Modis Navnirman (BOM:543539) Days Payable : 38.07 (As of Mar. 2024)

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What is Modis Navnirman Days Payable?

Modis Navnirman's average Accounts Payable for the six months ended in Mar. 2024 was ₹58.2 Mil. Modis Navnirman's Cost of Goods Sold for the six months ended in Mar. 2024 was ₹279.2 Mil. Hence, Modis Navnirman's Days Payable for the six months ended in Mar. 2024 was 38.07.

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

BOM:543539' s Days Payable Range Over the Past 10 Years
Min: 17.55 Med: 50.48 Max: 441.32
Current: 41.5

During the past 5 years, Modis Navnirman's highest Days Payable was 441.32. The lowest was 17.55. And the median was 50.48.

BOM:543539's Days Payable is ranked worse than
74.6% of 1579 companies
in the Real Estate industry
Industry Median: 99.69 vs BOM:543539: 41.50

Modis Navnirman's Days Payable increased from Mar. 2023 (35.76) to Mar. 2024 (38.07). It may suggest that Modis Navnirman delayed paying its suppliers.

Modis Navnirman Days Payable Historical Data

The historical data trend for Modis Navnirman'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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Modis Navnirman Days Payable Chart

Modis Navnirman Annual Data

Trend

Mar20

Mar21

Mar22

Mar23

Mar24

Days Payable

17.55

50.48

441.32

52.14

44.70

Modis Navnirman Semi-Annual Data
	Mar20	Mar21	Mar22	Sep22	Mar23	Sep23	Mar24
Days Payable	Get a 7-Day Free Trial			-	40.84	35.76	42.60	38.07

Competitive Comparison of Modis Navnirman's Days Payable

For the Real Estate - Development subindustry, Modis Navnirman'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.

Modis Navnirman's Days Payable Distribution in the Real Estate Industry

For the Real Estate industry and Real Estate sector, Modis Navnirman's Days Payable distribution charts can be found below:

* The bar in red indicates where Modis Navnirman's Days Payable falls into.

Modis Navnirman 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.

Modis Navnirman'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
=	( (43.72	+	71.3)	/	2 )	/	469.621	*	365
=	57.51					/	469.621	*	365
=	44.70

Modis Navnirman'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
=	( (45.18	+	71.3)	/	2 )	/	279.215	*	365 / 2
=	58.24					/	279.215	*	365 / 2
=	38.07

Modis Navnirman Days Payable Related Terms

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Modis Navnirman (BOM:543539) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Real Estate » Real Estate » Modis Navnirman Ltd (BOM:543539) » Definitions » Days Payable

Traded in Other Exchanges

N/A

Address

M G Road, Shop No. 1, Rashmi Heights, Opposite Kamla Nagar, Kandivali (West), Mumbai, MH, IND, 400067

Website

https://www.modisnirman.com

Modis Navnirman Ltd is engaged in the real estate sector. It focuses on the mid-market and affordable housing categories as its target segment within the residential housing market. The company's projects are located in the western suburbs of Mumbai specifically in and around the areas of Borivali, Kandivali, Malad and Goregaon. The company projects are Rashmi Enclave, Badshah Residency, Rashmi Jewel, Rashmi Terrace and others.

Modis Navnirman (BOM:543539) Headlines

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