Abhinav Capital Services (BOM:532057) Days Payable : 3.97 (As of Dec. 2023)

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What is Abhinav Capital Services Days Payable?

Abhinav Capital Services's average Accounts Payable for the three months ended in Dec. 2023 was ₹0.50 Mil. Abhinav Capital Services's Cost of Goods Sold for the three months ended in Dec. 2023 was ₹11.44 Mil. Hence, Abhinav Capital Services's Days Payable for the three months ended in Dec. 2023 was 3.97.

The historical rank and industry rank for Abhinav Capital Services's Days Payable or its related term are showing as below:

BOM:532057' s Days Payable Range Over the Past 10 Years
Min: 3.96 Med: 27.24 Max: 1144.09
Current: 7.22

During the past 13 years, Abhinav Capital Services's highest Days Payable was 1144.09. The lowest was 3.96. And the median was 27.24.

BOM:532057's Days Payable is ranked worse than
85.87% of 283 companies
in the Credit Services industry
Industry Median: 49.08 vs BOM:532057: 7.22

Abhinav Capital Services's Days Payable declined from Dec. 2022 (29.33) to Dec. 2023 (3.97). It may suggest that Abhinav Capital Services accelerated paying its suppliers.

Abhinav Capital Services Days Payable Historical Data

The historical data trend for Abhinav Capital 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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Abhinav Capital Services Days Payable Chart

Abhinav Capital Services Annual Data

Trend

Mar14

Mar15

Mar16

Mar17

Mar18

Mar19

Mar20

Mar21

Mar22

Mar23

Days Payable

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6.57

3.96

30.59

23.88

23.08

Abhinav Capital 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															29.33	1,091.74	13.43	4.86	3.97

Competitive Comparison of Abhinav Capital Services's Days Payable

For the Credit Services subindustry, Abhinav Capital 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.

Abhinav Capital Services's Days Payable Distribution in the Credit Services Industry

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

* The bar in red indicates where Abhinav Capital Services's Days Payable falls into.

Abhinav Capital 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.

Abhinav Capital 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
=	( (0.362	+	0.447)	/	2 )	/	6.398	*	365
=	0.4045					/	6.398	*	365
=	23.08

Abhinav Capital 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
=	( (0.603	+	0.392)	/	2 )	/	11.438	*	365 / 4
=	0.4975					/	11.438	*	365 / 4
=	3.97

Abhinav Capital Services Days Payable Related Terms

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Abhinav Capital Services (BOM:532057) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Financial Services » Credit Services » Abhinav Capital Services Ltd (BOM:532057) » Definitions » Days Payable

Comparable Companies

Traded in Other Exchanges

N/A

Address

B 709, Express Zone, Western Express Highway South Side, Opposite Adani Electricity, Malad (East), Mumbai, MH, IND, 400097

Website

http://www.abhinavcapital.com

Abhinav Capital Services Ltd is an India-based non-banking finance company. It is principally engaged in the business of financing loans. The company provides finance to companies, corporate bodies, and firms in advance, short-term loans, and other sources. In addition, it also invests in shares and securities. The company generates its revenue from the interest it receives on loans provided.

Abhinav Capital Services (BOM:532057) Headlines

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