Comrade Appliances (BOM:543921) Days Payable : 61.68 (As of Sep. 2023)

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What is Comrade Appliances Days Payable?

Comrade Appliances's average Accounts Payable for the six months ended in Sep. 2023 was ₹34.45 Mil. Comrade Appliances's Cost of Goods Sold for the six months ended in Sep. 2023 was ₹101.93 Mil. Hence, Comrade Appliances's Days Payable for the six months ended in Sep. 2023 was 61.68.

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

BOM:543921' s Days Payable Range Over the Past 10 Years
Min: 122.47 Med: 126.77 Max: 127.83
Current: 123.36

During the past 4 years, Comrade Appliances's highest Days Payable was 127.83. The lowest was 122.47. And the median was 126.77.

BOM:543921's Days Payable is ranked better than
79.65% of 403 companies
in the Furnishings, Fixtures & Appliances industry
Industry Median: 69.13 vs BOM:543921: 123.36

Comrade Appliances's Days Payable declined from Sep. 2022 (67.61) to Sep. 2023 (61.68). It may suggest that Comrade Appliances accelerated paying its suppliers.

Comrade Appliances Days Payable Historical Data

The historical data trend for Comrade Appliances'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.

* Premium members only.

Comrade Appliances Days Payable Chart

Comrade Appliances Annual Data

Trend

Mar20

Mar21

Mar22

Mar23

Days Payable

126.78

126.76

127.83

122.47

Comrade Appliances Semi-Annual Data
	Mar20	Mar21	Mar22	Sep22	Mar23	Sep23
Days Payable	Get a 7-Day Free Trial			-	-	67.61	-	61.68

Competitive Comparison of Comrade Appliances's Days Payable

For the Furnishings, Fixtures & Appliances subindustry, Comrade Appliances'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.

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

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

* The bar in red indicates where Comrade Appliances's Days Payable falls into.

Comrade Appliances 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.

Comrade Appliances'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
=	( (63.826	+	51.785)	/	2 )	/	172.283	*	365
=	57.8055					/	172.283	*	365
=	122.47

Comrade Appliances's Days Payable for the quarter that ended in Sep. 2023 is calculated as:

	Days Payable (Q: Sep. 2023 )
=	Average Accounts Payable					/	Cost of Goods Sold	*	Days in Period
=	( (Accounts Payable (Q: Mar. 2023 )	+	Accounts Payable (Q: Sep. 2023 ))	/	count )	/	Cost of Goods Sold (Q: Sep. 2023 )	*	Days in Period
=	( (51.785	+	17.116)	/	2 )	/	101.929	*	365 / 2
=	34.4505					/	101.929	*	365 / 2
=	61.68

Comrade Appliances Days Payable Related Terms

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Comrade Appliances (BOM:543921) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Consumer Cyclical » Furnishings, Fixtures & Appliances » Comrade Appliances Ltd (BOM:543921) » Definitions » Days Payable

Comparable Companies

Traded in Other Exchanges

N/A

Address

183-186, S.V. Road, Shop No. 39, Ground Level I, Dewan Centre, Jogeshwari West, Mumbai, MH, IND, 400102

Website

https://www.comrade.net.in

Comrade Appliances Ltd is engaged in the process of manufacturing an extensive array of Air Coolers and Electric Geysers. The company manufactures consumer durable goods and assembles a wide array of products and provides end-to-end product solutions. It serves under both original equipment manufacturer (OEM) and original design manufacturer (ODM) business models. The Company operates in one Geographical Segment namely within India.

Comrade Appliances (BOM:543921) Headlines

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