Machino Plastics (BOM:523248) Days Payable : 59.74 (As of Dec. 2023)

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What is Machino Plastics Days Payable?

Machino Plastics's average Accounts Payable for the three months ended in Dec. 2023 was ₹283 Mil. Machino Plastics's Cost of Goods Sold for the three months ended in Dec. 2023 was ₹432 Mil. Hence, Machino Plastics's Days Payable for the three months ended in Dec. 2023 was 59.74.

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

BOM:523248' s Days Payable Range Over the Past 10 Years
Min: 4.5 Med: 12.35 Max: 40.8
Current: 40.8

During the past 13 years, Machino Plastics's highest Days Payable was 40.80. The lowest was 4.50. And the median was 12.35.

BOM:523248's Days Payable is ranked worse than
74.88% of 1258 companies
in the Vehicles & Parts industry
Industry Median: 66.48 vs BOM:523248: 40.80

Machino Plastics's Days Payable increased from Dec. 2022 (28.80) to Dec. 2023 (59.74). It may suggest that Machino Plastics delayed paying its suppliers.

Machino Plastics Days Payable Historical Data

The historical data trend for Machino Plastics'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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Machino Plastics Days Payable Chart

Machino Plastics Annual Data

Trend

Mar14

Mar15

Mar16

Mar17

Mar18

Mar19

Mar20

Mar21

Mar22

Mar23

Days Payable

Get a 7-Day Free Trial

13.67

17.27

14.00

20.60

34.27

Machino Plastics Quarterly Data
	Mar19	Jun19	Sep19	Dec19	Mar20	Jun20	Sep20	Dec20	Mar21	Jun21	Sep21	Dec21	Mar22	Jun22	Sep22	Dec22	Mar23	Jun23	Sep23	Dec23
Days Payable	Get a 7-Day Free Trial															28.80	34.63	46.00	57.60	59.74

Competitive Comparison of Machino Plastics's Days Payable

For the Auto Parts subindustry, Machino Plastics'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.

Machino Plastics's Days Payable Distribution in the Vehicles & Parts Industry

For the Vehicles & Parts industry and Consumer Cyclical sector, Machino Plastics's Days Payable distribution charts can be found below:

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

Machino Plastics 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.

Machino Plastics'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
=	( (148.751	+	253.134)	/	2 )	/	2140.479	*	365
=	200.9425					/	2140.479	*	365
=	34.27

Machino Plastics's Days Payable for the quarter that ended in Dec. 2023 is calculated as:

	Days Payable (Q: Dec. 2023 )
=	Average Accounts Payable					/	Cost of Goods Sold	*	Days in Period
=	( (Accounts Payable (Q: Sep. 2023 )	+	Accounts Payable (Q: Dec. 2023 ))	/	count )	/	Cost of Goods Sold (Q: Dec. 2023 )	*	Days in Period
=	( (282.898	+	0)	/	1 )	/	432.139	*	365 / 4
=	282.898					/	432.139	*	365 / 4
=	59.74

Machino Plastics Days Payable Related Terms

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Machino Plastics (BOM:523248) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Consumer Cyclical » Vehicles & Parts » Machino Plastics Ltd (BOM:523248) » Definitions » Days Payable

Comparable Companies

Traded in Other Exchanges

N/A

Address

Delhi-Gurgaon Road, Plot No. 3, Maruti Joint Venture Complex, Udyog Vihar, Phase-IV, Gurgaon, HR, IND, 122015

Website

https://www.machino.com

Machino Plastics Ltd is an India-based automotive component manufacturing company. It is engaged in the manufacture of plastic injection moulded automotive components such as bumpers, dashboards, instruments panels, grills, and others, as original equipment and for the spare parts market. The company operates in the segment of Automotive injection molding plastic components. It derives principal revenue from the sale of products manufactured by it.

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