Prime Securities (BOM:500337) Days Payable : 10.80 (As of Mar. 2024)

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What is Prime Securities Days Payable?

Prime Securities's average Accounts Payable for the three months ended in Mar. 2024 was ₹10.2 Mil. Prime Securities's Cost of Goods Sold for the three months ended in Mar. 2024 was ₹86.2 Mil. Hence, Prime Securities's Days Payable for the three months ended in Mar. 2024 was 10.80.

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

BOM:500337' s Days Payable Range Over the Past 10 Years
Min: 1.98 Med: 30.83 Max: 13014.45
Current: 4.12

During the past 13 years, Prime Securities's highest Days Payable was 13014.45. The lowest was 1.98. And the median was 30.83.

BOM:500337's Days Payable is ranked worse than
90.84% of 524 companies
in the Capital Markets industry
Industry Median: 98.105 vs BOM:500337: 4.12

Prime Securities's Days Payable increased from Mar. 2023 (1.56) to Mar. 2024 (10.80). It may suggest that Prime Securities delayed paying its suppliers.

Prime Securities Days Payable Historical Data

The historical data trend for Prime Securities'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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Prime Securities Days Payable Chart

Prime Securities Annual Data

Trend

Mar15

Mar16

Mar17

Mar18

Mar19

Mar20

Mar21

Mar22

Mar23

Mar24

Days Payable

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15.61

36.60

25.05

1.98

5.82

Prime Securities 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															1.56	0.62	0.76	1.12	10.80

Competitive Comparison of Prime Securities's Days Payable

For the Capital Markets subindustry, Prime Securities'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.

Prime Securities's Days Payable Distribution in the Capital Markets Industry

For the Capital Markets industry and Financial Services sector, Prime Securities's Days Payable distribution charts can be found below:

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

Prime Securities 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.

Prime Securities'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
=	( (0.8	+	10.2)	/	2 )	/	345.1	*	365
=	5.5					/	345.1	*	365
=	5.82

Prime Securities'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	+	10.2)	/	1 )	/	86.2	*	365 / 4
=	10.2					/	86.2	*	365 / 4
=	10.80

Prime Securities Days Payable Related Terms

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Prime Securities (BOM:500337) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Financial Services » Capital Markets » Prime Securities Ltd (BOM:500337) » Definitions » Days Payable

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PRIMESECU:India

Address

1109/1110, Maker Chambers V, Nariman Point, Mumbai, MH, IND, 400021

Website

https://www.primesec.com

Prime Securities Ltd is engaged in the provision of investment banking and corporate advisory services. The business activity of the group is operated through - Financial Advisory & Intermediation services and Brokerage from Mutual Fund distribution. The company is in providing value-added advice and services to clients on complex strategic and financial decisions and transactions focused on fundraising, mergers and acquisitions, equity and debt private placements, initial public offerings, corporate advisory, and capital restructuring. The company's business segment is providing merchant banking and advisory services. Geographically, all the activities function throughout the region of India.

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