Machhar Industries (BOM:543934) Days Payable : 151.64 (As of Mar. 2024)

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What is Machhar Industries Days Payable?

Machhar Industries's average Accounts Payable for the six months ended in Mar. 2024 was ₹7.6 Mil. Machhar Industries's Cost of Goods Sold for the six months ended in Mar. 2024 was ₹9.2 Mil. Hence, Machhar Industries's Days Payable for the six months ended in Mar. 2024 was 151.64.

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

BOM:543934' s Days Payable Range Over the Past 10 Years
Min: 56.85 Med: 80.61 Max: 1662.91
Current: 188.34

During the past 6 years, Machhar Industries's highest Days Payable was 1662.91. The lowest was 56.85. And the median was 80.61.

BOM:543934's Days Payable is ranked better than
92.8% of 1501 companies
in the Chemicals industry
Industry Median: 60.48 vs BOM:543934: 188.34

Machhar Industries's Days Payable increased from Mar. 2023 (0.00) to Mar. 2024 (151.64). It may suggest that Machhar Industries delayed paying its suppliers.

Machhar Industries Days Payable Historical Data

The historical data trend for Machhar Industries'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.

Machhar Industries Days Payable Chart

Machhar Industries Annual Data

Trend

Mar19

Mar20

Mar21

Mar22

Mar23

Mar24

Days Payable

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77.19

84.03

56.85

1,662.91

195.06

Machhar Industries Semi-Annual Data
	Mar19	Mar20	Mar21	Mar22	Sep22	Mar23	Sep23	Mar24
Days Payable	Get a 7-Day Free Trial			-	652.46	-	221.54	151.64

Competitive Comparison of Machhar Industries's Days Payable

For the Specialty Chemicals subindustry, Machhar Industries'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.

Machhar Industries's Days Payable Distribution in the Chemicals Industry

For the Chemicals industry and Basic Materials sector, Machhar Industries's Days Payable distribution charts can be found below:

* The bar in red indicates where Machhar Industries's Days Payable falls into.

Machhar Industries 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.

Machhar Industries'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
=	( (11.939	+	6.859)	/	2 )	/	17.588	*	365
=	9.399					/	17.588	*	365
=	195.06

Machhar Industries'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
=	( (8.428	+	6.859)	/	2 )	/	9.199	*	365 / 2
=	7.6435					/	9.199	*	365 / 2
=	151.64

Machhar Industries Days Payable Related Terms

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

Machhar Industries (BOM:543934) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Basic Materials » Chemicals » Machhar Industries Ltd (BOM:543934) » Definitions » Days Payable

Comparable Companies

Traded in Other Exchanges

N/A

Address

Jalna Road, Mondha Naka, City Pride Building, 1st Floor, FF-107, Above Domino’s, Aurangabad, MH, IND, 431001

Website

https://www.machharind.com

Machhar Industries Ltd operates with three distinct divisions: the explosive division, the transportation division, and Adblue (DEF). The company generates maximum revenue from the Transportation division.

Machhar Industries (BOM:543934) Headlines

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