PB Fintech (BOM:543390) Days Payable : 62.49 (As of Mar. 2024)

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What is PB Fintech Days Payable?

PB Fintech's average Accounts Payable for the three months ended in Mar. 2024 was ₹3,011 Mil. PB Fintech's Cost of Goods Sold for the three months ended in Mar. 2024 was ₹4,396 Mil. Hence, PB Fintech's Days Payable for the three months ended in Mar. 2024 was 62.49.

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

BOM:543390' s Days Payable Range Over the Past 10 Years
Min: 43.62 Med: 73.81 Max: 101.91
Current: 67.75

During the past 6 years, PB Fintech's highest Days Payable was 101.91. The lowest was 43.62. And the median was 73.81.

BOM:543390's Days Payable is ranked better than
53.06% of 49 companies
in the Insurance industry
Industry Median: 56.92 vs BOM:543390: 67.75

PB Fintech's Days Payable declined from Mar. 2023 (71.41) to Mar. 2024 (62.49). It may suggest that PB Fintech accelerated paying its suppliers.

PB Fintech Days Payable Historical Data

The historical data trend for PB Fintech'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.

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PB Fintech Days Payable Chart

PB Fintech Annual Data

Trend

Mar19

Mar20

Mar21

Mar22

Mar23

Mar24

Days Payable

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80.22

95.79

43.62

59.78

67.40

PB Fintech Quarterly Data
	Mar19	Mar20	Jun20	Dec20	Mar21	Jun21	Sep21	Dec21	Mar22	Jun22	Sep22	Dec22	Mar23	Jun23	Sep23	Dec23	Mar24
Days Payable	Get a 7-Day Free Trial												71.41	72.76	66.55	70.75	62.49

Competitive Comparison of PB Fintech's Days Payable

For the Insurance Brokers subindustry, PB Fintech'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.

PB Fintech's Days Payable Distribution in the Insurance Industry

For the Insurance industry and Financial Services sector, PB Fintech's Days Payable distribution charts can be found below:

* The bar in red indicates where PB Fintech's Days Payable falls into.

PB Fintech 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.

PB Fintech'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
=	( (3061.036	+	3010.6)	/	2 )	/	16441.2	*	365
=	3035.818					/	16441.2	*	365
=	67.40

PB Fintech'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: Dec. 2023 )	+	Accounts Payable (Q: Mar. 2024 ))	/	count )	/	Cost of Goods Sold (Q: Mar. 2024 )	*	Days in Period
=	( (0	+	3010.6)	/	1 )	/	4396.237	*	365 / 4
=	3010.6					/	4396.237	*	365 / 4
=	62.49

PB Fintech Days Payable Related Terms

Thank you for viewing the detailed overview of PB Fintech's Days Payable provided by GuruFocus.com. Please click on the following links to see related term pages.

PB Fintech (BOM:543390) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Financial Services » Insurance » PB Fintech Ltd (BOM:543390) » Definitions » Days Payable

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POLICYBZR:India

Address

Plot No. 119, Sector 44, Gurgaon, HR, IND, 122 001

Website

https://www.pbfintech.in

PB Fintech Ltd is an online platform for insurance and lending products. The company provides convenient access to insurance, credit, and other financial products and aims to create awareness in India about the financial impact of death, disease, and damage. The group earns its entire revenue within India only. The company has two operating segments Insurance services segment and the Other services segment. The company generates the majority of its revenue from the Other services segment, which consists of online marketing, consulting and support services provided largely to the financial service industry. The Insurance services segment consists of Insurance Broker services provided by the Group.

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