Choice International (BOM:531358) Days Payable : 45.66 (As of Dec. 2023)

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What is Choice International Days Payable?

Choice International's average Accounts Payable for the three months ended in Dec. 2023 was ₹287 Mil. Choice International's Cost of Goods Sold for the three months ended in Dec. 2023 was ₹573 Mil. Hence, Choice International's Days Payable for the three months ended in Dec. 2023 was 45.66.

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

BOM:531358' s Days Payable Range Over the Past 10 Years
Min: 33.23 Med: 56.95 Max: 497.99
Current: 33.23

During the past 13 years, Choice International's highest Days Payable was 497.99. The lowest was 33.23. And the median was 56.95.

BOM:531358's Days Payable is ranked worse than
69.7% of 528 companies
in the Capital Markets industry
Industry Median: 108.18 vs BOM:531358: 33.23

Choice International's Days Payable declined from Dec. 2022 (67.45) to Dec. 2023 (45.66). It may suggest that Choice International accelerated paying its suppliers.

Choice International Days Payable Historical Data

The historical data trend for Choice International'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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Choice International Days Payable Chart

Choice International Annual Data

Trend

Mar14

Mar15

Mar16

Mar17

Mar18

Mar19

Mar20

Mar21

Mar22

Mar23

Days Payable

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61.78

45.20

52.11

47.28

41.96

Choice International 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															67.45	20.31	55.69	48.45	45.66

Competitive Comparison of Choice International's Days Payable

For the Capital Markets subindustry, Choice International'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.

Choice International's Days Payable Distribution in the Capital Markets Industry

For the Capital Markets industry and Financial Services sector, Choice International's Days Payable distribution charts can be found below:

* The bar in red indicates where Choice International's Days Payable falls into.

Choice International 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.

Choice International'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
=	( (174.652	+	287.154)	/	2 )	/	2008.384	*	365
=	230.903					/	2008.384	*	365
=	41.96

Choice International'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
=	( (286.656	+	0)	/	1 )	/	572.911	*	365 / 4
=	286.656					/	572.911	*	365 / 4
=	45.66

Choice International Days Payable Related Terms

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Choice International (BOM:531358) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Financial Services » Capital Markets » Choice International Ltd (BOM:531358) » Definitions » Days Payable

Comparable Companies

Traded in Other Exchanges

CHOICEIN:India

Address

Shree Shakambhari Corporate Park, Plot No.156-158, Chakravorty Ashok Society, J.B. Nagar, Andheri (East), Mumbai, MH, IND, 400099

Website

https://www.choiceindia.com

Choice International Ltd is a company engaged in providing financial services. It operates through the segments of NBFC services, Broking & Distribution and Advisory services. The company generates a majority of the revenue from Broking and distribution services. It offers services like equity trading, commodity derivative trading, financial planning, currency futures trading, fund distribution, and structured products. The company conducts its business operations mainly in India.

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