Mangalam Worldwide (NSE:MWL) Days Payable : 15.07 (As of Sep. 2023)

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What is Mangalam Worldwide Days Payable?

Mangalam Worldwide's average Accounts Payable for the six months ended in Sep. 2023 was ₹259 Mil. Mangalam Worldwide's Cost of Goods Sold for the six months ended in Sep. 2023 was ₹3,134 Mil. Hence, Mangalam Worldwide's Days Payable for the six months ended in Sep. 2023 was 15.07.

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

NSE:MWL' s Days Payable Range Over the Past 10 Years
Min: 0.21 Med: 13.03 Max: 33.81
Current: 10.5

During the past 5 years, Mangalam Worldwide's highest Days Payable was 33.81. The lowest was 0.21. And the median was 13.03.

NSE:MWL's Days Payable is ranked worse than
89.91% of 585 companies
in the Steel industry
Industry Median: 41.52 vs NSE:MWL: 10.50

Mangalam Worldwide's Days Payable increased from Sep. 2022 (10.57) to Sep. 2023 (15.07). It may suggest that Mangalam Worldwide delayed paying its suppliers.

Mangalam Worldwide Days Payable Historical Data

The historical data trend for Mangalam Worldwide'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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Mangalam Worldwide Days Payable Chart

Mangalam Worldwide Annual Data

Trend

Mar19

Mar20

Mar21

Mar22

Mar23

Days Payable

0.21

17.76

33.81

13.03

9.31

Mangalam Worldwide Semi-Annual Data
	Mar19	Mar20	Mar21	Sep21	Mar22	Sep22	Mar23	Sep23
Days Payable	Get a 7-Day Free Trial			20.16	9.89	10.57	4.87	15.07

Competitive Comparison of Mangalam Worldwide's Days Payable

For the Steel subindustry, Mangalam Worldwide'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.

Mangalam Worldwide's Days Payable Distribution in the Steel Industry

For the Steel industry and Basic Materials sector, Mangalam Worldwide's Days Payable distribution charts can be found below:

* The bar in red indicates where Mangalam Worldwide's Days Payable falls into.

Mangalam Worldwide 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.

Mangalam Worldwide'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
=	( (181.347	+	123.609)	/	2 )	/	5976.724	*	365
=	152.478					/	5976.724	*	365
=	9.31

Mangalam Worldwide's Days Payable for the quarter that ended in Sep. 2023 is calculated as:

	Days Payable (Q: Sep. 2023 )
=	Average Accounts Payable					/	Cost of Goods Sold	*	Days in Period
=	( (Accounts Payable (Q: Mar. 2023 )	+	Accounts Payable (Q: Sep. 2023 ))	/	count )	/	Cost of Goods Sold (Q: Sep. 2023 )	*	Days in Period
=	( (123.609	+	393.932)	/	2 )	/	3134.044	*	365 / 2
=	258.7705					/	3134.044	*	365 / 2
=	15.07

Mangalam Worldwide Days Payable Related Terms

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

Mangalam Worldwide (NSE:MWL) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Basic Materials » Steel » Mangalam Worldwide Ltd (NSE:MWL) » Definitions » Days Payable

Comparable Companies

Traded in Other Exchanges

N/A

Address

102, Mangalam Corporate House, 42, Shrimali Society, Netaji Marg, Mithakhali, Navrangpura, Ahmedabad, GJ, IND, 380009

Website

https://www.mangalamsaarloh.com

Mangalam Worldwide Ltd is engaged in the manufacturing of stainless steel. The company manufactures Stainless Steel Billets and SS Flat Bars.

Mangalam Worldwide (NSE:MWL) Headlines

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