Anand Rathi Wealth (BOM:543415) Days Payable : 0.02 (As of Mar. 2024)

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What is Anand Rathi Wealth Days Payable?

Anand Rathi Wealth's average Accounts Payable for the three months ended in Mar. 2024 was ₹0 Mil. Anand Rathi Wealth's Cost of Goods Sold for the three months ended in Mar. 2024 was ₹840 Mil. Hence, Anand Rathi Wealth's Days Payable for the three months ended in Mar. 2024 was 0.02.

The historical rank and industry rank for Anand Rathi Wealth's Days Payable or its related term are showing as below:

BOM:543415' s Days Payable Range Over the Past 10 Years
Min: 0.16 Med: 0.49 Max: 2.51
Current: 0.16

During the past 6 years, Anand Rathi Wealth's highest Days Payable was 2.51. The lowest was 0.16. And the median was 0.49.

BOM:543415's Days Payable is ranked worse than
99.57% of 468 companies
in the Asset Management industry
Industry Median: 70.455 vs BOM:543415: 0.16

Anand Rathi Wealth's Days Payable declined from Mar. 2023 (0.46) to Mar. 2024 (0.02). It may suggest that Anand Rathi Wealth accelerated paying its suppliers.

Anand Rathi Wealth Days Payable Historical Data

The historical data trend for Anand Rathi Wealth'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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Anand Rathi Wealth Days Payable Chart

Anand Rathi Wealth Annual Data

Trend

Mar19

Mar20

Mar21

Mar22

Mar23

Mar24

Days Payable

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2.12

2.51

0.42

0.51

0.20

Anand Rathi Wealth Quarterly Data
	Mar19	Mar20	Dec20	Mar21	Jun21	Sep21	Dec21	Mar22	Jun22	Sep22	Dec22	Mar23	Jun23	Sep23	Dec23	Mar24
Days Payable	Get a 7-Day Free Trial											0.46	0.36	0.11	0.11	0.02

Competitive Comparison of Anand Rathi Wealth's Days Payable

For the Asset Management subindustry, Anand Rathi Wealth'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.

Anand Rathi Wealth's Days Payable Distribution in the Asset Management Industry

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

* The bar in red indicates where Anand Rathi Wealth's Days Payable falls into.

Anand Rathi Wealth 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.

Anand Rathi Wealth'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
=	( (3.149	+	0.206)	/	2 )	/	2995.09	*	365
=	1.6775					/	2995.09	*	365
=	0.20

Anand Rathi Wealth'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	+	0.206)	/	1 )	/	840.367	*	365 / 4
=	0.206					/	840.367	*	365 / 4
=	0.02

Anand Rathi Wealth Days Payable Related Terms

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Anand Rathi Wealth (BOM:543415) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Financial Services » Asset Management » Anand Rathi Wealth Ltd (BOM:543415) » Definitions » Days Payable

Comparable Companies

Traded in Other Exchanges

ANANDRATHI:India

Address

Senapati Bapat Marg, Trade Link, 2nd and 3rd Floor, E Wing, B and C Block, Kamla Mill Compound, Lower Parel, Mumbai, MH, IND, 400 013

Website

https://www.rathi.com

Anand Rathi Wealth Ltd is a non-bank wealth solutions firm. The company offers a wide product portfolio of wealth solutions, financial product distribution, and technology solutions to its clients.

Anand Rathi Wealth (BOM:543415) Headlines

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