IIFL Securities (BOM:542773) Days Payable : 1.75 (As of Mar. 2024)

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What is IIFL Securities Days Payable?

IIFL Securities's average Accounts Payable for the three months ended in Mar. 2024 was ₹49 Mil. IIFL Securities's Cost of Goods Sold for the three months ended in Mar. 2024 was ₹2,568 Mil. Hence, IIFL Securities's Days Payable for the three months ended in Mar. 2024 was 1.75.

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

BOM:542773' s Days Payable Range Over the Past 10 Years
Min: 1.21 Med: 329.23 Max: 1508.02
Current: 1.51

During the past 8 years, IIFL Securities's highest Days Payable was 1508.02. The lowest was 1.21. And the median was 329.23.

BOM:542773's Days Payable is ranked worse than
95.27% of 528 companies
in the Capital Markets industry
Industry Median: 108.18 vs BOM:542773: 1.51

IIFL Securities's Days Payable increased from Mar. 2023 (1.29) to Mar. 2024 (1.75). It may suggest that IIFL Securities delayed paying its suppliers.

IIFL Securities Days Payable Historical Data

The historical data trend for IIFL Securities'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.

IIFL Securities Days Payable Chart

IIFL Securities Annual Data

Trend

Mar17

Mar18

Mar19

Mar20

Mar21

Mar22

Mar23

Mar24

Days Payable

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653.85

4.60

1.88

1.21

1.45

IIFL Securities 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															1.29	1.12	1.58	1.65	1.75

Competitive Comparison of IIFL Securities's Days Payable

For the Capital Markets subindustry, IIFL Securities'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.

IIFL Securities's Days Payable Distribution in the Capital Markets Industry

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

* The bar in red indicates where IIFL Securities's Days Payable falls into.

IIFL Securities 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.

IIFL Securities'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
=	( (25.22	+	49.184)	/	2 )	/	9341.897	*	365
=	37.202					/	9341.897	*	365
=	1.45

IIFL Securities'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
=	( (0	+	49.184)	/	1 )	/	2567.875	*	365 / 4
=	49.184					/	2567.875	*	365 / 4
=	1.75

IIFL Securities Days Payable Related Terms

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

IIFL Securities (BOM:542773) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Financial Services » Capital Markets » IIFL Securities Ltd (BOM:542773) » Definitions » Days Payable

Comparable Companies

Traded in Other Exchanges

IIFLSEC:India

Address

N. S. Phadke Marg, Ground Floor, Hubtown Solaris, Vijay Nagar, Andheri (East), Mumbai, MH, IND, 400 069

Website

https://www.iiflsecurities.com

IIFL Securities Ltd offers a wide range of financial services. Its business segments consist of Capital market activity, Insurance Broking, Facilities and ancillary, and Others. The company's products include Non-Banking and Housing Finance, Wealth and Asset Management, Financial Advisory and Broking, Mutual Funds and Financial Product Distribution, Investment Banking, Institutional Equities, Realty Broking, and Advisory Services. It generates maximum revenue from the Capital market segment.

IIFL Securities (BOM:542773) Headlines

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