Marco Cables and Conductors (NSE:MARCO) Days Payable : 96.88 (As of Mar. 2023)

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What is Marco Cables and Conductors Days Payable?

Marco Cables and Conductors's average Accounts Payable for the six months ended in Mar. 2023 was ₹114.7 Mil. Marco Cables and Conductors's Cost of Goods Sold for the six months ended in Mar. 2023 was ₹432.2 Mil. Hence, Marco Cables and Conductors's Days Payable for the six months ended in Mar. 2023 was 48.44.

The historical rank and industry rank for Marco Cables and Conductors's Days Payable or its related term are showing as below:

NSE:MARCO' s Days Payable Range Over the Past 10 Years
Min: 79.16 Med: 96.88 Max: 102.1
Current: 96.88

During the past 3 years, Marco Cables and Conductors's highest Days Payable was 102.10. The lowest was 79.16. And the median was 96.88.

NSE:MARCO's Days Payable is ranked better than
61.16% of 2925 companies
in the Industrial Products industry
Industry Median: 76.67 vs NSE:MARCO: 96.88

Marco Cables and Conductors's Days Payable declined from Mar. 2021 (102.10) to Mar. 2023 (96.88). It may suggest that Marco Cables and Conductors accelerated paying its suppliers.

Marco Cables and Conductors Days Payable Historical Data

The historical data trend for Marco Cables and Conductors'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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Marco Cables and Conductors Days Payable Chart

Marco Cables and Conductors Annual Data

Trend

Mar21

Mar22

Mar23

Days Payable

102.10

79.16

96.88

Marco Cables and Conductors Semi-Annual Data
	Mar21	Mar22	Mar23
Days Payable	102.10	79.16	96.88

Competitive Comparison of Marco Cables and Conductors's Days Payable

For the Electrical Equipment & Parts subindustry, Marco Cables and Conductors'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.

Marco Cables and Conductors's Days Payable Distribution in the Industrial Products Industry

For the Industrial Products industry and Industrials sector, Marco Cables and Conductors's Days Payable distribution charts can be found below:

* The bar in red indicates where Marco Cables and Conductors's Days Payable falls into.

Marco Cables and Conductors 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.

Marco Cables and Conductors'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
=	( (105.564	+	123.853)	/	2 )	/	432.172	*	365
=	114.7085					/	432.172	*	365
=	96.88

Marco Cables and Conductors's Days Payable for the quarter that ended in Mar. 2023 is calculated as:

	Days Payable (Q: Mar. 2023 )
=	Average Accounts Payable					/	Cost of Goods Sold	*	Days in Period
=	( (Accounts Payable (Q: Mar. 2022 )	+	Accounts Payable (Q: Mar. 2023 ))	/	count )	/	Cost of Goods Sold (Q: Mar. 2023 )	*	Days in Period
=	( (105.564	+	123.853)	/	2 )	/	432.172	*	365 / 2
=	114.7085					/	432.172	*	365 / 2
=	48.44

Marco Cables and Conductors Days Payable Related Terms

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Marco Cables and Conductors (NSE:MARCO) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Industrials » Industrial Products » Marco Cables and Conductors Ltd (NSE:MARCO) » Definitions » Days Payable

Traded in Other Exchanges

N/A

Address

Main Road, Shop No 100, Opposite Bhai Gangaram Market, Ulhasnagar, Thane, MH, IND, 421005

Website

https://www.marcocables.com

Marco Cables and Conductors Ltd is engaged in the business of manufacturing and selling wires, cables wires and conductors in India. It commenced its operations with the manufacturing of wires (with aluminium/copper conductor), LT XLPE cables, LT PVC cables, and LT Aerial Bunched Cables, including AAAC (All Aluminium Alloy Conductor) and ACSR (Aluminium Conductor Steel Reinforced) Conductors.

Marco Cables and Conductors (NSE:MARCO) Headlines

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