Action Construction Equipment (BOM:532762) Days Payable : 109.73 (As of Mar. 2024)

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What is Action Construction Equipment Days Payable?

Action Construction Equipment's average Accounts Payable for the three months ended in Mar. 2024 was ₹6,880 Mil. Action Construction Equipment's Cost of Goods Sold for the three months ended in Mar. 2024 was ₹5,721 Mil. Hence, Action Construction Equipment's Days Payable for the three months ended in Mar. 2024 was 109.73.

The historical rank and industry rank for Action Construction Equipment's Days Payable or its related term are showing as below:

BOM:532762' s Days Payable Range Over the Past 10 Years
Min: 84.84 Med: 96.94 Max: 131.17
Current: 106.12

During the past 13 years, Action Construction Equipment's highest Days Payable was 131.17. The lowest was 84.84. And the median was 96.94.

BOM:532762's Days Payable is ranked better than
61.95% of 205 companies
in the Farm & Heavy Construction Machinery industry
Industry Median: 72.84 vs BOM:532762: 106.12

Action Construction Equipment's Days Payable increased from Mar. 2023 (108.77) to Mar. 2024 (109.73). It may suggest that Action Construction Equipment delayed paying its suppliers.

Action Construction Equipment Days Payable Historical Data

The historical data trend for Action Construction Equipment'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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Action Construction Equipment Days Payable Chart

Action Construction Equipment Annual Data

Trend

Mar15

Mar16

Mar17

Mar18

Mar19

Mar20

Mar21

Mar22

Mar23

Mar24

Days Payable

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129.82

131.17

107.77

102.45

107.26

Action Construction Equipment 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															108.77	101.18	111.00	99.83	109.73

Competitive Comparison of Action Construction Equipment's Days Payable

For the Farm & Heavy Construction Machinery subindustry, Action Construction Equipment'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.

Action Construction Equipment's Days Payable Distribution in the Farm & Heavy Construction Machinery Industry

For the Farm & Heavy Construction Machinery industry and Industrials sector, Action Construction Equipment's Days Payable distribution charts can be found below:

* The bar in red indicates where Action Construction Equipment's Days Payable falls into.

Action Construction Equipment 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.

Action Construction Equipment'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
=	( (5009.3	+	6879.5)	/	2 )	/	20228.2	*	365
=	5944.4					/	20228.2	*	365
=	107.26

Action Construction Equipment'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	+	6879.5)	/	1 )	/	5721	*	365 / 4
=	6879.5					/	5721	*	365 / 4
=	109.73

Action Construction Equipment Days Payable Related Terms

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Action Construction Equipment (BOM:532762) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Industrials » Farm & Heavy Construction Machinery » Action Construction Equipment Ltd (BOM:532762) » Definitions » Days Payable

Comparable Companies

Traded in Other Exchanges

ACE:India

Address

Dudhola Link Road, Dudhala District, Palwal, HR, IND, 121102

Website

https://www.ace-cranes.com

Action Construction Equipment Ltd is engaged in manufacturing material handling and construction equipment. The company operates in four business segments that are Cranes, Construction Equipment, Material Handling, and Agri Equipment. The product portfolio of the company consists of the mobile crane, tower crane, crawler crane, backhoe and ladder, road equipment, and the forklift truck. Most of the firm's revenue gets derived from the Cranes segment.

Action Construction Equipment (BOM:532762) Headlines

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