Magson Retail and Distribution (NSE:MAGSON) Days Payable : 23.70 (As of Sep. 2023)

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What is Magson Retail and Distribution Days Payable?

Magson Retail and Distribution's average Accounts Payable for the six months ended in Sep. 2023 was ₹33.5 Mil. Magson Retail and Distribution's Cost of Goods Sold for the six months ended in Sep. 2023 was ₹257.7 Mil. Hence, Magson Retail and Distribution's Days Payable for the six months ended in Sep. 2023 was 23.70.

The historical rank and industry rank for Magson Retail and Distribution's Days Payable or its related term are showing as below:

NSE:MAGSON' s Days Payable Range Over the Past 10 Years
Min: 25.13 Med: 29.27 Max: 31.88
Current: 25.19

During the past 3 years, Magson Retail and Distribution's highest Days Payable was 31.88. The lowest was 25.13. And the median was 29.27.

NSE:MAGSON's Days Payable is ranked worse than
82.85% of 309 companies
in the Retail - Defensive industry
Industry Median: 43.96 vs NSE:MAGSON: 25.19

Magson Retail and Distribution's Days Payable increased from Sep. 2022 (22.49) to Sep. 2023 (23.70). It may suggest that Magson Retail and Distribution delayed paying its suppliers.

Magson Retail and Distribution Days Payable Historical Data

The historical data trend for Magson Retail and Distribution'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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Magson Retail and Distribution Days Payable Chart

Magson Retail and Distribution Annual Data

Trend

Mar21

Mar22

Mar23

Days Payable

31.88

29.27

25.13

Magson Retail and Distribution Semi-Annual Data
	Mar21	Mar22	Sep22	Mar23	Sep23
Days Payable	-	-	22.49	27.63	23.70

Competitive Comparison of Magson Retail and Distribution's Days Payable

For the Grocery Stores subindustry, Magson Retail and Distribution'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.

Magson Retail and Distribution's Days Payable Distribution in the Retail - Defensive Industry

For the Retail - Defensive industry and Consumer Defensive sector, Magson Retail and Distribution's Days Payable distribution charts can be found below:

* The bar in red indicates where Magson Retail and Distribution's Days Payable falls into.

Magson Retail and Distribution 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.

Magson Retail and Distribution'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
=	( (26.583	+	34.4)	/	2 )	/	442.888	*	365
=	30.4915					/	442.888	*	365
=	25.13

Magson Retail and Distribution'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
=	( (34.4	+	32.542)	/	2 )	/	257.719	*	365 / 2
=	33.471					/	257.719	*	365 / 2
=	23.70

Magson Retail and Distribution Days Payable Related Terms

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Magson Retail and Distribution (NSE:MAGSON) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Consumer Defensive » Retail - Defensive » Magson Retail and Distribution Ltd (NSE:MAGSON) » Definitions » Days Payable

Comparable Companies

Traded in Other Exchanges

N/A

Address

Near Judges Bungalows Cross Roads, 204-B, Primate Complex, Opposite Mother Milk Palace, Bodakdev, Ahmedabad, GJ, IND, 380015

Website

https://www.magson.in

Magson Retail and Distribution Ltd is engaged in the retail and Distribution business of gourmet, frozen food, and specialty foods. The company operates retail stores through and own stores, jointly owned stores, and a franchise model under its brand name 'MagSon'. In addition, the company has a separate chocolate store that is operated under the brand name 'My Chocolate World'.

Magson Retail and Distribution (NSE:MAGSON) Headlines

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