Trade Wings (BOM:509953) Days Payable : 27.02 (As of Dec. 2023)

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What is Trade Wings Days Payable?

Trade Wings's average Accounts Payable for the three months ended in Dec. 2023 was ₹147 Mil. Trade Wings's Cost of Goods Sold for the three months ended in Dec. 2023 was ₹496 Mil. Hence, Trade Wings's Days Payable for the three months ended in Dec. 2023 was 27.02.

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

BOM:509953' s Days Payable Range Over the Past 10 Years
Min: 19.7 Med: 47.52 Max: 2663.26
Current: 25.67

During the past 13 years, Trade Wings's highest Days Payable was 2663.26. The lowest was 19.70. And the median was 47.52.

BOM:509953's Days Payable is not ranked
in the Travel & Leisure industry.
Industry Median: 59.87 vs BOM:509953: 25.67

Trade Wings's Days Payable increased from Dec. 2022 (24.06) to Dec. 2023 (27.02). It may suggest that Trade Wings delayed paying its suppliers.

Trade Wings Days Payable Historical Data

The historical data trend for Trade Wings'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.

* Premium members only.

Trade Wings Days Payable Chart

Trade Wings Annual Data

Trend

Mar14

Mar15

Mar16

Mar17

Mar18

Mar19

Mar20

Mar21

Mar22

Mar23

Days Payable

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23.65

23.55

126.99

64.79

30.24

Trade Wings 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															24.06	28.14	23.63	30.48	27.02

Competitive Comparison of Trade Wings's Days Payable

For the Travel Services subindustry, Trade Wings'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.

Trade Wings's Days Payable Distribution in the Travel & Leisure Industry

For the Travel & Leisure industry and Consumer Cyclical sector, Trade Wings's Days Payable distribution charts can be found below:

* The bar in red indicates where Trade Wings's Days Payable falls into.

Trade Wings 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.

Trade Wings'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
=	( (143.168	+	145.28)	/	2 )	/	1740.81	*	365
=	144.224					/	1740.81	*	365
=	30.24

Trade Wings'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
=	( (146.827	+	0)	/	1 )	/	495.779	*	365 / 4
=	146.827					/	495.779	*	365 / 4
=	27.02

Trade Wings Days Payable Related Terms

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Trade Wings (BOM:509953) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Consumer Cyclical » Travel & Leisure » Trade Wings Ltd (BOM:509953) » Definitions » Days Payable

Comparable Companies

Traded in Other Exchanges

N/A

Address

A-2 Kaveri CHS, Plot No.63, Sector 17, Vashi, Navi Mumbai, MH, IND, 400 705

Website

https://www.tradewings.in

Trade Wings Ltd is an India based company operating in the tourism industry. Its services include Business Travel, Leisure Travel, Hospitality, Logistics, and others. The company's operating segment includes Cargo and Others and Travel Related Services. It generates maximum revenue from the Travel Related Services segment.

Trade Wings (BOM:509953) Headlines

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