Gujarat Mineral Development (BOM:532181) Days Payable : 50.98 (As of Dec. 2023)

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What is Gujarat Mineral Development Days Payable?

Gujarat Mineral Development's average Accounts Payable for the three months ended in Dec. 2023 was ₹1,844 Mil. Gujarat Mineral Development's Cost of Goods Sold for the three months ended in Dec. 2023 was ₹3,301 Mil. Hence, Gujarat Mineral Development's Days Payable for the three months ended in Dec. 2023 was 50.98.

The historical rank and industry rank for Gujarat Mineral Development's Days Payable or its related term are showing as below:

BOM:532181' s Days Payable Range Over the Past 10 Years
Min: 23.94 Med: 35.39 Max: 71.45
Current: 71.45

During the past 13 years, Gujarat Mineral Development's highest Days Payable was 71.45. The lowest was 23.94. And the median was 35.39.

BOM:532181's Days Payable is ranked better than
54.76% of 126 companies
in the Other Energy Sources industry
Industry Median: 64.77 vs BOM:532181: 71.45

Gujarat Mineral Development's Days Payable increased from Dec. 2022 (39.24) to Dec. 2023 (50.98). It may suggest that Gujarat Mineral Development delayed paying its suppliers.

Gujarat Mineral Development Days Payable Historical Data

The historical data trend for Gujarat Mineral Development'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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Gujarat Mineral Development Days Payable Chart

Gujarat Mineral Development Annual Data

Trend

Mar14

Mar15

Mar16

Mar17

Mar18

Mar19

Mar20

Mar21

Mar22

Mar23

Days Payable

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35.69

41.27

51.52

39.58

41.31

Gujarat Mineral Development 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															39.24	32.79	1,308.43	646.63	50.98

Competitive Comparison of Gujarat Mineral Development's Days Payable

For the Thermal Coal subindustry, Gujarat Mineral Development'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.

Gujarat Mineral Development's Days Payable Distribution in the Other Energy Sources Industry

For the Other Energy Sources industry and Energy sector, Gujarat Mineral Development's Days Payable distribution charts can be found below:

* The bar in red indicates where Gujarat Mineral Development's Days Payable falls into.

Gujarat Mineral Development 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.

Gujarat Mineral Development'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
=	( (2105.931	+	2046.191)	/	2 )	/	18341.696	*	365
=	2076.061					/	18341.696	*	365
=	41.31

Gujarat Mineral Development'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
=	( (1844.029	+	0)	/	1 )	/	3300.562	*	365 / 4
=	1844.029					/	3300.562	*	365 / 4
=	50.98

Gujarat Mineral Development Days Payable Related Terms

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Gujarat Mineral Development (BOM:532181) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Energy » Other Energy Sources » Gujarat Mineral Development Corp Ltd (BOM:532181) » Definitions » Days Payable

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GMDCLTD:India

Address

132 Feet Ring Road, Khanij Bhavan, Near University Ground, Vastrapur, Ahmedabad, GJ, IND, 380 052

Website

https://www.gmdcltd.com

Gujarat Mineral Development Corp Ltd is a mineral resource mining company. Its operations include lignite mining, bauxite mining, fluorspar mining, manganese mining, and power generation. The company's segments include Mining and Power. The majority of the revenue is derived from mining operations specifically from the sale of lignite mining and the company also has various other mining projects.

Gujarat Mineral Development (BOM:532181) Headlines

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