MAS Financial Services (NSE:MASFIN) Days Payable : 9.47 (As of Mar. 2024)

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What is MAS Financial Services Days Payable?

MAS Financial Services's average Accounts Payable for the three months ended in Mar. 2024 was ₹212 Mil. MAS Financial Services's Cost of Goods Sold for the three months ended in Mar. 2024 was ₹2,038 Mil. Hence, MAS Financial Services's Days Payable for the three months ended in Mar. 2024 was 9.47.

The historical rank and industry rank for MAS Financial Services's Days Payable or its related term are showing as below:

NSE:MASFIN' s Days Payable Range Over the Past 10 Years
Min: 6.22 Med: 8.44 Max: 10.59
Current: 8.75

During the past 13 years, MAS Financial Services's highest Days Payable was 10.59. The lowest was 6.22. And the median was 8.44.

NSE:MASFIN's Days Payable is ranked worse than
82.46% of 285 companies
in the Credit Services industry
Industry Median: 43.72 vs NSE:MASFIN: 8.75

MAS Financial Services's Days Payable increased from Mar. 2023 (7.85) to Mar. 2024 (9.47). It may suggest that MAS Financial Services delayed paying its suppliers.

MAS Financial Services Days Payable Historical Data

The historical data trend for MAS Financial Services'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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MAS Financial Services Days Payable Chart

MAS Financial Services Annual Data

Trend

Mar15

Mar16

Mar17

Mar18

Mar19

Mar20

Mar21

Mar22

Mar23

Mar24

Days Payable

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8.36

9.77

10.59

8.69

8.22

MAS Financial Services Quarterly Data
	Jun19	Sep19	Dec19	Mar20	Jun20	Sep20	Dec20	Mar21	Jun21	Sep21	Dec21	Mar22	Jun22	Sep22	Dec22	Mar23	Jun23	Sep23	Dec23	Mar24
Days Payable	Get a 7-Day Free Trial															7.85	7.22	10.15	9.15	9.47

Competitive Comparison of MAS Financial Services's Days Payable

For the Credit Services subindustry, MAS Financial Services'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.

MAS Financial Services's Days Payable Distribution in the Credit Services Industry

For the Credit Services industry and Financial Services sector, MAS Financial Services's Days Payable distribution charts can be found below:

* The bar in red indicates where MAS Financial Services's Days Payable falls into.

MAS Financial Services 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.

MAS Financial Services'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
=	( (146.8	+	211.5)	/	2 )	/	7959.6	*	365
=	179.15					/	7959.6	*	365
=	8.22

MAS Financial Services'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: Dec. 2023 )	+	Accounts Payable (Q: Mar. 2024 ))	/	count )	/	Cost of Goods Sold (Q: Mar. 2024 )	*	Days in Period
=	( (0	+	211.5)	/	1 )	/	2038.2	*	365 / 4
=	211.5					/	2038.2	*	365 / 4
=	9.47

MAS Financial Services Days Payable Related Terms

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

MAS Financial Services (NSE:MASFIN) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Financial Services » Credit Services » MAS Financial Services Ltd (NSE:MASFIN) » Definitions » Days Payable

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Traded in Other Exchanges

540749:India

Address

Ashram Road, 6, Narayan Chambers, Ground Floor, Behind Patang Hotel, Nehru Bridge Corner, Ahmedabad, GJ, IND, 380 009

Website

http://www.mas.co.in

MAS Financial Services Ltd operates as a non-banking financial company. It is mainly in the retail business, comprising Micro, small, and medium enterprises, two-wheelers, three-wheelers and multi-utility vehicles loans to individual borrowers and loans to microfinance institutions and other non-banking financial companies. It focuses on the lower-income and middle-income groups of society, spread across urban, semi-urban, and rural areas, including formal and informal sectors.

MAS Financial Services (NSE:MASFIN) Headlines

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