Moksh Ornaments (NSE:MOKSH) Days Payable: 2.19 (As of Sep. 2024)


NSE:MOKSH Moksh Ornaments Ltd NSE:MOKSH
4 GF Score
Price ₹11.74
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What is Moksh Ornaments Days Payable?

Moksh Ornaments NSE:MOKSH -1.26% 4 Days Payable is 2.19 as of Sep. 2024. GuruFocus rates NSE:MOKSH with a GF Score™ of 4/100.

Moksh Ornaments's average Accounts Payable for the three months ended in Sep. 2024 was ₹35 Mil. Moksh Ornaments's Cost of Goods Sold for the three months ended in Sep. 2024 was ₹1,471 Mil. Hence, Moksh Ornaments's Days Payable for the three months ended in Sep. 2024 was 2.19.

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

NSE:MOKSH's Days Payable is not ranked *
in the Retail - Cyclical industry.
Industry Median: 52.28
* Ranked among companies with meaningful Days Payable only.

Moksh Ornaments's Days Payable declined from Sep. 2023 (2.63) to Sep. 2024 (2.19). It may suggest that Moksh Ornaments accelerated paying its suppliers.

Moksh Ornaments Days Payable Historical Data

* Premium members only.

The historical data trend for Moksh Ornaments'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.

Moksh Ornaments Days Payable Chart

Moksh Ornaments 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 3.62 2.33 0.09 0.05 0.04

Moksh Ornaments Quarterly Data
Sep19 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 Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only 2.63 4.01 0.07 0.05 2.19

NSE:MOKSH vs TPR: Days Payable Comparison

For the Luxury Goods subindustry, Moksh Ornaments'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.

Moksh Ornaments Days Payable vs Retail - Cyclical Industry

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

* The bar in red indicates where Moksh Ornaments's Days Payable falls into.


NSE:MOKSH
4GF Score
Moksh Ornaments Ltd NSE:MOKSH
Days Payable is just one metric. See GF Score™, valuation, warning signs, and more.
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Moksh Ornaments 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.

Moksh Ornaments'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
=( (0.28 + 0.693) / 2 ) / 4275.15*365
=0.4865 / 4275.15*365
=0.04

Moksh Ornaments'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 + 35.245) / 1 ) / 1470.954*365 / 4
=35.245 / 1470.954*365 / 4
=2.19

* 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 2.19 mean?
Moksh Ornaments (NSE:MOKSH) has a Days Payable of 2.19 as of Sep. 2024. Days payable represents the average amount of days a company waits to pay its invoices from suppliers. View historical data on Moksh Ornaments and its competitors.
Is Moksh Ornaments' Days Payable too high?
Moksh Ornaments' current Days Payable is 2.19. The Retail - Cyclical industry median Days Payable is 52.28. Moksh Ornaments' value of 2.19 is 95.8% below this industry median. Overall, Moksh Ornaments has a GF Score™ of 4/100, reflecting its overall financial health beyond just this single metric.
How does Moksh Ornaments' Days Payable compare to TPR?
Moksh Ornaments' Days Payable of 2.19 can be compared against companies in the Retail - Cyclical industry. The industry median Days Payable is 52.28. Moksh Ornaments' value of 2.19 is 95.8% 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 Retail - Cyclical company?
The median Days Payable among Retail - Cyclical companies is 52.28, based on 1,095 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. Moksh Ornaments's current Days Payable of 2.19 is 95.8% 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 Moksh Ornaments and its competitors. For the Retail - Cyclical industry, the median Days Payable is 52.28 — values significantly above this may indicate overvaluation, while values below may suggest a bargain or underlying issues. Moksh Ornaments's current Days Payable is 2.19. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is Moksh Ornaments stock overvalued right now?
Moksh Ornaments (NSE:MOKSH) has a current Days Payable of 2.19. The current Days Payable is 2.19 and 95.8% below the Retail - Cyclical industry median of 52.28. Moksh Ornaments' 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 Moksh Ornaments (NSE:MOKSH), the current Days Payable is 2.19 as of Sep. 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.

Moksh Ornaments Business Description

Address Kalbadevi Road, B-405/1, B-405/2, 4th floor, 99, Mulji Jetha Building, Glitz Mall, Champa Galli Cross Lane, Vitthalwadi, Kalbadevi, Mumbai, MH, IND, 400002
Moksh Ornaments Ltd is an India based company engaged in the manufacturing and wholesale of jewellery. The company sells gold jewellery and its product profile includes Bangles, Chain, and Mangalsutra. The jewelleries are manufactured on job work basis at Kolkata and Mumbai.
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