Macpower CNC Machines (NSE:MACPOWER) Days Payable : 90.25 (As of Dec. 2023)

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What is Macpower CNC Machines Days Payable?

Macpower CNC Machines's average Accounts Payable for the three months ended in Dec. 2023 was ₹444 Mil. Macpower CNC Machines's Cost of Goods Sold for the three months ended in Dec. 2023 was ₹448 Mil. Hence, Macpower CNC Machines's Days Payable for the three months ended in Dec. 2023 was 90.25.

The historical rank and industry rank for Macpower CNC Machines's Days Payable or its related term are showing as below:

NSE:MACPOWER' s Days Payable Range Over the Past 10 Years
Min: 82.36 Med: 117.93 Max: 173.56
Current: 82.36

During the past 11 years, Macpower CNC Machines's highest Days Payable was 173.56. The lowest was 82.36. And the median was 117.93.

NSE:MACPOWER's Days Payable is ranked better than
53.68% of 2936 companies
in the Industrial Products industry
Industry Median: 76.765 vs NSE:MACPOWER: 82.36

Macpower CNC Machines's Days Payable declined from Dec. 2022 (95.27) to Dec. 2023 (90.25). It may suggest that Macpower CNC Machines accelerated paying its suppliers.

Macpower CNC Machines Days Payable Historical Data

The historical data trend for Macpower CNC Machines'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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Macpower CNC Machines Days Payable Chart

Macpower CNC Machines Annual Data

Trend

Mar14

Mar15

Mar16

Mar17

Mar18

Mar19

Mar20

Mar21

Mar22

Mar23

Days Payable

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121.97

173.56

147.94

111.02

85.08

Macpower CNC Machines Quarterly Data
	Mar18	Sep18	Mar19	Sep19	Mar20	Jun20	Sep20	Dec20	Mar21	Jun21	Sep21	Dec21	Mar22	Jun22	Sep22	Dec22	Mar23	Jun23	Sep23	Dec23
Days Payable	Get a 7-Day Free Trial															95.27	54.66	91.06	93.38	90.25

Competitive Comparison of Macpower CNC Machines's Days Payable

For the Specialty Industrial Machinery subindustry, Macpower CNC Machines'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.

Macpower CNC Machines's Days Payable Distribution in the Industrial Products Industry

For the Industrial Products industry and Industrials sector, Macpower CNC Machines's Days Payable distribution charts can be found below:

* The bar in red indicates where Macpower CNC Machines's Days Payable falls into.

Macpower CNC Machines 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.

Macpower CNC Machines'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
=	( (413.5	+	281.2)	/	2 )	/	1490.2	*	365
=	347.35					/	1490.2	*	365
=	85.08

Macpower CNC Machines'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
=	( (443.5	+	0)	/	1 )	/	448.4	*	365 / 4
=	443.5					/	448.4	*	365 / 4
=	90.25

Macpower CNC Machines Days Payable Related Terms

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Macpower CNC Machines (NSE:MACPOWER) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Industrials » Industrial Products » Macpower CNC Machines Ltd (NSE:MACPOWER) » Definitions » Days Payable

Comparable Companies

Traded in Other Exchanges

N/A

Address

Near Krnati Gate, Plot No. 2234, GIDC Metoda, Talu-Lodhika District, Rajkot, GJ, IND, 360021

Website

https://www.macpowercnc.com

Macpower CNC Machines Ltd is engaged in the manufacture of Computer numerical control (CNC) Turning Centers; Vertical Machining Centers, Horizontal Machining Centers, Cylindrical Grinder, Vertical Turret Lathe, Turn Mill Centers, Drill Tap Center, Twin Spindle VMC, and Multi-Tasking 5-axis along with sub-spindle. It also offers Robotic Automation integrated with CNC machines to cope with the demand for technology-driven machining excellence.

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