JMJ Fintech (BOM:538834) Days Payable : 27.30 (As of Mar. 2024)

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What is JMJ Fintech Days Payable?

JMJ Fintech's average Accounts Payable for the three months ended in Mar. 2024 was ₹2.48 Mil. JMJ Fintech's Cost of Goods Sold for the three months ended in Mar. 2024 was ₹8.28 Mil. Hence, JMJ Fintech's Days Payable for the three months ended in Mar. 2024 was 27.30.

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

BOM:538834' s Days Payable Range Over the Past 10 Years
Min: 2.09 Med: 19.51 Max: 155.93
Current: 35.02

During the past 11 years, JMJ Fintech's highest Days Payable was 155.93. The lowest was 2.09. And the median was 19.51.

BOM:538834's Days Payable is ranked worse than
55.63% of 284 companies
in the Credit Services industry
Industry Median: 43.895 vs BOM:538834: 35.02

JMJ Fintech's Days Payable increased from Mar. 2023 (23.88) to Mar. 2024 (27.30). It may suggest that JMJ Fintech delayed paying its suppliers.

JMJ Fintech Days Payable Historical Data

The historical data trend for JMJ Fintech'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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JMJ Fintech Days Payable Chart

JMJ Fintech Annual Data

Trend

Mar15

Mar16

Mar17

Mar18

Mar19

Mar20

Mar21

Mar22

Mar23

Mar24

Days Payable

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54.30

9.33

19.51

JMJ Fintech 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															23.88	36.79	46.03	51.72	27.30

Competitive Comparison of JMJ Fintech's Days Payable

For the Credit Services subindustry, JMJ Fintech'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.

JMJ Fintech's Days Payable Distribution in the Credit Services Industry

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

* The bar in red indicates where JMJ Fintech's Days Payable falls into.

JMJ Fintech 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.

JMJ Fintech'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
=	( (0.921	+	1.454)	/	2 )	/	22.213	*	365
=	1.1875					/	22.213	*	365
=	19.51

JMJ Fintech'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
=	( (3.499	+	1.454)	/	2 )	/	8.279	*	365 / 4
=	2.4765					/	8.279	*	365 / 4
=	27.30

JMJ Fintech Days Payable Related Terms

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JMJ Fintech (BOM:538834) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Financial Services » Credit Services » JMJ Fintech Ltd (BOM:538834) » Definitions » Days Payable

Comparable Companies

Traded in Other Exchanges

N/A

Address

Gopalsamy Temple Street, Shop No 3, 1st Floor, Adhi Vinayaka Complex, No 3 Bus stand, Coimbatore, TN, IND, 641006

Website

https://jmjfintechltd.com

JMJ Fintech Ltd is an Indian non-banking finance company. The company is engaged in non-banking financial activities and investment/trading in shares and securities. It also lends money, provides loans to both corporate clients and high net worth individuals. The business also finances the small and medium-sized enterprise (SME) sector for growth. It acts as a consultant to the organizations for raising funds, including capital either through an initial public offering or private equity/venture funds. It serves as a management consultant relating to the merger, amalgamation, acquisitions, and valuation.

JMJ Fintech (BOM:538834) Headlines

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