Laxmi Goldorna House (NSE:LGHL) Days Payable : 26.15 (As of Sep. 2024)

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What is Laxmi Goldorna House Days Payable?

Laxmi Goldorna House's average Accounts Payable for the three months ended in Sep. 2024 was ₹39 Mil. Laxmi Goldorna House's Cost of Goods Sold for the three months ended in Sep. 2024 was ₹137 Mil. Hence, Laxmi Goldorna House's Days Payable for the three months ended in Sep. 2024 was 26.15.

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

NSE:LGHL' s Days Payable Range Over the Past 10 Years
Min: 5.1 Med: 5.45 Max: 9.76
Current: 9.76

During the past 8 years, Laxmi Goldorna House's highest Days Payable was 9.76. The lowest was 5.10. And the median was 5.45.

NSE:LGHL's Days Payable is ranked worse than
92.28% of 1088 companies
in the Retail - Cyclical industry
Industry Median: 54.98 vs NSE:LGHL: 9.76

Laxmi Goldorna House's Days Payable increased from Sep. 2023 (0.00) to Sep. 2024 (26.15). It may suggest that Laxmi Goldorna House delayed paying its suppliers.

Laxmi Goldorna House Days Payable Historical Data

The historical data trend for Laxmi Goldorna House'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 Goldorna House Days Payable Chart

Laxmi Goldorna House Annual Data

Trend

Mar17

Mar18

Mar19

Mar20

Mar21

Mar22

Mar23

Mar24

Days Payable

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5.10

5.45

9.56

Laxmi Goldorna House Quarterly Data
	Mar17	Mar18	Mar19	Sep19	Mar20	Mar21	Mar22	Dec22	Mar23	Jun23	Sep23	Dec23	Mar24	Jun24	Sep24
Days Payable	Get a 7-Day Free Trial										-	-	3.71	35.85	26.15

Competitive Comparison of Laxmi Goldorna House's Days Payable

For the Luxury Goods subindustry, Laxmi Goldorna House'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 Goldorna House's Days Payable Distribution in the Retail - Cyclical Industry

For the Retail - Cyclical industry and Consumer Cyclical sector, Laxmi Goldorna House's Days Payable distribution charts can be found below:

* The bar in red indicates where Laxmi Goldorna House's Days Payable falls into.

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Laxmi Goldorna House 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 Goldorna House'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
=	( (0	+	46.724)	/	1 )	/	1784.494	*	365
=	46.724					/	1784.494	*	365
=	9.56

Laxmi Goldorna House'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	+	39.199)	/	1 )	/	136.777	*	365 / 4
=	39.199					/	136.777	*	365 / 4
=	26.15

Laxmi Goldorna House Days Payable Related Terms

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Laxmi Goldorna House Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Consumer Cyclical » Retail - Cyclical » Laxmi Goldorna House Ltd (NSE:LGHL) » Definitions » Days Payable

Comparable Companies

Traded in Other Exchanges

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Address

M. G. Haveli Road, Laxmi House, Opposite Bandharano Khancho, Manekchowk, Ahmedabad, GJ, IND, 380001

Website

http://laxmilifestyle.co.in

Laxmi Goldorna House Ltd is engaged in manufacturing and trading business of branded gold jewellery and ornaments. Its collection of manufactured product includes gold jewellery with or without studded precious and semi-precious stones. It is also engaged in the real estate business that includes the construction of commercial and residential projects.