MIC Electronics (NSE:MICEL) Days Payable : 16.86 (As of Dec. 2023)

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What is MIC Electronics Days Payable?

MIC Electronics's average Accounts Payable for the three months ended in Dec. 2023 was ₹20.3 Mil. MIC Electronics's Cost of Goods Sold for the three months ended in Dec. 2023 was ₹109.9 Mil. Hence, MIC Electronics's Days Payable for the three months ended in Dec. 2023 was 16.86.

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

NSE:MICEL' s Days Payable Range Over the Past 10 Years
Min: 12.74 Med: 144.36 Max: 36635.21
Current: 15.23

During the past 13 years, MIC Electronics's highest Days Payable was 36635.21. The lowest was 12.74. And the median was 144.36.

NSE:MICEL's Days Payable is ranked worse than
97.19% of 2421 companies
in the Hardware industry
Industry Median: 67.93 vs NSE:MICEL: 15.23

MIC Electronics's Days Payable declined from Dec. 2022 (265.14) to Dec. 2023 (16.86). It may suggest that MIC Electronics accelerated paying its suppliers.

MIC Electronics Days Payable Historical Data

The historical data trend for MIC Electronics'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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MIC Electronics Days Payable Chart

MIC Electronics Annual Data

Trend

Jun13

Mar15

Mar16

Mar17

Mar18

Mar19

Mar20

Mar21

Mar22

Mar23

Days Payable

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8,042.68

36,635.21

14,547.61

12.74

13.15

MIC Electronics Quarterly Data
	Mar19	Jun19	Sep19	Dec19	Mar20	Jun20	Sep20	Dec20	Mar21	Jun21	Sep21	Dec21	Mar22	Jun22	Sep22	Dec22	Mar23	Jun23	Sep23	Dec23
Days Payable	Get a 7-Day Free Trial															265.14	3.79	13.89	41.63	16.86

Competitive Comparison of MIC Electronics's Days Payable

For the Electronic Components subindustry, MIC Electronics'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.

MIC Electronics's Days Payable Distribution in the Hardware Industry

For the Hardware industry and Technology sector, MIC Electronics's Days Payable distribution charts can be found below:

* The bar in red indicates where MIC Electronics's Days Payable falls into.

MIC Electronics 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.

MIC Electronics'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
=	( (5.053	+	5.783)	/	2 )	/	150.355	*	365
=	5.418					/	150.355	*	365
=	13.15

MIC Electronics's Days Payable for the quarter that ended in Dec. 2023 is calculated as:

	Days Payable (Q: Dec. 2023 )
=	Average Accounts Payable					/	Cost of Goods Sold	*	Days in Period
=	( (Accounts Payable (Q: Sep. 2023 )	+	Accounts Payable (Q: Dec. 2023 ))	/	count )	/	Cost of Goods Sold (Q: Dec. 2023 )	*	Days in Period
=	( (20.3	+	0)	/	1 )	/	109.9	*	365 / 4
=	20.3					/	109.9	*	365 / 4
=	16.86

MIC Electronics Days Payable Related Terms

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MIC Electronics (NSE:MICEL) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Technology » Hardware » MIC Electronics Ltd (NSE:MICEL) » Definitions » Days Payable

Comparable Companies

Traded in Other Exchanges

532850:India

Address

Plot No. 192/B, Phase-II, IDA, Cherlapally, Rangareddi, Hyderabad, TG, IND, 500051

Website

https://www.mic.co.in

MIC Electronics Ltd designs, develops and manufactures light-emitting diode (LED) video displays, high-end electronic and telecommunication equipment, and development of telecom software. The operating segments of the group are LED products; Medical appliances and Automobiles. Its products include LED Lighting, LED Displays, Oxygen concentrators and Batteries. The group primarily derives revenue from India.

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