Dr Reddy's Laboratories (Dr Reddy's Laboratories) Days Payable : 93.96 (As of Dec. 2023)

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What is Dr Reddy's Laboratories Days Payable?

Dr Reddy's Laboratories's average Accounts Payable for the three months ended in Dec. 2023 was $370 Mil. Dr Reddy's Laboratories's Cost of Goods Sold for the three months ended in Dec. 2023 was $360 Mil. Hence, Dr Reddy's Laboratories's Days Payable for the three months ended in Dec. 2023 was 93.96.

The historical rank and industry rank for Dr Reddy's Laboratories's Days Payable or its related term are showing as below:

RDY' s Days Payable Range Over the Past 10 Years
Min: 47.65 Med: 50.85 Max: 85.89
Current: 85.89

During the past 13 years, Dr Reddy's Laboratories's highest Days Payable was 85.89. The lowest was 47.65. And the median was 50.85.

RDY's Days Payable is ranked worse than
50.56% of 979 companies
in the Drug Manufacturers industry
Industry Median: 86.3 vs RDY: 85.89

Dr Reddy's Laboratories's Days Payable increased from Dec. 2022 (81.69) to Dec. 2023 (93.96). It may suggest that Dr Reddy's Laboratories delayed paying its suppliers.

Dr Reddy's Laboratories Days Payable Historical Data

The historical data trend for Dr Reddy's Laboratories'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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Dr Reddy's Laboratories Days Payable Chart

Dr Reddy's Laboratories Annual Data

Trend

Mar14

Mar15

Mar16

Mar17

Mar18

Mar19

Mar20

Mar21

Mar22

Mar23

Days Payable

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52.18

49.35

48.85

53.10

60.13

Dr Reddy's Laboratories 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															81.69	74.12	74.64	93.79	93.96

Competitive Comparison of Dr Reddy's Laboratories's Days Payable

For the Drug Manufacturers - Specialty & Generic subindustry, Dr Reddy's Laboratories'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.

Dr Reddy's Laboratories's Days Payable Distribution in the Drug Manufacturers Industry

For the Drug Manufacturers industry and Healthcare sector, Dr Reddy's Laboratories's Days Payable distribution charts can be found below:

* The bar in red indicates where Dr Reddy's Laboratories's Days Payable falls into.

Dr Reddy's Laboratories 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.

Dr Reddy's Laboratories'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
=	( (209.622	+	217.063)	/	2 )	/	1295.011	*	365
=	213.3425					/	1295.011	*	365
=	60.13

Dr Reddy's Laboratories'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
=	( (366.98	+	373.712)	/	2 )	/	359.682	*	365 / 4
=	370.346					/	359.682	*	365 / 4
=	93.96

Dr Reddy's Laboratories Days Payable Related Terms

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Dr Reddy's Laboratories (Dr Reddy's Laboratories) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Healthcare » Drug Manufacturers » Dr Reddy's Laboratories Ltd (NYSE:RDY) » Definitions » Days Payable

Traded in Other Exchanges

DRREDDY:India 500124:India RDDA:Germany RDDA:Germany R1DY34:Brazil

Address

8-2-337, Road No. 3, Banjara Hills, Hyderabad, TG, IND, 500 034

Website

https://www.drreddys.com

Dr. Reddy's is one of the largest generic drug manufacturers in the world. It has a significant presence in North America, a region that makes up roughly half of its generics sales, and it services India (22% of its generics sales), Russia (12%), and certain European and Latin American countries. Beyond simple generics, Dr. Reddy's also has a solid portfolio of injectables which make up 25% of its North America sales. In branded generic markets like India, Dr. Reddy's has established a compelling presence with its strong brand name and earned a top five spot in key therapeutic areas including oncology and gastroenterology. Dr. Reddy's also has an active pharmaceutical ingredient business that manufactures over 150 APIs and sells in over 75 countries.