Maks Energy Solutions India (NSE:MAKS) Days Payable : 30.79 (As of Mar. 2023)

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What is Maks Energy Solutions India Days Payable?

Maks Energy Solutions India's average Accounts Payable for the six months ended in Mar. 2023 was ₹33.6 Mil. Maks Energy Solutions India's Cost of Goods Sold for the six months ended in Mar. 2023 was ₹397.8 Mil. Hence, Maks Energy Solutions India's Days Payable for the six months ended in Mar. 2023 was 15.40.

The historical rank and industry rank for Maks Energy Solutions India's Days Payable or its related term are showing as below:

NSE:MAKS' s Days Payable Range Over the Past 10 Years
Min: 30.79 Med: 96.09 Max: 163.88
Current: 30.79

During the past 4 years, Maks Energy Solutions India's highest Days Payable was 163.88. The lowest was 30.79. And the median was 96.09.

NSE:MAKS's Days Payable is ranked worse than
87.89% of 2931 companies
in the Industrial Products industry
Industry Median: 76.43 vs NSE:MAKS: 30.79

Maks Energy Solutions India's Days Payable declined from Mar. 2021 (163.88) to Mar. 2023 (30.79). It may suggest that Maks Energy Solutions India accelerated paying its suppliers.

Maks Energy Solutions India Days Payable Historical Data

The historical data trend for Maks Energy Solutions India'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.

Maks Energy Solutions India Days Payable Chart

Maks Energy Solutions India Annual Data

Trend

Mar20

Mar21

Mar22

Mar23

Days Payable

101.73

163.88

90.45

30.79

Maks Energy Solutions India Semi-Annual Data
	Mar20	Mar21	Mar22	Mar23
Days Payable	101.73	163.88	90.45	30.79

Competitive Comparison of Maks Energy Solutions India's Days Payable

For the Specialty Industrial Machinery subindustry, Maks Energy Solutions India'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.

Maks Energy Solutions India's Days Payable Distribution in the Industrial Products Industry

For the Industrial Products industry and Industrials sector, Maks Energy Solutions India's Days Payable distribution charts can be found below:

* The bar in red indicates where Maks Energy Solutions India's Days Payable falls into.

Maks Energy Solutions India 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.

Maks Energy Solutions India'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
=	( (48.636	+	18.493)	/	2 )	/	397.828	*	365
=	33.5645					/	397.828	*	365
=	30.79

Maks Energy Solutions India's Days Payable for the quarter that ended in Mar. 2023 is calculated as:

	Days Payable (Q: Mar. 2023 )
=	Average Accounts Payable					/	Cost of Goods Sold	*	Days in Period
=	( (Accounts Payable (Q: Mar. 2022 )	+	Accounts Payable (Q: Mar. 2023 ))	/	count )	/	Cost of Goods Sold (Q: Mar. 2023 )	*	Days in Period
=	( (48.636	+	18.493)	/	2 )	/	397.828	*	365 / 2
=	33.5645					/	397.828	*	365 / 2
=	15.40

Maks Energy Solutions India Days Payable Related Terms

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Maks Energy Solutions India (NSE:MAKS) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Industrials » Industrial Products » Maks Energy Solutions India Ltd (NSE:MAKS) » Definitions » Days Payable

Comparable Companies

Traded in Other Exchanges

N/A

Address

Shubham Society, Showroom-1, 599/600 Rasta Peth, Near- Parsi Agyari, Pune, MH, IND, 411011

Website

https://www.maksgenerators.com

Maks Energy Solutions India Ltd is engaged in the business of trading, dealing, assembling, selling, installing, testing, and commissioning generator and Diesel Generator sets. The company's products include Tata generators, Cummins generators, Perkins generators, and Spare parts. The company also has dealers outside India in Europe, Latin America, the USA, Singapore, the Middle East, Africa, Thailand, Nepal, Sri Lanka, and many other countries.

Maks Energy Solutions India (NSE:MAKS) Headlines

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