Laxmi Organic Industries (BOM:543277) Days Payable : 108.90 (As of Dec. 2024)

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What is Laxmi Organic Industries Days Payable?

Laxmi Organic Industries's average Accounts Payable for the three months ended in Dec. 2024 was ₹6,276 Mil. Laxmi Organic Industries's Cost of Goods Sold for the three months ended in Dec. 2024 was ₹5,259 Mil. Hence, Laxmi Organic Industries's Days Payable for the three months ended in Dec. 2024 was 108.90.

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

BOM:543277' s Days Payable Range Over the Past 10 Years
Min: 72.77 Med: 108.25 Max: 123.29
Current: 109.5

During the past 7 years, Laxmi Organic Industries's highest Days Payable was 123.29. The lowest was 72.77. And the median was 108.25.

BOM:543277's Days Payable is ranked better than
80.66% of 1510 companies
in the Chemicals industry
Industry Median: 58.385 vs BOM:543277: 109.50

Laxmi Organic Industries's Days Payable increased from Dec. 2023 (85.78) to Dec. 2024 (108.90). It may suggest that Laxmi Organic Industries delayed paying its suppliers.

Laxmi Organic Industries Days Payable Historical Data

The historical data trend for Laxmi Organic 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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Laxmi Organic Industries Days Payable Chart

Laxmi Organic Industries Annual Data

Trend

Mar18

Mar19

Mar20

Mar21

Mar22

Mar23

Mar24

Days Payable

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108.25

123.29

92.48

112.75

113.01

Laxmi Organic Industries 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															85.78	123.52	150.19	115.75	108.90

Competitive Comparison of Laxmi Organic Industries's Days Payable

For the Specialty Chemicals subindustry, Laxmi Organic 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.

Laxmi Organic Industries's Days Payable Distribution in the Chemicals Industry

For the Chemicals industry and Basic Materials sector, Laxmi Organic Industries's Days Payable distribution charts can be found below:

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

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Laxmi Organic 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.

Laxmi Organic 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
=	( (4663.35	+	7621.25)	/	2 )	/	19838.23	*	365
=	6142.3					/	19838.23	*	365
=	113.01

Laxmi Organic Industries'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
=	( (6276.31	+	0)	/	1 )	/	5259.24	*	365 / 4
=	6276.31					/	5259.24	*	365 / 4
=	108.90

Laxmi Organic Industries Days Payable Related Terms

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Laxmi Organic Industries Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Basic Materials » Chemicals » Laxmi Organic Industries Ltd (BOM:543277) » Definitions » Days Payable

Comparable Companies

Traded in Other Exchanges

LXCHEM:India

Address

Chandermukhi Building, 2nd and 3rd Floor, Nariman Point, Mumbai, MH, IND, 400021

Website

https://www.laxmi.com

Laxmi Organic Industries Ltd is a specialty chemical manufacturer. Its operating divisions are chemical business and power generation. The company is predominantly engaged in specialty chemical manufacturing focused on two key segments: Acetyl Intermediates and Speciality Intermediates derivative products. Geographically, the company generates a majority of its revenue from India.

Laxmi Organic Industries Headlines

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