates the majority of its revenue from the sale of products.

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