Mehta Housing Finance (BOM:511740) Days Payable : 54.04 (As of Dec. 2023)

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What is Mehta Housing Finance Days Payable?

Mehta Housing Finance's average Accounts Payable for the three months ended in Dec. 2023 was ₹0.12 Mil. Mehta Housing Finance's Cost of Goods Sold for the three months ended in Dec. 2023 was ₹0.21 Mil. Hence, Mehta Housing Finance's Days Payable for the three months ended in Dec. 2023 was 54.04.

The historical rank and industry rank for Mehta Housing Finance's Days Payable or its related term are showing as below:

BOM:511740' s Days Payable Range Over the Past 10 Years
Min: 11.26 Med: 2441.46 Max: 10594.61
Current: 58.9

During the past 12 years, Mehta Housing Finance's highest Days Payable was 10594.61. The lowest was 11.26. And the median was 2441.46.

BOM:511740's Days Payable is ranked worse than
51.72% of 29 companies
in the Banks industry
Industry Median: 58.9 vs BOM:511740: 58.90

Mehta Housing Finance's Days Payable increased from Dec. 2022 (0.00) to Dec. 2023 (54.04). It may suggest that Mehta Housing Finance delayed paying its suppliers.

Mehta Housing Finance Days Payable Historical Data

The historical data trend for Mehta Housing Finance'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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Mehta Housing Finance Days Payable Chart

Mehta Housing Finance Annual Data

Trend

Dec13

Dec14

Mar16

Mar17

Mar18

Mar19

Mar20

Mar21

Mar22

Mar23

Days Payable

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835.76

224.39

11.26

Mehta Housing Finance Quarterly Data
	Mar19	Jun19	Sep19	Dec19	Mar20	Jun20	Sep20	Dec20	Mar21	Jun21	Sep21	Dec21	Mar22	Jun22	Sep22	Dec22	Mar23	Jun23	Sep23	Dec23
Days Payable	Get a 7-Day Free Trial															-	-	-	56.51	54.04

Competitive Comparison of Mehta Housing Finance's Days Payable

For the Mortgage Finance subindustry, Mehta Housing Finance'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.

Mehta Housing Finance's Days Payable Distribution in the Banks Industry

For the Banks industry and Financial Services sector, Mehta Housing Finance's Days Payable distribution charts can be found below:

* The bar in red indicates where Mehta Housing Finance's Days Payable falls into.

Mehta Housing Finance 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.

Mehta Housing Finance'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
=	( (0	+	0)	/	1 )	/	0.854	*	365
=	0					/	0.854	*	365
=	0.00

Mehta Housing Finance'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
=	( (0.122	+	0)	/	1 )	/	0.206	*	365 / 4
=	0.122					/	0.206	*	365 / 4
=	54.04

Mehta Housing Finance Days Payable Related Terms

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Mehta Housing Finance (BOM:511740) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Financial Services » Banks » Mehta Housing Finance Ltd (BOM:511740) » Definitions » Days Payable

Comparable Companies

Traded in Other Exchanges

N/A

Address

Savarkundla Road, Plot No 1A, Revenue Survey No 203, Taveda, Mahuva, Bhavnagar, GJ, IND, 364290

Website

https://www.mehtahousing.com

Mehta Housing Finance Ltd is exploring various options to undertake production and trading activities in the food industry.

Mehta Housing Finance (BOM:511740) Headlines

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