MIRC Electronics (BOM:500279) Days Payable : 116.18 (As of Dec. 2023)

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What is MIRC Electronics Days Payable?

MIRC Electronics's average Accounts Payable for the three months ended in Dec. 2023 was ₹3,247 Mil. MIRC Electronics's Cost of Goods Sold for the three months ended in Dec. 2023 was ₹2,550 Mil. Hence, MIRC Electronics's Days Payable for the three months ended in Dec. 2023 was 116.18.

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

BOM:500279' s Days Payable Range Over the Past 10 Years
Min: 70.74 Med: 131.83 Max: 169.13
Current: 137.61

During the past 13 years, MIRC Electronics's highest Days Payable was 169.13. The lowest was 70.74. And the median was 131.83.

BOM:500279's Days Payable is ranked better than
83.99% of 406 companies
in the Furnishings, Fixtures & Appliances industry
Industry Median: 67.135 vs BOM:500279: 137.61

MIRC Electronics's Days Payable declined from Dec. 2022 (128.21) to Dec. 2023 (116.18). It may suggest that MIRC Electronics accelerated paying its suppliers.

MIRC Electronics Days Payable Historical Data

The historical data trend for MIRC Electronics'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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MIRC Electronics Days Payable Chart

MIRC Electronics Annual Data

Trend

Mar14

Mar15

Mar16

Mar17

Mar18

Mar19

Mar20

Mar21

Mar22

Mar23

Days Payable

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151.53

169.13

162.17

123.67

113.70

MIRC Electronics 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															128.21	101.49	125.03	180.89	116.18

Competitive Comparison of MIRC Electronics's Days Payable

For the Furnishings, Fixtures & Appliances subindustry, MIRC Electronics'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.

MIRC Electronics's Days Payable Distribution in the Furnishings, Fixtures & Appliances Industry

For the Furnishings, Fixtures & Appliances industry and Consumer Cyclical sector, MIRC Electronics's Days Payable distribution charts can be found below:

* The bar in red indicates where MIRC Electronics's Days Payable falls into.

MIRC Electronics 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.

MIRC Electronics'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
=	( (3834.538	+	2144.1)	/	2 )	/	9596.7	*	365
=	2989.319					/	9596.7	*	365
=	113.70

MIRC Electronics'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
=	( (3247.1	+	0)	/	1 )	/	2550.4	*	365 / 4
=	3247.1					/	2550.4	*	365 / 4
=	116.18

MIRC Electronics Days Payable Related Terms

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MIRC Electronics (BOM:500279) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Consumer Cyclical » Furnishings, Fixtures & Appliances » MIRC Electronics Ltd (BOM:500279) » Definitions » Days Payable

Comparable Companies

Traded in Other Exchanges

MIRCELECTR:India

Address

Mahakali Caves Road, MIDC, G-1, Onida House, Andheri (East), Mumbai, MH, IND, 400093

Website

https://www.onida.com

MIRC Electronics Ltd is engaged in the manufacturing and trading of consumer electronic products. Its product portfolio includes televisions, air conditioners, washing machines, microwave ovens, refrigerators, health care, air coolers, and dishwashers. It has plants located in Wada, Roorkee, and Chiplun.

MIRC Electronics (BOM:500279) Headlines

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