Milton Industries (NSE:MILTON) Days Payable : 69.13 (As of Mar. 2022)

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What is Milton Industries Days Payable?

Milton Industries's average Accounts Payable for the six months ended in Mar. 2022 was ₹77.1 Mil. Milton Industries's Cost of Goods Sold for the six months ended in Mar. 2022 was ₹407.2 Mil. Hence, Milton Industries's Days Payable for the six months ended in Mar. 2022 was 34.56.

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

NSE:MILTON's Days Payable is not ranked ^*
in the Forest Products industry.
Industry Median: 57.6
* Ranked among companies with meaningful Days Payable only.

Milton Industries's Days Payable declined from Mar. 2020 (79.77) to Mar. 2022 (69.13). It may suggest that Milton Industries accelerated paying its suppliers.

Milton Industries Days Payable Historical Data

The historical data trend for Milton 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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Milton Industries Days Payable Chart

Milton Industries Annual Data

Trend

Mar13

Mar14

Mar15

Mar16

Mar17

Mar18

Mar19

Mar20

Mar21

Mar22

Days Payable

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173.83

101.64

79.77

145.15

69.13

Milton Industries Semi-Annual Data
	Mar13	Mar14	Mar15	Mar16	Mar17	Mar18	Mar19	Mar20	Mar21	Mar22
Days Payable	Get a 7-Day Free Trial					173.83	101.64	79.77	145.15	69.13

Competitive Comparison of Milton Industries's Days Payable

For the Lumber & Wood Production subindustry, Milton 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.

Milton Industries's Days Payable Distribution in the Forest Products Industry

For the Forest Products industry and Basic Materials sector, Milton Industries's Days Payable distribution charts can be found below:

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

Milton 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.

Milton Industries's Days Payable for the fiscal year that ended in Mar. 2022 is calculated as

	Days Payable (A: Mar. 2022 )
=	Average Accounts Payable					/	Cost of Goods Sold	*	Days in Period
=	( (Accounts Payable (A: Mar. 2021 )	+	Accounts Payable (A: Mar. 2022 ))	/	count )	/	Cost of Goods Sold (A: Mar. 2022 )	*	Days in Period
=	( (79.803	+	74.427)	/	2 )	/	407.182	*	365
=	77.115					/	407.182	*	365
=	69.13

Milton Industries's Days Payable for the quarter that ended in Mar. 2022 is calculated as:

	Days Payable (Q: Mar. 2022 )
=	Average Accounts Payable					/	Cost of Goods Sold	*	Days in Period
=	( (Accounts Payable (Q: Mar. 2021 )	+	Accounts Payable (Q: Mar. 2022 ))	/	count )	/	Cost of Goods Sold (Q: Mar. 2022 )	*	Days in Period
=	( (79.803	+	74.427)	/	2 )	/	407.182	*	365 / 2
=	77.115					/	407.182	*	365 / 2
=	34.56

Milton Industries Days Payable Related Terms

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Milton Industries (NSE:MILTON) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Basic Materials » Forest Products » Milton Industries Ltd (NSE:MILTON) » Definitions » Days Payable

Comparable Companies

Traded in Other Exchanges

N/A

Address

Ashram Road, 1/2, Chitra-Ami Appartment, Opposite La Gajjar Chamber, Ahmedabad, GJ, IND, 380009

Website

https://www.miltonindustries.in

Milton Industries Ltd is engaged in the manufacturing of laminated sheets and other allied products. The firm produces artificial leather cloth and glass fiber reinforced epoxy (GFRE) sheets. It also manufactures, exports high-pressure laminates, industrial laminates, laminated boards, flooring laminates, artificial leather cloth, and other products. The business operates in three segments: Laminate, Rexine, and GFRE, of which the majority of the revenue comes from the GFRE division. The company's products are applicable on walls, doors, windows, cupboards, tabletops, hotels, cash counters, and home kitchens. The majority of the revenue comes from the Indian market.

Milton Industries (NSE:MILTON) Headlines

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