Music Broadcast (BOM:540366) Days Payable : 309.97 (As of Dec. 2023)

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What is Music Broadcast Days Payable?

Music Broadcast's average Accounts Payable for the three months ended in Dec. 2023 was ₹173 Mil. Music Broadcast's Cost of Goods Sold for the three months ended in Dec. 2023 was ₹51 Mil. Hence, Music Broadcast's Days Payable for the three months ended in Dec. 2023 was 309.97.

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

BOM:540366' s Days Payable Range Over the Past 10 Years
Min: 143.32 Med: 197.07 Max: 429.72
Current: 208.44

During the past 12 years, Music Broadcast's highest Days Payable was 429.72. The lowest was 143.32. And the median was 197.07.

BOM:540366's Days Payable is ranked better than
77.56% of 927 companies
in the Media - Diversified industry
Industry Median: 82.44 vs BOM:540366: 208.44

Music Broadcast's Days Payable declined from Jun. 2022 (313.61) to Dec. 2023 (309.97). It may suggest that Music Broadcast accelerated paying its suppliers.

Music Broadcast Days Payable Historical Data

The historical data trend for Music Broadcast'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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Music Broadcast Days Payable Chart

Music Broadcast Annual Data

Trend

Mar14

Mar15

Mar16

Mar17

Mar18

Mar19

Mar20

Mar21

Mar22

Mar23

Days Payable

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169.39

203.88

190.26

143.32

159.29

Music Broadcast Quarterly Data
	Sep18	Dec18	Mar19	Jun19	Sep19	Dec19	Mar20	Jun20	Sep20	Dec20	Mar21	Jun21	Sep21	Dec21	Mar22	Jun22	Sep22	Dec22	Mar23	Dec23
Days Payable	Get a 7-Day Free Trial															313.61	308.32	304.64	65.44	309.97

Competitive Comparison of Music Broadcast's Days Payable

For the Broadcasting subindustry, Music Broadcast'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.

Music Broadcast's Days Payable Distribution in the Media - Diversified Industry

For the Media - Diversified industry and Communication Services sector, Music Broadcast's Days Payable distribution charts can be found below:

* The bar in red indicates where Music Broadcast's Days Payable falls into.

Music Broadcast 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.

Music Broadcast'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
=	( (164.467	+	173.282)	/	2 )	/	386.96	*	365
=	168.8745					/	386.96	*	365
=	159.29

Music Broadcast'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: Mar. 2023 )	+	Accounts Payable (Q: Dec. 2023 ))	/	count )	/	Cost of Goods Sold (Q: Dec. 2023 )	*	Days in Period
=	( (173.282	+	0)	/	1 )	/	51.012	*	365 / 4
=	173.282					/	51.012	*	365 / 4
=	309.97

Music Broadcast Days Payable Related Terms

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Music Broadcast (BOM:540366) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Communication Services » Media - Diversified » Music Broadcast Ltd (BOM:540366) » Definitions » Days Payable

Comparable Companies

Traded in Other Exchanges

RADIOCITY:India

Address

Off Western Express Highway, 5th Floor, RNA Corporate Park, Kalanagar, Bandra (East), Mumbai, MH, IND, 400 051

Website

https://www.radiocity.in

Music Broadcast Ltd is engaged in the business of operating Private FM Radio Stations through the brand Radio City. The Company is engaged in the business of radio broadcasting and other related activities under the 'Radio City' brand in India.

Music Broadcast (BOM:540366) Headlines

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