MRC Agrotech (BOM:540809) Days Payable : 134.29 (As of Sep. 2023)

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What is MRC Agrotech Days Payable?

MRC Agrotech's average Accounts Payable for the six months ended in Sep. 2023 was ₹44.2 Mil. MRC Agrotech's Cost of Goods Sold for the six months ended in Sep. 2023 was ₹60.1 Mil. Hence, MRC Agrotech's Days Payable for the six months ended in Sep. 2023 was 134.29.

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

BOM:540809' s Days Payable Range Over the Past 10 Years
Min: 25.12 Med: 117.59 Max: 339.61
Current: 107.9

During the past 8 years, MRC Agrotech's highest Days Payable was 339.61. The lowest was 25.12. And the median was 117.59.

BOM:540809's Days Payable is ranked better than
83.43% of 1786 companies
in the Consumer Packaged Goods industry
Industry Median: 46.08 vs BOM:540809: 107.90

MRC Agrotech's Days Payable increased from Sep. 2022 (0.00) to Sep. 2023 (134.29). It may suggest that MRC Agrotech delayed paying its suppliers.

MRC Agrotech Days Payable Historical Data

The historical data trend for MRC Agrotech'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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MRC Agrotech Days Payable Chart

MRC Agrotech Annual Data

Trend

Mar16

Mar17

Mar18

Mar19

Mar20

Mar21

Mar22

Mar23

Days Payable

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26.33

25.12

277.01

130.93

137.31

MRC Agrotech Semi-Annual Data
	Mar16	Mar17	Sep17	Mar18	Sep18	Mar19	Sep19	Mar20	Sep20	Mar21	Sep21	Mar22	Sep22	Mar23	Sep23
Days Payable	Get a 7-Day Free Trial										328.99	38.51	-	68.86	134.29

Competitive Comparison of MRC Agrotech's Days Payable

For the Farm Products subindustry, MRC Agrotech'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.

MRC Agrotech's Days Payable Distribution in the Consumer Packaged Goods Industry

For the Consumer Packaged Goods industry and Consumer Defensive sector, MRC Agrotech's Days Payable distribution charts can be found below:

* The bar in red indicates where MRC Agrotech's Days Payable falls into.

MRC Agrotech 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.

MRC Agrotech'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
=	( (17.47	+	27.282)	/	2 )	/	59.479	*	365
=	22.376					/	59.479	*	365
=	137.31

MRC Agrotech's Days Payable for the quarter that ended in Sep. 2023 is calculated as:

	Days Payable (Q: Sep. 2023 )
=	Average Accounts Payable					/	Cost of Goods Sold	*	Days in Period
=	( (Accounts Payable (Q: Mar. 2023 )	+	Accounts Payable (Q: Sep. 2023 ))	/	count )	/	Cost of Goods Sold (Q: Sep. 2023 )	*	Days in Period
=	( (27.282	+	61.163)	/	2 )	/	60.098	*	365 / 2
=	44.2225					/	60.098	*	365 / 2
=	134.29

MRC Agrotech Days Payable Related Terms

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MRC Agrotech (BOM:540809) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Consumer Defensive » Consumer Packaged Goods » MRC Agrotech Ltd (BOM:540809) » Definitions » Days Payable

Comparable Companies

Traded in Other Exchanges

N/A

Address

Kurla Andheri Road, Unit No. 1208, The Summit Business Bay, Prakashwadi, Mumbai, MH, IND, 400069

Website

https://www.mrcagro.com

MRC Agrotech Ltd is an India-based company that cultivates, grow, produce, harvest raised, or deal in agricultural produce as agriculturists, farmers, or gardeners and sets up processing unit for import, export, distribution, or deal in agricultural produce of all description, like fruits, vegetable, seeds and herbal products and trade in all the products required for cultivation, harvesting, production, and developments of seeds, vegetable, fruits and herbal items.

MRC Agrotech (BOM:540809) Headlines

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