Dev Labtech Venture (BOM:543848) Days Payable : 10.92 (As of Mar. 2024)

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What is Dev Labtech Venture Days Payable?

Dev Labtech Venture's average Accounts Payable for the six months ended in Mar. 2024 was ₹10.8 Mil. Dev Labtech Venture's Cost of Goods Sold for the six months ended in Mar. 2024 was ₹180.3 Mil. Hence, Dev Labtech Venture's Days Payable for the six months ended in Mar. 2024 was 10.92.

The historical rank and industry rank for Dev Labtech Venture's Days Payable or its related term are showing as below:

BOM:543848' s Days Payable Range Over the Past 10 Years
Min: 13.8 Med: 67.52 Max: 125.85
Current: 15

During the past 5 years, Dev Labtech Venture's highest Days Payable was 125.85. The lowest was 13.80. And the median was 67.52.

BOM:543848's Days Payable is ranked worse than
88.62% of 1081 companies
in the Retail - Cyclical industry
Industry Median: 54.48 vs BOM:543848: 15.00

Dev Labtech Venture's Days Payable declined from Mar. 2023 (29.15) to Mar. 2024 (10.92). It may suggest that Dev Labtech Venture accelerated paying its suppliers.

Dev Labtech Venture Days Payable Historical Data

The historical data trend for Dev Labtech Venture'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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Dev Labtech Venture Days Payable Chart

Dev Labtech Venture Annual Data

Trend

Mar20

Mar21

Mar22

Mar23

Mar24

Days Payable

125.85

122.19

67.52

60.78

13.80

Dev Labtech Venture Semi-Annual Data
	Mar20	Mar21	Mar22	Sep22	Mar23	Sep23	Mar24
Days Payable	Get a 7-Day Free Trial			-	116.68	29.15	20.66	10.92

Competitive Comparison of Dev Labtech Venture's Days Payable

For the Luxury Goods subindustry, Dev Labtech Venture'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.

Dev Labtech Venture's Days Payable Distribution in the Retail - Cyclical Industry

For the Retail - Cyclical industry and Consumer Cyclical sector, Dev Labtech Venture's Days Payable distribution charts can be found below:

* The bar in red indicates where Dev Labtech Venture's Days Payable falls into.

Dev Labtech Venture 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.

Dev Labtech Venture'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
=	( (21.163	+	5.066)	/	2 )	/	346.812	*	365
=	13.1145					/	346.812	*	365
=	13.80

Dev Labtech Venture'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
=	( (16.522	+	5.066)	/	2 )	/	180.337	*	365 / 2
=	10.794					/	180.337	*	365 / 2
=	10.92

Dev Labtech Venture Days Payable Related Terms

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Dev Labtech Venture (BOM:543848) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Consumer Cyclical » Retail - Cyclical » Dev Labtech Venture Ltd (BOM:543848) » Definitions » Days Payable

Traded in Other Exchanges

N/A

Address

Dairy Road, Near Nilambaug Circle, GF/22-23, Pattani Plaza, Bhavnagar, GJ, IND, 364002

Website

https://www.devlabtechventure.com

Dev Labtech Venture Ltd is engaged in the business of manufacturing, marketing and sourcing of diamonds: Natural and Lab grown having wide application in Jewelry. It operates in both domestic and export markets. It exports its products to United States and Hong Kong.

Dev Labtech Venture (BOM:543848) Headlines

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