Aryaman Financial Services (BOM:530245) Days Payable : 1.99 (As of Mar. 2024)

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What is Aryaman Financial Services Days Payable?

Aryaman Financial Services's average Accounts Payable for the three months ended in Mar. 2024 was ₹1.0 Mil. Aryaman Financial Services's Cost of Goods Sold for the three months ended in Mar. 2024 was ₹47.5 Mil. Hence, Aryaman Financial Services's Days Payable for the three months ended in Mar. 2024 was 1.99.

The historical rank and industry rank for Aryaman Financial Services's Days Payable or its related term are showing as below:

BOM:530245' s Days Payable Range Over the Past 10 Years
Min: 0.7 Med: 2.75 Max: 22.91
Current: 9.32

During the past 13 years, Aryaman Financial Services's highest Days Payable was 22.91. The lowest was 0.70. And the median was 2.75.

BOM:530245's Days Payable is ranked worse than
86.21% of 522 companies
in the Capital Markets industry
Industry Median: 110.325 vs BOM:530245: 9.32

Aryaman Financial Services's Days Payable declined from Mar. 2023 (3.26) to Mar. 2024 (1.99). It may suggest that Aryaman Financial Services accelerated paying its suppliers.

Aryaman Financial Services Days Payable Historical Data

The historical data trend for Aryaman Financial Services'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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Aryaman Financial Services Days Payable Chart

Aryaman Financial Services Annual Data

Trend

Mar15

Mar16

Mar17

Mar18

Mar19

Mar20

Mar21

Mar22

Mar23

Mar24

Days Payable

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4.26

0.70

1.55

2.61

3.53

Aryaman Financial Services 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															3.26	4.85	17.26	21.09	1.99

Competitive Comparison of Aryaman Financial Services's Days Payable

For the Capital Markets subindustry, Aryaman Financial Services'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.

Aryaman Financial Services's Days Payable Distribution in the Capital Markets Industry

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

* The bar in red indicates where Aryaman Financial Services's Days Payable falls into.

Aryaman Financial Services 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.

Aryaman Financial Services'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
=	( (5.343	+	1.038)	/	2 )	/	329.468	*	365
=	3.1905					/	329.468	*	365
=	3.53

Aryaman Financial Services'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	+	1.038)	/	1 )	/	47.547	*	365 / 4
=	1.038					/	47.547	*	365 / 4
=	1.99

Aryaman Financial Services Days Payable Related Terms

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Aryaman Financial Services (BOM:530245) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Financial Services » Capital Markets » Aryaman Financial Services Ltd (BOM:530245) » Definitions » Days Payable

Comparable Companies

Traded in Other Exchanges

N/A

Address

Alkesh Dinesh Modi Marg, 60, Khatau Building, Ground Floor, Fort, Mumbai, MH, IND, 400001

Website

https://www.afsl.co.in

Aryaman Financial Services Ltd is engaged in the business of Merchant Banking. The company is engaged in the business of lead management and syndication of small and medium-sized initial public offerings, rights issues, composite issues, venture capital funding, and others. It generates revenue from the sale of stock in trade.

Aryaman Financial Services (BOM:530245) Headlines

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