Minolta Finance (BOM:532164) Days Payable : 229.98 (As of Dec. 2023)

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What is Minolta Finance Days Payable?

Minolta Finance's average Accounts Payable for the three months ended in Dec. 2023 was ₹3.60 Mil. Minolta Finance's Cost of Goods Sold for the three months ended in Dec. 2023 was ₹1.43 Mil. Hence, Minolta Finance's Days Payable for the three months ended in Dec. 2023 was 229.98.

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

BOM:532164' s Days Payable Range Over the Past 10 Years
Min: 27.8 Med: 181.49 Max: 984.9
Current: 439.04

During the past 13 years, Minolta Finance's highest Days Payable was 984.90. The lowest was 27.80. And the median was 181.49.

BOM:532164's Days Payable is ranked better than
81.88% of 469 companies
in the Asset Management industry
Industry Median: 68.13 vs BOM:532164: 439.04

Minolta Finance's Days Payable declined from Dec. 2022 (526.14) to Dec. 2023 (229.98). It may suggest that Minolta Finance accelerated paying its suppliers.

Minolta Finance Days Payable Historical Data

The historical data trend for Minolta 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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Minolta Finance Days Payable Chart

Minolta Finance Annual Data

Trend

Mar14

Mar15

Mar16

Mar17

Mar18

Mar19

Mar20

Mar21

Mar22

Mar23

Days Payable

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35.91

180.94

391.46

984.90

423.76

Minolta Finance 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															526.14	241.08	330.74	363.39	229.98

Competitive Comparison of Minolta Finance's Days Payable

For the Asset Management subindustry, Minolta 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.

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

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

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

Minolta 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.

Minolta Finance'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
=	( (6.976	+	3.099)	/	2 )	/	4.339	*	365
=	5.0375					/	4.339	*	365
=	423.76

Minolta Finance'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
=	( (3.604	+	0)	/	1 )	/	1.43	*	365 / 4
=	3.604					/	1.43	*	365 / 4
=	229.98

Minolta Finance Days Payable Related Terms

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Minolta Finance (BOM:532164) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Financial Services » Asset Management » Minolta Finance Ltd (BOM:532164) » Definitions » Days Payable

Comparable Companies

Traded in Other Exchanges

N/A

Address

Unique Pearl, BL-A, Hatiara, Roy Para, Kolkata, WB, IND, 700157

Website

https://www.minolta.co.in

Minolta Finance Ltd is an Indian non-banking finance company. The company generates revenue from interest income.

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