Menon Bearings (BOM:523828) Days Payable : 51.14 (As of Dec. 2023)

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What is Menon Bearings Days Payable?

Menon Bearings's average Accounts Payable for the three months ended in Dec. 2023 was ₹114 Mil. Menon Bearings's Cost of Goods Sold for the three months ended in Dec. 2023 was ₹204 Mil. Hence, Menon Bearings's Days Payable for the three months ended in Dec. 2023 was 51.14.

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

BOM:523828' s Days Payable Range Over the Past 10 Years
Min: 45.83 Med: 53.63 Max: 68.53
Current: 45.83

During the past 13 years, Menon Bearings's highest Days Payable was 68.53. The lowest was 45.83. And the median was 53.63.

BOM:523828's Days Payable is ranked worse than
69.33% of 1265 companies
in the Vehicles & Parts industry
Industry Median: 65.48 vs BOM:523828: 45.83

Menon Bearings's Days Payable declined from Dec. 2022 (61.07) to Dec. 2023 (51.14). It may suggest that Menon Bearings accelerated paying its suppliers.

Menon Bearings Days Payable Historical Data

The historical data trend for Menon Bearings'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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Menon Bearings Days Payable Chart

Menon Bearings Annual Data

Trend

Mar14

Mar15

Mar16

Mar17

Mar18

Mar19

Mar20

Mar21

Mar22

Mar23

Days Payable

Get a 7-Day Free Trial

49.98

64.72

63.86

48.59

46.04

Menon Bearings Quarterly Data
	Mar19	Jun19	Sep19	Dec19	Mar20	Jun20	Sep20	Dec20	Mar21	Jun21	Sep21	Dec21	Mar22	Jun22	Sep22	Dec22	Mar23	Jun23	Sep23	Dec23
Days Payable	Get a 7-Day Free Trial															61.07	33.01	52.95	53.56	51.14

Competitive Comparison of Menon Bearings's Days Payable

For the Auto Parts subindustry, Menon Bearings'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.

Menon Bearings's Days Payable Distribution in the Vehicles & Parts Industry

For the Vehicles & Parts industry and Consumer Cyclical sector, Menon Bearings's Days Payable distribution charts can be found below:

* The bar in red indicates where Menon Bearings's Days Payable falls into.

Menon Bearings 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.

Menon Bearings'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
=	( (131.938	+	125.639)	/	2 )	/	1021.066	*	365
=	128.7885					/	1021.066	*	365
=	46.04

Menon Bearings'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
=	( (114.097	+	0)	/	1 )	/	203.577	*	365 / 4
=	114.097					/	203.577	*	365 / 4
=	51.14

Menon Bearings Days Payable Related Terms

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Menon Bearings (BOM:523828) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Consumer Cyclical » Vehicles & Parts » Menon Bearings Ltd (BOM:523828) » Definitions » Days Payable

Comparable Companies

Traded in Other Exchanges

MENONBE:India

Address

G-1, MIDC, Gokul, Shirgaon, Kolhapur, MH, IND, 416 234

Website

https://www.menonbearings.in

Menon Bearings Ltd is engaged in the manufacturing of auto components. The company products include bi-metal Engine bearings, Bushes and Thrust Washers for light and heavy automobile engines, two-wheeler engines as well as compressors for refrigerators, air conditioners, and others. Its bearing products include bearings for connecting rods, flanged bearings, and tri-metal bearings. The thrust washers include washers with thrust face contours and ring-type thrust washers. It offers truncated bushes for connecting rods; ball indented bushes; bushes for connecting rods; rocker arms and rock shafts. It has one business segment namely Auto Components.

Menon Bearings (BOM:523828) Headlines

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