Associated Coaters (BOM:544183) Days Payable: 100.46 (As of Mar. 2026) — 42% Below Median

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BOM:544183 Associated Coaters Ltd BOM:544183
21 GF Score
Price ₹103.50
! 1 Warning Sign
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What is Associated Coaters Days Payable?

Associated Coaters BOM:544183 -13.61% 21 Days Payable is 100.46 as of Mar. 2026, which is 42% below its 10-year median of 173.30. GuruFocus rates BOM:544183 with a GF Score™ of 21/100. The stock has 1 warning sign investors should review. Among 949 Business Services companies, Associated Coaters ranks better than 80.3% on this metric.

Associated Coaters's average Accounts Payable for the six months ended in Mar. 2026 was ₹17.10 Mil. Associated Coaters's Cost of Goods Sold for the six months ended in Mar. 2026 was ₹31.07 Mil. Hence, Associated Coaters's Days Payable for the six months ended in Mar. 2026 was 100.46.

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

BOM:544183' s Days Payable Range Over the Past 10 Years
Min: 123.25   Med: 173.3   Max: 344
Current: 128.23

During the past 6 years, Associated Coaters's highest Days Payable was 344.00. The lowest was 123.25. And the median was 173.30.

BOM:544183's Days Payable is ranked better than
80.3% of 949 companies
in the Business Services industry
Industry Median: 46.31 vs BOM:544183: 128.23

Associated Coaters's Days Payable declined from Mar. 2025 (174.77) to Mar. 2026 (100.46). It may suggest that Associated Coaters accelerated paying its suppliers.


Associated Coaters Days Payable Historical Data

* Premium members only.

The historical data trend for Associated Coaters'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.

Associated Coaters Days Payable Chart

Associated Coaters Annual Data
Trend Mar21 Mar22 Mar23 Mar24 Mar25 Mar26
Days Payable
Get a 7-Day Free Trial 344.00 153.70 173.30 216.65 123.25

Associated Coaters Semi-Annual Data
Mar21 Mar22 Mar23 Sep23 Mar24 Sep24 Mar25 Sep25 Mar26
Days Payable Get a 7-Day Free Trial Premium Member Only 217.96 343.48 174.77 190.60 100.46

BOM:544183 vs CTAS, CPRT, GPN: Days Payable Comparison

For the Specialty Business Services subindustry, Associated Coaters'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.


Associated Coaters Days Payable vs Business Services Industry

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

* The bar in red indicates where Associated Coaters's Days Payable falls into.


BOM:544183
21GF Score
Associated Coaters Ltd BOM:544183
Days Payable is just one metric. See GF Score™, valuation, warning signs, and more.
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Associated Coaters 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.

Associated Coaters's Days Payable for the fiscal year that ended in Mar. 2026 is calculated as

Days Payable (A: Mar. 2026 )
=Average Accounts Payable /Cost of Goods Sold*Days in Period
=( (Accounts Payable (A: Mar. 2025 ) + Accounts Payable (A: Mar. 2026 )) / count ) / Cost of Goods Sold (A: Mar. 2026 )*Days in Period
=( (15.087 + 16.496) / 2 ) / 46.767*365
=15.7915 / 46.767*365
=123.25

Associated Coaters's Days Payable for the quarter that ended in Mar. 2026 is calculated as:

Days Payable (Q: Mar. 2026 )
=Average Accounts Payable / Cost of Goods Sold*Days in Period
=( (Accounts Payable (Q: Sep. 2025 ) + Accounts Payable (Q: Mar. 2026 )) / count ) / Cost of Goods Sold (Q: Mar. 2026 )*Days in Period
=( (17.707 + 16.496) / 2 ) / 31.067*365 / 2
=17.1015 / 31.067*365 / 2
=100.46

* 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.

