AMIC Forging (BOM:544037) Days Payable : 76.01 (As of Mar. 2023)

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What is AMIC Forging Days Payable?

AMIC Forging's average Accounts Payable for the six months ended in Mar. 2023 was ₹208 Mil. AMIC Forging's Cost of Goods Sold for the six months ended in Mar. 2023 was ₹1,000 Mil. Hence, AMIC Forging's Days Payable for the six months ended in Mar. 2023 was 38.01.

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

BOM:544037' s Days Payable Range Over the Past 10 Years
Min: 46.08 Med: 69.64 Max: 76.01
Current: 76.01

During the past 3 years, AMIC Forging's highest Days Payable was 76.01. The lowest was 46.08. And the median was 69.64.

BOM:544037's Days Payable is ranked worse than
50.53% of 2927 companies
in the Industrial Products industry
Industry Median: 76.45 vs BOM:544037: 76.01

AMIC Forging's Days Payable increased from Mar. 2021 (69.64) to Mar. 2023 (76.01). It may suggest that AMIC Forging delayed paying its suppliers.

AMIC Forging Days Payable Historical Data

The historical data trend for AMIC Forging'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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AMIC Forging Days Payable Chart

AMIC Forging Annual Data

Trend

Mar21

Mar22

Mar23

Days Payable

69.64

46.08

76.01

AMIC Forging Semi-Annual Data
	Mar21	Mar22	Mar23
Days Payable	69.64	46.08	76.01

Competitive Comparison of AMIC Forging's Days Payable

For the Metal Fabrication subindustry, AMIC Forging'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.

AMIC Forging's Days Payable Distribution in the Industrial Products Industry

For the Industrial Products industry and Industrials sector, AMIC Forging's Days Payable distribution charts can be found below:

* The bar in red indicates where AMIC Forging's Days Payable falls into.

AMIC Forging 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.

AMIC Forging'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
=	( (125.01	+	291.474)	/	2 )	/	999.914	*	365
=	208.242					/	999.914	*	365
=	76.01

AMIC Forging's Days Payable for the quarter that ended in Mar. 2023 is calculated as:

	Days Payable (Q: Mar. 2023 )
=	Average Accounts Payable					/	Cost of Goods Sold	*	Days in Period
=	( (Accounts Payable (Q: Mar. 2022 )	+	Accounts Payable (Q: Mar. 2023 ))	/	count )	/	Cost of Goods Sold (Q: Mar. 2023 )	*	Days in Period
=	( (125.01	+	291.474)	/	2 )	/	999.914	*	365 / 2
=	208.242					/	999.914	*	365 / 2
=	38.01

AMIC Forging Days Payable Related Terms

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AMIC Forging (BOM:544037) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Industrials » Industrial Products » AMIC Forging Ltd (BOM:544037) » Definitions » Days Payable

Comparable Companies

Traded in Other Exchanges

N/A

Address

3A, Garstin Place, 2nd Floor, Kolkata, WB, IND, 700001

Website

https://www.amicforgings.com

AMIC Forging Ltd is engaged in the manufacturing of forged components. It manufactures precision machined components catering to various industries such as heavy Engineering, Steel Industry, Oil and gas, Petrochemicals, Chemicals, Refineries, Thermal Power, Nuclear Power, Hydro Power, Cement Industry, Sugar, and other related industries. It manufactures different forging components such as Gear Couplings, Roller Shaft, Brake Drum, Hook and other products as per international standards like AISI, BS, IS, DIN, etc.

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