Arihant Capital Markets (BOM:511605) Days Payable : 1,698.44 (As of Mar. 2024)

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What is Arihant Capital Markets Days Payable?

Arihant Capital Markets's average Accounts Payable for the three months ended in Mar. 2024 was ₹3,041 Mil. Arihant Capital Markets's Cost of Goods Sold for the three months ended in Mar. 2024 was ₹163 Mil. Hence, Arihant Capital Markets's Days Payable for the three months ended in Mar. 2024 was 1,698.44.

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

BOM:511605' s Days Payable Range Over the Past 10 Years
Min: 474.05 Med: 637.68 Max: 1122.78
Current: 940.77

During the past 13 years, Arihant Capital Markets's highest Days Payable was 1122.78. The lowest was 474.05. And the median was 637.68.

BOM:511605's Days Payable is ranked better than
79.54% of 523 companies
in the Capital Markets industry
Industry Median: 109.74 vs BOM:511605: 940.77

Arihant Capital Markets's Days Payable increased from Mar. 2023 (954.51) to Mar. 2024 (1,698.44). It may suggest that Arihant Capital Markets delayed paying its suppliers.

Arihant Capital Markets Days Payable Historical Data

The historical data trend for Arihant Capital Markets'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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Arihant Capital Markets Days Payable Chart

Arihant Capital Markets Annual Data

Trend

Mar15

Mar16

Mar17

Mar18

Mar19

Mar20

Mar21

Mar22

Mar23

Mar24

Days Payable

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682.35

891.93

919.91

1,122.78

884.15

Arihant Capital Markets 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															954.51	872.44	915.26	733.34	1,698.44

Competitive Comparison of Arihant Capital Markets's Days Payable

For the Capital Markets subindustry, Arihant Capital Markets'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.

Arihant Capital Markets's Days Payable Distribution in the Capital Markets Industry

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

* The bar in red indicates where Arihant Capital Markets's Days Payable falls into.

Arihant Capital Markets 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.

Arihant Capital Markets'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
=	( (1827.369	+	3040.687)	/	2 )	/	1004.825	*	365
=	2434.028					/	1004.825	*	365
=	884.15

Arihant Capital Markets'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	+	3040.687)	/	1 )	/	163.363	*	365 / 4
=	3040.687					/	163.363	*	365 / 4
=	1,698.44

Arihant Capital Markets Days Payable Related Terms

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Arihant Capital Markets (BOM:511605) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Financial Services » Capital Markets » Arihant Capital Markets Ltd (BOM:511605) » Definitions » Days Payable

Comparable Companies

Traded in Other Exchanges

ARIHANTCAP:India

Address

Andheri Ghatkopar Link Road, Building No. 10, 1st Floor, No. 1011, Solitaire Corporate Park, Chakala, Andheri (East), Mumbai, MH, IND, 400093

Website

https://www.arihantcapital.com

Arihant Capital Markets Ltd is a holding company, which is engaged in the provision of financial services. The company provides products and services including equities, commodities, currency, financial planning, depository services, priority client group services (PCG), merchant banking, and investment banking services to a substantial and diversified clientele that includes individuals, corporations, and financial institutions. It also offers online and mobile trading, algorithmic trading, depository, and real estate services, as well as provides stock lending and borrowing, investment and trading Webinars, insurance, and RGESS services. Geographically, all the operations functioned through the region of India.

Arihant Capital Markets (BOM:511605) Headlines

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