Meghmani Organics (BOM:543331) Days Payable : 113.37 (As of Dec. 2023)

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What is Meghmani Organics Days Payable?

Meghmani Organics's average Accounts Payable for the three months ended in Dec. 2023 was ₹2,869 Mil. Meghmani Organics's Cost of Goods Sold for the three months ended in Dec. 2023 was ₹2,309 Mil. Hence, Meghmani Organics's Days Payable for the three months ended in Dec. 2023 was 113.37.

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

BOM:543331' s Days Payable Range Over the Past 10 Years
Min: 88.61 Med: 115.52 Max: 215.51
Current: 144.04

During the past 5 years, Meghmani Organics's highest Days Payable was 215.51. The lowest was 88.61. And the median was 115.52.

BOM:543331's Days Payable is ranked better than
78.54% of 233 companies
in the Agriculture industry
Industry Median: 79.04 vs BOM:543331: 144.04

Meghmani Organics's Days Payable declined from Dec. 2022 (151.62) to Dec. 2023 (113.37). It may suggest that Meghmani Organics accelerated paying its suppliers.

Meghmani Organics Days Payable Historical Data

The historical data trend for Meghmani Organics'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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Meghmani Organics Days Payable Chart

Meghmani Organics Annual Data

Trend

Mar19

Mar20

Mar21

Mar22

Mar23

Days Payable

88.61

215.51

114.69

115.52

124.07

Meghmani Organics Quarterly Data
	Mar19	Jun19	Sep19	Dec19	Mar20	Jun20	Sep20	Dec20	Mar21	Jun21	Sep21	Dec21	Mar22	Jun22	Sep22	Dec22	Mar23	Jun23	Sep23	Dec23
Days Payable	Get a 7-Day Free Trial															151.62	121.84	132.12	112.33	113.37

Competitive Comparison of Meghmani Organics's Days Payable

For the Agricultural Inputs subindustry, Meghmani Organics'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.

Meghmani Organics's Days Payable Distribution in the Agriculture Industry

For the Agriculture industry and Basic Materials sector, Meghmani Organics's Days Payable distribution charts can be found below:

* The bar in red indicates where Meghmani Organics's Days Payable falls into.

Meghmani Organics 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.

Meghmani Organics'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
=	( (5781.397	+	4477.714)	/	2 )	/	15090.515	*	365
=	5129.5555					/	15090.515	*	365
=	124.07

Meghmani Organics's Days Payable for the quarter that ended in Dec. 2023 is calculated as:

	Days Payable (Q: Dec. 2023 )
=	Average Accounts Payable					/	Cost of Goods Sold	*	Days in Period
=	( (Accounts Payable (Q: Sep. 2023 )	+	Accounts Payable (Q: Dec. 2023 ))	/	count )	/	Cost of Goods Sold (Q: Dec. 2023 )	*	Days in Period
=	( (2868.634	+	0)	/	1 )	/	2308.89	*	365 / 4
=	2868.634					/	2308.89	*	365 / 4
=	113.37

Meghmani Organics Days Payable Related Terms

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Meghmani Organics (BOM:543331) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Basic Materials » Agriculture » Meghmani Organics Ltd (BOM:543331) » Definitions » Days Payable

Comparable Companies

Traded in Other Exchanges

MOL:India

Address

Near Raj Bunglows, Near Safal Profitaire, Prahlad Nagar, 1st to 3rd Floor, Meghmani House, Satellite, Ahmedabad, GJ, IND, 380015

Website

https://www.meghmani.com

Meghmani Organics Ltd is engaged in the manufacturing of pigments and agrochemicals. The company operates through business divisions namely Pigments and Agrochemicals. The Pigments division is engaged in the manufacture and distribution of phthalocyanine green 7, copper phthalocyanine blue, alpha blue, and beta blue. The Agrochemicals Division, the key revenue-generating segment, is engaged in the manufacturing and distribution of technical, intermediates, and formulations of Crop Protection Chemicals. The company has a presence in India as well as Outside India.

Meghmani Organics (BOM:543331) Headlines

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