Turtlemint Fintech Solutions (BOM:544799) Days Payable: 57.32 (As of Mar. 2025) — 11% Below Median

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BOM:544799 Turtlemint Fintech Solutions Ltd BOM:544799
8 GF Score
Price ₹130.15
! 1 Warning Sign
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What is Turtlemint Fintech Solutions Days Payable?

Turtlemint Fintech Solutions BOM:544799 +2.32% 8 Days Payable is 57.32 as of Mar. 2025, which is 11% below its 10-year median of 64.66. GuruFocus rates BOM:544799 with a GF Score™ of 8/100. The stock has 1 warning sign investors should review. Among 56 Insurance companies, Turtlemint Fintech Solutions ranks worse than 51.79% on this metric.

Turtlemint Fintech Solutions's average Accounts Payable for the six months ended in Mar. 2025 was ₹370 Mil. Turtlemint Fintech Solutions's Cost of Goods Sold for the six months ended in Mar. 2025 was ₹2,355 Mil. Hence, Turtlemint Fintech Solutions's Days Payable for the six months ended in Mar. 2025 was 28.66.

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

BOM:544799' s Days Payable Range Over the Past 10 Years
Min: 57.32   Med: 64.66   Max: 125.63
Current: 57.32

During the past 3 years, Turtlemint Fintech Solutions's highest Days Payable was 125.63. The lowest was 57.32. And the median was 64.66.

BOM:544799's Days Payable is ranked worse than
51.79% of 56 companies
in the Insurance industry
Industry Median: 58.52 vs BOM:544799: 57.32

Turtlemint Fintech Solutions's Days Payable declined from Mar. 2023 (125.63) to Mar. 2025 (57.32). It may suggest that Turtlemint Fintech Solutions accelerated paying its suppliers.


Turtlemint Fintech Solutions Days Payable Historical Data

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The historical data trend for Turtlemint Fintech Solutions'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.

Turtlemint Fintech Solutions Days Payable Chart

Turtlemint Fintech Solutions Annual Data
Trend Mar23 Mar24 Mar25
Days Payable
125.63 64.66 57.32

Turtlemint Fintech Solutions Semi-Annual Data
Mar23 Mar24 Mar25
Days Payable 125.63 64.66 57.32

BOM:544799 vs MRSH, AON, AJG: Days Payable Comparison

For the Insurance Brokers subindustry, Turtlemint Fintech Solutions'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.


Turtlemint Fintech Solutions Days Payable vs Insurance Industry

For the Insurance industry and Financial Services sector, Turtlemint Fintech Solutions's Days Payable distribution charts can be found below:

* The bar in red indicates where Turtlemint Fintech Solutions's Days Payable falls into.


BOM:544799
8GF Score
Turtlemint Fintech Solutions Ltd BOM:544799
Days Payable is just one metric. See GF Score™, valuation, warning signs, and more.
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Turtlemint Fintech Solutions 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.

Turtlemint Fintech Solutions's Days Payable for the fiscal year that ended in Mar. 2025 is calculated as

Days Payable (A: Mar. 2025 )
=Average Accounts Payable /Cost of Goods Sold*Days in Period
=( (Accounts Payable (A: Mar. 2024 ) + Accounts Payable (A: Mar. 2025 )) / count ) / Cost of Goods Sold (A: Mar. 2025 )*Days in Period
=( (85.62 + 653.94) / 2 ) / 2354.69*365
=369.78 / 2354.69*365
=57.32

Turtlemint Fintech Solutions's Days Payable for the quarter that ended in Mar. 2025 is calculated as:

Days Payable (Q: Mar. 2025 )
=Average Accounts Payable / Cost of Goods Sold*Days in Period
=( (Accounts Payable (Q: Mar. 2024 ) + Accounts Payable (Q: Mar. 2025 )) / count ) / Cost of Goods Sold (Q: Mar. 2025 )*Days in Period
=( (85.62 + 653.94) / 2 ) / 2354.69*365 / 2
=369.78 / 2354.69*365 / 2
=28.66

* 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 57.32 mean?
Turtlemint Fintech Solutions (BOM:544799) has a Days Payable of 57.32 as of Mar. 2025. Days payable represents the average amount of days a company waits to pay its invoices from suppliers. View historical data on Turtlemint Fintech Solutions and its competitors. This is 11% below median its historical median of 64.66. Over the past decade, Turtlemint Fintech Solutions' Days Payable has ranged from 57.32 to 125.63. According to the industry distribution chart, Turtlemint Fintech Solutions ranks #29 out of 56 companies in the Insurance industry, placing it in the top 51.8%.
Is Turtlemint Fintech Solutions' Days Payable too high?
Turtlemint Fintech Solutions' current Days Payable of 57.32 is 11% below median its 10-year median of 64.66. Over the past 10 years, this metric has ranged from a low of 57.32 to a high of 125.63. The Insurance industry median Days Payable is 58.52. Turtlemint Fintech Solutions' value of 57.32 is 2.1% below this industry median. Based on the distribution chart, Turtlemint Fintech Solutions ranks #29 out of 56 companies in the Insurance industry, which is below the industry midpoint. Overall, Turtlemint Fintech Solutions has a GF Score™ of 8/100, reflecting its overall financial health beyond just this single metric.
How does Turtlemint Fintech Solutions' Days Payable compare to MRSH and AON?
According to the Insurance industry distribution chart, Turtlemint Fintech Solutions ranks #29 out of 56 companies for Days Payable. This places Turtlemint Fintech Solutions in the lower half of its industry. The industry median Days Payable is 58.52. Turtlemint Fintech Solutions' value of 57.32 is 2.1% below this benchmark. Historically, Turtlemint Fintech Solutions' own Days Payable has ranged from 57.32 to 125.63 over the past decade. While the company's 10-year median is 64.66 vs. the industry median of 58.52, Turtlemint Fintech Solutions 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 an Insurance company?
The median Days Payable among Insurance companies is 58.52, based on 56 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. Turtlemint Fintech Solutions's current Days Payable of 57.32 is 2.1% 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 Turtlemint Fintech Solutions and its competitors. For the Insurance industry, the median Days Payable is 58.52 — values significantly above this may indicate overvaluation, while values below may suggest a bargain or underlying issues. Turtlemint Fintech Solutions's current Days Payable is 57.32, which is 11% below median its own 10-year median of 64.66. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is Turtlemint Fintech Solutions stock overvalued right now?
Turtlemint Fintech Solutions (BOM:544799) has a current Days Payable of 57.32. The current Days Payable is 57.32, which is 11% below median its 10-year median of 64.66 and 2.1% below the Insurance industry median of 58.52. Turtlemint Fintech Solutions' overall GF Score™ is 8/100 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 Turtlemint Fintech Solutions (BOM:544799), the current Days Payable is 57.32 as of Mar. 2025. 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.

Turtlemint Fintech Solutions Business Description

Other Exchanges TURTLEMINT:India
Address Marol Village, The ORB - Sahar, 4 and 4A 1st Floor, A Wing, Andheri East, Mumbai, MH, IND, 400099
Turtlemint Fintech Solutions Ltd is engaged in the business of providing information technology and business support services, advertising and marketing services and distribution of mutual funds. It also provides insurance broking services for retail insurance products such as motor, health, and life insurance. The company owns the TurtlemintPro application, which is used to facilitate the promotion of its services. It derives the majority of its revenue from general insurance companies, arising from the sale of motor insurance products.
8GF Score

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₹130.15
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