Optimus Finance (BOM:531254) Days Payable : 128.26 (As of Dec. 2023)

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What is Optimus Finance Days Payable?

Optimus Finance's average Accounts Payable for the three months ended in Dec. 2023 was ₹296.4 Mil. Optimus Finance's Cost of Goods Sold for the three months ended in Dec. 2023 was ₹210.8 Mil. Hence, Optimus Finance's Days Payable for the three months ended in Dec. 2023 was 128.26.

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

BOM:531254' s Days Payable Range Over the Past 10 Years
Min: 1.41 Med: 44.53 Max: 106.32
Current: 106.32

During the past 13 years, Optimus Finance's highest Days Payable was 106.32. The lowest was 1.41. And the median was 44.53.

BOM:531254's Days Payable is ranked better than
78.6% of 1505 companies
in the Chemicals industry
Industry Median: 61 vs BOM:531254: 106.32

Optimus Finance's Days Payable increased from Dec. 2022 (83.89) to Dec. 2023 (128.26). It may suggest that Optimus Finance delayed paying its suppliers.

Optimus Finance Days Payable Historical Data

The historical data trend for Optimus Finance'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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Optimus Finance Days Payable Chart

Optimus Finance Annual Data

Trend

Mar14

Mar15

Mar16

Mar17

Mar18

Mar19

Mar20

Mar21

Mar22

Mar23

Days Payable

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18.25

68.84

49.89

48.25

66.21

Optimus Finance 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															83.89	95.85	105.01	126.30	128.26

Competitive Comparison of Optimus Finance's Days Payable

For the Chemicals subindustry, Optimus Finance'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.

Optimus Finance's Days Payable Distribution in the Chemicals Industry

For the Chemicals industry and Basic Materials sector, Optimus Finance's Days Payable distribution charts can be found below:

* The bar in red indicates where Optimus Finance's Days Payable falls into.

Optimus Finance 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.

Optimus Finance'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
=	( (106.292	+	209.605)	/	2 )	/	870.713	*	365
=	157.9485					/	870.713	*	365
=	66.21

Optimus Finance'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
=	( (296.351	+	0)	/	1 )	/	210.835	*	365 / 4
=	296.351					/	210.835	*	365 / 4
=	128.26

Optimus Finance Days Payable Related Terms

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Optimus Finance (BOM:531254) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Basic Materials » Chemicals » Optimus Finance Ltd (BOM:531254) » Definitions » Days Payable

Traded in Other Exchanges

N/A

Address

Dr. Vikram Sarabhai Marg, 504 A, Ozone, Vadi-Wadi, Vadodara, GJ, IND, 390003

Website

https://www.optimusfinance.in

Optimus Finance Ltd is engaged in non-banking finance activity consisting of investment in shares and securities and other investment and financing activities. It is engaged in the business of loan and investment; importing and exporting lubricant oils, different types of base oils, and other chemical products used mainly in the automobile industry, power industry, and metal manufacturing among others. It operates through two business segments: Financing and Investing activity and Trading in Chemicals. It generates a majority of its revenues through trading in chemicals outside India.

Optimus Finance (BOM:531254) Headlines

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