Classic Global Finance & Capital (BOM:538433) Days Payable : 688.64 (As of Dec. 2022)

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What is Classic Global Finance & Capital Days Payable?

Classic Global Finance & Capital's average Accounts Payable for the three months ended in Dec. 2022 was ₹9.28 Mil. Classic Global Finance & Capital's Cost of Goods Sold for the three months ended in Dec. 2022 was ₹1.23 Mil. Hence, Classic Global Finance & Capital's Days Payable for the three months ended in Dec. 2022 was 688.64.

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

BOM:538433's Days Payable is not ranked ^*
in the Capital Markets industry.
Industry Median: 109.74
* Ranked among companies with meaningful Days Payable only.

Classic Global Finance & Capital's Days Payable declined from Dec. 2021 (1,847.91) to Dec. 2022 (688.64). It may suggest that Classic Global Finance & Capital accelerated paying its suppliers.

Classic Global Finance & Capital Days Payable Historical Data

The historical data trend for Classic Global Finance & Capital'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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Classic Global Finance & Capital Days Payable Chart

Classic Global Finance & Capital Annual Data

Trend

Mar14

Mar15

Mar16

Mar17

Mar18

Mar19

Mar20

Mar21

Mar22

Days Payable

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2,866.77

2,627.21

2,015.10

1,931.19

1,376.17

Classic Global Finance & Capital Quarterly Data
	Mar18	Jun18	Sep18	Dec18	Mar19	Jun19	Sep19	Dec19	Mar20	Jun20	Sep20	Dec20	Mar21	Jun21	Sep21	Dec21	Mar22	Jun22	Sep22	Dec22
Days Payable	Get a 7-Day Free Trial															1,847.91	793.94	808.35	725.85	688.64

Competitive Comparison of Classic Global Finance & Capital's Days Payable

For the Capital Markets subindustry, Classic Global Finance & Capital'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.

Classic Global Finance & Capital's Days Payable Distribution in the Capital Markets Industry

For the Capital Markets industry and Financial Services sector, Classic Global Finance & Capital's Days Payable distribution charts can be found below:

* The bar in red indicates where Classic Global Finance & Capital's Days Payable falls into.

Classic Global Finance & Capital 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.

Classic Global Finance & Capital's Days Payable for the fiscal year that ended in Mar. 2022 is calculated as

	Days Payable (A: Mar. 2022 )
=	Average Accounts Payable					/	Cost of Goods Sold	*	Days in Period
=	( (Accounts Payable (A: Mar. 2021 )	+	Accounts Payable (A: Mar. 2022 ))	/	count )	/	Cost of Goods Sold (A: Mar. 2022 )	*	Days in Period
=	( (9.275	+	9.275)	/	2 )	/	2.46	*	365
=	9.275					/	2.46	*	365
=	1,376.17

Classic Global Finance & Capital's Days Payable for the quarter that ended in Dec. 2022 is calculated as:

	Days Payable (Q: Dec. 2022 )
=	Average Accounts Payable					/	Cost of Goods Sold	*	Days in Period
=	( (Accounts Payable (Q: Sep. 2022 )	+	Accounts Payable (Q: Dec. 2022 ))	/	count )	/	Cost of Goods Sold (Q: Dec. 2022 )	*	Days in Period
=	( (9.275	+	0)	/	1 )	/	1.229	*	365 / 4
=	9.275					/	1.229	*	365 / 4
=	688.64

Classic Global Finance & Capital Days Payable Related Terms

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Classic Global Finance & Capital (BOM:538433) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Financial Services » Capital Markets » Classic Global Finance & Capital Ltd (BOM:538433) » Definitions » Days Payable

Comparable Companies

Traded in Other Exchanges

N/A

Address

Office Number 8, Sodhi Complex, IInd Floor, Miller Ganj, Opposite Ramgarhia School, Ludhiana, IND, 141003

Website

https://www.classicgfcl.com

Classic Global Finance & Capital Ltd operates as a broking company in India. It offers loans for the purchase of equipment and machinery, working capital loans, loans for business or capacity expansion, term loans against property, loans for the purchase of commercial property, and lease rental discounting services. The company also provides investment services to purchase, acquire, subscribe, hold, and dispose of or otherwise invest/deal in shares, debenture stocks, bonds, obligations and securities, units, and other instruments. In addition, it acts as an agent/sub-agent of various agencies, mutual funds, and institutions for the mobilization of funds, deposits, and loans or other securities/units.

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