Opal Luxury Time Products (NSE:OPAL) Days Payable: 42.81 (As of Sep. 2019)


What is Opal Luxury Time Products Days Payable?

Opal Luxury Time Products NSE:OPAL Days Payable is 42.81 as of Sep. 2019.

Opal Luxury Time Products's average Accounts Payable for the six months ended in Sep. 2019 was ₹15.83 Mil. Opal Luxury Time Products's Cost of Goods Sold for the six months ended in Sep. 2019 was ₹67.47 Mil. Hence, Opal Luxury Time Products's Days Payable for the six months ended in Sep. 2019 was 42.81.

The historical rank and industry rank for Opal Luxury Time Products's Days Payable or its related term are showing as below:

NSE:OPAL's Days Payable is not ranked *
in the Furnishings, Fixtures & Appliances industry.
Industry Median: 64.14
* Ranked among companies with meaningful Days Payable only.

Opal Luxury Time Products's Days Payable increased from Mar. 2018 (0.00) to Sep. 2019 (42.81). It may suggest that Opal Luxury Time Products delayed paying its suppliers.

Opal Luxury Time Products Days Payable Historical Data

* Premium members only.

The historical data trend for Opal Luxury Time Products'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.

Opal Luxury Time Products Days Payable Chart

Opal Luxury Time Products Annual Data
Trend Mar12 Mar13 Mar14 Mar15 Mar16 Mar17 Mar18
Days Payable
Get a 7-Day Free Trial 41.32 42.35 51.72 168.28 278.74

Opal Luxury Time Products Semi-Annual Data
Mar12 Mar13 Mar14 Mar15 Mar16 Mar17 Mar18 Sep18 Sep19
Days Payable Get a 7-Day Free Trial Premium Member Only 0.00 0.00 0.00 94.21 42.81

NSE:OPAL vs FBHS, WHR, MHK: Days Payable Comparison

For the Furnishings, Fixtures & Appliances subindustry, Opal Luxury Time Products'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.

Opal Luxury Time Products Days Payable vs Furnishings, Fixtures & Appliances Industry

For the Furnishings, Fixtures & Appliances industry and Consumer Cyclical sector, Opal Luxury Time Products's Days Payable distribution charts can be found below:

* The bar in red indicates where Opal Luxury Time Products's Days Payable falls into.


Opal Luxury Time Products 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.

Opal Luxury Time Products's Days Payable for the fiscal year that ended in Mar. 2018 is calculated as

Days Payable (A: Mar. 2018 )
=Average Accounts Payable /Cost of Goods Sold*Days in Period
=( (Accounts Payable (A: Mar. 2017 ) + Accounts Payable (A: Mar. 2018 )) / count ) / Cost of Goods Sold (A: Mar. 2018 )*Days in Period
=( (122.151 + 12.289) / 2 ) / 88.021*365
=67.22 / 88.021*365
=278.74

Opal Luxury Time Products's Days Payable for the quarter that ended in Sep. 2019 is calculated as:

Days Payable (Q: Sep. 2019 )
=Average Accounts Payable / Cost of Goods Sold*Days in Period
=( (Accounts Payable (Q: Sep. 2018 ) + Accounts Payable (Q: Sep. 2019 )) / count ) / Cost of Goods Sold (Q: Sep. 2019 )*Days in Period
=( (0 + 15.827) / 1 ) / 67.465*365 / 2
=15.827 / 67.465*365 / 2
=42.81

* 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 42.81 mean?
Opal Luxury Time Products (NSE:OPAL) has a Days Payable of 42.81 as of Sep. 2019. Days payable represents the average amount of days a company waits to pay its invoices from suppliers. View historical data on Opal Luxury Time Products and its competitors.
Is Opal Luxury Time Products' Days Payable too high?
Opal Luxury Time Products' current Days Payable is 42.81. The Furnishings, Fixtures & Appliances industry median Days Payable is 64.14. Opal Luxury Time Products' value of 42.81 is 33.3% below this industry median.
How does Opal Luxury Time Products' Days Payable compare to FBHS and WHR?
Opal Luxury Time Products' Days Payable of 42.81 can be compared against companies in the Furnishings, Fixtures & Appliances industry. The industry median Days Payable is 64.14. Opal Luxury Time Products' value of 42.81 is 33.3% 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 Furnishings, Fixtures & Appliances company?
The median Days Payable among Furnishings, Fixtures & Appliances companies is 64.14, based on 415 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. Opal Luxury Time Products's current Days Payable of 42.81 is 33.3% 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 Opal Luxury Time Products and its competitors. For the Furnishings, Fixtures & Appliances industry, the median Days Payable is 64.14 — values significantly above this may indicate overvaluation, while values below may suggest a bargain or underlying issues. Opal Luxury Time Products's current Days Payable is 42.81. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is Opal Luxury Time Products stock overvalued right now?
Opal Luxury Time Products (NSE:OPAL) has a current Days Payable of 42.81. The current Days Payable is 42.81 and 33.3% below the Furnishings, Fixtures & Appliances industry median of 64.14. 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 Opal Luxury Time Products (NSE:OPAL), the current Days Payable is 42.81 as of Sep. 2019. 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.

Opal Luxury Time Products Business Description

Address Senapati Bapat Road, Shree Ganesh, Plot No. 31, 1st Floor, Shivaji Housing Society, Behind ICC Tower, Pune, MH, IND, 411016
Opal Luxury Time Products Ltd is engaged in manufacturing and marketing of home decor products and designs, manufactures, assembles, markets in India and offers watches, wall and table clocks, and allied products and accessories. The firm markets its products through a network of distributors, dealers, home decor stores, furniture stores, crockery dealers, and organized retailers under the Opal brand. The company operates 333 counters and 11 online shopping portals in India. The firm offers a diverse product mix which varies with the following parameters: Price Range, Mould-component-make (wood, metal, acrylic, glass, etc.) and Styles (statue, table, digital, and contemporary). It also offers its products through opalclocks.com, an online shopping portal.