Ruby Cables (BOM:539836) Days Payable: -0.89 (As of Mar. 2017)

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What is Ruby Cables Days Payable?

Ruby Cables BOM:539836 Days Payable is -0.89 as of Mar. 2017.

Ruby Cables's average Accounts Payable for the six months ended in Mar. 2017 was ₹-4.8 Mil. Ruby Cables's Cost of Goods Sold for the six months ended in Mar. 2017 was ₹991.9 Mil. Hence, Ruby Cables's Days Payable for the six months ended in Mar. 2017 was -0.89.

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

BOM:539836's Days Payable is not ranked *
in the Industrial Products industry.
Industry Median: 78.04
* Ranked among companies with meaningful Days Payable only.

Ruby Cables's Days Payable declined from Mar. 2016 (25.11) to Mar. 2017 (-0.89). It may suggest that Ruby Cables accelerated paying its suppliers.

Ruby Cables Days Payable Historical Data

* Premium members only.

The historical data trend for Ruby Cables'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.

Ruby Cables Days Payable Chart

Ruby Cables Annual Data
Trend Mar11 Mar12 Mar13 Mar14 Mar15 Mar16 Mar17
Days Payable
Get a 7-Day Free Trial 11.62 9.51 13.16 6.10 7.75

Ruby Cables Semi-Annual Data
Mar11 Mar12 Mar13 Mar14 Mar15 Sep15 Mar16 Sep16 Mar17
Days Payable Get a 7-Day Free Trial Premium Member Only 0.00 31.46 25.11 -22.60 -0.89

BOM:539836 vs TNLX, MFCO: Days Payable Comparison

For the Electrical Equipment & Parts subindustry, Ruby Cables'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.

Ruby Cables Days Payable vs Industrial Products Industry

For the Industrial Products industry and Industrials sector, Ruby Cables's Days Payable distribution charts can be found below:

* The bar in red indicates where Ruby Cables's Days Payable falls into.


Ruby Cables 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.

Ruby Cables's Days Payable for the fiscal year that ended in Mar. 2017 is calculated as

Days Payable (A: Mar. 2017 )
=Average Accounts Payable /Cost of Goods Sold*Days in Period
=( (Accounts Payable (A: Mar. 2016 ) + Accounts Payable (A: Mar. 2017 )) / count ) / Cost of Goods Sold (A: Mar. 2017 )*Days in Period
=( (19.328 + 25.501) / 2 ) / 1055.85*365
=22.4145 / 1055.85*365
=7.75

Ruby Cables's Days Payable for the quarter that ended in Mar. 2017 is calculated as:

Days Payable (Q: Mar. 2017 )
=Average Accounts Payable / Cost of Goods Sold*Days in Period
=( (Accounts Payable (Q: Sep. 2016 ) + Accounts Payable (Q: Mar. 2017 )) / count ) / Cost of Goods Sold (Q: Mar. 2017 )*Days in Period
=( (-35.176 + 25.501) / 2 ) / 991.859*365 / 2
=-4.8375 / 991.859*365 / 2
=-0.89

* 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 -0.89 mean?
Ruby Cables (BOM:539836) has a Days Payable of -0.89 as of Mar. 2017. Days payable represents the average amount of days a company waits to pay its invoices from suppliers. View historical data on Ruby Cables and its competitors.
Is Ruby Cables' Days Payable too high?
Ruby Cables' current Days Payable is -0.89.
How does Ruby Cables' Days Payable compare to TNLX and MFCO?
Ruby Cables' Days Payable of -0.89 can be compared against companies in the Industrial Products industry. The industry median Days Payable is 78.04. 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 an Industrial Products company?
The median Days Payable among Industrial Products companies is 78.04, based on 2,993 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. 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 Ruby Cables and its competitors. For the Industrial Products industry, the median Days Payable is 78.04 — values significantly above this may indicate overvaluation, while values below may suggest a bargain or underlying issues. Ruby Cables's current Days Payable is -0.89. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is Ruby Cables stock overvalued right now?
Ruby Cables (BOM:539836) has a current Days Payable of -0.89. The current Days Payable is -0.89. 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 Ruby Cables (BOM:539836), the current Days Payable is -0.89 as of Mar. 2017. 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.

Ruby Cables Business Description

Address 15, G.I.D.C., Manjusar, Taluk Savli, Vadodara, GJ, IND, 391775
Ruby Cables Ltd is the manufacturer of all types of polyvinyl chloride/chemically cross-linked polyethylene Foam(PVC/XLPE) insulated low tension wires and cables. The company also manufactures all aluminium conductors(AAC), all aluminium alloy conductors(AAAC), aluminium conductor steel reinforced cable(ACSR) and aerial bunch cables. The company is based in India.