Vedant Asset (BOM:543623) Days Payable : 12.94 (As of Sep. 2023)

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What is Vedant Asset Days Payable?

Vedant Asset's average Accounts Payable for the six months ended in Sep. 2023 was ₹0.36 Mil. Vedant Asset's Cost of Goods Sold for the six months ended in Sep. 2023 was ₹5.14 Mil. Hence, Vedant Asset's Days Payable for the six months ended in Sep. 2023 was 12.94.

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

BOM:543623' s Days Payable Range Over the Past 10 Years
Min: 5.23 Med: 13.93 Max: 21.61
Current: 5.23

During the past 4 years, Vedant Asset's highest Days Payable was 21.61. The lowest was 5.23. And the median was 13.93.

BOM:543623's Days Payable is ranked worse than
93.6% of 469 companies
in the Asset Management industry
Industry Median: 68.13 vs BOM:543623: 5.23

Vedant Asset's Days Payable declined from Sep. 2022 (40.18) to Sep. 2023 (12.94). It may suggest that Vedant Asset accelerated paying its suppliers.

Vedant Asset Days Payable Historical Data

The historical data trend for Vedant Asset'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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Vedant Asset Days Payable Chart

Vedant Asset Annual Data

Trend

Mar20

Mar21

Mar22

Mar23

Days Payable

21.61

6.24

Vedant Asset Semi-Annual Data
	Mar20	Mar21	Mar22	Sep22	Mar23	Sep23
Days Payable	Get a 7-Day Free Trial			-	-	40.18	2.92	12.94

Competitive Comparison of Vedant Asset's Days Payable

For the Asset Management subindustry, Vedant Asset'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.

Vedant Asset's Days Payable Distribution in the Asset Management Industry

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

* The bar in red indicates where Vedant Asset's Days Payable falls into.

Vedant Asset 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.

Vedant Asset'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
=	( (0.437	+	0.325)	/	2 )	/	22.273	*	365
=	0.381					/	22.273	*	365
=	6.24

Vedant Asset'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
=	( (0.325	+	0.404)	/	2 )	/	5.14	*	365 / 2
=	0.3645					/	5.14	*	365 / 2
=	12.94

Vedant Asset Days Payable Related Terms

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Vedant Asset (BOM:543623) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Financial Services » Asset Management » Vedant Asset Ltd (BOM:543623) » Definitions » Days Payable

Comparable Companies

Traded in Other Exchanges

N/A

Address

3 rd Floor, Gayways House, Pee Pee Compound, Ranchi, JH, IND, 834001

Website

https://www.vedantasset.com

Vedant Asset Ltd is engaged in a Financial Investment Super Market for private and rural investors. The core business is to earn revenue from brokerage and commission by managing funds of investors with various mutual fund houses and providing Banking Correspondence Services in association with various banks.

Vedant Asset (BOM:543623) Headlines

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