Ambition Mica (BOM:539223) Days Payable: 115.38 (As of Jun. 2023)

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BOM:539223 Ambition Mica Ltd BOM:539223
4 GF Score
Price ₹2.96
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What is Ambition Mica Days Payable?

Ambition Mica BOM:539223 4 Days Payable is 115.38 as of Jun. 2023. GuruFocus rates BOM:539223 with a GF Score™ of 4/100.

Ambition Mica's average Accounts Payable for the three months ended in Jun. 2023 was ₹46.2 Mil. Ambition Mica's Cost of Goods Sold for the three months ended in Jun. 2023 was ₹36.5 Mil. Hence, Ambition Mica's Days Payable for the three months ended in Jun. 2023 was 115.38.

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

BOM:539223's Days Payable is not ranked *
in the Furnishings, Fixtures & Appliances industry.
Industry Median: 65.935
* Ranked among companies with meaningful Days Payable only.

Ambition Mica's Days Payable declined from Jun. 2022 (164.79) to Jun. 2023 (115.38). It may suggest that Ambition Mica accelerated paying its suppliers.

Ambition Mica Days Payable Historical Data

* Premium members only.

The historical data trend for Ambition Mica'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.

Ambition Mica Days Payable Chart

Ambition Mica Annual Data
Trend Mar14 Mar15 Mar16 Mar17 Mar18 Mar19 Mar20 Mar21 Mar22 Mar23
Days Payable
Get a 7-Day Free Trial Premium Member Only Premium Member Only 159.80 192.94 284.34 100.90 231.82

Ambition Mica Quarterly Data
Sep18 Dec18 Mar19 Jun19 Sep19 Dec19 Mar20 Jun20 Sep20 Dec20 Mar21 Jun21 Sep21 Dec21 Mar22 Jun22 Sep22 Dec22 Mar23 Jun23
Days Payable Get a 7-Day Free Trial Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only 164.79 75.66 165.60 207.11 115.38

BOM:539223 vs TPX, SN, WHR: Days Payable Comparison

For the Furnishings, Fixtures & Appliances subindustry, Ambition Mica'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.

Ambition Mica Days Payable vs Furnishings, Fixtures & Appliances Industry

For the Furnishings, Fixtures & Appliances industry and Consumer Cyclical sector, Ambition Mica's Days Payable distribution charts can be found below:

* The bar in red indicates where Ambition Mica's Days Payable falls into.


BOM:539223
4GF Score
Ambition Mica Ltd BOM:539223
Days Payable is just one metric. See GF Score™, valuation, warning signs, and more.
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Ambition Mica 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.

Ambition Mica'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
=( (112.14 + 46.207) / 2 ) / 124.66*365
=79.1735 / 124.66*365
=231.82

Ambition Mica's Days Payable for the quarter that ended in Jun. 2023 is calculated as:

Days Payable (Q: Jun. 2023 )
=Average Accounts Payable / Cost of Goods Sold*Days in Period
=( (Accounts Payable (Q: Mar. 2023 ) + Accounts Payable (Q: Jun. 2023 )) / count ) / Cost of Goods Sold (Q: Jun. 2023 )*Days in Period
=( (46.207 + 0) / 1 ) / 36.544*365 / 4
=46.207 / 36.544*365 / 4
=115.38

* 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.

Frequently Asked Questions Learn more about Days Payable →
What does a Days Payable of 115.38 mean?
Ambition Mica (BOM:539223) has a Days Payable of 115.38 as of Jun. 2023. Days payable represents the average amount of days a company waits to pay its invoices from suppliers. View historical data on Ambition Mica and its competitors.
Is Ambition Mica's Days Payable too high?
Ambition Mica's current Days Payable is 115.38. The Furnishings, Fixtures & Appliances industry median Days Payable is 65.94. Ambition Mica's value of 115.38 is 75% above this industry median. Overall, Ambition Mica has a GF Score™ of 4/100, reflecting its overall financial health beyond just this single metric.
How does Ambition Mica's Days Payable compare to TPX and SN?
Ambition Mica's Days Payable of 115.38 can be compared against companies in the Furnishings, Fixtures & Appliances industry. The industry median Days Payable is 65.94. Ambition Mica's value of 115.38 is 75% above this benchmark. See the competitive comparison table and distribution chart on this page for a detailed peer-by-peer breakdown.
What is a good Days Payable for a Furnishings, Fixtures & Appliances company?
The median Days Payable among Furnishings, Fixtures & Appliances companies is 65.94, based on 418 companies in the industry. Companies in the top quartile (top 25%) have a Days Payable significantly above this median, while those in the bottom quartile fall well below. However, Days Payable should not be evaluated in isolation — investors should consider it alongside profitability, growth, and financial strength metrics. Ambition Mica's current Days Payable of 115.38 is 75% above the industry median. Use the industry distribution chart on this page to see where any company falls relative to its peers.
What does a high Days Payable mean?
A high Days Payable can signal that a stock is expensive relative to its fundamentals. Days payable represents the average amount of days a company waits to pay its invoices from suppliers. View historical data on Ambition Mica and its competitors. For the Furnishings, Fixtures & Appliances industry, the median Days Payable is 65.94 — values significantly above this may indicate overvaluation, while values below may suggest a bargain or underlying issues. Ambition Mica's current Days Payable is 115.38. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is Ambition Mica stock overvalued right now?
Ambition Mica (BOM:539223) has a current Days Payable of 115.38. The current Days Payable is 115.38 and 75% above the Furnishings, Fixtures & Appliances industry median of 65.94. Ambition Mica's overall GF Score™ is 4/100. Investors should evaluate multiple metrics — including profitability, growth, and financial strength — before making a decision.
How is Days Payable calculated?
Days Payable is calculated from a company's financial statements. For Ambition Mica (BOM:539223), the current Days Payable is 115.38 as of Jun. 2023. GuruFocus calculates this using data sourced from SEC filings and annual reports. See the calculation section and 30-year financial data on this page for the full breakdown.

Ambition Mica Business Description

Address Anand Timber Mart Compound, Behind Karnavati Hospital, Opposite Saijpur Tower, Saijpur Bogha, Ahmedabad, GJ, IND, 382345
Ambition Mica Ltd operates in the laminate industry. The company is engaged in the manufacturing of decorative laminates and door skins. It markets laminates and door skin under brands like Antique, Art Lam, Antique Aurum, Antique Natural Wood, Boutique, and Micro Touch.
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Days Payable is just one metric. See GF Value™, 30-year financials, guru trades, warning signs, and more.

₹2.96
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