Coromandel International (BOM:506395) Days Payable : 173.43 (As of Mar. 2024)

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What is Coromandel International Days Payable?

Coromandel International's average Accounts Payable for the three months ended in Mar. 2024 was ₹53,606 Mil. Coromandel International's Cost of Goods Sold for the three months ended in Mar. 2024 was ₹28,204 Mil. Hence, Coromandel International's Days Payable for the three months ended in Mar. 2024 was 173.43.

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

BOM:506395' s Days Payable Range Over the Past 10 Years
Min: 64.26 Med: 110.97 Max: 141.95
Current: 109.89

During the past 13 years, Coromandel International's highest Days Payable was 141.95. The lowest was 64.26. And the median was 110.97.

BOM:506395's Days Payable is ranked better than
65.53% of 235 companies
in the Agriculture industry
Industry Median: 74.72 vs BOM:506395: 109.89

Coromandel International's Days Payable increased from Mar. 2023 (114.44) to Mar. 2024 (173.43). It may suggest that Coromandel International delayed paying its suppliers.

Coromandel International Days Payable Historical Data

The historical data trend for Coromandel International'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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Coromandel International Days Payable Chart

Coromandel International Annual Data

Trend

Mar15

Mar16

Mar17

Mar18

Mar19

Mar20

Mar21

Mar22

Mar23

Mar24

Days Payable

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141.95

116.75

86.85

71.74

118.19

Coromandel International Quarterly Data
	Jun19	Sep19	Dec19	Mar20	Jun20	Sep20	Dec20	Mar21	Jun21	Sep21	Dec21	Mar22	Jun22	Sep22	Dec22	Mar23	Jun23	Sep23	Dec23	Mar24
Days Payable	Get a 7-Day Free Trial															114.44	114.93	75.11	88.89	173.43

Competitive Comparison of Coromandel International's Days Payable

For the Agricultural Inputs subindustry, Coromandel International'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.

Coromandel International's Days Payable Distribution in the Agriculture Industry

For the Agriculture industry and Basic Materials sector, Coromandel International's Days Payable distribution charts can be found below:

* The bar in red indicates where Coromandel International's Days Payable falls into.

Coromandel International 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.

Coromandel International'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
=	( (53137.7	+	53606.4)	/	2 )	/	164823.4	*	365
=	53372.05					/	164823.4	*	365
=	118.19

Coromandel International'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	+	53606.4)	/	1 )	/	28204.4	*	365 / 4
=	53606.4					/	28204.4	*	365 / 4
=	173.43

Coromandel International Days Payable Related Terms

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Coromandel International (BOM:506395) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Basic Materials » Agriculture » Coromandel International Ltd (BOM:506395) » Definitions » Days Payable

Comparable Companies

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COROMANDEL:India

Address

1-2-10, Sardar Patel Road, Coromandel House, Secunderabad, TG, IND, 500003

Website

https://www.coromandel.biz

Coromandel International Ltd manufactures and sells fertilizers and crop protection chemicals to the agriculture industry. The firm's revenue is generated in India, but the company also derives revenue in Latin America and Africa. The company's main product lines consist of organic manure, specialty nutrients that include water soluble fertilizers, and single super phosphate fertilizers. Coromandel's primary brands include Gromor Suraksha and Godavari fertilizers. The firm also owns and operates retail outlets known as Mana Grormor Centers.

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