Abans Holdings (NSE:AHL) Days Payable : 65.60 (As of Mar. 2024)

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What is Abans Holdings Days Payable?

Abans Holdings's average Accounts Payable for the three months ended in Mar. 2024 was ₹1,446 Mil. Abans Holdings's Cost of Goods Sold for the three months ended in Mar. 2024 was ₹2,012 Mil. Hence, Abans Holdings's Days Payable for the three months ended in Mar. 2024 was 65.60.

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

NSE:AHL' s Days Payable Range Over the Past 10 Years
Min: 28.2 Med: 36.76 Max: 61.12
Current: 35.25

During the past 5 years, Abans Holdings's highest Days Payable was 61.12. The lowest was 28.20. And the median was 36.76.

NSE:AHL's Days Payable is ranked worse than
68.56% of 528 companies
in the Capital Markets industry
Industry Median: 105.34 vs NSE:AHL: 35.25

Abans Holdings's Days Payable increased from Mar. 2023 (13.47) to Mar. 2024 (65.60). It may suggest that Abans Holdings delayed paying its suppliers.

Abans Holdings Days Payable Historical Data

The historical data trend for Abans Holdings'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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Abans Holdings Days Payable Chart

Abans Holdings Annual Data

Trend

Mar20

Mar21

Mar22

Mar23

Mar24

Days Payable

28.20

39.17

61.12

36.76

34.47

Abans Holdings Quarterly Data
	Mar20	Mar21	Mar22	Aug22	Dec22	Mar23	Jun23	Sep23	Dec23	Mar24
Days Payable	Get a 7-Day Free Trial					13.47	34.66	34.22	23.89	65.60

Competitive Comparison of Abans Holdings's Days Payable

For the Capital Markets subindustry, Abans Holdings'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.

Abans Holdings's Days Payable Distribution in the Capital Markets Industry

For the Capital Markets industry and Financial Services sector, Abans Holdings's Days Payable distribution charts can be found below:

* The bar in red indicates where Abans Holdings's Days Payable falls into.

Abans Holdings 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.

Abans Holdings'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
=	( (792.553	+	1446.419)	/	2 )	/	11855.689	*	365
=	1119.486					/	11855.689	*	365
=	34.47

Abans Holdings'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	+	1446.419)	/	1 )	/	2011.867	*	365 / 4
=	1446.419					/	2011.867	*	365 / 4
=	65.60

Abans Holdings Days Payable Related Terms

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Abans Holdings (NSE:AHL) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Financial Services » Capital Markets » Abans Holdings Ltd (NSE:AHL) » Definitions » Days Payable

Comparable Companies

Traded in Other Exchanges

543712:India

Address

Backbay Reclamation, 36, 37, 38A, Floor 3, 227 Nariman Bhavan, Nariman Point, Mumbai, MH, IND, 400 021

Website

https://www.abansholdings.com

Abans Holdings Ltd is engaged in providing financial services. The principal activities of the Company consist of general trading of agri commodities, precious metals, trading In debentures, securities, and derivative contracts on recognized stock exchanges. The company is also engaged in advisory services like Investment Banking, Corporate Finance, Project Finance, Trade Finance, and providing Business & Retail Loans, unsecured as well as secured against collateral security of immovable property, agricultural stocks, liquid assets like shares, other financial assets, etc. The operating segments are; Agency business, Internal treasury operations, Lending activities, and Others. The majority of its revenue is derived from the Internal treasury operations segment.