Hmt Ltd -

HMT NSE Industrials Industrial Products
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Ratios

Working-Capital Days

Number of days
0200400600800FY22FY23FY24FY25FY26FY2022 — Debtor Days: 323 daysFY2023 — Debtor Days: 333 daysFY2024 — Debtor Days: 300 daysFY2025 — Debtor Days: 318 daysFY2026 — Debtor Days: 239 daysFY2022 — Inventory Days: 667 daysFY2023 — Inventory Days: 412 daysFY2024 — Inventory Days: 585 daysFY2025 — Inventory Days: 640 daysFY2026 — Inventory Days: 351 daysFY2022 — Days Payable: 361 daysFY2023 — Days Payable: 254 daysFY2024 — Days Payable: 453 daysFY2025 — Days Payable: 476 daysFY2026 — Days Payable: 483 days
Debtor DaysInventory DaysDays Payable

How to read this: these lines track how the company manages day-to-day cash. Debtor days is how long customers take to pay; inventory days is how long stock sits before selling; days payable is how long the company takes to pay its own suppliers. Fewer debtor and inventory days generally means cash comes in faster; more days payable means the company holds its cash longer. The right level varies a lot by industry, so the trend over time matters more than any single number.

PeriodDebtor DaysInventory DaysDays PayableCash Conversion CycleWorking Capital Days
FY2015145758214689-2,581
FY2016160638304494-6,931
FY20171851,029508706-8,622
FY20181961,148528816-8,680
FY20192311,243628846-6,531
FY2020211754405560-6,544
FY2021302720390632-8,803
FY2022323667361630-9,124
FY2023333412254491-8,194
FY2024300585453432-4,246
FY2025318640476483-5,129
FY2026239351483106-5,635

Understanding these terms

Plain-English explanations of each figure in the table above, and what a beginner typically looks at. These are educational descriptions only, not advice.

Debtor Days
The average number of days the company takes to collect payment from its customers after a sale.How a beginner reads it: A beginner reads fewer days as cash coming in faster. A rising trend can mean customers are taking longer to pay, which ties up cash; readers compare it to the company's own past and to peers.
Inventory Days
The average number of days goods sit as inventory before being sold.How a beginner reads it: A beginner reads lower inventory days as stock moving quickly. A rising trend can signal slowing sales or overstocking; the right level varies a lot by industry, so comparison matters.
Days Payable
The average number of days the company takes to pay its own suppliers.How a beginner reads it: A beginner reads more days as the company holding onto cash longer — useful, within reason. Reading it next to debtor days shows whether the company collects from customers faster than it pays suppliers.
Cash Conversion Cycle
The number of days it takes to turn money spent on inventory back into cash from customers: inventory days plus debtor days minus days payable.How a beginner reads it: A beginner reads a shorter cycle as cash being tied up for less time. A negative cycle — paying suppliers after collecting from customers — is generally a sign of strong working-capital efficiency.
Working Capital Days
How many days of sales are tied up in the day-to-day running of the business (receivables and inventory, net of payables).How a beginner reads it: A beginner watches the trend: fewer days means less cash locked into operations. A steadily rising figure can mean growth is consuming more and more cash to sustain.
Educational data only. Not a recommendation to buy, sell or hold any security.