Glance Finance (BOM:531199) Days Payable : 0.03 (As of Mar. 2024)

View and export this data going back to 2001. Start your Free Trial

What is Glance Finance Days Payable?

Glance Finance's average Accounts Payable for the three months ended in Mar. 2024 was ₹0.0 Mil. Glance Finance's Cost of Goods Sold for the three months ended in Mar. 2024 was ₹75.3 Mil. Hence, Glance Finance's Days Payable for the three months ended in Mar. 2024 was 0.03.

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

BOM:531199' s Days Payable Range Over the Past 10 Years
Min: 2.08 Med: 5.3 Max: 4086.72
Current: 4.62

During the past 13 years, Glance Finance's highest Days Payable was 4086.72. The lowest was 2.08. And the median was 5.30.

BOM:531199's Days Payable is ranked worse than
91.29% of 528 companies
in the Capital Markets industry
Industry Median: 107.225 vs BOM:531199: 4.62

Glance Finance's Days Payable declined from Mar. 2023 (32.89) to Mar. 2024 (0.03). It may suggest that Glance Finance accelerated paying its suppliers.

Glance Finance Days Payable Historical Data

The historical data trend for Glance Finance'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.

* Premium members only.

Glance Finance Days Payable Chart

Glance Finance Annual Data

Trend

Mar15

Mar16

Mar17

Mar18

Mar19

Mar20

Mar21

Mar22

Mar23

Mar24

Days Payable

Get a 7-Day Free Trial

2.14

4,086.72

284.81

97.19

5.30

Glance Finance Quarterly Data
	Jun19	Sep19	Dec19	Mar20	Jun20	Sep20	Dec20	Mar21	Jun21	Sep21	Dec21	Mar22	Jun22	Sep22	Dec22	Mar23	Jun23	Sep23	Dec23	Mar24
Days Payable	Get a 7-Day Free Trial															32.89	465.22	6.39	2.71	0.03

Competitive Comparison of Glance Finance's Days Payable

For the Capital Markets subindustry, Glance Finance'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.

Glance Finance's Days Payable Distribution in the Capital Markets Industry

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

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

Glance Finance 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.

Glance Finance'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
=	( (3.839	+	0.025)	/	2 )	/	133	*	365
=	1.932					/	133	*	365
=	5.30

Glance Finance's Days Payable for the quarter that ended in Mar. 2024 is calculated as:

	Days Payable (Q: Mar. 2024 )
=	Average Accounts Payable					/	Cost of Goods Sold	*	Days in Period
=	( (Accounts Payable (Q: Dec. 2023 )	+	Accounts Payable (Q: Mar. 2024 ))	/	count )	/	Cost of Goods Sold (Q: Mar. 2024 )	*	Days in Period
=	( (0	+	0.025)	/	1 )	/	75.267	*	365 / 4
=	0.025					/	75.267	*	365 / 4
=	0.03

Glance Finance Days Payable Related Terms

Thank you for viewing the detailed overview of Glance Finance's Days Payable provided by GuruFocus.com. Please click on the following links to see related term pages.

Glance Finance (BOM:531199) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Financial Services » Capital Markets » Glance Finance Ltd (BOM:531199) » Definitions » Days Payable

Comparable Companies

Traded in Other Exchanges

N/A

Address

192, Dr. D.N. Road, 7, Kitab Mahal, 1st Floor, Fort, Mumbai, MH, IND, 400001

Website

http://www.glancefinance.com

Glance Finance Ltd is a non-banking financial company. It is involved in fund-based financing activities. The company engaged in the business of Asset Leasing and Investment in Capital Market. It generates revenue in the form of Interest; Dividends; Fees and Commission; Sale of Traded Goods and other income.

Glance Finance (BOM:531199) Headlines

No Headlines