Eimco Elecon India (BOM:523708) Days Payable : 47.61 (As of Mar. 2024)

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What is Eimco Elecon India Days Payable?

Eimco Elecon India's average Accounts Payable for the three months ended in Mar. 2024 was ₹272 Mil. Eimco Elecon India's Cost of Goods Sold for the three months ended in Mar. 2024 was ₹521 Mil. Hence, Eimco Elecon India's Days Payable for the three months ended in Mar. 2024 was 47.61.

The historical rank and industry rank for Eimco Elecon India's Days Payable or its related term are showing as below:

BOM:523708' s Days Payable Range Over the Past 10 Years
Min: 62.82 Med: 90.3 Max: 155.86
Current: 62.82

During the past 13 years, Eimco Elecon India's highest Days Payable was 155.86. The lowest was 62.82. And the median was 90.30.

BOM:523708's Days Payable is ranked worse than
59.51% of 205 companies
in the Farm & Heavy Construction Machinery industry
Industry Median: 71.96 vs BOM:523708: 62.82

Eimco Elecon India's Days Payable increased from Mar. 2023 (42.38) to Mar. 2024 (47.61). It may suggest that Eimco Elecon India delayed paying its suppliers.

Eimco Elecon India Days Payable Historical Data

The historical data trend for Eimco Elecon India'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.

* Premium members only.

Eimco Elecon India Days Payable Chart

Eimco Elecon India Annual Data

Trend

Mar15

Mar16

Mar17

Mar18

Mar19

Mar20

Mar21

Mar22

Mar23

Mar24

Days Payable

Get a 7-Day Free Trial

117.61

96.53

155.86

66.56

67.50

Eimco Elecon India 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															42.38	63.78	74.30	72.79	47.61

Competitive Comparison of Eimco Elecon India's Days Payable

For the Farm & Heavy Construction Machinery subindustry, Eimco Elecon India'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.

Eimco Elecon India's Days Payable Distribution in the Farm & Heavy Construction Machinery Industry

For the Farm & Heavy Construction Machinery industry and Industrials sector, Eimco Elecon India's Days Payable distribution charts can be found below:

* The bar in red indicates where Eimco Elecon India's Days Payable falls into.

Eimco Elecon India 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.

Eimco Elecon India'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
=	( (183.259	+	271.898)	/	2 )	/	1230.673	*	365
=	227.5785					/	1230.673	*	365
=	67.50

Eimco Elecon India'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	+	271.898)	/	1 )	/	521.097	*	365 / 4
=	271.898					/	521.097	*	365 / 4
=	47.61

Eimco Elecon India Days Payable Related Terms

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Eimco Elecon India (BOM:523708) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Industrials » Farm & Heavy Construction Machinery » Eimco Elecon India Ltd (BOM:523708) » Definitions » Days Payable

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EIMCOELECO:India

Address

Anand-Sojitra Road, District Anand, Vallabh Vidyanagar, GJ, IND, 388 120

Website

https://www.eimcoelecon.in

Eimco Elecon India Ltd is an Indian company engaged in the business of manufacturing and supplying equipment for mining and construction sector. Its products include Air motors, Chair lift man riding system, Coal hauler, Drill machine, Load haul dumper (coal mining), Load haul dumper (metal mining), Low profile dump truck, Rocker shovel loader, Side dump loader, and Wheel loader, among others. The group sells its products in India and also exports them to other countries.

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