Ambition Mica (BOM:539223) Days Payable : 115.38 (As of Jun. 2023)

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What is Ambition Mica Days Payable?

Ambition Mica's average Accounts Payable for the three months ended in Jun. 2023 was ₹46.2 Mil. Ambition Mica's Cost of Goods Sold for the three months ended in Jun. 2023 was ₹36.5 Mil. Hence, Ambition Mica's Days Payable for the three months ended in Jun. 2023 was 115.38.

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

BOM:539223' s Days Payable Range Over the Past 10 Years
Min: 100.9 Med: 155.22 Max: 284.34
Current: 176.67

During the past 10 years, Ambition Mica's highest Days Payable was 284.34. The lowest was 100.90. And the median was 155.22.

BOM:539223's Days Payable is ranked better than
92.4% of 408 companies
in the Furnishings, Fixtures & Appliances industry
Industry Median: 66.98 vs BOM:539223: 176.67

Ambition Mica's Days Payable declined from Jun. 2022 (164.79) to Jun. 2023 (115.38). It may suggest that Ambition Mica accelerated paying its suppliers.

Ambition Mica Days Payable Historical Data

The historical data trend for Ambition Mica'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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Ambition Mica Days Payable Chart

Ambition Mica Annual Data

Trend

Mar14

Mar15

Mar16

Mar17

Mar18

Mar19

Mar20

Mar21

Mar22

Mar23

Days Payable

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159.80

192.94

284.34

100.90

231.82

Ambition Mica Quarterly Data
	Sep18	Dec18	Mar19	Jun19	Sep19	Dec19	Mar20	Jun20	Sep20	Dec20	Mar21	Jun21	Sep21	Dec21	Mar22	Jun22	Sep22	Dec22	Mar23	Jun23
Days Payable	Get a 7-Day Free Trial															164.79	75.66	165.60	207.11	115.38

Competitive Comparison of Ambition Mica's Days Payable

For the Furnishings, Fixtures & Appliances subindustry, Ambition Mica'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.

Ambition Mica's Days Payable Distribution in the Furnishings, Fixtures & Appliances Industry

For the Furnishings, Fixtures & Appliances industry and Consumer Cyclical sector, Ambition Mica's Days Payable distribution charts can be found below:

* The bar in red indicates where Ambition Mica's Days Payable falls into.

Ambition Mica 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.

Ambition Mica'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
=	( (112.14	+	46.207)	/	2 )	/	124.66	*	365
=	79.1735					/	124.66	*	365
=	231.82

Ambition Mica's Days Payable for the quarter that ended in Jun. 2023 is calculated as:

	Days Payable (Q: Jun. 2023 )
=	Average Accounts Payable					/	Cost of Goods Sold	*	Days in Period
=	( (Accounts Payable (Q: Mar. 2023 )	+	Accounts Payable (Q: Jun. 2023 ))	/	count )	/	Cost of Goods Sold (Q: Jun. 2023 )	*	Days in Period
=	( (46.207	+	0)	/	1 )	/	36.544	*	365 / 4
=	46.207					/	36.544	*	365 / 4
=	115.38

Ambition Mica Days Payable Related Terms

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Ambition Mica (BOM:539223) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Consumer Cyclical » Furnishings, Fixtures & Appliances » Ambition Mica Ltd (BOM:539223) » Definitions » Days Payable

Comparable Companies

Traded in Other Exchanges

N/A

Address

Anand Timber Mart Compound, Behind Karnavati Hospital, Opposite Saijpur Tower, Saijpur Bogha, Ahmedabad, GJ, IND, 382345

Website

https://www.ambitionmica.com

Ambition Mica Ltd operates in the laminate industry. The company is engaged in the manufacturing of decorative laminates and door skins. It markets laminates and door skin under brands like Antique, Art Lam, Antique Aurum, Antique Natural Wood, Boutique, and Micro Touch.

Ambition Mica (BOM:539223) Headlines

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