Cargosol Logistics (BOM:543621) Days Payable : 365.42 (As of Sep. 2023)

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What is Cargosol Logistics Days Payable?

Cargosol Logistics's average Accounts Payable for the six months ended in Sep. 2023 was ₹126 Mil. Cargosol Logistics's Cost of Goods Sold for the six months ended in Sep. 2023 was ₹63 Mil. Hence, Cargosol Logistics's Days Payable for the six months ended in Sep. 2023 was 365.42.

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

BOM:543621' s Days Payable Range Over the Past 10 Years
Min: 410.82 Med: 466.27 Max: 723.42
Current: 475.34

During the past 4 years, Cargosol Logistics's highest Days Payable was 723.42. The lowest was 410.82. And the median was 466.27.

BOM:543621's Days Payable is ranked better than
98.18% of 935 companies
in the Transportation industry
Industry Median: 38.5 vs BOM:543621: 475.34

Cargosol Logistics's Days Payable declined from Sep. 2022 (468.40) to Sep. 2023 (365.42). It may suggest that Cargosol Logistics accelerated paying its suppliers.

Cargosol Logistics Days Payable Historical Data

The historical data trend for Cargosol Logistics'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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Cargosol Logistics Days Payable Chart

Cargosol Logistics Annual Data

Trend

Mar20

Mar21

Mar22

Mar23

Days Payable

410.82

434.25

723.42

498.28

Cargosol Logistics Semi-Annual Data
	Mar20	Mar21	Mar22	Sep22	Mar23	Sep23
Days Payable	Get a 7-Day Free Trial			-	-	468.40	550.42	365.42

Competitive Comparison of Cargosol Logistics's Days Payable

For the Integrated Freight & Logistics subindustry, Cargosol Logistics'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.

Cargosol Logistics's Days Payable Distribution in the Transportation Industry

For the Transportation industry and Industrials sector, Cargosol Logistics's Days Payable distribution charts can be found below:

* The bar in red indicates where Cargosol Logistics's Days Payable falls into.

Cargosol Logistics 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.

Cargosol Logistics'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
=	( (152.061	+	102.391)	/	2 )	/	93.196	*	365
=	127.226					/	93.196	*	365
=	498.28

Cargosol Logistics's Days Payable for the quarter that ended in Sep. 2023 is calculated as:

	Days Payable (Q: Sep. 2023 )
=	Average Accounts Payable					/	Cost of Goods Sold	*	Days in Period
=	( (Accounts Payable (Q: Mar. 2023 )	+	Accounts Payable (Q: Sep. 2023 ))	/	count )	/	Cost of Goods Sold (Q: Sep. 2023 )	*	Days in Period
=	( (102.391	+	150.54)	/	2 )	/	63.16	*	365 / 2
=	126.4655					/	63.16	*	365 / 2
=	365.42

Cargosol Logistics Days Payable Related Terms

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Cargosol Logistics (BOM:543621) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Industrials » Transportation » Cargosol Logistics Ltd (BOM:543621) » Definitions » Days Payable

Comparable Companies

Traded in Other Exchanges

N/A

Address

Sahar Road, 502, Swaroop Arcade, Andheri (East), Mumbai, MH, IND, 400099

Website

https://www.cargosol.com

Cargosol Logistics Ltd is a complete 3 PL (third-party logistics) service provider, delivering end-to-end solutions in the logistics and supply chain domain involving multimodal transport operations, owning and operating container, sea and air freight, transportation, warehousing, custom clearance services and handling of project cargo.

Cargosol Logistics (BOM:543621) Headlines

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