Afcom Holdings (BOM:544224) Days Payable : 10.13 (As of Sep. 2024)

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What is Afcom Holdings Days Payable?

Afcom Holdings's average Accounts Payable for the six months ended in Sep. 2024 was ₹33.6 Mil. Afcom Holdings's Cost of Goods Sold for the six months ended in Sep. 2024 was ₹606.0 Mil. Hence, Afcom Holdings's Days Payable for the six months ended in Sep. 2024 was 10.13.

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

BOM:544224' s Days Payable Range Over the Past 10 Years
Min: 7.72 Med: 9.82 Max: 20.26
Current: 20.26

During the past 3 years, Afcom Holdings's highest Days Payable was 20.26. The lowest was 7.72. And the median was 9.82.

BOM:544224's Days Payable is ranked worse than
78.86% of 951 companies
in the Transportation industry
Industry Median: 35.9 vs BOM:544224: 20.26

Afcom Holdings's Days Payable increased from Mar. 2023 (0.00) to Sep. 2024 (10.13). It may suggest that Afcom Holdings delayed paying its suppliers.

Afcom Holdings Days Payable Historical Data

The historical data trend for Afcom Holdings'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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Afcom Holdings Days Payable Chart

Afcom Holdings Annual Data

Trend

Mar21

Mar22

Mar23

Days Payable

11.91

7.72

Afcom Holdings Semi-Annual Data
	Mar21	Mar22	Mar23	Sep23	Sep24
Days Payable	-	-	-	5.08	10.13

Competitive Comparison of Afcom Holdings's Days Payable

For the Airlines subindustry, Afcom Holdings'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.

Afcom Holdings's Days Payable Distribution in the Transportation Industry

For the Transportation industry and Industrials sector, Afcom Holdings's Days Payable distribution charts can be found below:

* The bar in red indicates where Afcom Holdings's Days Payable falls into.

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Afcom Holdings 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.

Afcom Holdings's Days Payable for the fiscal year that ended in Mar. 2023 is calculated as

	Days Payable (A: Mar. 2023 )
=	Average Accounts Payable					/	Cost of Goods Sold	*	Days in Period
=	( (Accounts Payable (A: Mar. 2022 )	+	Accounts Payable (A: Mar. 2023 ))	/	count )	/	Cost of Goods Sold (A: Mar. 2023 )	*	Days in Period
=	( (11.472	+	14.721)	/	2 )	/	619.052	*	365
=	13.0965					/	619.052	*	365
=	7.72

Afcom Holdings's Days Payable for the quarter that ended in Sep. 2024 is calculated as:

	Days Payable (Q: Sep. 2024 )
=	Average Accounts Payable					/	Cost of Goods Sold	*	Days in Period
=	( (Accounts Payable (Q: Sep. 2023 )	+	Accounts Payable (Q: Sep. 2024 ))	/	count )	/	Cost of Goods Sold (Q: Sep. 2024 )	*	Days in Period
=	( (0	+	33.643)	/	1 )	/	605.961	*	365 / 2
=	33.643					/	605.961	*	365 / 2
=	10.13

Afcom Holdings Days Payable Related Terms

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Afcom Holdings Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Industrials » Transportation » Afcom Holdings Ltd (BOM:544224) » Definitions » Days Payable

Comparable Companies

Traded in Other Exchanges

N/A

Address

Plot No.16(NP), 3rd Floor, Indiqube Palmyra, SIDCO Industrial Estate, Ekkattuthangal, Guindy, Chennai, TN, IND, 600032

Website

https://www.afcomcargo.com

Afcom Holdings Ltd is engaged in the carriage of cargo on an airport-to-airport basis. Its business is guided by three operating principles: People-centricity, Growth through partnership, and Efficiency, always. The company has developed a wide range of service options to meet the growing needs of the customers. It provides cargo solutions and products across various countries via International Hubs. The company offers notable products that include General Cargo, Flying Fresh, Flying Pharma, Flying Priority, Fly Courier, Project Cargo, Dangerous Goods and High-Value Cargo.

Afcom Holdings Headlines

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