Coventry Coil-O-Matic (Haryana) (BOM:523415) Days Payable : 105.65 (As of Sep. 2023)

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What is Coventry Coil-O-Matic (Haryana) Days Payable?

Coventry Coil-O-Matic (Haryana)'s average Accounts Payable for the three months ended in Sep. 2023 was ₹168.7 Mil. Coventry Coil-O-Matic (Haryana)'s Cost of Goods Sold for the three months ended in Sep. 2023 was ₹145.7 Mil. Hence, Coventry Coil-O-Matic (Haryana)'s Days Payable for the three months ended in Sep. 2023 was 105.65.

The historical rank and industry rank for Coventry Coil-O-Matic (Haryana)'s Days Payable or its related term are showing as below:

BOM:523415' s Days Payable Range Over the Past 10 Years
Min: 72.06 Med: 125.32 Max: 162.48
Current: 93.63

During the past 13 years, Coventry Coil-O-Matic (Haryana)'s highest Days Payable was 162.48. The lowest was 72.06. And the median was 125.32.

BOM:523415's Days Payable is not ranked
in the Vehicles & Parts industry.
Industry Median: 65.67 vs BOM:523415: 93.63

Coventry Coil-O-Matic (Haryana)'s Days Payable increased from Sep. 2022 (73.36) to Sep. 2023 (105.65). It may suggest that Coventry Coil-O-Matic (Haryana) delayed paying its suppliers.

Coventry Coil-O-Matic (Haryana) Days Payable Historical Data

The historical data trend for Coventry Coil-O-Matic (Haryana)'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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Coventry Coil-O-Matic (Haryana) Days Payable Chart

Coventry Coil-O-Matic (Haryana) Annual Data

Trend

Mar14

Mar15

Mar16

Mar17

Mar18

Mar19

Mar20

Mar21

Mar22

Mar23

Days Payable

Get a 7-Day Free Trial

72.06

125.07

162.48

93.34

84.37

Coventry Coil-O-Matic (Haryana) Quarterly Data
	Dec18	Mar19	Jun19	Sep19	Dec19	Mar20	Jun20	Sep20	Dec20	Mar21	Jun21	Sep21	Dec21	Mar22	Jun22	Sep22	Dec22	Mar23	Jun23	Sep23
Days Payable	Get a 7-Day Free Trial															73.36	79.58	103.85	90.05	105.65

Competitive Comparison of Coventry Coil-O-Matic (Haryana)'s Days Payable

For the Auto Parts subindustry, Coventry Coil-O-Matic (Haryana)'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.

Coventry Coil-O-Matic (Haryana)'s Days Payable Distribution in the Vehicles & Parts Industry

For the Vehicles & Parts industry and Consumer Cyclical sector, Coventry Coil-O-Matic (Haryana)'s Days Payable distribution charts can be found below:

* The bar in red indicates where Coventry Coil-O-Matic (Haryana)'s Days Payable falls into.

Coventry Coil-O-Matic (Haryana) 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.

Coventry Coil-O-Matic (Haryana)'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
=	( (94.363	+	152.602)	/	2 )	/	534.202	*	365
=	123.4825					/	534.202	*	365
=	84.37

Coventry Coil-O-Matic (Haryana)'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: Jun. 2023 )	+	Accounts Payable (Q: Sep. 2023 ))	/	count )	/	Cost of Goods Sold (Q: Sep. 2023 )	*	Days in Period
=	( (0	+	168.734)	/	1 )	/	145.736	*	365 / 4
=	168.734					/	145.736	*	365 / 4
=	105.65

Coventry Coil-O-Matic (Haryana) Days Payable Related Terms

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Coventry Coil-O-Matic (Haryana) (BOM:523415) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Consumer Cyclical » Vehicles & Parts » Coventry Coil-O-Matic (Haryana) Ltd (BOM:523415) » Definitions » Days Payable

Comparable Companies

Traded in Other Exchanges

N/A

Address

87 KM, Delhi – Jaipur Road (NH-8), Village Salawas, PO Sangwari, Rewari, HR, IND, 123 401

Website

https://www.coilomatic.com

Coventry Coil-O-Matic (Haryana) Ltd is engaged in the manufacturing of Auto Suspension Springs as well as Power Brake Actuator Springs for Commercial Vehicles. It also offers barrel, conical, hour-glass, pig-tail clutches, circuit breakers, dampers, dies, motors, pressure switches, pressure plates, trunk lid, door checker, hinges, engine valves, and ejectors. The Company is primarily engaged in the manufacturing of Cold-Formed Coil Springs. Geographically it operates through the region of India.

Coventry Coil-O-Matic (Haryana) (BOM:523415) Headlines

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