Grovy India (BOM:539522) Days Payable : 0.08 (As of Dec. 2023)

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What is Grovy India Days Payable?

Grovy India's average Accounts Payable for the three months ended in Dec. 2023 was ₹0.1 Mil. Grovy India's Cost of Goods Sold for the three months ended in Dec. 2023 was ₹57.4 Mil. Hence, Grovy India's Days Payable for the three months ended in Dec. 2023 was 0.08.

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

BOM:539522' s Days Payable Range Over the Past 10 Years
Min: 0.07 Med: 2.24 Max: 15.31
Current: 4.34

During the past 10 years, Grovy India's highest Days Payable was 15.31. The lowest was 0.07. And the median was 2.24.

BOM:539522's Days Payable is ranked worse than
98.51% of 469 companies
in the Conglomerates industry
Industry Median: 58.29 vs BOM:539522: 4.34

Grovy India's Days Payable declined from Dec. 2022 (2.93) to Dec. 2023 (0.08). It may suggest that Grovy India accelerated paying its suppliers.

Grovy India Days Payable Historical Data

The historical data trend for Grovy India'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.

* Premium members only.

Grovy India Days Payable Chart

Grovy India Annual Data

Trend

Mar14

Mar15

Mar16

Mar17

Mar18

Mar19

Mar20

Mar21

Mar22

Mar23

Days Payable

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0.07

1.40

3.86

2.24

15.31

Grovy India 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															2.93	6.99	17.82	0.10	0.08

Competitive Comparison of Grovy India's Days Payable

For the Conglomerates subindustry, Grovy India'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.

Grovy India's Days Payable Distribution in the Conglomerates Industry

For the Conglomerates industry and Industrials sector, Grovy India's Days Payable distribution charts can be found below:

* The bar in red indicates where Grovy India's Days Payable falls into.

Grovy India 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.

Grovy India'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	+	8.004)	/	1 )	/	190.805	*	365
=	8.004					/	190.805	*	365
=	15.31

Grovy India'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
=	( (0.05	+	0)	/	1 )	/	57.44	*	365 / 4
=	0.05					/	57.44	*	365 / 4
=	0.08

Grovy India Days Payable Related Terms

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Grovy India (BOM:539522) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Industrials » Conglomerates » Grovy India Ltd (BOM:539522) » Definitions » Days Payable

Comparable Companies

Traded in Other Exchanges

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Address

Lajpat Nagar Part II, 122, 1st Floor, Vinobapuri, New Delhi, IND, 110024

Website

https://www.grovyindia.com

Grovy India Ltd is engaged in the real estate and financial market business in India. It operates through the segments which include Construction Business (Property); Shares Trading (Equity Market) Business Auxilliary segment and Others. Share trading, which is the key revenue driver, includes trading of shares, commodities, currencies, mutual funds, and other financial instruments. The construction business is engaged in developing commercial, retail, and residential buildings. Its projects include Serviced Apartments-Rishikesh, Grovy Optiva-Noida, and Y-44 Hauz Khas, among others.

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