Polymechplast Machines (BOM:526043) Days Payable : 87.81 (As of Dec. 2023)

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What is Polymechplast Machines Days Payable?

Polymechplast Machines's average Accounts Payable for the three months ended in Dec. 2023 was ₹94.6 Mil. Polymechplast Machines's Cost of Goods Sold for the three months ended in Dec. 2023 was ₹98.4 Mil. Hence, Polymechplast Machines's Days Payable for the three months ended in Dec. 2023 was 87.81.

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

BOM:526043' s Days Payable Range Over the Past 10 Years
Min: 19.28 Med: 41.47 Max: 68.95
Current: 68.95

During the past 13 years, Polymechplast Machines's highest Days Payable was 68.95. The lowest was 19.28. And the median was 41.47.

BOM:526043's Days Payable is ranked worse than
56.06% of 2931 companies
in the Industrial Products industry
Industry Median: 76.43 vs BOM:526043: 68.95

Polymechplast Machines's Days Payable increased from Dec. 2022 (85.18) to Dec. 2023 (87.81). It may suggest that Polymechplast Machines delayed paying its suppliers.

Polymechplast Machines Days Payable Historical Data

The historical data trend for Polymechplast Machines'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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Polymechplast Machines Days Payable Chart

Polymechplast Machines Annual Data

Trend

Mar14

Mar15

Mar16

Mar17

Mar18

Mar19

Mar20

Mar21

Mar22

Mar23

Days Payable

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36.10

58.94

44.96

37.97

46.01

Polymechplast Machines 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															85.18	38.93	62.72	76.53	87.81

Competitive Comparison of Polymechplast Machines's Days Payable

For the Specialty Industrial Machinery subindustry, Polymechplast Machines'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.

Polymechplast Machines's Days Payable Distribution in the Industrial Products Industry

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

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

Polymechplast Machines 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.

Polymechplast Machines'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
=	( (63.775	+	65.836)	/	2 )	/	514.08	*	365
=	64.8055					/	514.08	*	365
=	46.01

Polymechplast Machines'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
=	( (94.645	+	0)	/	1 )	/	98.352	*	365 / 4
=	94.645					/	98.352	*	365 / 4
=	87.81

Polymechplast Machines Days Payable Related Terms

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Polymechplast Machines (BOM:526043) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Industrials » Industrial Products » Polymechplast Machines Ltd (BOM:526043) » Definitions » Days Payable

Comparable Companies

Traded in Other Exchanges

N/A

Address

Gold Coin House, 775, GIDC-Makarpura Industrial Estate, Vadodara, GJ, IND, 390 010

Website

https://www.polymechplast.com

Polymechplast Machines Ltd is engaged in the manufacturing of plastic processing machinery. Geographically, it derives a majority of its revenue from India. Its product portfolio includes single-color thermoplastic injection molding, thin wall molding series, extrusion blow molding, injection blow, insert molding, and others.

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