Ranjeet Mechatronics (BOM:541945) Days Payable : 59.19 (As of Mar. 2024)

View and export this data going back to 2018. Start your Free Trial

What is Ranjeet Mechatronics Days Payable?

Ranjeet Mechatronics's average Accounts Payable for the six months ended in Mar. 2024 was ₹33.2 Mil. Ranjeet Mechatronics's Cost of Goods Sold for the six months ended in Mar. 2024 was ₹102.4 Mil. Hence, Ranjeet Mechatronics's Days Payable for the six months ended in Mar. 2024 was 59.19.

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

BOM:541945' s Days Payable Range Over the Past 10 Years
Min: 40.01 Med: 92.96 Max: 175.4
Current: 87.88

During the past 11 years, Ranjeet Mechatronics's highest Days Payable was 175.40. The lowest was 40.01. And the median was 92.96.

BOM:541945's Days Payable is ranked better than
71.77% of 928 companies
in the Business Services industry
Industry Median: 46.74 vs BOM:541945: 87.88

Ranjeet Mechatronics's Days Payable increased from Mar. 2023 (49.12) to Mar. 2024 (59.19). It may suggest that Ranjeet Mechatronics delayed paying its suppliers.

Ranjeet Mechatronics Days Payable Historical Data

The historical data trend for Ranjeet Mechatronics'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.

* Premium members only.

Ranjeet Mechatronics Days Payable Chart

Ranjeet Mechatronics Annual Data

Trend

Mar15

Mar16

Mar17

Mar18

Mar19

Mar20

Mar21

Mar22

Mar23

Mar24

Days Payable

Get a 7-Day Free Trial

93.28

135.91

139.12

84.23

79.12

Ranjeet Mechatronics Semi-Annual Data
	Mar14	Mar15	Mar16	Mar17	Mar18	Sep18	Mar19	Sep19	Mar20	Sep20	Mar21	Sep21	Mar22	Sep22	Mar23	Sep23	Mar24
Days Payable	Get a 7-Day Free Trial												82.99	99.52	49.12	185.57	59.19

Competitive Comparison of Ranjeet Mechatronics's Days Payable

For the Security & Protection Services subindustry, Ranjeet Mechatronics'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.

Ranjeet Mechatronics's Days Payable Distribution in the Business Services Industry

For the Business Services industry and Industrials sector, Ranjeet Mechatronics's Days Payable distribution charts can be found below:

* The bar in red indicates where Ranjeet Mechatronics's Days Payable falls into.

Ranjeet Mechatronics 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.

Ranjeet Mechatronics'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
=	( (33.767	+	26.371)	/	2 )	/	138.707	*	365
=	30.069					/	138.707	*	365
=	79.12

Ranjeet Mechatronics'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: Sep. 2023 )	+	Accounts Payable (Q: Mar. 2024 ))	/	count )	/	Cost of Goods Sold (Q: Mar. 2024 )	*	Days in Period
=	( (40.052	+	26.371)	/	2 )	/	102.409	*	365 / 2
=	33.2115					/	102.409	*	365 / 2
=	59.19

Ranjeet Mechatronics Days Payable Related Terms

Thank you for viewing the detailed overview of Ranjeet Mechatronics's Days Payable provided by GuruFocus.com. Please click on the following links to see related term pages.

Ranjeet Mechatronics (BOM:541945) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Industrials » Business Services » Ranjeet Mechatronics Ltd (BOM:541945) » Definitions » Days Payable

Comparable Companies

Traded in Other Exchanges

N/A

Address

Anand Nagar Char Rasta, Prahlad Nagar Road, Block A, Office No. 407/408, 4th Floor, Dev Aurum, Ahmedabad, GJ, IND, 380 015

Website

https://www.ranjeet.co.in

Ranjeet Mechatronics Ltd is a company providing specialized firefighting solutions as a system integrator. It provides end-to-end solutions in the installation, designing, commission, testing, implementation, management and operational support for technology-based security and fire solutions. Products and services offered by the company include a fire sprinkler system, fire detection system, gas suppression system, fire extinguishers system, fire hydrant system, high-velocity water spray system, and a medium-velocity water spray system.

Ranjeet Mechatronics (BOM:541945) Headlines

No Headlines