Wealth First Portfolio Managers (NSE:WEALTH) Days Payable : 0.01 (As of Dec. 2023)

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What is Wealth First Portfolio Managers Days Payable?

Wealth First Portfolio Managers's average Accounts Payable for the three months ended in Dec. 2023 was ₹0 Mil. Wealth First Portfolio Managers's Cost of Goods Sold for the three months ended in Dec. 2023 was ₹2,286 Mil. Hence, Wealth First Portfolio Managers's Days Payable for the three months ended in Dec. 2023 was 0.01.

The historical rank and industry rank for Wealth First Portfolio Managers's Days Payable or its related term are showing as below:

NSE:WEALTH' s Days Payable Range Over the Past 10 Years
Min: 0.02 Med: 0.04 Max: 0.17
Current: 0.04

During the past 9 years, Wealth First Portfolio Managers's highest Days Payable was 0.17. The lowest was 0.02. And the median was 0.04.

NSE:WEALTH's Days Payable is ranked worse than
100% of 527 companies
in the Capital Markets industry
Industry Median: 106.62 vs NSE:WEALTH: 0.04

Wealth First Portfolio Managers's Days Payable declined from Dec. 2022 (0.11) to Dec. 2023 (0.01). It may suggest that Wealth First Portfolio Managers accelerated paying its suppliers.

Wealth First Portfolio Managers Days Payable Historical Data

The historical data trend for Wealth First Portfolio Managers'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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Wealth First Portfolio Managers Days Payable Chart

Wealth First Portfolio Managers Annual Data

Trend

Mar15

Mar16

Mar17

Mar18

Mar19

Mar20

Mar21

Mar22

Mar23

Days Payable

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0.02

0.03

0.05

0.12

Wealth First Portfolio Managers Quarterly Data
	Mar16	Sep16	Mar17	Sep17	Mar18	Sep18	Mar19	Sep19	Mar20	Sep20	Mar21	Sep21	Mar22	Jun22	Sep22	Dec22	Mar23	Jun23	Sep23	Dec23
Days Payable	Get a 7-Day Free Trial															0.11	0.06	0.05	0.01	0.01

Competitive Comparison of Wealth First Portfolio Managers's Days Payable

For the Capital Markets subindustry, Wealth First Portfolio Managers'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.

Wealth First Portfolio Managers's Days Payable Distribution in the Capital Markets Industry

For the Capital Markets industry and Financial Services sector, Wealth First Portfolio Managers's Days Payable distribution charts can be found below:

* The bar in red indicates where Wealth First Portfolio Managers's Days Payable falls into.

Wealth First Portfolio Managers 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.

Wealth First Portfolio Managers'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
=	( (1.924	+	0.393)	/	2 )	/	3669.231	*	365
=	1.1585					/	3669.231	*	365
=	0.12

Wealth First Portfolio Managers'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
=	( (0.267	+	0)	/	1 )	/	2285.538	*	365 / 4
=	0.267					/	2285.538	*	365 / 4
=	0.01

Wealth First Portfolio Managers Days Payable Related Terms

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Wealth First Portfolio Managers (NSE:WEALTH) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Financial Services » Capital Markets » Wealth First Portfolio Managers Ltd (NSE:WEALTH) » Definitions » Days Payable

Comparable Companies

Traded in Other Exchanges

N/A

Address

Near Prahaladnagar Garden, Off S.G. Highway, Capitol House, 10 Paras-II, Anandnagar, Near Campus Corner, Ahmedabad, GJ, IND, 380015

Website

https://www.wealth-firstonline.com

Wealth First Portfolio Managers Ltd is a financial service provider for various types of financial products available in the Indian market. The company offers research for products that deliver compatible performance in terms of yield. The product portfolio of the company consists of government bonds and securities, direct equity, cash management services, derivative products, mutual funds, insurance products, commodities, and market-making services. The mutual fund brokerage generates maximum revenue for the company. It offers its services only to the Indian market.

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