Abhishek Finlease (BOM:538935) Days Payable : -19.34 (As of Dec. 2023)

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What is Abhishek Finlease Days Payable?

Abhishek Finlease's average Accounts Payable for the three months ended in Dec. 2023 was ₹-0.35 Mil. Abhishek Finlease's Cost of Goods Sold for the three months ended in Dec. 2023 was ₹1.66 Mil. Hence, Abhishek Finlease's Days Payable for the three months ended in Dec. 2023 was -19.34.

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

BOM:538935' s Days Payable Range Over the Past 10 Years
Min: -16.32 Med: 6.84 Max: 42.38
Current: -16.32

During the past 10 years, Abhishek Finlease's highest Days Payable was 42.38. The lowest was -16.32. And the median was 6.84.

BOM:538935's Days Payable is ranked worse than
100% of 469 companies
in the Asset Management industry
Industry Median: 68.13 vs BOM:538935: -16.32

Abhishek Finlease's Days Payable declined from Dec. 2022 (-6.94) to Dec. 2023 (-19.34). It may suggest that Abhishek Finlease accelerated paying its suppliers.

Abhishek Finlease Days Payable Historical Data

The historical data trend for Abhishek Finlease'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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Abhishek Finlease Days Payable Chart

Abhishek Finlease Annual Data

Trend

Mar14

Mar15

Mar16

Mar17

Mar18

Mar19

Mar20

Mar21

Mar22

Mar23

Days Payable

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1.59

-0.26

6.84

13.97

39.97

Abhishek Finlease 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															-6.94	-	-	-13.65	-19.34

Competitive Comparison of Abhishek Finlease's Days Payable

For the Asset Management subindustry, Abhishek Finlease'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.

Abhishek Finlease's Days Payable Distribution in the Asset Management Industry

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

* The bar in red indicates where Abhishek Finlease's Days Payable falls into.

Abhishek Finlease 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.

Abhishek Finlease'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
=	( (0.16	+	0)	/	1 )	/	1.461	*	365
=	0.16					/	1.461	*	365
=	39.97

Abhishek Finlease'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
=	( (-0.351	+	0)	/	1 )	/	1.656	*	365 / 4
=	-0.351					/	1.656	*	365 / 4
=	-19.34

Abhishek Finlease Days Payable Related Terms

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Abhishek Finlease (BOM:538935) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Financial Services » Asset Management » Abhishek Finlease Ltd (BOM:538935) » Definitions » Days Payable

Comparable Companies

Traded in Other Exchanges

N/A

Address

402, Wall Street -1, Opposite Orient Club, Near Gujarat College, Ellisbridge, Ahmedabad, GJ, IND, 380006

Website

http://www.finservices.co.in

Abhishek Finlease Ltd is an investment and financial consultant. It is engaged in providing financial services including long-term financial investments and short-term financial investments. It provides Non-banking financial services and investment consultancy services.

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