Frequently Asked Questions Learn more about Days Payable →
What does a Days Payable of 100.46 mean?
Associated Coaters (BOM:544183) has a Days Payable of 100.46 as of Mar. 2026. Days payable represents the average amount of days a company waits to pay its invoices from suppliers. View historical data on Associated Coaters and its competitors. This is 42% below median its historical median of 173.30. Over the past decade, Associated Coaters' Days Payable has ranged from 123.25 to 344.00. According to the industry distribution chart, Associated Coaters ranks #187 out of 949 companies in the Business Services industry, placing it in the top 19.7%.
Is Associated Coaters' Days Payable too high?
Associated Coaters' current Days Payable of 100.46 is 42% below median its 10-year median of 173.30. Over the past 10 years, this metric has ranged from a low of 123.25 to a high of 344.00. The Business Services industry median Days Payable is 46.31. Associated Coaters' value of 100.46 is 116.9% above this industry median. Based on the distribution chart, Associated Coaters ranks #187 out of 949 companies in the Business Services industry, which is in the top quartile — a strong position relative to peers. Overall, Associated Coaters has a GF Score™ of 21/100, reflecting its overall financial health beyond just this single metric.
How does Associated Coaters' Days Payable compare to CTAS and CPRT?
According to the Business Services industry distribution chart, Associated Coaters ranks #187 out of 949 companies for Days Payable. This places Associated Coaters in the top 20% of its industry — outperforming the majority of peers. The industry median Days Payable is 46.31. Associated Coaters' value of 100.46 is 116.9% above this benchmark. Historically, Associated Coaters' own Days Payable has ranged from 123.25 to 344.00 over the past decade. While the company's 10-year median is 173.30 vs. the industry median of 46.31, Associated Coaters has consistently been above the industry average. See the competitive comparison table and distribution chart on this page for a detailed peer-by-peer breakdown.
What is a good Days Payable for a Business Services company?
The median Days Payable among Business Services companies is 46.31, based on 949 companies in the industry. Companies in the top quartile (top 25%) have a Days Payable significantly above this median, while those in the bottom quartile fall well below. However, Days Payable should not be evaluated in isolation — investors should consider it alongside profitability, growth, and financial strength metrics. Associated Coaters's current Days Payable of 100.46 is 116.9% above the industry median. Use the industry distribution chart on this page to see where any company falls relative to its peers.
What does a high Days Payable mean?
A high Days Payable can signal that a stock is expensive relative to its fundamentals. Days payable represents the average amount of days a company waits to pay its invoices from suppliers. View historical data on Associated Coaters and its competitors. For the Business Services industry, the median Days Payable is 46.31 — values significantly above this may indicate overvaluation, while values below may suggest a bargain or underlying issues. Associated Coaters's current Days Payable is 100.46, which is 42% below median its own 10-year median of 173.30. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is Associated Coaters stock overvalued right now?
Associated Coaters (BOM:544183) has a current Days Payable of 100.46. The current Days Payable is 100.46, which is 42% below median its 10-year median of 173.30 and 116.9% above the Business Services industry median of 46.31. Associated Coaters' overall GF Score™ is 21/100 with 1 warning sign to review. Investors should evaluate multiple metrics — including profitability, growth, and financial strength — before making a decision.
How is Days Payable calculated?
Days Payable is calculated from a company's financial statements. For Associated Coaters (BOM:544183), the current Days Payable is 100.46 as of Mar. 2026. GuruFocus calculates this using data sourced from SEC filings and annual reports. See the calculation section and 30-year financial data on this page for the full breakdown.

Associated Coaters Business Description

Address Ashuti Khanberia Maheshtala LP 20/83/46, Vivekanandapur, South 24 Parganas, Thakurpukur Mahestola, Kolkata, WB, IND, 700141
Associated Coaters Ltd is engaged in the business of providing services by way of pre-treatment and powder coating of aluminium extrusions in the Architect and Real Estate Industry. The company's process begins with surface cleaning to eliminate dirt, grease, or other contaminants, followed by the application of a strategic chemical solution to enhance powder coating adhesion. Techniques such as acidic surface etching and specialized pretreatment agents ensure optimal surface wettability.
21GF Score

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