QMS Medical Allied Services (NSE:QMSMEDI) Days Payable : 29.76 (As of Dec. 2023)

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What is QMS Medical Allied Services Days Payable?

QMS Medical Allied Services's average Accounts Payable for the three months ended in Dec. 2023 was ₹79 Mil. QMS Medical Allied Services's Cost of Goods Sold for the three months ended in Dec. 2023 was ₹241 Mil. Hence, QMS Medical Allied Services's Days Payable for the three months ended in Dec. 2023 was 29.76.

The historical rank and industry rank for QMS Medical Allied Services's Days Payable or its related term are showing as below:

NSE:QMSMEDI' s Days Payable Range Over the Past 10 Years
Min: 58.07 Med: 68.97 Max: 84.96
Current: 60.48

During the past 4 years, QMS Medical Allied Services's highest Days Payable was 84.96. The lowest was 58.07. And the median was 68.97.

NSE:QMSMEDI's Days Payable is ranked worse than
58.65% of 786 companies
in the Medical Devices & Instruments industry
Industry Median: 72.67 vs NSE:QMSMEDI: 60.48

QMS Medical Allied Services's Days Payable increased from Dec. 2022 (0.00) to Dec. 2023 (29.76). It may suggest that QMS Medical Allied Services delayed paying its suppliers.

QMS Medical Allied Services Days Payable Historical Data

The historical data trend for QMS Medical Allied Services'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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QMS Medical Allied Services Days Payable Chart

QMS Medical Allied Services Annual Data

Trend

Mar20

Mar21

Mar22

Mar23

Days Payable

78.26

59.68

58.07

84.96

QMS Medical Allied Services Quarterly Data
	Mar20	Mar21	Mar22	Jun22	Sep22	Dec22	Mar23	Jun23	Sep23	Dec23
Days Payable	Get a 7-Day Free Trial					-	75.48	108.06	39.24	29.76

Competitive Comparison of QMS Medical Allied Services's Days Payable

For the Medical Instruments & Supplies subindustry, QMS Medical Allied Services'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.

QMS Medical Allied Services's Days Payable Distribution in the Medical Devices & Instruments Industry

For the Medical Devices & Instruments industry and Healthcare sector, QMS Medical Allied Services's Days Payable distribution charts can be found below:

* The bar in red indicates where QMS Medical Allied Services's Days Payable falls into.

QMS Medical Allied Services 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.

QMS Medical Allied Services'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
=	( (169.083	+	193.474)	/	2 )	/	778.843	*	365
=	181.2785					/	778.843	*	365
=	84.96

QMS Medical Allied Services'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
=	( (78.596	+	0)	/	1 )	/	241.009	*	365 / 4
=	78.596					/	241.009	*	365 / 4
=	29.76

QMS Medical Allied Services Days Payable Related Terms

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QMS Medical Allied Services (NSE:QMSMEDI) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Healthcare » Medical Devices & Instruments » QMS Medical Allied Services Ltd (NSE:QMSMEDI) » Definitions » Days Payable

Comparable Companies

Traded in Other Exchanges

N/A

Address

Prabhat Colony, Road No. 3, 1A-B/2A-B, Navkala Bharti Building, Plot No. 16, Near Santacruz Bus Depot, Santacruz (East), Mumbai, MH, IND, 400055

Website

https://qmsmas.com

QMS Medical Allied Services Ltd is engaged in the marketing and distribution of a wide range of medical products as well as medical education services. The company's products are sold under brand name "QDevices" and also manage the distribution for other brands such as 3M, Heine, Rossmax and others. It offers medical products such as Blood Pressure Monitors, Glucose Monitoring Kits and strips, Dental Products, Personal protection kits eg-PPE kits, Infection prevention, Stethoscope and Oxygen Concentrator.

QMS Medical Allied Services (NSE:QMSMEDI) Headlines

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