Majestic Auto (BOM:500267) Days Payable : 38.75 (As of Mar. 2024)

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What is Majestic Auto Days Payable?

Majestic Auto's average Accounts Payable for the three months ended in Mar. 2024 was ₹8.2 Mil. Majestic Auto's Cost of Goods Sold for the three months ended in Mar. 2024 was ₹19.4 Mil. Hence, Majestic Auto's Days Payable for the three months ended in Mar. 2024 was 38.75.

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

BOM:500267' s Days Payable Range Over the Past 10 Years
Min: 25.61 Med: 60.93 Max: 982.5
Current: 25.61

During the past 13 years, Majestic Auto's highest Days Payable was 982.50. The lowest was 25.61. And the median was 60.93.

BOM:500267's Days Payable is ranked worse than
84.09% of 1578 companies
in the Real Estate industry
Industry Median: 99.725 vs BOM:500267: 25.61

Majestic Auto's Days Payable increased from Mar. 2023 (29.25) to Mar. 2024 (38.75). It may suggest that Majestic Auto delayed paying its suppliers.

Majestic Auto Days Payable Historical Data

The historical data trend for Majestic Auto'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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Majestic Auto Days Payable Chart

Majestic Auto Annual Data

Trend

Mar15

Mar16

Mar17

Mar18

Mar19

Mar20

Mar21

Mar22

Mar23

Mar24

Days Payable

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61.34

66.05

60.23

36.80

26.31

Majestic Auto 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															29.25	28.52	14.50	32.69	38.75

Competitive Comparison of Majestic Auto's Days Payable

For the Real Estate Services subindustry, Majestic Auto'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.

Majestic Auto's Days Payable Distribution in the Real Estate Industry

For the Real Estate industry and Real Estate sector, Majestic Auto's Days Payable distribution charts can be found below:

* The bar in red indicates where Majestic Auto's Days Payable falls into.

Majestic Auto 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.

Majestic Auto'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
=	( (7.464	+	8.235)	/	2 )	/	108.88	*	365
=	7.8495					/	108.88	*	365
=	26.31

Majestic Auto'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	+	8.235)	/	1 )	/	19.393	*	365 / 4
=	8.235					/	19.393	*	365 / 4
=	38.75

Majestic Auto Days Payable Related Terms

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Majestic Auto (BOM:500267) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Real Estate » Real Estate » Majestic Auto Ltd (BOM:500267) » Definitions » Days Payable

Comparable Companies

Traded in Other Exchanges

N/A

Address

A-110, Sector-4, Ground Floor, Noida, UP, IND, 201301

Website

https://www.majesticauto.in

Majestic Auto Ltd is engaged in the business of providing facility management services. Its operating segment is Real estate and management services and Rental. It generates revenue from the sale of Land and constructed Properties and from facility management services.

Majestic Auto (BOM:500267) Headlines

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