Mangal Credit & Fincorp (BOM:505850) Days Payable : 8.03 (As of Dec. 2024)

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What is Mangal Credit & Fincorp Days Payable?

Mangal Credit & Fincorp's average Accounts Payable for the three months ended in Dec. 2024 was ₹5.7 Mil. Mangal Credit & Fincorp's Cost of Goods Sold for the three months ended in Dec. 2024 was ₹65.2 Mil. Hence, Mangal Credit & Fincorp's Days Payable for the three months ended in Dec. 2024 was 8.03.

The historical rank and industry rank for Mangal Credit & Fincorp's Days Payable or its related term are showing as below:

BOM:505850' s Days Payable Range Over the Past 10 Years
Min: 11.32 Med: 99.55 Max: 274.55
Current: 11.32

During the past 13 years, Mangal Credit & Fincorp's highest Days Payable was 274.55. The lowest was 11.32. And the median was 99.55.

BOM:505850's Days Payable is ranked worse than
75.34% of 292 companies
in the Credit Services industry
Industry Median: 36.715 vs BOM:505850: 11.32

Mangal Credit & Fincorp's Days Payable increased from Dec. 2023 (0.00) to Dec. 2024 (8.03). It may suggest that Mangal Credit & Fincorp delayed paying its suppliers.

Mangal Credit & Fincorp Days Payable Historical Data

The historical data trend for Mangal Credit & Fincorp'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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Mangal Credit & Fincorp Days Payable Chart

Mangal Credit & Fincorp Annual Data

Trend

Mar15

Mar16

Mar17

Mar18

Mar19

Mar20

Mar21

Mar22

Mar23

Mar24

Days Payable

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19.58

15.05

Mangal Credit & Fincorp Quarterly Data
	Mar20	Jun20	Sep20	Dec20	Mar21	Jun21	Sep21	Dec21	Mar22	Jun22	Sep22	Dec22	Mar23	Jun23	Sep23	Dec23	Mar24	Jun24	Sep24	Dec24
Days Payable	Get a 7-Day Free Trial															-	20.78	12.62	8.57	8.03

Competitive Comparison of Mangal Credit & Fincorp's Days Payable

For the Credit Services subindustry, Mangal Credit & Fincorp'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.

Mangal Credit & Fincorp's Days Payable Distribution in the Credit Services Industry

For the Credit Services industry and Financial Services sector, Mangal Credit & Fincorp's Days Payable distribution charts can be found below:

* The bar in red indicates where Mangal Credit & Fincorp's Days Payable falls into.

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Mangal Credit & Fincorp 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.

Mangal Credit & Fincorp'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
=	( (3.71	+	7.519)	/	2 )	/	136.132	*	365
=	5.6145					/	136.132	*	365
=	15.05

Mangal Credit & Fincorp's Days Payable for the quarter that ended in Dec. 2024 is calculated as:

	Days Payable (Q: Dec. 2024 )
=	Average Accounts Payable					/	Cost of Goods Sold	*	Days in Period
=	( (Accounts Payable (Q: Sep. 2024 )	+	Accounts Payable (Q: Dec. 2024 ))	/	count )	/	Cost of Goods Sold (Q: Dec. 2024 )	*	Days in Period
=	( (5.742	+	0)	/	1 )	/	65.238	*	365 / 4
=	5.742					/	65.238	*	365 / 4
=	8.03

Mangal Credit & Fincorp Days Payable Related Terms

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Mangal Credit & Fincorp Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Financial Services » Credit Services » Mangal Credit & Fincorp Ltd (BOM:505850) » Definitions » Days Payable

Comparable Companies

Traded in Other Exchanges

MANCREDIT:India

Address

Ram Mandir Road, Graham Firth Steel Compound, Office No-1701/1702, 17th Floor, A-Wing, Lotus Corporate Park, Western Express Highway, Goregaon (East), Mumbai, MH, IND, 400063

Website

https://www.mangalfincorp.com

Mangal Credit & Fincorp Ltd is a non-banking financial company. The company offers services, including loans and credit facilities, private educational funding, and trade-in money market underwriting stocks and shares. Its products include Gold loans, Personal loans, and SME(small and medium enterprises) loans. Geographically all the operations function through the regions of India. The company generates the majority of its revenue from Interest Income. The company also generates revenue from Fees and commission income.

Mangal Credit & Fincorp Headlines

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