Trade Wings (BOM:509953) Days Payable: 20.45 (As of Mar. 2026) — 16% Below Median

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Director of Data and Quant Analytics at GuruFocus
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Founder & CEO of GuruFocus
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BOM:509953 Trade Wings Ltd BOM:509953
41 GF Score
Price ₹595.00
GF Value ₹53.17
Valuation Significantly Overvalued
! 3 Warning Signs
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What is Trade Wings Days Payable?

Trade Wings BOM:509953 41 Days Payable is 20.45 as of Mar. 2026, which is 16% below its 10-year median of 24.46. GuruFocus rates BOM:509953 with a GF Score™ of 41/100 and a GF Value™ of ₹53.17 (Significantly Overvalued). The stock has 3 warning signs investors should review. Among 779 Travel & Leisure companies, Trade Wings ranks worse than 79.2% on this metric.

Trade Wings's average Accounts Payable for the three months ended in Mar. 2026 was ₹119 Mil. Trade Wings's Cost of Goods Sold for the three months ended in Mar. 2026 was ₹532 Mil. Hence, Trade Wings's Days Payable for the three months ended in Mar. 2026 was 20.45.

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

BOM:509953' s Days Payable Range Over the Past 10 Years
Min: 19.7   Med: 24.46   Max: 126.99
Current: 22.44

During the past 13 years, Trade Wings's highest Days Payable was 126.99. The lowest was 19.70. And the median was 24.46.

BOM:509953's Days Payable is ranked worse than
79.2% of 779 companies
in the Travel & Leisure industry
Industry Median: 56.99 vs BOM:509953: 22.44

Trade Wings's Days Payable declined from Mar. 2025 (24.36) to Mar. 2026 (20.45). It may suggest that Trade Wings accelerated paying its suppliers.


Trade Wings Days Payable Historical Data

* Premium members only.

The historical data trend for Trade Wings'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.

Trade Wings Days Payable Chart

Trade Wings Annual Data
Trend Mar17 Mar18 Mar19 Mar20 Mar21 Mar22 Mar23 Mar24 Mar25 Mar26
Days Payable
Get a 7-Day Free Trial Premium Member Only Premium Member Only 64.79 30.24 26.73 25.27 21.60

Trade Wings Quarterly Data
Jun21 Sep21 Dec21 Mar22 Jun22 Sep22 Dec22 Mar23 Jun23 Sep23 Dec23 Mar24 Jun24 Sep24 Dec24 Mar25 Jun25 Sep25 Dec25 Mar26
Days Payable Get a 7-Day Free Trial Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only 24.36 21.19 25.56 24.53 20.45

BOM:509953 vs BKNG, ABNB, RCL: Days Payable Comparison

For the Travel Services subindustry, Trade Wings'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.


Trade Wings Days Payable vs Travel & Leisure Industry

For the Travel & Leisure industry and Consumer Cyclical sector, Trade Wings's Days Payable distribution charts can be found below:

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


BOM:509953
41GF Score
Trade Wings Ltd BOM:509953
Days Payable is just one metric. See GF Score™, valuation, warning signs, and more.
View Full Analysis

Trade Wings 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.

Trade Wings's Days Payable for the fiscal year that ended in Mar. 2026 is calculated as

Days Payable (A: Mar. 2026 )
=Average Accounts Payable /Cost of Goods Sold*Days in Period
=( (Accounts Payable (A: Mar. 2025 ) + Accounts Payable (A: Mar. 2026 )) / count ) / Cost of Goods Sold (A: Mar. 2026 )*Days in Period
=( (133.363 + 119.304) / 2 ) / 2134.421*365
=126.3335 / 2134.421*365
=21.60

Trade Wings's Days Payable for the quarter that ended in Mar. 2026 is calculated as:

Days Payable (Q: Mar. 2026 )
=Average Accounts Payable / Cost of Goods Sold*Days in Period
=( (Accounts Payable (Q: Dec. 2025 ) + Accounts Payable (Q: Mar. 2026 )) / count ) / Cost of Goods Sold (Q: Mar. 2026 )*Days in Period
=( (0 + 119.304) / 1 ) / 532.344*365 / 4
=119.304 / 532.344*365 / 4
=20.45

* 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.

