Dhani Services (BOM:532960) Days Payable : 14.92 (As of Dec. 2023)

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What is Dhani Services Days Payable?

Dhani Services's average Accounts Payable for the three months ended in Dec. 2023 was ₹180 Mil. Dhani Services's Cost of Goods Sold for the three months ended in Dec. 2023 was ₹1,104 Mil. Hence, Dhani Services's Days Payable for the three months ended in Dec. 2023 was 14.92.

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

BOM:532960' s Days Payable Range Over the Past 10 Years
Min: 4.29 Med: 23.5 Max: 38.84
Current: 15.11

During the past 13 years, Dhani Services's highest Days Payable was 38.84. The lowest was 4.29. And the median was 23.50.

BOM:532960's Days Payable is ranked worse than
76.51% of 281 companies
in the Credit Services industry
Industry Median: 48.71 vs BOM:532960: 15.11

Dhani Services's Days Payable increased from Dec. 2022 (14.32) to Dec. 2023 (14.92). It may suggest that Dhani Services delayed paying its suppliers.

Dhani Services Days Payable Historical Data

The historical data trend for Dhani 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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Dhani Services Days Payable Chart

Dhani Services Annual Data

Trend

Mar14

Mar15

Mar16

Mar17

Mar18

Mar19

Mar20

Mar21

Mar22

Mar23

Days Payable

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24.26

26.79

38.84

32.46

36.70

Dhani Services 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															14.32	10.34	17.08	14.59	14.92

Competitive Comparison of Dhani Services's Days Payable

For the Credit Services subindustry, Dhani 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.

Dhani Services's Days Payable Distribution in the Credit Services Industry

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

* The bar in red indicates where Dhani Services's Days Payable falls into.

Dhani 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.

Dhani 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
=	( (1262.731	+	208.502)	/	2 )	/	7315.317	*	365
=	735.6165					/	7315.317	*	365
=	36.70

Dhani 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
=	( (180.434	+	0)	/	1 )	/	1103.695	*	365 / 4
=	180.434					/	1103.695	*	365 / 4
=	14.92

Dhani Services Days Payable Related Terms

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Dhani Services (BOM:532960) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Financial Services » Credit Services » Dhani Services Ltd (BOM:532960) » Definitions » Days Payable

Comparable Companies

Traded in Other Exchanges

DHANI:India

Address

4th Floor, S. B. Marg, One International Centre, Tower 1, Elphinstone (West), Mumbai, MH, IND, 400013

Website

https://www.dhanistocks.com

Dhani Services Ltd is a capital market company providing securities and derivative broking services. It is registered with SEBI as a Stock Broker, a Depository Participant, a Research Analyst, and a Merchant Banker in Category I. The company's products include Equity Trading, Derivative Trading, Commodity Trading, Currency Trading, and IPO. It is also engaged in Credit Line, Online Pharmacy, Payments services.

Dhani Services (BOM:532960) Headlines

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