3M India (BOM:523395) Days Payable : 119.80 (As of Dec. 2023)

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What is 3M India Days Payable?

3M India's average Accounts Payable for the three months ended in Dec. 2023 was ₹7,819 Mil. 3M India's Cost of Goods Sold for the three months ended in Dec. 2023 was ₹5,956 Mil. Hence, 3M India's Days Payable for the three months ended in Dec. 2023 was 119.80.

The historical rank and industry rank for 3M India's Days Payable or its related term are showing as below:

BOM:523395' s Days Payable Range Over the Past 10 Years
Min: 42.24 Med: 81.17 Max: 103.16
Current: 103.16

During the past 13 years, 3M India's highest Days Payable was 103.16. The lowest was 42.24. And the median was 81.17.

BOM:523395's Days Payable is ranked better than
74.26% of 470 companies
in the Conglomerates industry
Industry Median: 58.395 vs BOM:523395: 103.16

3M India's Days Payable increased from Dec. 2022 (94.10) to Dec. 2023 (119.80). It may suggest that 3M India delayed paying its suppliers.

3M India Days Payable Historical Data

The historical data trend for 3M 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.

* Premium members only.

3M India Days Payable Chart

3M India Annual Data

Trend

Mar14

Mar15

Mar16

Mar17

Mar18

Mar19

Mar20

Mar21

Mar22

Mar23

Days Payable

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78.16

68.34

90.60

88.28

94.03

3M India 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															94.10	99.07	109.42	114.67	119.80

Competitive Comparison of 3M India's Days Payable

For the Conglomerates subindustry, 3M 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.

3M India's Days Payable Distribution in the Conglomerates Industry

For the Conglomerates industry and Industrials sector, 3M India's Days Payable distribution charts can be found below:

* The bar in red indicates where 3M India's Days Payable falls into.

3M 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.

3M 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
=	( (5384.431	+	7644.436)	/	2 )	/	25287.625	*	365
=	6514.4335					/	25287.625	*	365
=	94.03

3M 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
=	( (7819.377	+	0)	/	1 )	/	5956.002	*	365 / 4
=	7819.377					/	5956.002	*	365 / 4
=	119.80

3M India Days Payable Related Terms

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3M India (BOM:523395) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Industrials » Conglomerates » 3M India Ltd (BOM:523395) » Definitions » Days Payable

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3MINDIA:India

Address

36 Infantry Road, WeWork Prestige Central, 3rd Floor, Tasker Town, Bengaluru, KA, IND, 560001

Website

https://www.3m.com

3M India Ltd is an Indian conglomerate operating in various industries. The company's operating segments include Safety and Industrial which includes vinyl, polyester, foil, and specialty industrial tapes and adhesives and other specialty Materials. Transportation and Electronics consist of personal protection products, border control products, and passive fire protection products. Consumer business includes products scotch brand, adhesives, packaging protection platforms, and others whereas the Healthcare segment consists of medical and surgical supplies, medical devices, skin and wound care and infection prevention products and solutions, drug delivery systems, dental and orthodontic products, and food safety products.

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