Modi Rubber (BOM:500890) Days Payable : 345.48 (As of Dec. 2023)

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What is Modi Rubber Days Payable?

Modi Rubber's average Accounts Payable for the three months ended in Dec. 2023 was ₹98.52 Mil. Modi Rubber's Cost of Goods Sold for the three months ended in Dec. 2023 was ₹26.02 Mil. Hence, Modi Rubber's Days Payable for the three months ended in Dec. 2023 was 345.48.

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

BOM:500890' s Days Payable Range Over the Past 10 Years
Min: 67.71 Med: 503.28 Max: 19743.1
Current: 551.39

During the past 13 years, Modi Rubber's highest Days Payable was 19743.10. The lowest was 67.71. And the median was 503.28.

BOM:500890's Days Payable is ranked better than
89.04% of 1579 companies
in the Real Estate industry
Industry Median: 97.02 vs BOM:500890: 551.39

Modi Rubber's Days Payable increased from Dec. 2022 (129.33) to Dec. 2023 (345.48). It may suggest that Modi Rubber delayed paying its suppliers.

Modi Rubber Days Payable Historical Data

The historical data trend for Modi Rubber'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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Modi Rubber Days Payable Chart

Modi Rubber Annual Data

Trend

Mar14

Mar15

Mar16

Mar17

Mar18

Mar19

Mar20

Mar21

Mar22

Mar23

Days Payable

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503.28

1,063.98

Modi Rubber 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															129.33	438.63	-	-	345.48

Competitive Comparison of Modi Rubber's Days Payable

For the Real Estate Services subindustry, Modi Rubber'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.

Modi Rubber's Days Payable Distribution in the Real Estate Industry

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

* The bar in red indicates where Modi Rubber's Days Payable falls into.

Modi Rubber 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.

Modi Rubber'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
=	( (77.84	+	88.741)	/	2 )	/	28.573	*	365
=	83.2905					/	28.573	*	365
=	1,063.98

Modi Rubber'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
=	( (98.515	+	0)	/	1 )	/	26.02	*	365 / 4
=	98.515					/	26.02	*	365 / 4
=	345.48

Modi Rubber Days Payable Related Terms

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Modi Rubber (BOM:500890) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Real Estate » Real Estate » Modi Rubber Ltd (BOM:500890) » Definitions » Days Payable

Comparable Companies

Traded in Other Exchanges

MODIRUBBER:India

Address

4-7C, DDA Shopping Centre, New Friends Colony, New Delhi, IND, 110025

Website

https://www.modirubberlimited.com

Modi Rubber Ltd is an Indian real estate company. The firm is engaged in renting immovable property which is the only segment. It derives revenue from rentals on real estate and guest houses at Modipuram, India. It also generates income from fund management and dividends from joint venture companies in which the company has management and equity collaborations.

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