Master Components (NSE:MASTER) Days Payable : 52.27 (As of Mar. 2023)

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What is Master Components Days Payable?

Master Components's average Accounts Payable for the six months ended in Mar. 2023 was ₹23.0 Mil. Master Components's Cost of Goods Sold for the six months ended in Mar. 2023 was ₹80.5 Mil. Hence, Master Components's Days Payable for the six months ended in Mar. 2023 was 52.27.

The historical rank and industry rank for Master Components's Days Payable or its related term are showing as below:

NSE:MASTER' s Days Payable Range Over the Past 10 Years
Min: 41.98 Med: 53.09 Max: 62.02
Current: 51.75

During the past 4 years, Master Components's highest Days Payable was 62.02. The lowest was 41.98. And the median was 53.09.

NSE:MASTER's Days Payable is ranked worse than
55.01% of 369 companies
in the Packaging & Containers industry
Industry Median: 57.64 vs NSE:MASTER: 51.75

Master Components's Days Payable increased from Mar. 2022 (0.00) to Mar. 2023 (52.27). It may suggest that Master Components delayed paying its suppliers.

Master Components Days Payable Historical Data

The historical data trend for Master Components'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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Master Components Days Payable Chart

Master Components Annual Data

Trend

Mar20

Mar21

Mar22

Mar23

Days Payable

41.98

62.02

52.27

53.91

Master Components Semi-Annual Data
	Mar20	Mar21	Mar22	Sep22	Mar23
Days Payable	-	-	-	48.93	52.27

Competitive Comparison of Master Components's Days Payable

For the Packaging & Containers subindustry, Master Components'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.

Master Components's Days Payable Distribution in the Packaging & Containers Industry

For the Packaging & Containers industry and Consumer Cyclical sector, Master Components's Days Payable distribution charts can be found below:

* The bar in red indicates where Master Components's Days Payable falls into.

Master Components 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.

Master Components'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
=	( (19.578	+	26.03)	/	2 )	/	154.399	*	365
=	22.804					/	154.399	*	365
=	53.91

Master Components'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: Sep. 2022 )	+	Accounts Payable (Q: Mar. 2023 ))	/	count )	/	Cost of Goods Sold (Q: Mar. 2023 )	*	Days in Period
=	( (20.063	+	26.03)	/	2 )	/	80.471	*	365 / 2
=	23.0465					/	80.471	*	365 / 2
=	52.27

Master Components Days Payable Related Terms

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

Master Components (NSE:MASTER) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Consumer Cyclical » Packaging & Containers » Master Components Ltd (NSE:MASTER) » Definitions » Days Payable

Comparable Companies

Traded in Other Exchanges

N/A

Address

Plot No. D-10/A and D-10/B, M.I.D.C, Ambad, Nashik, MH, IND, 422010

Website

https://www.master-group.in/mastercomponents.html

Master Components Ltd is a company engaged in manufacturing plastic engineering components and subassemblies. Their product is a industrial capital goods and it undergoes stringent quality tests to meet industry standards before they are delivered to their clients. The company provides list of services such as Thermoplastic Injection Moulding, Thermoset Injection Moulding, Thermoset transfer moulding, Compression Moulding.

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