Magna Electro Castings (BOM:517449) Days Payable : 49.56 (As of Dec. 2024)

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What is Magna Electro Castings Days Payable?

Magna Electro Castings's average Accounts Payable for the three months ended in Dec. 2024 was ₹146 Mil. Magna Electro Castings's Cost of Goods Sold for the three months ended in Dec. 2024 was ₹269 Mil. Hence, Magna Electro Castings's Days Payable for the three months ended in Dec. 2024 was 49.56.

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

BOM:517449' s Days Payable Range Over the Past 10 Years
Min: 41.08 Med: 98.1 Max: 154.44
Current: 51.56

During the past 13 years, Magna Electro Castings's highest Days Payable was 154.44. The lowest was 41.08. And the median was 98.10.

BOM:517449's Days Payable is ranked worse than
68.64% of 2946 companies
in the Industrial Products industry
Industry Median: 76.25 vs BOM:517449: 51.56

Magna Electro Castings's Days Payable declined from Dec. 2023 (85.38) to Dec. 2024 (49.56). It may suggest that Magna Electro Castings accelerated paying its suppliers.

Magna Electro Castings Days Payable Historical Data

The historical data trend for Magna Electro Castings'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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Magna Electro Castings Days Payable Chart

Magna Electro Castings Annual Data

Trend

Mar15

Mar16

Mar17

Mar18

Mar19

Mar20

Mar21

Mar22

Mar23

Mar24

Days Payable

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111.62

81.85

41.08

41.91

44.00

Magna Electro Castings 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															85.38	32.52	31.75	52.34	49.56

Competitive Comparison of Magna Electro Castings's Days Payable

For the Metal Fabrication subindustry, Magna Electro Castings'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.

Magna Electro Castings's Days Payable Distribution in the Industrial Products Industry

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

* The bar in red indicates where Magna Electro Castings's Days Payable falls into.

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Magna Electro Castings 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.

Magna Electro Castings'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
=	( (127.007	+	83.607)	/	2 )	/	873.546	*	365
=	105.307					/	873.546	*	365
=	44.00

Magna Electro Castings'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
=	( (146.061	+	0)	/	1 )	/	268.905	*	365 / 4
=	146.061					/	268.905	*	365 / 4
=	49.56

Magna Electro Castings Days Payable Related Terms

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Magna Electro Castings Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Industrials » Industrial Products » Magna Electro Castings Ltd (BOM:517449) » Definitions » Days Payable

Comparable Companies

Traded in Other Exchanges

N/A

Address

43, Balasundaram Road, Coimbatore, TN, IND, 641018

Website

https://www.magnacast.com

Magna Electro Castings Ltd is engaged in manufacturing and supplying ferrous components in small and medium volumes. The company specializes in the manufacture of Ductile Iron and Gray Iron castings including Grey Iron, SG (spheroidal graphite) iron, and other iron alloy castings-machined and unmachined steel components. The company also produces fully machined components. The company has the following divisions; the Foundry division; the Wind Energy Generation division; and the Solar Energy division. The company earns the majority of its revenue from the Foundry division.

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