ABATE AS Industries (BOM:531658) Days Payable : 30.42 (As of Sep. 2024)

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What is ABATE AS Industries Days Payable?

ABATE AS Industries's average Accounts Payable for the three months ended in Sep. 2024 was ₹0.02 Mil. ABATE AS Industries's Cost of Goods Sold for the three months ended in Sep. 2024 was ₹0.06 Mil. Hence, ABATE AS Industries's Days Payable for the three months ended in Sep. 2024 was 30.42.

The historical rank and industry rank for ABATE AS Industries's Days Payable or its related term are showing as below:

BOM:531658' s Days Payable Range Over the Past 10 Years
Min: 5.12 Med: 104.16 Max: 641.22
Current: 6.77

During the past 13 years, ABATE AS Industries's highest Days Payable was 641.22. The lowest was 5.12. And the median was 104.16.

BOM:531658's Days Payable is ranked worse than
88.78% of 517 companies
in the Capital Markets industry
Industry Median: 115.91 vs BOM:531658: 6.77

ABATE AS Industries's Days Payable increased from Sep. 2023 (7.10) to Sep. 2024 (30.42). It may suggest that ABATE AS Industries delayed paying its suppliers.

ABATE AS Industries Days Payable Historical Data

The historical data trend for ABATE AS Industries'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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ABATE AS Industries Days Payable Chart

ABATE AS Industries Annual Data

Trend

Mar15

Mar16

Mar17

Mar18

Mar19

Mar20

Mar21

Mar22

Mar23

Mar24

Days Payable

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112.54

104.16

21.05

5.12

ABATE AS Industries Quarterly Data
	Dec19	Mar20	Jun20	Sep20	Dec20	Mar21	Jun21	Sep21	Dec21	Mar22	Jun22	Sep22	Dec22	Mar23	Jun23	Sep23	Dec23	Mar24	Jun24	Sep24
Days Payable	Get a 7-Day Free Trial															7.10	7.51	-0.50	-0.51	30.42

Competitive Comparison of ABATE AS Industries's Days Payable

For the Capital Markets subindustry, ABATE AS Industries'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.

ABATE AS Industries's Days Payable Distribution in the Capital Markets Industry

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

* The bar in red indicates where ABATE AS Industries's Days Payable falls into.

ABATE AS Industries 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.

ABATE AS Industries'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
=	( (0.021	+	-0.001)	/	2 )	/	0.713	*	365
=	0.01					/	0.713	*	365
=	5.12

ABATE AS Industries's Days Payable for the quarter that ended in Sep. 2024 is calculated as:

	Days Payable (Q: Sep. 2024 )
=	Average Accounts Payable					/	Cost of Goods Sold	*	Days in Period
=	( (Accounts Payable (Q: Jun. 2024 )	+	Accounts Payable (Q: Sep. 2024 ))	/	count )	/	Cost of Goods Sold (Q: Sep. 2024 )	*	Days in Period
=	( (0	+	0.02)	/	1 )	/	0.06	*	365 / 4
=	0.02					/	0.06	*	365 / 4
=	30.42

ABATE AS Industries Days Payable Related Terms

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ABATE AS Industries Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Financial Services » Capital Markets » ABATE AS Industries Ltd (BOM:531658) » Definitions » Days Payable

Comparable Companies

Traded in Other Exchanges

N/A

Address

Building No. 10/565 (5,7,8), Abate AS Building, Near KSRTC, Perinthalmanna, Malappuram, KL, IND, 679322

Website

https://www.abateas.com

ABATE AS Industries Ltd is engaged in the business of design, construction and running of all kinds of hospitals, dispensaries, clinics, laboratories, and health clubs, manufacture, import, export, buy, sell, install, maintain, and improve all kinds of equipment and instrumentation for hospitals, dispensaries, clinics, laboratories and health clubs. The company derives the majority of its income from Interest Income.

ABATE AS Industries Headlines

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