Cospower Engineering (BOM:543172) Days Payable : 161.60 (As of Sep. 2023)

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What is Cospower Engineering Days Payable?

Cospower Engineering's average Accounts Payable for the six months ended in Sep. 2023 was ₹39.1 Mil. Cospower Engineering's Cost of Goods Sold for the six months ended in Sep. 2023 was ₹44.2 Mil. Hence, Cospower Engineering's Days Payable for the six months ended in Sep. 2023 was 161.60.

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

BOM:543172' s Days Payable Range Over the Past 10 Years
Min: 113.3 Med: 157.58 Max: 203.06
Current: 113.3

During the past 7 years, Cospower Engineering's highest Days Payable was 203.06. The lowest was 113.30. And the median was 157.58.

BOM:543172's Days Payable is ranked better than
75.63% of 2421 companies
in the Hardware industry
Industry Median: 67.87 vs BOM:543172: 113.30

Cospower Engineering's Days Payable declined from Sep. 2022 (267.43) to Sep. 2023 (161.60). It may suggest that Cospower Engineering accelerated paying its suppliers.

Cospower Engineering Days Payable Historical Data

The historical data trend for Cospower Engineering'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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Cospower Engineering Days Payable Chart

Cospower Engineering Annual Data

Trend

Mar17

Mar18

Mar19

Mar20

Mar21

Mar22

Mar23

Days Payable

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145.45

203.06

140.83

160.91

157.58

Cospower Engineering Semi-Annual Data
	Mar17	Mar18	Mar19	Sep19	Mar20	Sep20	Mar21	Sep21	Mar22	Sep22	Mar23	Sep23
Days Payable	Get a 7-Day Free Trial							115.34	181.45	267.43	94.78	161.60

Competitive Comparison of Cospower Engineering's Days Payable

For the Electronic Components subindustry, Cospower Engineering'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.

Cospower Engineering's Days Payable Distribution in the Hardware Industry

For the Hardware industry and Technology sector, Cospower Engineering's Days Payable distribution charts can be found below:

* The bar in red indicates where Cospower Engineering's Days Payable falls into.

Cospower Engineering 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.

Cospower Engineering'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
=	( (31.303	+	44.397)	/	2 )	/	87.673	*	365
=	37.85					/	87.673	*	365
=	157.58

Cospower Engineering's Days Payable for the quarter that ended in Sep. 2023 is calculated as:

	Days Payable (Q: Sep. 2023 )
=	Average Accounts Payable					/	Cost of Goods Sold	*	Days in Period
=	( (Accounts Payable (Q: Mar. 2023 )	+	Accounts Payable (Q: Sep. 2023 ))	/	count )	/	Cost of Goods Sold (Q: Sep. 2023 )	*	Days in Period
=	( (44.397	+	33.826)	/	2 )	/	44.17	*	365 / 2
=	39.1115					/	44.17	*	365 / 2
=	161.60

Cospower Engineering Days Payable Related Terms

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Cospower Engineering (BOM:543172) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Technology » Hardware » Cospower Engineering Ltd (BOM:543172) » Definitions » Days Payable

Comparable Companies

Traded in Other Exchanges

N/A

Address

Chincholi Bunder Road, 403, Chandra-Raj Building, Behind Vivanta Hospital, Malad (West), Mumbai, MH, IND, 400064

Website

https://www.cel.net.in

Cospower Engineering Ltd is engaged in the business of manufacturing of electrical panels, harmonic filters and substations, and equipment mounting structures. It provides turnkey services which involve supply, installation, commissioning, testing, and comprehensive maintenance of electric products. The company has extended its product range to other power-related products that are needed to complete the electrical system. It offers under one roof a complete package of electrical systems and solutions. Its business comprises of manufacturing and supplying of re-active power compensation systems, harmonic filters, and other engineering goods.

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