Akme Fintrade (India) (NSE:AFIL) Days Payable : 1.73 (As of Sep. 2024)

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What is Akme Fintrade (India) Days Payable?

Akme Fintrade (India)'s average Accounts Payable for the six months ended in Sep. 2024 was ₹1.9 Mil. Akme Fintrade (India)'s Cost of Goods Sold for the six months ended in Sep. 2024 was ₹201.5 Mil. Hence, Akme Fintrade (India)'s Days Payable for the six months ended in Sep. 2024 was 1.73.

The historical rank and industry rank for Akme Fintrade (India)'s Days Payable or its related term are showing as below:

NSE:AFIL' s Days Payable Range Over the Past 10 Years
Min: 2.45 Med: 2.68 Max: 3.46
Current: 3.46

During the past 4 years, Akme Fintrade (India)'s highest Days Payable was 3.46. The lowest was 2.45. And the median was 2.68.

NSE:AFIL's Days Payable is ranked worse than
90.2% of 296 companies
in the Credit Services industry
Industry Median: 36.84 vs NSE:AFIL: 3.46

Akme Fintrade (India)'s Days Payable declined from Mar. 2023 (3.20) to Sep. 2024 (1.73). It may suggest that Akme Fintrade (India) accelerated paying its suppliers.

Akme Fintrade (India) Days Payable Historical Data

The historical data trend for Akme Fintrade (India)'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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Akme Fintrade (India) Days Payable Chart

Akme Fintrade (India) Annual Data

Trend

Mar20

Mar21

Mar22

Mar23

Days Payable

2.78

2.66

2.45

2.69

Akme Fintrade (India) Semi-Annual Data
	Mar20	Mar21	Mar22	Sep22	Mar23	Sep23	Sep24
Days Payable	Get a 7-Day Free Trial			-	3.24	3.20	2.85	1.73

Competitive Comparison of Akme Fintrade (India)'s Days Payable

For the Credit Services subindustry, Akme Fintrade (India)'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.

Akme Fintrade (India)'s Days Payable Distribution in the Credit Services Industry

For the Credit Services industry and Financial Services sector, Akme Fintrade (India)'s Days Payable distribution charts can be found below:

* The bar in red indicates where Akme Fintrade (India)'s Days Payable falls into.

Akme Fintrade (India) 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.

Akme Fintrade (India)'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
=	( (2.219	+	2.667)	/	2 )	/	331.72	*	365
=	2.443					/	331.72	*	365
=	2.69

Akme Fintrade (India)'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	+	1.911)	/	1 )	/	201.458	*	365 / 2
=	1.911					/	201.458	*	365 / 2
=	1.73

Akme Fintrade (India) Days Payable Related Terms

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Akme Fintrade (India) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Financial Services » Credit Services » Akme Fintrade (India) Ltd (NSE:AFIL) » Definitions » Days Payable

Comparable Companies

Traded in Other Exchanges

544200:India

Address

608, The Summit - Business Bay, behind Guru Nank Petrol Pump, Opposite Cinemax, Prakashwadi Andheri East, Mumbai, MH, IND, 400069

Website

Akme Fintrade (India) Ltd is a non-banking finance company. It is engaged in rural and semi-urban centric lending solutions to look after the needs and aspirations of rural and semi-urban populace. The company's portfolio includes Vehicle Finance and Business Finance Products to small business owners and has footprints in rural and semi-urban geographies in 4 Indian states Rajasthan, Maharashtra, Madhya Pradesh and Gujarat.

Akme Fintrade (India) Headlines

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