Holmarc Opto-Mechatronics (NSE:HOLMARC) Days Payable : 18.44 (As of Mar. 2024)

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What is Holmarc Opto-Mechatronics Days Payable?

Holmarc Opto-Mechatronics's average Accounts Payable for the six months ended in Mar. 2024 was ₹4.0 Mil. Holmarc Opto-Mechatronics's Cost of Goods Sold for the six months ended in Mar. 2024 was ₹78.5 Mil. Hence, Holmarc Opto-Mechatronics's Days Payable for the six months ended in Mar. 2024 was 9.22.

The historical rank and industry rank for Holmarc Opto-Mechatronics's Days Payable or its related term are showing as below:

NSE:HOLMARC' s Days Payable Range Over the Past 10 Years
Min: 17.43 Med: 19.61 Max: 37.51
Current: 18.44

During the past 4 years, Holmarc Opto-Mechatronics's highest Days Payable was 37.51. The lowest was 17.43. And the median was 19.61.

NSE:HOLMARC's Days Payable is ranked worse than
95.88% of 2426 companies
in the Hardware industry
Industry Median: 68.08 vs NSE:HOLMARC: 18.44

Holmarc Opto-Mechatronics's Days Payable declined from Mar. 2022 (20.77) to Mar. 2024 (18.44). It may suggest that Holmarc Opto-Mechatronics accelerated paying its suppliers.

Holmarc Opto-Mechatronics Days Payable Historical Data

The historical data trend for Holmarc Opto-Mechatronics'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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Holmarc Opto-Mechatronics Days Payable Chart

Holmarc Opto-Mechatronics Annual Data

Trend

Mar21

Mar22

Mar23

Mar24

Days Payable

37.51

20.77

17.43

18.44

Holmarc Opto-Mechatronics Semi-Annual Data
	Mar21	Mar22	Mar23	Mar24
Days Payable	37.51	20.77	17.43	18.44

Competitive Comparison of Holmarc Opto-Mechatronics's Days Payable

For the Scientific & Technical Instruments subindustry, Holmarc Opto-Mechatronics'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.

Holmarc Opto-Mechatronics's Days Payable Distribution in the Hardware Industry

For the Hardware industry and Technology sector, Holmarc Opto-Mechatronics's Days Payable distribution charts can be found below:

* The bar in red indicates where Holmarc Opto-Mechatronics's Days Payable falls into.

Holmarc Opto-Mechatronics 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.

Holmarc Opto-Mechatronics'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
=	( (4.024	+	3.912)	/	2 )	/	78.547	*	365
=	3.968					/	78.547	*	365
=	18.44

Holmarc Opto-Mechatronics's Days Payable for the quarter that ended in Mar. 2024 is calculated as:

	Days Payable (Q: Mar. 2024 )
=	Average Accounts Payable					/	Cost of Goods Sold	*	Days in Period
=	( (Accounts Payable (Q: Mar. 2023 )	+	Accounts Payable (Q: Mar. 2024 ))	/	count )	/	Cost of Goods Sold (Q: Mar. 2024 )	*	Days in Period
=	( (4.024	+	3.912)	/	2 )	/	78.547	*	365 / 2
=	3.968					/	78.547	*	365 / 2
=	9.22

Holmarc Opto-Mechatronics Days Payable Related Terms

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Holmarc Opto-Mechatronics (NSE:HOLMARC) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Technology » Hardware » Holmarc Opto-Mechatronics Ltd (NSE:HOLMARC) » Definitions » Days Payable

Comparable Companies

Traded in Other Exchanges

N/A

Address

Building No. 11/490, B-7, HMT Industrial Estate, Kalamassery, Kanayanoor Taluk, Ernakulam, KL, IND, 683503

Website

https://www.holmarc.com

Holmarc Opto-Mechatronics Ltd is engaged in manufacturing a variety of scientific and engineering instruments for research, industry and education i.e. Imaging Instruments, Measuring Instruments, Spectroscopy, Analytical Instruments, Lab Instruments, Physics Lab Instruments, Breadboard/Table Tops, Opto-mechanics, Optics, Linear & Rotation Stages, Motorized Linear & Rotation Stages, Industrial Automation etc.

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