Abans Enterprises (BOM:512165) Days Payable : 17.30 (As of Dec. 2023)

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What is Abans Enterprises Days Payable?

Abans Enterprises's average Accounts Payable for the three months ended in Dec. 2023 was ₹897 Mil. Abans Enterprises's Cost of Goods Sold for the three months ended in Dec. 2023 was ₹4,731 Mil. Hence, Abans Enterprises's Days Payable for the three months ended in Dec. 2023 was 17.30.

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

BOM:512165' s Days Payable Range Over the Past 10 Years
Min: 0.02 Med: 9.38 Max: 19.96
Current: 11.1

During the past 13 years, Abans Enterprises's highest Days Payable was 19.96. The lowest was 0.02. And the median was 9.38.

BOM:512165's Days Payable is ranked worse than
84.44% of 527 companies
in the Capital Markets industry
Industry Median: 106.62 vs BOM:512165: 11.10

Abans Enterprises's Days Payable increased from Dec. 2022 (4.23) to Dec. 2023 (17.30). It may suggest that Abans Enterprises delayed paying its suppliers.

Abans Enterprises Days Payable Historical Data

The historical data trend for Abans Enterprises'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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Abans Enterprises Days Payable Chart

Abans Enterprises Annual Data

Trend

Mar14

Mar15

Mar16

Mar17

Mar18

Mar19

Mar20

Mar21

Mar22

Mar23

Days Payable

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10.61

13.72

19.96

8.14

4.73

Abans Enterprises 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															4.23	7.59	9.47	18.99	17.30

Competitive Comparison of Abans Enterprises's Days Payable

For the Capital Markets subindustry, Abans Enterprises'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.

Abans Enterprises's Days Payable Distribution in the Capital Markets Industry

For the Capital Markets industry and Financial Services sector, Abans Enterprises's Days Payable distribution charts can be found below:

* The bar in red indicates where Abans Enterprises's Days Payable falls into.

Abans Enterprises 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.

Abans Enterprises'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
=	( (196.953	+	281.755)	/	2 )	/	18461.9	*	365
=	239.354					/	18461.9	*	365
=	4.73

Abans Enterprises'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
=	( (897.153	+	0)	/	1 )	/	4730.948	*	365 / 4
=	897.153					/	4730.948	*	365 / 4
=	17.30

Abans Enterprises Days Payable Related Terms

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Abans Enterprises (BOM:512165) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Financial Services » Capital Markets » Abans Enterprises Ltd (BOM:512165) » Definitions » Days Payable

Comparable Companies

Traded in Other Exchanges

N/A

Address

227 Nariman Bhavan, 36, 37, 38A, 3rd Floor, Backbay Reclamation, Nariman Point, Mumbai, MH, IND, 400 021

Website

http://www.abansenterprises.com

Abans Enterprises Ltd is involved in the business of trading, processing, broking, and consulting in commodities, agricultural products, precious metals, shares, and derivatives in electronic exchanges. The company's operating segment includes General Trading of commodities and Trading in Derivatives. It generates maximum revenue from the General Trading of commodities segment.

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