Globe International Carriers (NSE:GICL) Days Payable : 27.50 (As of Mar. 2022)

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What is Globe International Carriers Days Payable?

Globe International Carriers's average Accounts Payable for the six months ended in Mar. 2022 was ₹92 Mil. Globe International Carriers's Cost of Goods Sold for the six months ended in Mar. 2022 was ₹613 Mil. Hence, Globe International Carriers's Days Payable for the six months ended in Mar. 2022 was 27.50.

The historical rank and industry rank for Globe International Carriers's Days Payable or its related term are showing as below:

NSE:GICL's Days Payable is not ranked ^*
in the Transportation industry.
Industry Median: 38.89
* Ranked among companies with meaningful Days Payable only.

Globe International Carriers's Days Payable increased from Mar. 2021 (14.63) to Mar. 2022 (27.50). It may suggest that Globe International Carriers delayed paying its suppliers.

Globe International Carriers Days Payable Historical Data

The historical data trend for Globe International Carriers'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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Globe International Carriers Days Payable Chart

Globe International Carriers Annual Data

Trend

Mar14

Mar15

Mar16

Mar17

Mar18

Mar19

Mar20

Mar21

Mar22

Mar23

Days Payable

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13.26

15.62

13.21

34.08

43.41

Globe International Carriers Semi-Annual Data
	Mar12	Mar13	Mar14	Mar15	Mar16	Sep16	Mar17	Sep17	Mar18	Sep18	Mar19	Sep19	Mar20	Sep20	Mar21	Sep21	Mar22	Mar23
Days Payable	Get a 7-Day Free Trial													20.15	14.63	12.75	27.50	-

Competitive Comparison of Globe International Carriers's Days Payable

For the Integrated Freight & Logistics subindustry, Globe International Carriers'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.

Globe International Carriers's Days Payable Distribution in the Transportation Industry

For the Transportation industry and Industrials sector, Globe International Carriers's Days Payable distribution charts can be found below:

* The bar in red indicates where Globe International Carriers's Days Payable falls into.

Globe International Carriers 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.

Globe International Carriers'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
=	( (158.36	+	97.723)	/	2 )	/	1076.529	*	365
=	128.0415					/	1076.529	*	365
=	43.41

Globe International Carriers's Days Payable for the quarter that ended in Mar. 2022 is calculated as:

	Days Payable (Q: Mar. 2022 )
=	Average Accounts Payable					/	Cost of Goods Sold	*	Days in Period
=	( (Accounts Payable (Q: Sep. 2021 )	+	Accounts Payable (Q: Mar. 2022 ))	/	count )	/	Cost of Goods Sold (Q: Mar. 2022 )	*	Days in Period
=	( (26.465	+	158.36)	/	2 )	/	613.288	*	365 / 2
=	92.4125					/	613.288	*	365 / 2
=	27.50

Globe International Carriers Days Payable Related Terms

Thank you for viewing the detailed overview of Globe International Carriers's Days Payable provided by GuruFocus.com. Please click on the following links to see related term pages.

Globe International Carriers (NSE:GICL) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Industrials » Transportation » Globe International Carriers Ltd (NSE:GICL) » Definitions » Days Payable

Comparable Companies

Traded in Other Exchanges

N/A

Address

Near Mayank Trade Centre, Station Road, 301 - 306, Prakash deep Complex, Jaipur, RJ, IND, 302006

Website

http://www.gicl.co

Globe International Carriers Ltd is an Indian company engaged in the business of providing services for transportation as a Goods Transport Agency. Its services include supply chain management, customs clearance, bulk transportation, transportation of all types of industries goods, bulk transportation, and other related services through open/closed body vehicles and two/three/four-wheeler vehicles, as well as packing and unpacking services of goods. The company provides services within India.

Globe International Carriers (NSE:GICL) Headlines

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