Merritronix (BOM:544773) Days Payable: 59.34 (As of Mar. 2026) — 52% Below Median

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BOM:544773 Merritronix Ltd BOM:544773
19 GF Score
Price ₹336.15
! 3 Warning Signs
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What is Merritronix Days Payable?

Merritronix BOM:544773 -0.44% 19 Days Payable is 59.34 as of Mar. 2026, which is 52% below its 10-year median of 124.20. GuruFocus rates BOM:544773 with a GF Score™ of 19/100. The stock has 3 warning signs investors should review. Among 2,440 Hardware companies, Merritronix ranks worse than 54.75% on this metric.

Merritronix's average Accounts Payable for the six months ended in Mar. 2026 was ₹254 Mil. Merritronix's Cost of Goods Sold for the six months ended in Mar. 2026 was ₹782 Mil. Hence, Merritronix's Days Payable for the six months ended in Mar. 2026 was 59.34.

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

BOM:544773' s Days Payable Range Over the Past 10 Years
Min: 57.2   Med: 124.2   Max: 155.71
Current: 64.18

During the past 4 years, Merritronix's highest Days Payable was 155.71. The lowest was 57.20. And the median was 124.20.

BOM:544773's Days Payable is ranked worse than
54.75% of 2440 companies
in the Hardware industry
Industry Median: 69.56 vs BOM:544773: 64.18

Merritronix's Days Payable increased from Mar. 2025 (0.00) to Mar. 2026 (59.34). It may suggest that Merritronix delayed paying its suppliers.


Merritronix Days Payable Historical Data

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The historical data trend for Merritronix'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.

Merritronix Days Payable Chart

Merritronix Annual Data
Trend Mar23 Mar24 Mar25 Mar26
Days Payable
155.71 144.04 104.35 57.20

Merritronix Semi-Annual Data
Mar23 Mar24 Mar25 Sep25 Mar26
Days Payable 0.00 0.00 0.00 81.84 59.34

BOM:544773 vs APH, GLW, TEL: Days Payable Comparison

For the Electronic Components subindustry, Merritronix'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.


Merritronix Days Payable vs Hardware Industry

For the Hardware industry and Technology sector, Merritronix's Days Payable distribution charts can be found below:

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


BOM:544773
19GF Score
Merritronix Ltd BOM:544773
Days Payable is just one metric. See GF Score™, valuation, warning signs, and more.
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Merritronix 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.

Merritronix'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
=( (146.483 + 242.704) / 2 ) / 1241.776*365
=194.5935 / 1241.776*365
=57.20

Merritronix'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
=( (265.867 + 242.704) / 2 ) / 782.007*365 / 2
=254.2855 / 782.007*365 / 2
=59.34

* 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 59.34 mean?
Merritronix (BOM:544773) has a Days Payable of 59.34 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 Merritronix and its competitors. This is 52% below median its historical median of 124.20. Over the past decade, Merritronix's Days Payable has ranged from 57.20 to 155.71. According to the industry distribution chart, Merritronix ranks #1336 out of 2440 companies in the Hardware industry, placing it in the top 54.8%.
Is Merritronix's Days Payable too high?
Merritronix's current Days Payable of 59.34 is 52% below median its 10-year median of 124.20. Over the past 10 years, this metric has ranged from a low of 57.20 to a high of 155.71. The Hardware industry median Days Payable is 69.56. Merritronix's value of 59.34 is 14.7% below this industry median. Based on the distribution chart, Merritronix ranks #1336 out of 2440 companies in the Hardware industry, which is below the industry midpoint. Overall, Merritronix has a GF Score™ of 19/100, reflecting its overall financial health beyond just this single metric.
How does Merritronix's Days Payable compare to APH and GLW?
According to the Hardware industry distribution chart, Merritronix ranks #1336 out of 2440 companies for Days Payable. This places Merritronix in the lower half of its industry. The industry median Days Payable is 69.56. Merritronix's value of 59.34 is 14.7% below this benchmark. Historically, Merritronix's own Days Payable has ranged from 57.20 to 155.71 over the past decade. While the company's 10-year median is 124.20 vs. the industry median of 69.56, Merritronix has consistently been below 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 Hardware company?
The median Days Payable among Hardware companies is 69.56, based on 2,440 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. Merritronix's current Days Payable of 59.34 is 14.7% below 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 Merritronix and its competitors. For the Hardware industry, the median Days Payable is 69.56 — values significantly above this may indicate overvaluation, while values below may suggest a bargain or underlying issues. Merritronix's current Days Payable is 59.34, which is 52% below median its own 10-year median of 124.20. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is Merritronix stock overvalued right now?
Merritronix (BOM:544773) has a current Days Payable of 59.34. The current Days Payable is 59.34, which is 52% below median its 10-year median of 124.20 and 14.7% below the Hardware industry median of 69.56. Merritronix's overall GF Score™ is 19/100 with 3 warning signs 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 Merritronix (BOM:544773), the current Days Payable is 59.34 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.

Merritronix Business Description

Address C-22, Electronic Complex, Kushaiguda, Hyderabad, TG, IND, 500062
Merritronix Ltd operates as an electronics manufacturing services (EMS) provider in India. It is engaged in the business of manufacturing and assembly of electronic components, including engineering design and development services. The company's offerings include electronic manufacturing services, encompassing component sourcing, printed circuit board ("PCB") assembly, system integration, testing, box-build solutions and delivery of finished electronic products. It serves various industries, including defence, aerospace, industrial electronics, and scientific research sectors. The company derives the majority of its revenue from the sale of its products in India.
19GF Score

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