G G Automotive Gears (BOM:531399) Days Payable : 159.01 (As of Dec. 2023)

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What is G G Automotive Gears Days Payable?

G G Automotive Gears's average Accounts Payable for the three months ended in Dec. 2023 was ₹127.1 Mil. G G Automotive Gears's Cost of Goods Sold for the three months ended in Dec. 2023 was ₹73.0 Mil. Hence, G G Automotive Gears's Days Payable for the three months ended in Dec. 2023 was 159.01.

The historical rank and industry rank for G G Automotive Gears's Days Payable or its related term are showing as below:

BOM:531399' s Days Payable Range Over the Past 10 Years
Min: 61 Med: 96.06 Max: 154.39
Current: 74.18

During the past 7 years, G G Automotive Gears's highest Days Payable was 154.39. The lowest was 61.00. And the median was 96.06.

BOM:531399's Days Payable is ranked better than
56.68% of 1258 companies
in the Vehicles & Parts industry
Industry Median: 65.895 vs BOM:531399: 74.18

G G Automotive Gears's Days Payable increased from Dec. 2022 (92.30) to Dec. 2023 (159.01). It may suggest that G G Automotive Gears delayed paying its suppliers.

G G Automotive Gears Days Payable Historical Data

The historical data trend for G G Automotive Gears'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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G G Automotive Gears Days Payable Chart

G G Automotive Gears Annual Data

Trend

Mar17

Mar18

Mar19

Mar20

Mar21

Mar22

Mar23

Days Payable

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88.88

114.84

154.39

69.27

61.00

G G Automotive Gears 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															92.30	36.35	94.90	83.01	159.01

Competitive Comparison of G G Automotive Gears's Days Payable

For the Auto Parts subindustry, G G Automotive Gears'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.

G G Automotive Gears's Days Payable Distribution in the Vehicles & Parts Industry

For the Vehicles & Parts industry and Consumer Cyclical sector, G G Automotive Gears's Days Payable distribution charts can be found below:

* The bar in red indicates where G G Automotive Gears's Days Payable falls into.

G G Automotive Gears 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.

G G Automotive Gears'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
=	( (83.853	+	102.131)	/	2 )	/	556.43	*	365
=	92.992					/	556.43	*	365
=	61.00

G G Automotive Gears'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
=	( (127.127	+	0)	/	1 )	/	72.953	*	365 / 4
=	127.127					/	72.953	*	365 / 4
=	159.01

G G Automotive Gears Days Payable Related Terms

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G G Automotive Gears (BOM:531399) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Consumer Cyclical » Vehicles & Parts » G G Automotive Gears Ltd (BOM:531399) » Definitions » Days Payable

Comparable Companies

Traded in Other Exchanges

N/A

Address

A.B. Road, Plot Number 2-A, I. S. Gajra Industrial Area-1, Dewas, MP, IND, 455 001

Website

https://ggautomotive.com

G G Automotive Gears Ltd is an India-based company. It is engaged in designing, manufacturing, supplying, and servicing Gears, Pinions, and Gearboxes. Geographically, it operates and derives revenue from India. The company's product portfolio includes Railway Gears & Shafts, Forged Components & Machined Blanks, Industrial Gears & Gearboxes, Internal rings, Mining & Earth-moving Equipment Spares, Reduction gearboxes, Worm gears, and others.

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