Marine Electricals (India) (NSE:MARINE) Days Payable : 135.99 (As of Dec. 2023)

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What is Marine Electricals (India) Days Payable?

Marine Electricals (India)'s average Accounts Payable for the three months ended in Dec. 2023 was ₹1,888 Mil. Marine Electricals (India)'s Cost of Goods Sold for the three months ended in Dec. 2023 was ₹1,267 Mil. Hence, Marine Electricals (India)'s Days Payable for the three months ended in Dec. 2023 was 135.99.

The historical rank and industry rank for Marine Electricals (India)'s Days Payable or its related term are showing as below:

NSE:MARINE' s Days Payable Range Over the Past 10 Years
Min: 61.3 Med: 134.42 Max: 242.59
Current: 134.93

During the past 10 years, Marine Electricals (India)'s highest Days Payable was 242.59. The lowest was 61.30. And the median was 134.42.

NSE:MARINE's Days Payable is ranked better than
87.41% of 929 companies
in the Transportation industry
Industry Median: 38.81 vs NSE:MARINE: 134.93

Marine Electricals (India)'s Days Payable increased from Dec. 2022 (0.00) to Dec. 2023 (135.99). It may suggest that Marine Electricals (India) delayed paying its suppliers.

Marine Electricals (India) Days Payable Historical Data

The historical data trend for Marine Electricals (India)'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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Marine Electricals (India) Days Payable Chart

Marine Electricals (India) Annual Data

Trend

Mar14

Mar15

Mar16

Mar17

Mar18

Mar19

Mar20

Mar21

Mar22

Mar23

Days Payable

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150.09

221.81

242.59

140.32

130.14

Marine Electricals (India) Quarterly Data
	Mar15	Mar16	Mar17	Mar18	Sep18	Mar19	Sep19	Mar20	Sep20	Mar21	Sep21	Dec21	Mar22	Jun22	Sep22	Dec22	Mar23	Jun23	Sep23	Dec23
Days Payable	Get a 7-Day Free Trial															-	105.51	161.68	146.61	135.99

Competitive Comparison of Marine Electricals (India)'s Days Payable

For the Marine Shipping subindustry, Marine Electricals (India)'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.

Marine Electricals (India)'s Days Payable Distribution in the Transportation Industry

For the Transportation industry and Industrials sector, Marine Electricals (India)'s Days Payable distribution charts can be found below:

* The bar in red indicates where Marine Electricals (India)'s Days Payable falls into.

Marine Electricals (India) 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.

Marine Electricals (India)'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
=	( (1231.919	+	1454.769)	/	2 )	/	3767.576	*	365
=	1343.344					/	3767.576	*	365
=	130.14

Marine Electricals (India)'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
=	( (1887.581	+	0)	/	1 )	/	1266.597	*	365 / 4
=	1887.581					/	1266.597	*	365 / 4
=	135.99

Marine Electricals (India) Days Payable Related Terms

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Marine Electricals (India) (NSE:MARINE) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Industrials » Transportation » Marine Electricals (India) Ltd (NSE:MARINE) » Definitions » Days Payable

Traded in Other Exchanges

N/A

Address

B/1, Udyog Sadan No. 3, MIDC, Marol Industrial Area, Andheri (East), Mumbai, MH, IND, 400093

Website

https://www.marineelectricals.com

Marine Electricals (India) Ltd is an integrated technical service provider. It offers services in the fields of electrical automation and information and communication technology solutions in diversified areas like Ship Building and Ship repair for Navy and Commercial Vessels/ Industries and Buildings / Renewables EPC. It also develops, designs, manufactures, and markets marine and industrial electrical and electronic switch gears, control gears, and electrical and electronic components including renewable energy. The firm is organized into two segments: Electricals and Electronics and Solar out of which the Electricals and Electronics segment accounts for the majority of revenue.

Marine Electricals (India) (NSE:MARINE) Headlines

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