Milton Industries (NSE:MILTON) Days Payable: 45.25 (As of Mar. 2024)


NSE:MILTON Milton Industries Ltd NSE:MILTON
4 GF Score
Price ₹39.95
View Full Analysis

What is Milton Industries Days Payable?

Milton Industries NSE:MILTON -0.12% 4 Days Payable is 45.25 as of Mar. 2024. GuruFocus rates NSE:MILTON with a GF Score™ of 4/100.

Milton Industries's average Accounts Payable for the six months ended in Mar. 2024 was ₹84.7 Mil. Milton Industries's Cost of Goods Sold for the six months ended in Mar. 2024 was ₹682.9 Mil. Hence, Milton Industries's Days Payable for the six months ended in Mar. 2024 was 22.63.

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: 57.93
* Ranked among companies with meaningful Days Payable only.

Milton Industries's Days Payable declined from Mar. 2022 (69.12) to Mar. 2024 (45.25). It may suggest that Milton Industries accelerated paying its suppliers.

Milton Industries Days Payable Historical Data

* Premium members only.

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.

Milton Industries Days Payable Chart

Milton Industries Annual Data
Trend Mar15 Mar16 Mar17 Mar18 Mar19 Mar20 Mar21 Mar22 Mar23 Mar24
Days Payable
Get a 7-Day Free Trial Premium Member Only Premium Member Only 79.77 145.15 69.12 77.06 45.25

Milton Industries Semi-Annual Data
Mar13 Mar14 Mar15 Mar16 Mar17 Mar18 Mar19 Mar20 Mar21 Mar22 Mar23 Mar24
Days Payable Get a 7-Day Free Trial Premium Member Only Premium Member Only Premium Member Only Premium Member Only 79.77 145.15 69.12 77.06 45.25

NSE:MILTON vs SSD, UFPI, BCC: Days Payable Comparison

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 Days Payable vs 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.


NSE:MILTON
4GF Score
Milton Industries Ltd NSE:MILTON
Days Payable is just one metric. See GF Score™, valuation, warning signs, and more.
View Full Analysis

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. 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
=( (101.455 + 67.884) / 2 ) / 682.904*365
=84.6695 / 682.904*365
=45.25

Milton Industries'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: Mar. 2023 ) + Accounts Payable (Q: Mar. 2024 )) / count ) / Cost of Goods Sold (Q: Mar. 2024 )*Days in Period
=( (101.455 + 67.884) / 2 ) / 682.904*365 / 2
=84.6695 / 682.904*365 / 2
=22.63

* 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.

Frequently Asked Questions Learn more about Days Payable →
What does a Days Payable of 45.25 mean?
Milton Industries (NSE:MILTON) has a Days Payable of 45.25 as of Mar. 2024. Days payable represents the average amount of days a company waits to pay its invoices from suppliers. View historical data on Milton Industries and its competitors.
Is Milton Industries' Days Payable too high?
Milton Industries' current Days Payable is 45.25. The Forest Products industry median Days Payable is 57.93. Milton Industries' value of 45.25 is 21.9% below this industry median. Overall, Milton Industries has a GF Score™ of 4/100, reflecting its overall financial health beyond just this single metric.
How does Milton Industries' Days Payable compare to SSD and UFPI?
Milton Industries' Days Payable of 45.25 can be compared against companies in the Forest Products industry. The industry median Days Payable is 57.93. Milton Industries' value of 45.25 is 21.9% below this benchmark. See the competitive comparison table and distribution chart on this page for a detailed peer-by-peer breakdown.
What is a good Days Payable for a Forest Products company?
The median Days Payable among Forest Products companies is 57.93, based on 276 companies in the industry. Companies in the top quartile (top 25%) have a Days Payable significantly above this median, while those in the bottom quartile fall well below. However, Days Payable should not be evaluated in isolation — investors should consider it alongside profitability, growth, and financial strength metrics. Milton Industries's current Days Payable of 45.25 is 21.9% below the industry median. Use the industry distribution chart on this page to see where any company falls relative to its peers.
What does a high Days Payable mean?
A high Days Payable can signal that a stock is expensive relative to its fundamentals. Days payable represents the average amount of days a company waits to pay its invoices from suppliers. View historical data on Milton Industries and its competitors. For the Forest Products industry, the median Days Payable is 57.93 — values significantly above this may indicate overvaluation, while values below may suggest a bargain or underlying issues. Milton Industries's current Days Payable is 45.25. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is Milton Industries stock overvalued right now?
Milton Industries (NSE:MILTON) has a current Days Payable of 45.25. The current Days Payable is 45.25 and 21.9% below the Forest Products industry median of 57.93. Milton Industries' overall GF Score™ is 4/100. Investors should evaluate multiple metrics — including profitability, growth, and financial strength — before making a decision.
How is Days Payable calculated?
Days Payable is calculated from a company's financial statements. For Milton Industries (NSE:MILTON), the current Days Payable is 45.25 as of Mar. 2024. GuruFocus calculates this using data sourced from SEC filings and annual reports. See the calculation section and 30-year financial data on this page for the full breakdown.

Milton Industries Business Description

Address Ashram Road, 1/2, Chitra-Ami Appartment, Opposite La Gajjar Chamber, Ahmedabad, GJ, IND, 380009
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.
4GF Score

Get the complete analysis for NSE:MILTON

Days Payable is just one metric. See GF Value™, 30-year financials, guru trades, warning signs, and more.

₹39.95
Price