MMP Industries (NSE:MMP) Days Payable : 15.70 (As of Dec. 2023)

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What is MMP Industries Days Payable?

MMP Industries's average Accounts Payable for the three months ended in Dec. 2023 was ₹185 Mil. MMP Industries's Cost of Goods Sold for the three months ended in Dec. 2023 was ₹1,073 Mil. Hence, MMP Industries's Days Payable for the three months ended in Dec. 2023 was 15.70.

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

NSE:MMP' s Days Payable Range Over the Past 10 Years
Min: 13.29 Med: 23.93 Max: 55.09
Current: 13.29

During the past 11 years, MMP Industries's highest Days Payable was 55.09. The lowest was 13.29. And the median was 23.93.

NSE:MMP's Days Payable is ranked worse than
95.79% of 1068 companies
in the Metals & Mining industry
Industry Median: 129.525 vs NSE:MMP: 13.29

MMP Industries's Days Payable increased from Dec. 2022 (13.92) to Dec. 2023 (15.70). It may suggest that MMP Industries delayed paying its suppliers.

MMP Industries Days Payable Historical Data

The historical data trend for MMP Industries'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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MMP Industries Days Payable Chart

MMP Industries Annual Data

Trend

Mar14

Mar15

Mar16

Mar17

Mar18

Mar19

Mar20

Mar21

Mar22

Mar23

Days Payable

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22.34

25.41

27.63

17.79

15.56

MMP Industries 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															13.92	11.39	13.28	16.97	15.70

Competitive Comparison of MMP Industries's Days Payable

For the Aluminum subindustry, MMP Industries'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.

MMP Industries's Days Payable Distribution in the Metals & Mining Industry

For the Metals & Mining industry and Basic Materials sector, MMP Industries's Days Payable distribution charts can be found below:

* The bar in red indicates where MMP Industries's Days Payable falls into.

MMP Industries 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.

MMP Industries'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
=	( (213.423	+	176.041)	/	2 )	/	4567.492	*	365
=	194.732					/	4567.492	*	365
=	15.56

MMP Industries'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
=	( (184.567	+	0)	/	1 )	/	1073.016	*	365 / 4
=	184.567					/	1073.016	*	365 / 4
=	15.70

MMP Industries Days Payable Related Terms

Thank you for viewing the detailed overview of MMP Industries's Days Payable provided by GuruFocus.com. Please click on the following links to see related term pages.

MMP Industries (NSE:MMP) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Basic Materials » Metals & Mining » MMP Industries Ltd (NSE:MMP) » Definitions » Days Payable

Traded in Other Exchanges

N/A

Address

B-24, Hingna Road, MIDC Area, Hingna Industrial Estate, Hingna, Nagpur, MH, IND, 440016

Website

https://www.mmpil.com

MMP Industries Ltd is an Indian company engaged in manufacturing aluminum powders, aluminum pastes, and aluminum conductors. The products of the company are used in the construction industry. Its segments are Aluminium Powder and Paste; Aluminium Foil, Aluminium Conductor and Others. The business is spread across Europe, the Middle East, Africa and the Asia Pacific. The company generates the majority of its revenue from the Aluminium Powder and Paste segment.