M.M.Rubber Co (BOM:509196) Days Payable : 30.21 (As of Dec. 2023)

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What is M.M.Rubber Co Days Payable?

M.M.Rubber Co's average Accounts Payable for the three months ended in Dec. 2023 was ₹17.0 Mil. M.M.Rubber Co's Cost of Goods Sold for the three months ended in Dec. 2023 was ₹51.5 Mil. Hence, M.M.Rubber Co's Days Payable for the three months ended in Dec. 2023 was 30.21.

The historical rank and industry rank for M.M.Rubber Co's Days Payable or its related term are showing as below:

BOM:509196' s Days Payable Range Over the Past 10 Years
Min: 38.01 Med: 55.53 Max: 100.59
Current: 59.48

During the past 13 years, M.M.Rubber Co's highest Days Payable was 100.59. The lowest was 38.01. And the median was 55.53.

BOM:509196's Days Payable is ranked better than
52.78% of 1025 companies
in the Manufacturing - Apparel & Accessories industry
Industry Median: 56.44 vs BOM:509196: 59.48

M.M.Rubber Co's Days Payable declined from Dec. 2022 (53.61) to Dec. 2023 (30.21). It may suggest that M.M.Rubber Co accelerated paying its suppliers.

M.M.Rubber Co Days Payable Historical Data

The historical data trend for M.M.Rubber Co'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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M.M.Rubber Co Days Payable Chart

M.M.Rubber Co Annual Data

Trend

Mar14

Mar15

Mar16

Mar17

Mar18

Mar19

Mar20

Mar21

Mar22

Mar23

Days Payable

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63.81

53.57

50.81

38.01

51.59

M.M.Rubber Co Quarterly Data
	Mar19	Jun19	Sep19	Dec19	Mar20	Jun20	Sep20	Dec20	Mar21	Jun21	Sep21	Dec21	Mar22	Jun22	Sep22	Dec22	Mar23	Jun23	Sep23	Dec23
Days Payable	Get a 7-Day Free Trial															53.61	2,213.44	48.69	35.17	30.21

Competitive Comparison of M.M.Rubber Co's Days Payable

For the Textile Manufacturing subindustry, M.M.Rubber Co'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.

M.M.Rubber Co's Days Payable Distribution in the Manufacturing - Apparel & Accessories Industry

For the Manufacturing - Apparel & Accessories industry and Consumer Cyclical sector, M.M.Rubber Co's Days Payable distribution charts can be found below:

* The bar in red indicates where M.M.Rubber Co's Days Payable falls into.

M.M.Rubber Co 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.

M.M.Rubber Co'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
=	( (22.297	+	27.386)	/	2 )	/	175.739	*	365
=	24.8415					/	175.739	*	365
=	51.59

M.M.Rubber Co's Days Payable for the quarter that ended in Dec. 2023 is calculated as:

	Days Payable (Q: Dec. 2023 )
=	Average Accounts Payable					/	Cost of Goods Sold	*	Days in Period
=	( (Accounts Payable (Q: Sep. 2023 )	+	Accounts Payable (Q: Dec. 2023 ))	/	count )	/	Cost of Goods Sold (Q: Dec. 2023 )	*	Days in Period
=	( (17.036	+	0)	/	1 )	/	51.454	*	365 / 4
=	17.036					/	51.454	*	365 / 4
=	30.21

M.M.Rubber Co Days Payable Related Terms

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M.M.Rubber Co (BOM:509196) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Consumer Cyclical » Manufacturing - Apparel & Accessories » M.M.Rubber Co Ltd (BOM:509196) » Definitions » Days Payable

Traded in Other Exchanges

N/A

Address

3rd Floor, No. 29, Infantry Road, Empire Infantry, Bangalore, KA, IND, 560001

Website

https://www.mmfoam.com

M.M.Rubber Co Ltd is engaged in the manufacturing and marketing of foam and other related products. It also offers various foam-based products, such as beds, mattresses, pillows and cushions.

M.M.Rubber Co (BOM:509196) Headlines

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