Cholamandalam Financial Holdings (NSE:CHOLAHLDNG) Days Payable : 22.07 (As of Dec. 2024)

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What is Cholamandalam Financial Holdings Days Payable?

Cholamandalam Financial Holdings's average Accounts Payable for the three months ended in Dec. 2024 was ₹14,285 Mil. Cholamandalam Financial Holdings's Cost of Goods Sold for the three months ended in Dec. 2024 was ₹59,068 Mil. Hence, Cholamandalam Financial Holdings's Days Payable for the three months ended in Dec. 2024 was 22.07.

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

NSE:CHOLAHLDNG' s Days Payable Range Over the Past 10 Years
Min: 23.54 Med: 43.52 Max: 1595.26
Current: 26.64

During the past 13 years, Cholamandalam Financial Holdings's highest Days Payable was 1595.26. The lowest was 23.54. And the median was 43.52.

NSE:CHOLAHLDNG's Days Payable is ranked worse than
57.73% of 291 companies
in the Credit Services industry
Industry Median: 36.45 vs NSE:CHOLAHLDNG: 26.64

Cholamandalam Financial Holdings's Days Payable declined from Dec. 2023 (32.74) to Dec. 2024 (22.07). It may suggest that Cholamandalam Financial Holdings accelerated paying its suppliers.

Cholamandalam Financial Holdings Days Payable Historical Data

The historical data trend for Cholamandalam Financial 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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Cholamandalam Financial Holdings Days Payable Chart

Cholamandalam Financial Holdings Annual Data

Trend

Mar15

Mar16

Mar17

Mar18

Mar19

Mar20

Mar21

Mar22

Mar23

Mar24

Days Payable

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29.84

28.94

31.68

29.47

23.54

Cholamandalam Financial Holdings Quarterly Data
	Mar20	Jun20	Sep20	Dec20	Mar21	Jun21	Sep21	Dec21	Mar22	Jun22	Sep22	Dec22	Mar23	Jun23	Sep23	Dec23	Mar24	Jun24	Sep24	Dec24
Days Payable	Get a 7-Day Free Trial															32.74	30.65	21.60	23.78	22.07

Competitive Comparison of Cholamandalam Financial Holdings's Days Payable

For the Credit Services subindustry, Cholamandalam Financial 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.

Cholamandalam Financial Holdings's Days Payable Distribution in the Credit Services Industry

For the Credit Services industry and Financial Services sector, Cholamandalam Financial Holdings's Days Payable distribution charts can be found below:

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

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Cholamandalam Financial 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.

Cholamandalam Financial Holdings's Days Payable for the fiscal year that ended in Mar. 2024 is calculated as

	Days Payable (A: Mar. 2024 )
=	Average Accounts Payable					/	Cost of Goods Sold	*	Days in Period
=	( (Accounts Payable (A: Mar. 2023 )	+	Accounts Payable (A: Mar. 2024 ))	/	count )	/	Cost of Goods Sold (A: Mar. 2024 )	*	Days in Period
=	( (9577.4	+	12118.8)	/	2 )	/	168192.1	*	365
=	10848.1					/	168192.1	*	365
=	23.54

Cholamandalam Financial Holdings's Days Payable for the quarter that ended in Dec. 2024 is calculated as:

	Days Payable (Q: Dec. 2024 )
=	Average Accounts Payable					/	Cost of Goods Sold	*	Days in Period
=	( (Accounts Payable (Q: Sep. 2024 )	+	Accounts Payable (Q: Dec. 2024 ))	/	count )	/	Cost of Goods Sold (Q: Dec. 2024 )	*	Days in Period
=	( (14284.5	+	0)	/	1 )	/	59067.9	*	365 / 4
=	14284.5					/	59067.9	*	365 / 4
=	22.07

Cholamandalam Financial Holdings Days Payable Related Terms

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Cholamandalam Financial Holdings Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Financial Services » Credit Services » Cholamandalam Financial Holdings Ltd (NSE:CHOLAHLDNG) » Definitions » Days Payable

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504973:India

Address

No. 234, NSC Bose Road, Dare House, Chennai, TN, IND, 600001

Website

https://www.cholafhl.com

Cholamandalam Financial Holdings Ltd along with its subsidiaries is a diversified investment company under the Murugappa Group. It offers financial services that include general insurance, residential mortgages, auto loans, risk services, and non-banking financial services. The company's activities are located exclusively in India. It has two primary product segments which include the Financial Services segment which derives key revenue and represents its lending business, and the Insurance and allied services segment.

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