Frequently Asked Questions Learn more about Days Payable →
What does a Days Payable of 20.45 mean?
Trade Wings (BOM:509953) has a Days Payable of 20.45 as of Mar. 2026. Days payable represents the average amount of days a company waits to pay its invoices from suppliers. View historical data on Trade Wings and its competitors. This is 16% below median its historical median of 24.46. Over the past decade, Trade Wings' Days Payable has ranged from 19.70 to 126.99. According to the industry distribution chart, Trade Wings ranks #617 out of 779 companies in the Travel & Leisure industry, placing it in the top 79.2%.
Is Trade Wings' Days Payable too high?
Trade Wings' current Days Payable of 20.45 is 16% below median its 10-year median of 24.46. Over the past 10 years, this metric has ranged from a low of 19.70 to a high of 126.99. The Travel & Leisure industry median Days Payable is 56.99. Trade Wings' value of 20.45 is 64.1% below this industry median. Based on the distribution chart, Trade Wings ranks #617 out of 779 companies in the Travel & Leisure industry, which is in the bottom quartile relative to peers. Overall, Trade Wings has a GF Score™ of 41/100 and is considered Significantly Overvalued, reflecting its overall financial health beyond just this single metric.
How does Trade Wings' Days Payable compare to BKNG and ABNB?
According to the Travel & Leisure industry distribution chart, Trade Wings ranks #617 out of 779 companies for Days Payable. This places Trade Wings in the lower half of its industry. The industry median Days Payable is 56.99. Trade Wings' value of 20.45 is 64.1% below this benchmark. Historically, Trade Wings' own Days Payable has ranged from 19.70 to 126.99 over the past decade. While the company's 10-year median is 24.46 vs. the industry median of 56.99, Trade Wings has consistently been below the industry average. See the competitive comparison table and distribution chart on this page for a detailed peer-by-peer breakdown.
What is a good Days Payable for a Travel & Leisure company?
The median Days Payable among Travel & Leisure companies is 56.99, based on 779 companies in the industry. Companies in the top quartile (top 25%) have a Days Payable significantly above this median, while those in the bottom quartile fall well below. However, Days Payable should not be evaluated in isolation — investors should consider it alongside profitability, growth, and financial strength metrics. Trade Wings's current Days Payable of 20.45 is 64.1% below the industry median. Use the industry distribution chart on this page to see where any company falls relative to its peers.
What does a high Days Payable mean?
A high Days Payable can signal that a stock is expensive relative to its fundamentals. Days payable represents the average amount of days a company waits to pay its invoices from suppliers. View historical data on Trade Wings and its competitors. For the Travel & Leisure industry, the median Days Payable is 56.99 — values significantly above this may indicate overvaluation, while values below may suggest a bargain or underlying issues. Trade Wings's current Days Payable is 20.45, which is 16% below median its own 10-year median of 24.46. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is Trade Wings stock overvalued right now?
Based on GuruFocus' analysis, Trade Wings (BOM:509953) is currently considered Significantly Overvalued. The stock's GF Value™ is ₹53.17, compared to a current price of ₹595.00 — trading 1019.1% above its estimated fair value. The current Days Payable is 20.45, which is 16% below median its 10-year median of 24.46 and 64.1% below the Travel & Leisure industry median of 56.99. Trade Wings' overall GF Score™ is 41/100 with 3 warning signs to review. Investors should evaluate multiple metrics — including profitability, growth, and financial strength — before making a decision.
How is Days Payable calculated?
Days Payable is calculated from a company's financial statements. For Trade Wings (BOM:509953), the current Days Payable is 20.45 as of Mar. 2026. GuruFocus calculates this using data sourced from SEC filings and annual reports. See the calculation section and 30-year financial data on this page for the full breakdown.

Is Trade Wings (BOM:509953) Overvalued in 2026?

Based on GuruFocus' analysis, Trade Wings stock appears to be overvalued. The current stock price of ₹595.00 is trading 1019.1% above its estimated GF Value™ of ₹53.17. GuruFocus considers Trade Wings to be Significantly Overvalued.

Key valuation signals for BOM:509953:

  • Days Payable: 20.45 (16% below median its 10-year median of 24.46)
  • GF Value™: ₹53.17 vs. price of ₹595.00 (1019.1% above fair value)
  • GF Score™: 41/100 with 3 warning signs
  • Industry Position: 64.1% below the Travel & Leisure median (#617 of 779)

No single metric tells the full story. See the BOM:509953 stock analysis page for a complete view including 30-year financials, guru trades, and insider activity.


Trade Wings Business Description

Address A-2 Kaveri CHS, Plot No.63, Sector 17, Vashi, Navi Mumbai, MH, IND, 400 705
Trade Wings Ltd is an India based company operating in the tourism industry. Its services include Business Travel, Leisure Travel, Hospitality, Logistics, and others. The company's operating segment includes Cargo and Others and Travel Related Services. It derives maximum revenue from the Travel Related Services segment.
41GF Score

Get the complete analysis for BOM:509953

Days Payable is just one metric. See GF Value™, 30-year financials, guru trades, warning signs, and more.

₹595.00
Price
₹53.17
GF Value