Finolex Cables (BOM:500144) Days Payable : 19.26 (As of Mar. 2024)

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What is Finolex Cables Days Payable?

Finolex Cables's average Accounts Payable for the three months ended in Mar. 2024 was ₹2,342 Mil. Finolex Cables's Cost of Goods Sold for the three months ended in Mar. 2024 was ₹11,096 Mil. Hence, Finolex Cables's Days Payable for the three months ended in Mar. 2024 was 19.26.

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

BOM:500144' s Days Payable Range Over the Past 10 Years
Min: 10.49 Med: 22.24 Max: 30.65
Current: 19.15

During the past 13 years, Finolex Cables's highest Days Payable was 30.65. The lowest was 10.49. And the median was 22.24.

BOM:500144's Days Payable is ranked worse than
95.2% of 2936 companies
in the Industrial Products industry
Industry Median: 76.705 vs BOM:500144: 19.15

Finolex Cables's Days Payable increased from Mar. 2023 (17.01) to Mar. 2024 (19.26). It may suggest that Finolex Cables delayed paying its suppliers.

Finolex Cables Days Payable Historical Data

The historical data trend for Finolex Cables'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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Finolex Cables Days Payable Chart

Finolex Cables Annual Data

Trend

Mar15

Mar16

Mar17

Mar18

Mar19

Mar20

Mar21

Mar22

Mar23

Mar24

Days Payable

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28.29

25.35

18.94

17.52

19.13

Finolex Cables Quarterly Data
	Jun19	Sep19	Dec19	Mar20	Jun20	Sep20	Dec20	Mar21	Jun21	Sep21	Dec21	Mar22	Jun22	Sep22	Dec22	Mar23	Jun23	Sep23	Dec23	Mar24
Days Payable	Get a 7-Day Free Trial															17.01	17.25	20.54	19.63	19.26

Competitive Comparison of Finolex Cables's Days Payable

For the Electrical Equipment & Parts subindustry, Finolex Cables'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.

Finolex Cables's Days Payable Distribution in the Industrial Products Industry

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

* The bar in red indicates where Finolex Cables's Days Payable falls into.

Finolex Cables 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.

Finolex Cables's Days Payable for the fiscal year that ended in Mar. 2024 is calculated as

	Days Payable (A: Mar. 2024 )
=	Average Accounts Payable					/	Cost of Goods Sold	*	Days in Period
=	( (Accounts Payable (A: Mar. 2023 )	+	Accounts Payable (A: Mar. 2024 ))	/	count )	/	Cost of Goods Sold (A: Mar. 2024 )	*	Days in Period
=	( (1795.8	+	2342.1)	/	2 )	/	39483.3	*	365
=	2068.95					/	39483.3	*	365
=	19.13

Finolex Cables's Days Payable for the quarter that ended in Mar. 2024 is calculated as:

	Days Payable (Q: Mar. 2024 )
=	Average Accounts Payable					/	Cost of Goods Sold	*	Days in Period
=	( (Accounts Payable (Q: Dec. 2023 )	+	Accounts Payable (Q: Mar. 2024 ))	/	count )	/	Cost of Goods Sold (Q: Mar. 2024 )	*	Days in Period
=	( (0	+	2342.1)	/	1 )	/	11095.6	*	365 / 4
=	2342.1					/	11095.6	*	365 / 4
=	19.26

Finolex Cables Days Payable Related Terms

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Finolex Cables (BOM:500144) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Industrials » Industrial Products » Finolex Cables Ltd (BOM:500144) » Definitions » Days Payable

Traded in Other Exchanges

FINCABLES:India

Address

26-27 Mumbai-Pune Road, Pimpri, Pune, MH, IND, 411018

Website

https://finolex.com

Finolex Cables Ltd is an electronic components company. The operating segments of the group are Electrical cables, Communication cables, Copper rods and Others - Trading of Electrical and other goods. It derives a majority of revenue from the Electrical cables segment. The group offers products like Wires and cables, Optical fibre cables, Switches, LED lightings, Fans, MCB, Water heater and other products. Geographically the business presence of the firm can be seen in the Indian and International market.

Finolex Cables (BOM:500144) Headlines

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