L.G.Balakrishnan & Bros (NSE:LGBBROSLTD) Days Payable : 81.15 (As of Sep. 2024)

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What is L.G.Balakrishnan & Bros Days Payable?

L.G.Balakrishnan & Bros's average Accounts Payable for the three months ended in Sep. 2024 was ₹2,650 Mil. L.G.Balakrishnan & Bros's Cost of Goods Sold for the three months ended in Sep. 2024 was ₹2,980 Mil. Hence, L.G.Balakrishnan & Bros's Days Payable for the three months ended in Sep. 2024 was 81.15.

The historical rank and industry rank for L.G.Balakrishnan & Bros's Days Payable or its related term are showing as below:

NSE:LGBBROSLTD' s Days Payable Range Over the Past 10 Years
Min: 69.85 Med: 109.88 Max: 125.72
Current: 76.75

During the past 13 years, L.G.Balakrishnan & Bros's highest Days Payable was 125.72. The lowest was 69.85. And the median was 109.88.

NSE:LGBBROSLTD's Days Payable is ranked better than
60.41% of 1278 companies
in the Vehicles & Parts industry
Industry Median: 65.905 vs NSE:LGBBROSLTD: 76.75

L.G.Balakrishnan & Bros's Days Payable declined from Sep. 2023 (81.37) to Sep. 2024 (81.15). It may suggest that L.G.Balakrishnan & Bros accelerated paying its suppliers.

L.G.Balakrishnan & Bros Days Payable Historical Data

The historical data trend for L.G.Balakrishnan & Bros'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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L.G.Balakrishnan & Bros Days Payable Chart

L.G.Balakrishnan & Bros Annual Data

Trend

Mar15

Mar16

Mar17

Mar18

Mar19

Mar20

Mar21

Mar22

Mar23

Mar24

Days Payable

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113.34

110.37

90.42

75.87

69.85

L.G.Balakrishnan & Bros Quarterly Data
	Dec19	Mar20	Jun20	Sep20	Dec20	Mar21	Jun21	Sep21	Dec21	Mar22	Jun22	Sep22	Dec22	Mar23	Jun23	Sep23	Dec23	Mar24	Jun24	Sep24
Days Payable	Get a 7-Day Free Trial															81.37	84.24	56.37	98.27	81.15

Competitive Comparison of L.G.Balakrishnan & Bros's Days Payable

For the Auto Parts subindustry, L.G.Balakrishnan & Bros'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.

L.G.Balakrishnan & Bros's Days Payable Distribution in the Vehicles & Parts Industry

For the Vehicles & Parts industry and Consumer Cyclical sector, L.G.Balakrishnan & Bros's Days Payable distribution charts can be found below:

* The bar in red indicates where L.G.Balakrishnan & Bros's Days Payable falls into.

L.G.Balakrishnan & Bros 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.

L.G.Balakrishnan & Bros'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
=	( (2097.197	+	2581.377)	/	2 )	/	12223.842	*	365
=	2339.287					/	12223.842	*	365
=	69.85

L.G.Balakrishnan & Bros's Days Payable for the quarter that ended in Sep. 2024 is calculated as:

	Days Payable (Q: Sep. 2024 )
=	Average Accounts Payable					/	Cost of Goods Sold	*	Days in Period
=	( (Accounts Payable (Q: Jun. 2024 )	+	Accounts Payable (Q: Sep. 2024 ))	/	count )	/	Cost of Goods Sold (Q: Sep. 2024 )	*	Days in Period
=	( (0	+	2649.749)	/	1 )	/	2979.589	*	365 / 4
=	2649.749					/	2979.589	*	365 / 4
=	81.15

L.G.Balakrishnan & Bros Days Payable Related Terms

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L.G.Balakrishnan & Bros Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Consumer Cyclical » Vehicles & Parts » L.G.Balakrishnan & Bros Ltd (NSE:LGBBROSLTD) » Definitions » Days Payable

Comparable Companies

Traded in Other Exchanges

500250:India

Address

6/16/13, Krishnarayapuram Road, Ganapathy Post, Coimbatore, TN, IND, 641006

Website

https://www.lgb.co.in

L.G.Balakrishnan & Bros Ltd is an India based company engaged in the manufacturing of automotive chains, sprockets, and metal-formed parts. It manufactures its products under the Rolon brand. The business segments of the company include Transmission and Metal forming. The transmission products of the company are chains, sprockets, tensioners, belts, and brake shoes. The metal forming products consist of fine blanking for precision sheet metal parts, machined components, and wire drawing products. Geographically, the business presence of the group is seen in both India which is its key revenue generating market, and international markets. The company generates a majority of its revenue from the Transmission segment.

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