ASK Automotive (BOM:544022) Days Payable : 38.72 (As of Jun. 2024)

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What is ASK Automotive Days Payable?

ASK Automotive's average Accounts Payable for the three months ended in Jun. 2024 was ₹2,477 Mil. ASK Automotive's Cost of Goods Sold for the three months ended in Jun. 2024 was ₹5,838 Mil. Hence, ASK Automotive's Days Payable for the three months ended in Jun. 2024 was 38.72.

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

BOM:544022' s Days Payable Range Over the Past 10 Years
Min: 34.7 Med: 38.93 Max: 52.81
Current: 45.83

During the past 4 years, ASK Automotive's highest Days Payable was 52.81. The lowest was 34.70. And the median was 38.93.

BOM:544022's Days Payable is ranked worse than
68.75% of 1277 companies
in the Vehicles & Parts industry
Industry Median: 65.91 vs BOM:544022: 45.83

ASK Automotive's Days Payable increased from Mar. 2023 (34.56) to Jun. 2024 (38.72). It may suggest that ASK Automotive delayed paying its suppliers.

ASK Automotive Days Payable Historical Data

The historical data trend for ASK Automotive'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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ASK Automotive Days Payable Chart

ASK Automotive Annual Data

Trend

Mar21

Mar22

Mar23

Mar24

Days Payable

52.81

41.63

34.70

36.22

ASK Automotive Quarterly Data
	Mar21	Mar22	Jun22	Dec22	Mar23	Jun23	Dec23	Mar24	Jun24
Days Payable	Get a 7-Day Free Trial				34.56	40.38	39.54	37.55	38.72

Competitive Comparison of ASK Automotive's Days Payable

For the Auto Parts subindustry, ASK Automotive'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.

ASK Automotive's Days Payable Distribution in the Vehicles & Parts Industry

For the Vehicles & Parts industry and Consumer Cyclical sector, ASK Automotive's Days Payable distribution charts can be found below:

* The bar in red indicates where ASK Automotive's Days Payable falls into.

ASK Automotive 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.

ASK Automotive'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
=	( (1698.519	+	2477.421)	/	2 )	/	21041.936	*	365
=	2087.97					/	21041.936	*	365
=	36.22

ASK Automotive's Days Payable for the quarter that ended in Jun. 2024 is calculated as:

	Days Payable (Q: Jun. 2024 )
=	Average Accounts Payable					/	Cost of Goods Sold	*	Days in Period
=	( (Accounts Payable (Q: Mar. 2024 )	+	Accounts Payable (Q: Jun. 2024 ))	/	count )	/	Cost of Goods Sold (Q: Jun. 2024 )	*	Days in Period
=	( (2477.421	+	0)	/	1 )	/	5837.7	*	365 / 4
=	2477.421					/	5837.7	*	365 / 4
=	38.72

ASK Automotive Days Payable Related Terms

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ASK Automotive Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Consumer Cyclical » Vehicles & Parts » ASK Automotive Ltd (BOM:544022) » Definitions » Days Payable

Comparable Companies

Traded in Other Exchanges

ASKAUTOLTD:India

Address

Sector 5, IMT Manesar, Plot No - 13-14, Gurgaon, HR, IND, 122 050

Website

https://www.askbrake.com

ASK Automotive Ltd is a manufacturer of brake-shoe and advanced braking systems for two-wheelers in India. The product range of the company includes AB systems; aluminum lightweight precision, wheel assembly to 2W OEMs; and safety control cables The company operates in India as well as overseas.

ASK Automotive Headlines

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