F Mec International Financial Services (BOM:539552) Days Payable : 72.55 (As of Dec. 2023)

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What is F Mec International Financial Services Days Payable?

F Mec International Financial Services's average Accounts Payable for the three months ended in Dec. 2023 was ₹1.60 Mil. F Mec International Financial Services's Cost of Goods Sold for the three months ended in Dec. 2023 was ₹2.01 Mil. Hence, F Mec International Financial Services's Days Payable for the three months ended in Dec. 2023 was 72.55.

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

BOM:539552' s Days Payable Range Over the Past 10 Years
Min: 11.47 Med: 122.84 Max: 255.33
Current: 114.58

During the past 9 years, F Mec International Financial Services's highest Days Payable was 255.33. The lowest was 11.47. And the median was 122.84.

BOM:539552's Days Payable is ranked better than
70.32% of 283 companies
in the Credit Services industry
Industry Median: 48.78 vs BOM:539552: 114.58

F Mec International Financial Services's Days Payable declined from Dec. 2022 (74.21) to Dec. 2023 (72.55). It may suggest that F Mec International Financial Services accelerated paying its suppliers.

F Mec International Financial Services Days Payable Historical Data

The historical data trend for F Mec International Financial Services'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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F Mec International Financial Services Days Payable Chart

F Mec International Financial Services Annual Data

Trend

Mar15

Mar16

Mar17

Mar18

Mar19

Mar20

Mar21

Mar22

Mar23

Days Payable

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11.47

138.59

242.55

255.33

83.35

F Mec International Financial Services 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															74.21	143.24	74.36	-	72.55

Competitive Comparison of F Mec International Financial Services's Days Payable

For the Credit Services subindustry, F Mec International Financial Services'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.

F Mec International Financial Services's Days Payable Distribution in the Credit Services Industry

For the Credit Services industry and Financial Services sector, F Mec International Financial Services's Days Payable distribution charts can be found below:

* The bar in red indicates where F Mec International Financial Services's Days Payable falls into.

F Mec International Financial Services 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.

F Mec International Financial Services'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
=	( (0.545	+	0.405)	/	2 )	/	2.08	*	365
=	0.475					/	2.08	*	365
=	83.35

F Mec International Financial Services'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
=	( (1.598	+	0)	/	1 )	/	2.01	*	365 / 4
=	1.598					/	2.01	*	365 / 4
=	72.55

F Mec International Financial Services Days Payable Related Terms

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F Mec International Financial Services (BOM:539552) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Financial Services » Credit Services » F Mec International Financial Services Ltd (BOM:539552) » Definitions » Days Payable

Comparable Companies

Traded in Other Exchanges

N/A

Address

15 K.G. Marg, 908, 9th Floor, Mercantile House, Delhi, IND, 110001

Website

https://www.fmecinternational.com

F Mec International Financial Services Ltd operates as a non-banking financial company. It provides financing solutions to corporates, real estate lending, and loans to Micro, Small, and Medium Enterprise (MSME) borrowers. It operates in a single segment being Financing and Consultancy. The majority of the revenue is derived from interest income.

F Mec International Financial Services (BOM:539552) Headlines

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