Mahalaxmi Fabric Mills (NSE:MFML) Days Payable : 171.16 (As of Dec. 2024)

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What is Mahalaxmi Fabric Mills Days Payable?

Mahalaxmi Fabric Mills's average Accounts Payable for the three months ended in Dec. 2024 was ₹387 Mil. Mahalaxmi Fabric Mills's Cost of Goods Sold for the three months ended in Dec. 2024 was ₹206 Mil. Hence, Mahalaxmi Fabric Mills's Days Payable for the three months ended in Dec. 2024 was 171.16.

The historical rank and industry rank for Mahalaxmi Fabric Mills's Days Payable or its related term are showing as below:

NSE:MFML' s Days Payable Range Over the Past 10 Years
Min: 48.09 Med: 72.12 Max: 117.92
Current: 117.92

During the past 3 years, Mahalaxmi Fabric Mills's highest Days Payable was 117.92. The lowest was 48.09. And the median was 72.12.

NSE:MFML's Days Payable is ranked better than
81.5% of 1016 companies
in the Manufacturing - Apparel & Accessories industry
Industry Median: 54.585 vs NSE:MFML: 117.92

Mahalaxmi Fabric Mills's Days Payable declined from Sep. 2023 (184.05) to Dec. 2024 (171.16). It may suggest that Mahalaxmi Fabric Mills accelerated paying its suppliers.

Mahalaxmi Fabric Mills Days Payable Historical Data

The historical data trend for Mahalaxmi Fabric Mills'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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Mahalaxmi Fabric Mills Days Payable Chart

Mahalaxmi Fabric Mills Annual Data

Trend

Mar22

Mar23

Mar24

Days Payable

48.09

96.14

Mahalaxmi Fabric Mills Quarterly Data
	Mar22	Mar23	Sep23	Dec23	Mar24	Sep24	Dec24
Days Payable	Get a 7-Day Free Trial			184.05	-	43.15	197.38	171.16

Competitive Comparison of Mahalaxmi Fabric Mills's Days Payable

For the Textile Manufacturing subindustry, Mahalaxmi Fabric Mills'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.

Mahalaxmi Fabric Mills's Days Payable Distribution in the Manufacturing - Apparel & Accessories Industry

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

* The bar in red indicates where Mahalaxmi Fabric Mills's Days Payable falls into.

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Mahalaxmi Fabric Mills 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.

Mahalaxmi Fabric Mills'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
=	( (320.738	+	379.968)	/	2 )	/	1330.117	*	365
=	350.353					/	1330.117	*	365
=	96.14

Mahalaxmi Fabric Mills'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
=	( (387.025	+	0)	/	1 )	/	206.331	*	365 / 4
=	387.025					/	206.331	*	365 / 4
=	171.16

Mahalaxmi Fabric Mills Days Payable Related Terms

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Mahalaxmi Fabric Mills Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Consumer Cyclical » Manufacturing - Apparel & Accessories » Mahalaxmi Fabric Mills Ltd (NSE:MFML) » Definitions » Days Payable

Traded in Other Exchanges

544233:India

Address

Polytechnic Road, YSL Avenue, Opposite Ketav Petrol Pump, Mahalaxmi House, Ambawadi, Ahmedabad, GJ, IND, 380 015

Website

https://www.mahalaxmigroup.net/MFML

Mahalaxmi Fabric Mills Ltd is engaged in the textile market. The company operated in only one segment i.e manufacturing and trading of traditional textile. Company's revenue is derived primarily from sale of goods.

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