CMR Green Technologies (NSE:CMRGREEN) Days Payable: 12.64 (As of Mar. 2025) — 25% Below Median

Author: Vera Yuan Vera Yuan
Vera Yuan
Vera Yuan
Director of Data and Quant Analytics at GuruFocus
Focused on building reliable datasets, financial models, and research tools for value-minded investors. Committed to turning complex data into practical guidance for value-investing and long-term wealth.
Reviewed by: Charlie Tian Charlie Tian
Charlie Tian
Charlie Tian
Founder & CEO of GuruFocus
Dr. Charlie Tian is the founder and CEO of GuruFocus.com, a leading global investment research platform established in 2004. With a Ph.D. in physics, Dr. Tian transitioned from science to finance, applying a data-driven, disciplined approach to value investing.

NSE:CMRGREEN CMR Green Technologies Ltd NSE:CMRGREEN
11 GF Score
Price ₹215.70
! 2 Warning Signs
View Full Analysis

What is CMR Green Technologies Days Payable?

CMR Green Technologies NSE:CMRGREEN -1.55% 11 Days Payable is 12.64 as of Mar. 2025, which is 25% below its 10-year median of 16.85. GuruFocus rates NSE:CMRGREEN with a GF Score™ of 11/100. The stock has 2 warning signs investors should review. Among 1,067 Metals & Mining companies, CMR Green Technologies ranks worse than 95.5% on this metric.

CMR Green Technologies's average Accounts Payable for the six months ended in Mar. 2025 was ₹2,046 Mil. CMR Green Technologies's Cost of Goods Sold for the six months ended in Mar. 2025 was ₹59,060 Mil. Hence, CMR Green Technologies's Days Payable for the six months ended in Mar. 2025 was 6.32.

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

NSE:CMRGREEN' s Days Payable Range Over the Past 10 Years
Min: 12.64   Med: 16.85   Max: 21.8
Current: 12.64

During the past 3 years, CMR Green Technologies's highest Days Payable was 21.80. The lowest was 12.64. And the median was 16.85.

NSE:CMRGREEN's Days Payable is ranked worse than
95.5% of 1067 companies
in the Metals & Mining industry
Industry Median: 125.14 vs NSE:CMRGREEN: 12.64

CMR Green Technologies's Days Payable declined from Mar. 2023 (21.80) to Mar. 2025 (12.64). It may suggest that CMR Green Technologies accelerated paying its suppliers.


CMR Green Technologies Days Payable Historical Data

* Premium members only.

The historical data trend for CMR Green Technologies'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.

CMR Green Technologies Days Payable Chart

CMR Green Technologies Annual Data
Trend Mar23 Mar24 Mar25
Days Payable
21.80 16.85 12.64

CMR Green Technologies Semi-Annual Data
Mar23 Mar24 Mar25
Days Payable 21.80 16.85 12.64

NSE:CMRGREEN vs AA: Days Payable Comparison

For the Aluminum subindustry, CMR Green Technologies'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.


CMR Green Technologies Days Payable vs Metals & Mining Industry

For the Metals & Mining industry and Basic Materials sector, CMR Green Technologies's Days Payable distribution charts can be found below:

* The bar in red indicates where CMR Green Technologies's Days Payable falls into.


NSE:CMRGREEN
11GF Score
CMR Green Technologies Ltd NSE:CMRGREEN
Days Payable is just one metric. See GF Score™, valuation, warning signs, and more.
View Full Analysis

CMR Green Technologies 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.

CMR Green Technologies'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
=( (1778.76 + 2312.75) / 2 ) / 59059.8*365
=2045.755 / 59059.8*365
=12.64

CMR Green Technologies'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
=( (1778.76 + 2312.75) / 2 ) / 59059.8*365 / 2
=2045.755 / 59059.8*365 / 2
=6.32

* 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 12.64 mean?
CMR Green Technologies (NSE:CMRGREEN) has a Days Payable of 12.64 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 CMR Green Technologies and its competitors. This is 25% below median its historical median of 16.85. Over the past decade, CMR Green Technologies' Days Payable has ranged from 12.64 to 21.80. According to the industry distribution chart, CMR Green Technologies ranks #1019 out of 1067 companies in the Metals & Mining industry, placing it in the top 95.5%.
Is CMR Green Technologies' Days Payable too high?
CMR Green Technologies' current Days Payable of 12.64 is 25% below median its 10-year median of 16.85. Over the past 10 years, this metric has ranged from a low of 12.64 to a high of 21.80. The Metals & Mining industry median Days Payable is 125.14. CMR Green Technologies' value of 12.64 is 89.9% below this industry median. Based on the distribution chart, CMR Green Technologies ranks #1019 out of 1067 companies in the Metals & Mining industry, which is in the bottom quartile relative to peers. Overall, CMR Green Technologies has a GF Score™ of 11/100, reflecting its overall financial health beyond just this single metric.
How does CMR Green Technologies' Days Payable compare to AA?
According to the Metals & Mining industry distribution chart, CMR Green Technologies ranks #1019 out of 1067 companies for Days Payable. This places CMR Green Technologies in the lower half of its industry. The industry median Days Payable is 125.14. CMR Green Technologies' value of 12.64 is 89.9% below this benchmark. Historically, CMR Green Technologies' own Days Payable has ranged from 12.64 to 21.80 over the past decade. While the company's 10-year median is 16.85 vs. the industry median of 125.14, CMR Green Technologies 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 Metals & Mining company?
The median Days Payable among Metals & Mining companies is 125.14, based on 1,067 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. CMR Green Technologies's current Days Payable of 12.64 is 89.9% 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 CMR Green Technologies and its competitors. For the Metals & Mining industry, the median Days Payable is 125.14 — values significantly above this may indicate overvaluation, while values below may suggest a bargain or underlying issues. CMR Green Technologies's current Days Payable is 12.64, which is 25% below median its own 10-year median of 16.85. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is CMR Green Technologies stock overvalued right now?
CMR Green Technologies (NSE:CMRGREEN) has a current Days Payable of 12.64. The current Days Payable is 12.64, which is 25% below median its 10-year median of 16.85 and 89.9% below the Metals & Mining industry median of 125.14. CMR Green Technologies' overall GF Score™ is 11/100 with 2 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 CMR Green Technologies (NSE:CMRGREEN), the current Days Payable is 12.64 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.

CMR Green Technologies Business Description

Other Exchanges 544777:India
Address 12/4 Delhi Mathura Road, 7th Floor, Tower 2, L & T Business Park, Faridabad, HR, IND, 121003
CMR Green Technologies Ltd is engaged in the business of manufacturing and selling of aluminium based die cast alloys and zinc alloys in India. The company is also engaged in the business of segregation and sale of metal scrap as a part of the manufacturing process. It manufactures recycled aluminium alloys (in ingot and liquid form), zinc alloy ingots, dross and segregated furnace ready scrap of stainless steel, copper, brass, zinc, lead and magnesium, amongst others. The company also produces aluminium billets that cater to both automotive and non-automotive sectors. The majority of revenue is derived from the sale of key products such as liquid aluminium alloys and aluminium alloy ingots. Geographically, it exports its products to Japan, China, and Others.
11GF Score

Get the complete analysis for NSE:CMRGREEN

Days Payable is just one metric. See GF Value™, 30-year financials, guru trades, warning signs, and more.

₹215.70
Price