Asit C Mehta Financial Services (BOM:530723) Days Payable : 1,128.30 (As of Dec. 2023)

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What is Asit C Mehta Financial Services Days Payable?

Asit C Mehta Financial Services's average Accounts Payable for the three months ended in Dec. 2023 was ₹521.3 Mil. Asit C Mehta Financial Services's Cost of Goods Sold for the three months ended in Dec. 2023 was ₹42.2 Mil. Hence, Asit C Mehta Financial Services's Days Payable for the three months ended in Dec. 2023 was 1,128.30.

The historical rank and industry rank for Asit C Mehta Financial Services's Days Payable or its related term are showing as below:

BOM:530723' s Days Payable Range Over the Past 10 Years
Min: 1146.48 Med: 1219.66 Max: 2668.44
Current: 1231.81

During the past 13 years, Asit C Mehta Financial Services's highest Days Payable was 2668.44. The lowest was 1146.48. And the median was 1219.66.

BOM:530723's Days Payable is ranked better than
83.24% of 525 companies
in the Capital Markets industry
Industry Median: 102.67 vs BOM:530723: 1231.81

Asit C Mehta Financial Services's Days Payable declined from Dec. 2022 (1,868.35) to Dec. 2023 (1,128.30). It may suggest that Asit C Mehta Financial Services accelerated paying its suppliers.

Asit C Mehta Financial Services Days Payable Historical Data

The historical data trend for Asit C Mehta Financial Services'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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Asit C Mehta Financial Services Days Payable Chart

Asit C Mehta Financial Services Annual Data

Trend

Mar14

Mar15

Mar16

Mar17

Mar18

Mar19

Mar20

Mar21

Mar22

Mar23

Days Payable

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1,179.24

1,146.48

2,397.83

2,668.44

1,593.59

Asit C Mehta Financial Services 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															1,868.35	2,082.57	958.59	1,154.42	1,128.30

Competitive Comparison of Asit C Mehta Financial Services's Days Payable

For the Capital Markets subindustry, Asit C Mehta Financial Services'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.

Asit C Mehta Financial Services's Days Payable Distribution in the Capital Markets Industry

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

* The bar in red indicates where Asit C Mehta Financial Services's Days Payable falls into.

Asit C Mehta Financial Services 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.

Asit C Mehta Financial Services'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
=	( (487.563	+	389.812)	/	2 )	/	100.478	*	365
=	438.6875					/	100.478	*	365
=	1,593.59

Asit C Mehta Financial Services'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
=	( (521.33	+	0)	/	1 )	/	42.162	*	365 / 4
=	521.33					/	42.162	*	365 / 4
=	1,128.30

Asit C Mehta Financial Services Days Payable Related Terms

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Asit C Mehta Financial Services (BOM:530723) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Financial Services » Capital Markets » Asit C Mehta Financial Services Ltd (BOM:530723) » Definitions » Days Payable

Comparable Companies

Traded in Other Exchanges

N/A

Address

Saki Vihar Road, Pantomath Nucleus House, Andheri (East), Mumbai, MH, IND, 400072

Website

https://www.acmfsl.com

Asit C Mehta Financial Services Ltd is engaged in the business of Renting immovable properties, The Company also invests in Start-ups and other Businesses. It operates in various 'Business segments' which are Investment Activities, Advisory & Consultancy Services, Information Technology Enabled Services (IT), and Stock Broking & Allied Services. The company generates maximum revenue from the Stock Broking and Allied Services segment. Geographically, it operates in the domestic market.

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