Mitsu Chem Plast (BOM:540078) Days Payable : 37.02 (As of Mar. 2024)

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What is Mitsu Chem Plast Days Payable?

Mitsu Chem Plast's average Accounts Payable for the three months ended in Mar. 2024 was ₹214 Mil. Mitsu Chem Plast's Cost of Goods Sold for the three months ended in Mar. 2024 was ₹527 Mil. Hence, Mitsu Chem Plast's Days Payable for the three months ended in Mar. 2024 was 37.02.

The historical rank and industry rank for Mitsu Chem Plast's Days Payable or its related term are showing as below:

BOM:540078' s Days Payable Range Over the Past 10 Years
Min: 16.75 Med: 27.62 Max: 40.52
Current: 35.48

During the past 13 years, Mitsu Chem Plast's highest Days Payable was 40.52. The lowest was 16.75. And the median was 27.62.

BOM:540078's Days Payable is ranked worse than
75.4% of 1504 companies
in the Chemicals industry
Industry Median: 61.065 vs BOM:540078: 35.48

Mitsu Chem Plast's Days Payable declined from Mar. 2023 (39.37) to Mar. 2024 (37.02). It may suggest that Mitsu Chem Plast accelerated paying its suppliers.

Mitsu Chem Plast Days Payable Historical Data

The historical data trend for Mitsu Chem Plast'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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Mitsu Chem Plast Days Payable Chart

Mitsu Chem Plast Annual Data

Trend

Mar15

Mar16

Mar17

Mar18

Mar19

Mar20

Mar21

Mar22

Mar23

Mar24

Days Payable

Get a 7-Day Free Trial

34.77

27.98

27.25

33.72

40.52

Mitsu Chem Plast Quarterly Data
	Jun19	Sep19	Dec19	Mar20	Jun20	Sep20	Dec20	Mar21	Jun21	Sep21	Dec21	Mar22	Jun22	Sep22	Dec22	Mar23	Jun23	Sep23	Dec23	Mar24
Days Payable	Get a 7-Day Free Trial															39.37	40.18	25.60	27.93	37.02

Competitive Comparison of Mitsu Chem Plast's Days Payable

For the Specialty Chemicals subindustry, Mitsu Chem Plast'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.

Mitsu Chem Plast's Days Payable Distribution in the Chemicals Industry

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

* The bar in red indicates where Mitsu Chem Plast's Days Payable falls into.

Mitsu Chem Plast 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.

Mitsu Chem Plast's Days Payable for the fiscal year that ended in Mar. 2024 is calculated as

	Days Payable (A: Mar. 2024 )
=	Average Accounts Payable					/	Cost of Goods Sold	*	Days in Period
=	( (Accounts Payable (A: Mar. 2023 )	+	Accounts Payable (A: Mar. 2024 ))	/	count )	/	Cost of Goods Sold (A: Mar. 2024 )	*	Days in Period
=	( (235.612	+	214.025)	/	2 )	/	2025.178	*	365
=	224.8185					/	2025.178	*	365
=	40.52

Mitsu Chem Plast's Days Payable for the quarter that ended in Mar. 2024 is calculated as:

	Days Payable (Q: Mar. 2024 )
=	Average Accounts Payable					/	Cost of Goods Sold	*	Days in Period
=	( (Accounts Payable (Q: Dec. 2023 )	+	Accounts Payable (Q: Mar. 2024 ))	/	count )	/	Cost of Goods Sold (Q: Mar. 2024 )	*	Days in Period
=	( (0	+	214.025)	/	1 )	/	527.476	*	365 / 4
=	214.025					/	527.476	*	365 / 4
=	37.02

Mitsu Chem Plast Days Payable Related Terms

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Mitsu Chem Plast (BOM:540078) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Basic Materials » Chemicals » Mitsu Chem Plast Ltd (BOM:540078) » Definitions » Days Payable

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890198:India

Address

Din Dayal Upadhyay Marg, 329, 3rd Floor, Gala Complex, Mulund (West), Mumbai, MH, IND, 400080

Website

https://www.mitsuchem.com

Mitsu Chem Plast Ltd is a manufacturer of various products in blow molding, injection molding, and customized molding catering to the specific needs of customers. The products offered by the company include automotive components, molded industrial packaging, healthcare furniture, and infrastructural furniture. It operates in domestic as well as international markets.

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