CMI (BOM:517330) Days Payable : 727.92 (As of Jun. 2023)

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What is CMI Days Payable?

CMI's average Accounts Payable for the three months ended in Jun. 2023 was ₹319.4 Mil. CMI's Cost of Goods Sold for the three months ended in Jun. 2023 was ₹40.0 Mil. Hence, CMI's Days Payable for the three months ended in Jun. 2023 was 727.92.

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

BOM:517330' s Days Payable Range Over the Past 10 Years
Min: 47.23 Med: 80.15 Max: 346.12
Current: 346.12

During the past 12 years, CMI's highest Days Payable was 346.12. The lowest was 47.23. And the median was 80.15.

BOM:517330's Days Payable is ranked better than
96.62% of 2931 companies
in the Industrial Products industry
Industry Median: 76.43 vs BOM:517330: 346.12

CMI's Days Payable increased from Jun. 2022 (326.35) to Jun. 2023 (727.92). It may suggest that CMI delayed paying its suppliers.

CMI Days Payable Historical Data

The historical data trend for CMI'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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CMI Days Payable Chart

CMI Annual Data

Trend

Mar14

Mar15

Mar16

Mar17

Mar18

Mar19

Mar20

Mar21

Mar22

Mar23

Days Payable

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68.67

84.84

178.63

339.72

330.44

CMI Quarterly Data
	Sep18	Dec18	Mar19	Jun19	Sep19	Dec19	Mar20	Jun20	Sep20	Dec20	Mar21	Jun21	Sep21	Dec21	Mar22	Jun22	Sep22	Dec22	Mar23	Jun23
Days Payable	Get a 7-Day Free Trial															326.35	816.77	577.20	153.33	727.92

Competitive Comparison of CMI's Days Payable

For the Electrical Equipment & Parts subindustry, CMI'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.

CMI's Days Payable Distribution in the Industrial Products Industry

For the Industrial Products industry and Industrials sector, CMI's Days Payable distribution charts can be found below:

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

CMI 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.

CMI's Days Payable for the fiscal year that ended in Mar. 2023 is calculated as

	Days Payable (A: Mar. 2023 )
=	Average Accounts Payable					/	Cost of Goods Sold	*	Days in Period
=	( (Accounts Payable (A: Mar. 2022 )	+	Accounts Payable (A: Mar. 2023 ))	/	count )	/	Cost of Goods Sold (A: Mar. 2023 )	*	Days in Period
=	( (281.041	+	319.439)	/	2 )	/	331.637	*	365
=	300.24					/	331.637	*	365
=	330.44

CMI's Days Payable for the quarter that ended in Jun. 2023 is calculated as:

	Days Payable (Q: Jun. 2023 )
=	Average Accounts Payable					/	Cost of Goods Sold	*	Days in Period
=	( (Accounts Payable (Q: Mar. 2023 )	+	Accounts Payable (Q: Jun. 2023 ))	/	count )	/	Cost of Goods Sold (Q: Jun. 2023 )	*	Days in Period
=	( (319.439	+	0)	/	1 )	/	40.044	*	365 / 4
=	319.439					/	40.044	*	365 / 4
=	727.92

CMI Days Payable Related Terms

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CMI (BOM:517330) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Industrials » Industrial Products » CMI Ltd (BOM:517330) » Definitions » Days Payable

Traded in Other Exchanges

CMICABLES:India

Address

PD-II, Jhilmil Metro Station, Jhilmil Industrial Area, New Delhi, IND, 110095

Website

https://www.cmilimited.in

CMI Ltd is engaged in the business of manufacturing cables for various industries including railways, oil and gas, telecommunications, energy, industrial, power, and petrochemicals. The product portfolio of the company consists of electric cables, submarine cables, control cables, special cables, and extra high voltage (EHV) cables. The products are used for transmitting signals, gas insulation, supplying power, fire detection, and others. Geographically the company operates in India and outside India, out of which the majority of revenue is from India. It is present in the entire value chain of the Wire and Cables Industry. Starting from Design, Development, Manufacturing, and Testing to Marketing and Distribution.

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