Metroglobal (BOM:500159) Days Payable : 0.41 (As of Mar. 2024)

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What is Metroglobal Days Payable?

Metroglobal's average Accounts Payable for the three months ended in Mar. 2024 was ₹2 Mil. Metroglobal's Cost of Goods Sold for the three months ended in Mar. 2024 was ₹525 Mil. Hence, Metroglobal's Days Payable for the three months ended in Mar. 2024 was 0.41.

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

BOM:500159' s Days Payable Range Over the Past 10 Years
Min: 0.92 Med: 41.9 Max: 72.39
Current: 1.48

During the past 13 years, Metroglobal's highest Days Payable was 72.39. The lowest was 0.92. And the median was 41.90.

BOM:500159's Days Payable is ranked worse than
99.37% of 473 companies
in the Conglomerates industry
Industry Median: 59.54 vs BOM:500159: 1.48

Metroglobal's Days Payable declined from Mar. 2023 (1.15) to Mar. 2024 (0.41). It may suggest that Metroglobal accelerated paying its suppliers.

Metroglobal Days Payable Historical Data

The historical data trend for Metroglobal'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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Metroglobal Days Payable Chart

Metroglobal Annual Data

Trend

Mar15

Mar16

Mar17

Mar18

Mar19

Mar20

Mar21

Mar22

Mar23

Mar24

Days Payable

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46.44

2.50

13.48

14.44

0.92

Metroglobal Quarterly Data
	Jun19	Sep19	Dec19	Mar20	Jun20	Sep20	Dec20	Mar21	Jun21	Sep21	Dec21	Mar22	Jun22	Sep22	Dec22	Mar23	Jun23	Sep23	Dec23	Mar24
Days Payable	Get a 7-Day Free Trial															1.15	1.86	2.45	2.19	0.41

Competitive Comparison of Metroglobal's Days Payable

For the Conglomerates subindustry, Metroglobal'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.

Metroglobal's Days Payable Distribution in the Conglomerates Industry

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

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

Metroglobal 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.

Metroglobal's Days Payable for the fiscal year that ended in Mar. 2024 is calculated as

	Days Payable (A: Mar. 2024 )
=	Average Accounts Payable					/	Cost of Goods Sold	*	Days in Period
=	( (Accounts Payable (A: Mar. 2023 )	+	Accounts Payable (A: Mar. 2024 ))	/	count )	/	Cost of Goods Sold (A: Mar. 2024 )	*	Days in Period
=	( (8.695	+	2.354)	/	2 )	/	2180.766	*	365
=	5.5245					/	2180.766	*	365
=	0.92

Metroglobal's Days Payable for the quarter that ended in Mar. 2024 is calculated as:

	Days Payable (Q: Mar. 2024 )
=	Average Accounts Payable					/	Cost of Goods Sold	*	Days in Period
=	( (Accounts Payable (Q: Dec. 2023 )	+	Accounts Payable (Q: Mar. 2024 ))	/	count )	/	Cost of Goods Sold (Q: Mar. 2024 )	*	Days in Period
=	( (0	+	2.354)	/	1 )	/	524.875	*	365 / 4
=	2.354					/	524.875	*	365 / 4
=	0.41

Metroglobal Days Payable Related Terms

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Metroglobal (BOM:500159) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Industrials » Conglomerates » Metroglobal Ltd (BOM:500159) » Definitions » Days Payable

Comparable Companies

Traded in Other Exchanges

N/A

Address

C.G. Road, Navrangpura, 5th Floor, 506-509 Shilp Building, Oppsite Girish Cold Drinks, Ahmedabad, GJ, IND, 380009

Website

https://www.metrogloballimited.com

Metroglobal Ltd is involved in trading chemicals, textiles, mineral and ores, metals, and precious metals as well as realty development. The company has various segments which are Dyes and Dyes Intermediates Manufacturing, Infrastructure and Reality, and Trading and finance. It trades in specialty chemicals, dye intermediates, solvents, basic chemicals, mineral ores, textile fabrics, plastic granules, etc. It is also involved in the development of land, residential apartments, bungalows, commercial complexes, and shopping malls, as well as commercial shops, sheds, and plots under the name of DK Metro.

Metroglobal (BOM:500159) Headlines

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