Rane (Madras) (BOM:532661) Days Payable : 78.02 (As of Mar. 2024)

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What is Rane (Madras) Days Payable?

Rane (Madras)'s average Accounts Payable for the three months ended in Mar. 2024 was ₹2,852 Mil. Rane (Madras)'s Cost of Goods Sold for the three months ended in Mar. 2024 was ₹3,335 Mil. Hence, Rane (Madras)'s Days Payable for the three months ended in Mar. 2024 was 78.02.

The historical rank and industry rank for Rane (Madras)'s Days Payable or its related term are showing as below:

BOM:532661' s Days Payable Range Over the Past 10 Years
Min: 81.81 Med: 90.07 Max: 102.47
Current: 82

During the past 13 years, Rane (Madras)'s highest Days Payable was 102.47. The lowest was 81.81. And the median was 90.07.

BOM:532661's Days Payable is ranked better than
62.67% of 1259 companies
in the Vehicles & Parts industry
Industry Median: 65.85 vs BOM:532661: 82.00

Rane (Madras)'s Days Payable declined from Mar. 2023 (80.70) to Mar. 2024 (78.02). It may suggest that Rane (Madras) accelerated paying its suppliers.

Rane (Madras) Days Payable Historical Data

The historical data trend for Rane (Madras)'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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Rane (Madras) Days Payable Chart

Rane (Madras) Annual Data

Trend

Mar15

Mar16

Mar17

Mar18

Mar19

Mar20

Mar21

Mar22

Mar23

Mar24

Days Payable

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88.09

102.47

92.62

81.81

81.95

Rane (Madras) 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															80.70	87.73	75.49	87.41	78.02

Competitive Comparison of Rane (Madras)'s Days Payable

For the Auto Parts subindustry, Rane (Madras)'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.

Rane (Madras)'s Days Payable Distribution in the Vehicles & Parts Industry

For the Vehicles & Parts industry and Consumer Cyclical sector, Rane (Madras)'s Days Payable distribution charts can be found below:

* The bar in red indicates where Rane (Madras)'s Days Payable falls into.

Rane (Madras) 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.

Rane (Madras)'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
=	( (3471.3	+	2851.5)	/	2 )	/	14081.2	*	365
=	3161.4					/	14081.2	*	365
=	81.95

Rane (Madras)'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
=	( (0	+	2851.5)	/	1 )	/	3334.9	*	365 / 4
=	2851.5					/	3334.9	*	365 / 4
=	78.02

Rane (Madras) Days Payable Related Terms

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Rane (Madras) (BOM:532661) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Consumer Cyclical » Vehicles & Parts » Rane (Madras) Ltd (BOM:532661) » Definitions » Days Payable

Comparable Companies

Traded in Other Exchanges

RML:India

Address

154, Velachery Road, Ganapathi Buildings, Chennai, TN, IND, 600 042

Website

http://www.ranegroup.com

Rane (Madras) Ltd provides components for the transportation industry. The company is a manufacturer of steering and suspension linkages products, steering gear products and other articles of aluminum die casting products. It operates through two divisions: steering and linkages division and Light Metal Castings division. The Company's steering and linkages division manufacture manual steering gears, hydrostatic steering systems, and steering and suspension linkage products. The Company's Light Metal Castings division manufactures low porosity, high-quality aluminum die-castings such as steering housings and engine case covers. The Company is a supplier to manufacturers of passenger cars, utility vehicles and farm tractors across the globe.

Rane (Madras) (BOM:532661) Headlines

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