CMM Infraprojects (NSE:CMMIPL) Days Payable: 43.42 (As of Mar. 2018)


What is CMM Infraprojects Days Payable?

CMM Infraprojects NSE:CMMIPL Days Payable is 43.42 as of Mar. 2018.

CMM Infraprojects's average Accounts Payable for the six months ended in Mar. 2018 was ₹192 Mil. CMM Infraprojects's Cost of Goods Sold for the six months ended in Mar. 2018 was ₹807 Mil. Hence, CMM Infraprojects's Days Payable for the six months ended in Mar. 2018 was 43.42.

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

NSE:CMMIPL's Days Payable is not ranked *
in the Construction industry.
Industry Median: 76.79
* Ranked among companies with meaningful Days Payable only.

CMM Infraprojects's Days Payable increased from Mar. 2017 (0.00) to Mar. 2018 (43.42). It may suggest that CMM Infraprojects delayed paying its suppliers.

CMM Infraprojects Days Payable Historical Data

* Premium members only.

The historical data trend for CMM Infraprojects'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.

CMM Infraprojects Days Payable Chart

CMM Infraprojects Annual Data
Trend Mar17 Mar18
Days Payable
23.79 27.04

CMM Infraprojects Semi-Annual Data
Mar17 Sep17 Mar18
Days Payable 0.00 23.76 43.42

CMM Infraprojects Days Payable Competitor Comparison

For the Engineering & Construction subindustry, CMM Infraprojects'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.

CMM Infraprojects Days Payable vs Construction Industry

For the Construction industry and Industrials sector, CMM Infraprojects's Days Payable distribution charts can be found below:

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


CMM Infraprojects 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.

CMM Infraprojects's Days Payable for the fiscal year that ended in Mar. 2018 is calculated as

Days Payable (A: Mar. 2018 )
=Average Accounts Payable /Cost of Goods Sold*Days in Period
=( (Accounts Payable (A: Mar. 2017 ) + Accounts Payable (A: Mar. 2018 )) / count ) / Cost of Goods Sold (A: Mar. 2018 )*Days in Period
=( (116.443 + 183.418) / 2 ) / 2023.707*365
=149.9305 / 2023.707*365
=27.04

CMM Infraprojects's Days Payable for the quarter that ended in Mar. 2018 is calculated as:

Days Payable (Q: Mar. 2018 )
=Average Accounts Payable / Cost of Goods Sold*Days in Period
=( (Accounts Payable (Q: Sep. 2017 ) + Accounts Payable (Q: Mar. 2018 )) / count ) / Cost of Goods Sold (Q: Mar. 2018 )*Days in Period
=( (200.445 + 183.418) / 2 ) / 806.781*365 / 2
=191.9315 / 806.781*365 / 2
=43.42

* 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 43.42 mean?
CMM Infraprojects (NSE:CMMIPL) has a Days Payable of 43.42 as of Mar. 2018. Days payable represents the average amount of days a company waits to pay its invoices from suppliers. View historical data on CMM Infraprojects and its competitors.
Is CMM Infraprojects' Days Payable too high?
CMM Infraprojects' current Days Payable is 43.42. The Construction industry median Days Payable is 76.79. CMM Infraprojects' value of 43.42 is 43.5% below this industry median.
How does CMM Infraprojects' Days Payable compare to competitors?
CMM Infraprojects' Days Payable of 43.42 can be compared against companies in the Construction industry. The industry median Days Payable is 76.79. CMM Infraprojects' value of 43.42 is 43.5% below this benchmark. 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 Construction company?
The median Days Payable among Construction companies is 76.79, based on 1,710 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. CMM Infraprojects's current Days Payable of 43.42 is 43.5% 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 CMM Infraprojects and its competitors. For the Construction industry, the median Days Payable is 76.79 — values significantly above this may indicate overvaluation, while values below may suggest a bargain or underlying issues. CMM Infraprojects's current Days Payable is 43.42. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is CMM Infraprojects stock overvalued right now?
CMM Infraprojects (NSE:CMMIPL) has a current Days Payable of 43.42. The current Days Payable is 43.42 and 43.5% below the Construction industry median of 76.79. 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 CMM Infraprojects (NSE:CMMIPL), the current Days Payable is 43.42 as of Mar. 2018. 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.

CMM Infraprojects Business Description

Address 108, Shalimar Corporate Centre, 8-B South Tukoganj, Indore, MP, IND, 452001
CMM Infraprojects Ltd is engaged in civil engineering activities. It is an engineering and construction contractor in the fields of constructing public housing, commercial complexes, public parks, corporate & IT offices, sewerage & irrigation projects and highways. It has construction projects across the nation.