Morarjee Textiles (NSE:MORARJEE) Days Payable: 713.78 (As of Dec. 2023)

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NSE:MORARJEE Morarjee Textiles Ltd NSE:MORARJEE
4 GF Score
Price ₹11.27
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What is Morarjee Textiles Days Payable?

Morarjee Textiles NSE:MORARJEE +4.93% 4 Days Payable is 713.78 as of Dec. 2023. GuruFocus rates NSE:MORARJEE with a GF Score™ of 4/100.

Morarjee Textiles's average Accounts Payable for the three months ended in Dec. 2023 was ₹704.0 Mil. Morarjee Textiles's Cost of Goods Sold for the three months ended in Dec. 2023 was ₹90.0 Mil. Hence, Morarjee Textiles's Days Payable for the three months ended in Dec. 2023 was 713.78.

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

NSE:MORARJEE's Days Payable is not ranked *
in the Manufacturing - Apparel & Accessories industry.
Industry Median: 54.22
* Ranked among companies with meaningful Days Payable only.

Morarjee Textiles's Days Payable increased from Dec. 2022 (150.84) to Dec. 2023 (713.78). It may suggest that Morarjee Textiles delayed paying its suppliers.

Morarjee Textiles Days Payable Historical Data

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The historical data trend for Morarjee Textiles'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.

Morarjee Textiles Days Payable Chart

Morarjee Textiles Annual Data
Trend Mar14 Mar15 Mar16 Mar17 Mar18 Mar19 Mar20 Mar21 Mar22 Mar23
Days Payable
Get a 7-Day Free Trial Premium Member Only Premium Member Only 116.22 117.59 214.47 132.00 138.38

Morarjee Textiles Quarterly Data
Mar19 Jun19 Sep19 Dec19 Mar20 Jun20 Sep20 Dec20 Mar21 Jun21 Sep21 Dec21 Mar22 Jun22 Sep22 Dec22 Mar23 Jun23 Sep23 Dec23
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 150.84 99.17 519.23 0.00 713.78

Morarjee Textiles Days Payable Competitor Comparison

For the Textile Manufacturing subindustry, Morarjee Textiles'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.

Morarjee Textiles Days Payable vs Manufacturing - Apparel & Accessories Industry

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

* The bar in red indicates where Morarjee Textiles's Days Payable falls into.


NSE:MORARJEE
4GF Score
Morarjee Textiles Ltd NSE:MORARJEE
Days Payable is just one metric. See GF Score™, valuation, warning signs, and more.
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Morarjee Textiles 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.

Morarjee Textiles's Days Payable for the fiscal year that ended in Mar. 2023 is calculated as

Days Payable (A: Mar. 2023 )
=Average Accounts Payable /Cost of Goods Sold*Days in Period
=( (Accounts Payable (A: Mar. 2022 ) + Accounts Payable (A: Mar. 2023 )) / count ) / Cost of Goods Sold (A: Mar. 2023 )*Days in Period
=( (767.914 + 802.892) / 2 ) / 2071.599*365
=785.403 / 2071.599*365
=138.38

Morarjee Textiles's Days Payable for the quarter that ended in Dec. 2023 is calculated as:

Days Payable (Q: Dec. 2023 )
=Average Accounts Payable / Cost of Goods Sold*Days in Period
=( (Accounts Payable (Q: Sep. 2023 ) + Accounts Payable (Q: Dec. 2023 )) / count ) / Cost of Goods Sold (Q: Dec. 2023 )*Days in Period
=( (704 + 0) / 1 ) / 90*365 / 4
=704 / 90*365 / 4
=713.78

* 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 713.78 mean?
Morarjee Textiles (NSE:MORARJEE) has a Days Payable of 713.78 as of Dec. 2023. Days payable represents the average amount of days a company waits to pay its invoices from suppliers. View historical data on Morarjee Textiles and its competitors.
Is Morarjee Textiles' Days Payable too high?
Morarjee Textiles' current Days Payable is 713.78. The Manufacturing - Apparel & Accessories industry median Days Payable is 54.22. Morarjee Textiles' value of 713.78 is 1216.5% above this industry median. Overall, Morarjee Textiles has a GF Score™ of 4/100, reflecting its overall financial health beyond just this single metric.
How does Morarjee Textiles' Days Payable compare to competitors?
Morarjee Textiles' Days Payable of 713.78 can be compared against companies in the Manufacturing - Apparel & Accessories industry. The industry median Days Payable is 54.22. Morarjee Textiles' value of 713.78 is 1216.5% above 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 Manufacturing - Apparel & Accessories company?
The median Days Payable among Manufacturing - Apparel & Accessories companies is 54.22, based on 1,017 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. Morarjee Textiles's current Days Payable of 713.78 is 1216.5% above 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 Morarjee Textiles and its competitors. For the Manufacturing - Apparel & Accessories industry, the median Days Payable is 54.22 — values significantly above this may indicate overvaluation, while values below may suggest a bargain or underlying issues. Morarjee Textiles's current Days Payable is 713.78. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is Morarjee Textiles stock overvalued right now?
Morarjee Textiles (NSE:MORARJEE) has a current Days Payable of 713.78. The current Days Payable is 713.78 and 1216.5% above the Manufacturing - Apparel & Accessories industry median of 54.22. Morarjee Textiles' 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 Morarjee Textiles (NSE:MORARJEE), the current Days Payable is 713.78 as of Dec. 2023. 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.

Morarjee Textiles Business Description

Address Ganpatrao Kadam Marg, Unit 5, Ground Floor, Wing B, Peninsula Corporate Park, Peninsula Tower - 1, Lower Parel West, Mumbai, MH, IND, 400013
Morarjee Textiles Ltd is involved in the textile manufacturing business sector. The firm deals in the manufacture of yarn and fabrics. Its products include white fabric, voiles, yarn, and fashion prints among others.
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