Concord Control Systems (BOM:543619) Days Payable : 35.37 (As of Mar. 2024)

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What is Concord Control Systems Days Payable?

Concord Control Systems's average Accounts Payable for the six months ended in Mar. 2024 was ₹38.1 Mil. Concord Control Systems's Cost of Goods Sold for the six months ended in Mar. 2024 was ₹196.6 Mil. Hence, Concord Control Systems's Days Payable for the six months ended in Mar. 2024 was 35.37.

The historical rank and industry rank for Concord Control Systems's Days Payable or its related term are showing as below:

BOM:543619' s Days Payable Range Over the Past 10 Years
Min: 25.52 Med: 45.19 Max: 78.44
Current: 31.62

During the past 5 years, Concord Control Systems's highest Days Payable was 78.44. The lowest was 25.52. And the median was 45.19.

BOM:543619's Days Payable is ranked worse than
60.82% of 929 companies
in the Transportation industry
Industry Median: 38.5 vs BOM:543619: 31.62

Concord Control Systems's Days Payable increased from Mar. 2023 (27.52) to Mar. 2024 (35.37). It may suggest that Concord Control Systems delayed paying its suppliers.

Concord Control Systems Days Payable Historical Data

The historical data trend for Concord Control Systems'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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Concord Control Systems Days Payable Chart

Concord Control Systems Annual Data

Trend

Mar20

Mar21

Mar22

Mar23

Mar24

Days Payable

66.94

78.44

45.19

25.52

32.82

Concord Control Systems Semi-Annual Data
	Mar20	Mar21	Mar22	Sep22	Mar23	Sep23	Mar24
Days Payable	Get a 7-Day Free Trial			-	23.96	27.52	26.36	35.37

Competitive Comparison of Concord Control Systems's Days Payable

For the Railroads subindustry, Concord Control Systems'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.

Concord Control Systems's Days Payable Distribution in the Transportation Industry

For the Transportation industry and Industrials sector, Concord Control Systems's Days Payable distribution charts can be found below:

* The bar in red indicates where Concord Control Systems's Days Payable falls into.

Concord Control Systems 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.

Concord Control Systems'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
=	( (22.654	+	45.751)	/	2 )	/	380.395	*	365
=	34.2025					/	380.395	*	365
=	32.82

Concord Control Systems'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: Sep. 2023 )	+	Accounts Payable (Q: Mar. 2024 ))	/	count )	/	Cost of Goods Sold (Q: Mar. 2024 )	*	Days in Period
=	( (30.455	+	45.751)	/	2 )	/	196.575	*	365 / 2
=	38.103					/	196.575	*	365 / 2
=	35.37

Concord Control Systems Days Payable Related Terms

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Concord Control Systems (BOM:543619) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Industrials » Transportation » Concord Control Systems Ltd (BOM:543619) » Definitions » Days Payable

Comparable Companies

Traded in Other Exchanges

N/A

Address

Deva Road, G-36, U.P.S.I.D.C, Industrial Area, Lucknow, UP, IND, 226019

Website

https://www.concordgroup.in

Concord Control Systems Ltd is engaged in the business of manufacturing and supply of coach-related and electrification products for Indian Railways and other Railway Contractors. The company manufactures products required in railway coaches like Inter-Vehicular Coupler, Emergency Lighting System, Brushless DC carriage fan, Exhaust fans, Cable Jackets, Bellows and others.

Concord Control Systems (BOM:543619) Headlines

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