Mahan Industries (BOM:531515) Days Payable : 6.89 (As of Dec. 2023)

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What is Mahan Industries Days Payable?

Mahan Industries's average Accounts Payable for the three months ended in Dec. 2023 was ₹0.03 Mil. Mahan Industries's Cost of Goods Sold for the three months ended in Dec. 2023 was ₹0.44 Mil. Hence, Mahan Industries's Days Payable for the three months ended in Dec. 2023 was 6.89.

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

BOM:531515' s Days Payable Range Over the Past 10 Years
Min: 5.09 Med: 58.9 Max: 1026.41
Current: 15.92

During the past 13 years, Mahan Industries's highest Days Payable was 1026.41. The lowest was 5.09. And the median was 58.90.

BOM:531515's Days Payable is ranked worse than
84.12% of 466 companies
in the Asset Management industry
Industry Median: 71.64 vs BOM:531515: 15.92

Mahan Industries's Days Payable declined from Dec. 2022 (14.12) to Dec. 2023 (6.89). It may suggest that Mahan Industries accelerated paying its suppliers.

Mahan Industries Days Payable Historical Data

The historical data trend for Mahan Industries'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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Mahan Industries Days Payable Chart

Mahan Industries Annual Data

Trend

Mar14

Mar15

Mar16

Mar17

Mar18

Mar19

Mar20

Mar21

Mar22

Mar23

Days Payable

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105.71

9.26

8.36

5.09

12.09

Mahan Industries 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															14.12	19.70	35.38	1.44	6.89

Competitive Comparison of Mahan Industries's Days Payable

For the Asset Management subindustry, Mahan Industries'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.

Mahan Industries's Days Payable Distribution in the Asset Management Industry

For the Asset Management industry and Financial Services sector, Mahan Industries's Days Payable distribution charts can be found below:

* The bar in red indicates where Mahan Industries's Days Payable falls into.

Mahan Industries 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.

Mahan Industries'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
=	( (0.055	+	0.599)	/	2 )	/	9.875	*	365
=	0.327					/	9.875	*	365
=	12.09

Mahan Industries'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
=	( (0.033	+	0)	/	1 )	/	0.437	*	365 / 4
=	0.033					/	0.437	*	365 / 4
=	6.89

Mahan Industries Days Payable Related Terms

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Mahan Industries (BOM:531515) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Financial Services » Asset Management » Mahan Industries Ltd (BOM:531515) » Definitions » Days Payable

Comparable Companies

Traded in Other Exchanges

N/A

Address

Near Mithakhali Under Bridge, 3rd Floor, D. K. House, Mithakhali, Ahmedabad, GJ, IND, 380006

Website

https://www.mahan.co.in

Mahan Industries Ltd is an investment company. It is engaged in the business of investment in quoted and unquoted shares and trading in shares. The company provides equity capital to the companies and also offers loans and debts to companies, business entities and high net worth individuals. The company invests in middle-market companies.

Mahan Industries (BOM:531515) Headlines

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