Menon Pistons (BOM:531727) Days Payable : 62.02 (As of Dec. 2023)

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What is Menon Pistons Days Payable?

Menon Pistons's average Accounts Payable for the three months ended in Dec. 2023 was ₹181 Mil. Menon Pistons's Cost of Goods Sold for the three months ended in Dec. 2023 was ₹266 Mil. Hence, Menon Pistons's Days Payable for the three months ended in Dec. 2023 was 62.02.

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

BOM:531727' s Days Payable Range Over the Past 10 Years
Min: 11.07 Med: 20.01 Max: 105.37
Current: 27.86

During the past 13 years, Menon Pistons's highest Days Payable was 105.37. The lowest was 11.07. And the median was 20.01.

BOM:531727's Days Payable is ranked worse than
87.22% of 1260 companies
in the Vehicles & Parts industry
Industry Median: 66.48 vs BOM:531727: 27.86

Menon Pistons's Days Payable increased from Dec. 2022 (58.92) to Dec. 2023 (62.02). It may suggest that Menon Pistons delayed paying its suppliers.

Menon Pistons Days Payable Historical Data

The historical data trend for Menon Pistons'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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Menon Pistons Days Payable Chart

Menon Pistons Annual Data

Trend

Mar14

Mar15

Mar16

Mar17

Mar18

Mar19

Mar20

Mar21

Mar22

Mar23

Days Payable

Get a 7-Day Free Trial

22.03

11.07

12.78

17.99

14.30

Menon Pistons 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															58.92	3.60	8.74	59.00	62.02

Competitive Comparison of Menon Pistons's Days Payable

For the Auto Parts subindustry, Menon Pistons'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.

Menon Pistons's Days Payable Distribution in the Vehicles & Parts Industry

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

* The bar in red indicates where Menon Pistons's Days Payable falls into.

Menon Pistons 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.

Menon Pistons'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
=	( (100.537	+	33.379)	/	2 )	/	1708.677	*	365
=	66.958					/	1708.677	*	365
=	14.30

Menon Pistons'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
=	( (180.917	+	0)	/	1 )	/	266.163	*	365 / 4
=	180.917					/	266.163	*	365 / 4
=	62.02

Menon Pistons Days Payable Related Terms

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Menon Pistons (BOM:531727) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Consumer Cyclical » Vehicles & Parts » Menon Pistons Ltd (BOM:531727) » Definitions » Days Payable

Comparable Companies

Traded in Other Exchanges

N/A

Address

182, Shiroli, Kolhapur, MH, IND, 416122

Website

https://www.menonindia.in

Menon Pistons Ltd engages in the manufacturing and trade of automotive parts and components. It offers pistons, gudgeon pins; gallery cut section, and rings. The company's products include cooled gallery section, articulated and Kirloskar Copeland pistons, and others for commercial vehicles, tractors, passenger cars, and heavy duty stationery engines. It has only one segment of activity namely Automotive Component.

Menon Pistons (BOM:531727) Headlines

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