Porwal Auto Components (BOM:532933) Days Payable : 24.99 (As of Mar. 2024)

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What is Porwal Auto Components Days Payable?

Porwal Auto Components's average Accounts Payable for the three months ended in Mar. 2024 was ₹48 Mil. Porwal Auto Components's Cost of Goods Sold for the three months ended in Mar. 2024 was ₹175 Mil. Hence, Porwal Auto Components's Days Payable for the three months ended in Mar. 2024 was 24.99.

The historical rank and industry rank for Porwal Auto Components's Days Payable or its related term are showing as below:

BOM:532933' s Days Payable Range Over the Past 10 Years
Min: 15.86 Med: 21.72 Max: 28.59
Current: 28.02

During the past 13 years, Porwal Auto Components's highest Days Payable was 28.59. The lowest was 15.86. And the median was 21.72.

BOM:532933's Days Payable is ranked worse than
87.18% of 1264 companies
in the Vehicles & Parts industry
Industry Median: 66.77 vs BOM:532933: 28.02

Porwal Auto Components's Days Payable declined from Mar. 2023 (28.19) to Mar. 2024 (24.99). It may suggest that Porwal Auto Components accelerated paying its suppliers.

Porwal Auto Components Days Payable Historical Data

The historical data trend for Porwal Auto Components'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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Porwal Auto Components Days Payable Chart

Porwal Auto Components Annual Data

Trend

Mar15

Mar16

Mar17

Mar18

Mar19

Mar20

Mar21

Mar22

Mar23

Mar24

Days Payable

Get a 7-Day Free Trial

20.93

24.77

21.48

28.59

22.85

Porwal Auto Components 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															28.19	31.17	35.18	25.91	24.99

Competitive Comparison of Porwal Auto Components's Days Payable

For the Auto Parts subindustry, Porwal Auto Components'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.

Porwal Auto Components's Days Payable Distribution in the Vehicles & Parts Industry

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

* The bar in red indicates where Porwal Auto Components's Days Payable falls into.

Porwal Auto Components 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.

Porwal Auto Components'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
=	( (68.064	+	32.998)	/	2 )	/	807.041	*	365
=	50.531					/	807.041	*	365
=	22.85

Porwal Auto Components'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
=	( (63.099	+	32.998)	/	2 )	/	175.416	*	365 / 4
=	48.0485					/	175.416	*	365 / 4
=	24.99

Porwal Auto Components Days Payable Related Terms

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Porwal Auto Components (BOM:532933) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Consumer Cyclical » Vehicles & Parts » Porwal Auto Components Ltd (BOM:532933) » Definitions » Days Payable

Comparable Companies

Traded in Other Exchanges

N/A

Address

Plot number 209 & 215, Sector Number 1, Industrial Area, District Dhar, Pithampur, MP, IND, 454775

Website

https://www.porwalauto.com

Porwal Auto Components Ltd is a manufacturer of automobile components based in India. The company is involved in manufacture of ductile iron, grey cast iron steel, steel alloy casting components and subassemblies. It serves to the sectors like automobile, engineering, pumps and valves, agriculture and tractor equipment, construction equipment, machine tools, railways, and others. The products of the company include components for automobile, railway, heavy castings, and earth moving. The operating segment of the company is automobile components manufacturing.

Porwal Auto Components (BOM:532933) Headlines

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