Fusion Micro Finance (NSE:FUSION) Days Payable : 18.33 (As of Mar. 2024)

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What is Fusion Micro Finance Days Payable?

Fusion Micro Finance's average Accounts Payable for the three months ended in Mar. 2024 was ₹677 Mil. Fusion Micro Finance's Cost of Goods Sold for the three months ended in Mar. 2024 was ₹3,371 Mil. Hence, Fusion Micro Finance's Days Payable for the three months ended in Mar. 2024 was 18.33.

The historical rank and industry rank for Fusion Micro Finance's Days Payable or its related term are showing as below:

NSE:FUSION' s Days Payable Range Over the Past 10 Years
Min: 3.17 Med: 12.76 Max: 24.98
Current: 24.98

During the past 5 years, Fusion Micro Finance's highest Days Payable was 24.98. The lowest was 3.17. And the median was 12.76.

NSE:FUSION's Days Payable is ranked worse than
63.96% of 283 companies
in the Credit Services industry
Industry Median: 43.72 vs NSE:FUSION: 24.98

Fusion Micro Finance's Days Payable declined from Mar. 2023 (28.17) to Mar. 2024 (18.33). It may suggest that Fusion Micro Finance accelerated paying its suppliers.

Fusion Micro Finance Days Payable Historical Data

The historical data trend for Fusion Micro Finance'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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Fusion Micro Finance Days Payable Chart

Fusion Micro Finance Annual Data

Trend

Mar20

Mar21

Mar22

Mar23

Mar24

Days Payable

3.17

5.35

12.76

22.40

22.27

Fusion Micro Finance Quarterly Data
	Mar20	Mar21	Jun21	Dec21	Mar22	Jun22	Sep22	Dec22	Mar23	Jun23	Sep23	Dec23	Mar24
Days Payable	Get a 7-Day Free Trial								28.17	26.40	32.00	29.64	18.33

Competitive Comparison of Fusion Micro Finance's Days Payable

For the Credit Services subindustry, Fusion Micro Finance'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.

Fusion Micro Finance's Days Payable Distribution in the Credit Services Industry

For the Credit Services industry and Financial Services sector, Fusion Micro Finance's Days Payable distribution charts can be found below:

* The bar in red indicates where Fusion Micro Finance's Days Payable falls into.

Fusion Micro Finance 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.

Fusion Micro Finance'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
=	( (813.95	+	677.3)	/	2 )	/	12220.5	*	365
=	745.625					/	12220.5	*	365
=	22.27

Fusion Micro Finance'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	+	677.3)	/	1 )	/	3371.1	*	365 / 4
=	677.3					/	3371.1	*	365 / 4
=	18.33

Fusion Micro Finance Days Payable Related Terms

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Fusion Micro Finance (NSE:FUSION) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Financial Services » Credit Services » Fusion Micro Finance Ltd (NSE:FUSION) » Definitions » Days Payable

Comparable Companies

Traded in Other Exchanges

543652:India

Address

Plot No. 86, Institutional Sector - 32, Gurugram, HR, IND, 122001

Website

https://www.fusionmicrofinance.com

Fusion Micro Finance Ltd is engaged in micro finance lending activities, providing financial services to poor women in India who are organized as Joint Liability Group (JLGs). The company provides small value collateral free loans. Apart from micro finance lending, the company also has lending to MSME enterprises. It uses its distribution channel to provide other financial products and services to the members relate to providing of loans to the members for the purchase of certain productivity enhancing products such as mobile handsets, bicycle.

Fusion Micro Finance (NSE:FUSION) Headlines

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