Radiant Cash Management Services (BOM:543732) Days Payable : 207.45 (As of Mar. 2024)

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What is Radiant Cash Management Services Days Payable?

Radiant Cash Management Services's average Accounts Payable for the three months ended in Mar. 2024 was ₹17 Mil. Radiant Cash Management Services's Cost of Goods Sold for the three months ended in Mar. 2024 was ₹7 Mil. Hence, Radiant Cash Management Services's Days Payable for the three months ended in Mar. 2024 was 207.45.

The historical rank and industry rank for Radiant Cash Management Services's Days Payable or its related term are showing as below:

BOM:543732' s Days Payable Range Over the Past 10 Years
Min: 526.95 Med: 615.51 Max: 615.51
Current: 526.95

During the past 5 years, Radiant Cash Management Services's highest Days Payable was 615.51. The lowest was 526.95. And the median was 615.51.

BOM:543732's Days Payable is ranked better than
95.25% of 927 companies
in the Business Services industry
Industry Median: 46.77 vs BOM:543732: 526.95

Radiant Cash Management Services's Days Payable increased from Mar. 2023 (0.00) to Mar. 2024 (207.45). It may suggest that Radiant Cash Management Services delayed paying its suppliers.

Radiant Cash Management Services Days Payable Historical Data

The historical data trend for Radiant Cash Management Services'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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Radiant Cash Management Services Days Payable Chart

Radiant Cash Management Services Annual Data

Trend

Mar20

Mar21

Mar22

Mar23

Mar24

Days Payable

615.51

Radiant Cash Management Services Quarterly Data
	Mar20	Mar21	Mar22	Jun22	Sep22	Dec22	Mar23	Jun23	Sep23	Dec23	Mar24
Days Payable	Get a 7-Day Free Trial						-	-	-	-	207.45

Competitive Comparison of Radiant Cash Management Services's Days Payable

For the Specialty Business Services subindustry, Radiant Cash Management Services'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.

Radiant Cash Management Services's Days Payable Distribution in the Business Services Industry

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

* The bar in red indicates where Radiant Cash Management Services's Days Payable falls into.

Radiant Cash Management Services 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.

Radiant Cash Management Services'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
=	( (8.2	+	16.96)	/	2 )	/	7.46	*	365
=	12.58					/	7.46	*	365
=	615.51

Radiant Cash Management Services'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	+	16.96)	/	1 )	/	7.46	*	365 / 4
=	16.96					/	7.46	*	365 / 4
=	207.45

Radiant Cash Management Services Days Payable Related Terms

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Radiant Cash Management Services (BOM:543732) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Industrials » Business Services » Radiant Cash Management Services Ltd (BOM:543732) » Definitions » Days Payable

Comparable Companies

Traded in Other Exchanges

RADIANTCMS:India

Address

No. 4/3 Raju Nagar, First Street, Old Mahabalipuram Road, Radiant Building, Okkiyam Thoraipakkam, OMR, Chennai, TN, IND, 600 009

Website

https://www.radiantcashservices.com

Radiant Cash Management Services Ltd is an integrated cash logistics player with a presence in retail cash management. The company operates its business across five verticals, namely cash pick-up and delivery; network currency management (also known as cash burial in industry parlance); cash processing; cash vans /cash in transit and other value-added services. Its clients include some of the foreign, private and public sector banks, and the end user of services include some of the e-commerce companies, retail chains, NBFCs, insurance firms, e-commerce logistics players, railways and retail petroleum distribution outlets. The company generates the majority of its revenue from Cash Pick and Delivery services.

Radiant Cash Management Services (BOM:543732) Headlines

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