Lerthai Finance (BOM:502250) Days Payable : 1,209.99 (As of Mar. 2024)

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What is Lerthai Finance Days Payable?

Lerthai Finance's average Accounts Payable for the three months ended in Mar. 2024 was ₹1.30 Mil. Lerthai Finance's Cost of Goods Sold for the three months ended in Mar. 2024 was ₹0.10 Mil. Hence, Lerthai Finance's Days Payable for the three months ended in Mar. 2024 was 1,209.99.

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

BOM:502250' s Days Payable Range Over the Past 10 Years
Min: 1068.99 Med: 1483.98 Max: 2625.86
Current: 1237.23

During the past 13 years, Lerthai Finance's highest Days Payable was 2625.86. The lowest was 1068.99. And the median was 1483.98.

BOM:502250's Days Payable is ranked better than
91.68% of 469 companies
in the Asset Management industry
Industry Median: 68.13 vs BOM:502250: 1237.23

Lerthai Finance's Days Payable increased from Mar. 2023 (1,069.39) to Mar. 2024 (1,209.99). It may suggest that Lerthai Finance delayed paying its suppliers.

Lerthai Finance Days Payable Historical Data

The historical data trend for Lerthai Finance'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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Lerthai Finance Days Payable Chart

Lerthai Finance Annual Data

Trend

Mar15

Mar16

Mar17

Mar18

Mar19

Mar20

Mar21

Mar22

Mar23

Mar24

Days Payable

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2,625.86

1,443.41

1,524.55

1,318.83

1,068.99

Lerthai Finance 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															1,069.39	1,122.00	1,406.93	1,402.74	1,209.99

Competitive Comparison of Lerthai Finance's Days Payable

For the Asset Management subindustry, Lerthai Finance'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.

Lerthai Finance's Days Payable Distribution in the Asset Management Industry

For the Asset Management industry and Financial Services sector, Lerthai Finance's Days Payable distribution charts can be found below:

* The bar in red indicates where Lerthai Finance's Days Payable falls into.

Lerthai Finance 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.

Lerthai Finance'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
=	( (1.205	+	1.097)	/	2 )	/	0.393	*	365
=	1.151					/	0.393	*	365
=	1,068.99

Lerthai Finance'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
=	( (1.502	+	1.097)	/	2 )	/	0.098	*	365 / 4
=	1.2995					/	0.098	*	365 / 4
=	1,209.99

Lerthai Finance Days Payable Related Terms

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Lerthai Finance (BOM:502250) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Financial Services » Asset Management » Lerthai Finance Ltd (BOM:502250) » Definitions » Days Payable

Comparable Companies

Traded in Other Exchanges

N/A

Address

Mahatma Gandhi Road, Office No. 312/313, Third Floor, Barton Centre, Bangalore, KA, IND, 560001

Website

http://www.lerthaifinance.com

Lerthai Finance Ltd is an Indian company engaged in the business activity of financing and investment. Geographically the company operates only in India.

Lerthai Finance (BOM:502250) Headlines

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