Gagan Gases (BOM:524624) Days Payable : 1.21 (As of Dec. 2023)

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What is Gagan Gases Days Payable?

Gagan Gases's average Accounts Payable for the three months ended in Dec. 2023 was ₹0.05 Mil. Gagan Gases's Cost of Goods Sold for the three months ended in Dec. 2023 was ₹3.85 Mil. Hence, Gagan Gases's Days Payable for the three months ended in Dec. 2023 was 1.21.

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

BOM:524624' s Days Payable Range Over the Past 10 Years
Min: 0.7 Med: 5.03 Max: 37.36
Current: 12.26

During the past 13 years, Gagan Gases's highest Days Payable was 37.36. The lowest was 0.70. And the median was 5.03.

BOM:524624's Days Payable is ranked worse than
92.01% of 901 companies
in the Oil & Gas industry
Industry Median: 59.19 vs BOM:524624: 12.26

Gagan Gases's Days Payable declined from Dec. 2022 (46.33) to Dec. 2023 (1.21). It may suggest that Gagan Gases accelerated paying its suppliers.

Gagan Gases Days Payable Historical Data

The historical data trend for Gagan Gases'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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Gagan Gases Days Payable Chart

Gagan Gases Annual Data

Trend

Mar14

Mar15

Mar16

Mar17

Mar18

Mar19

Mar20

Mar21

Mar22

Mar23

Days Payable

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11.45

2.50

1.34

0.70

1.20

Gagan Gases 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															46.33	1.95	2.89	1.31	1.21

Competitive Comparison of Gagan Gases's Days Payable

For the Oil & Gas Refining & Marketing subindustry, Gagan Gases'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.

Gagan Gases's Days Payable Distribution in the Oil & Gas Industry

For the Oil & Gas industry and Energy sector, Gagan Gases's Days Payable distribution charts can be found below:

* The bar in red indicates where Gagan Gases's Days Payable falls into.

Gagan Gases 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.

Gagan Gases'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
=	( (0.042	+	0.061)	/	2 )	/	15.661	*	365
=	0.0515					/	15.661	*	365
=	1.20

Gagan Gases'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
=	( (0.051	+	0)	/	1 )	/	3.851	*	365 / 4
=	0.051					/	3.851	*	365 / 4
=	1.21

Gagan Gases Days Payable Related Terms

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Gagan Gases (BOM:524624) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Energy » Oil & Gas » Gagan Gases Ltd (BOM:524624) » Definitions » Days Payable

Comparable Companies

Traded in Other Exchanges

N/A

Address

Plot no 40, Scheme No 78, Part 2, Vijaynagar, Indore, MP, IND, 452010

Website

http://www.gagangases.com

Gagan Gases Ltd is an India-based company engaged in the distribution of LPG in the private sector in Madhya Pradesh and operates LPG Bottling Plant at Pithampur. It is also engaged in the marketing of Lubricants and Industrial products.

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