India Gelatine & Chemicals (BOM:531253) Days Payable : 32.30 (As of Mar. 2024)

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What is India Gelatine & Chemicals Days Payable?

India Gelatine & Chemicals's average Accounts Payable for the three months ended in Mar. 2024 was ₹84 Mil. India Gelatine & Chemicals's Cost of Goods Sold for the three months ended in Mar. 2024 was ₹237 Mil. Hence, India Gelatine & Chemicals's Days Payable for the three months ended in Mar. 2024 was 32.30.

The historical rank and industry rank for India Gelatine & Chemicals's Days Payable or its related term are showing as below:

BOM:531253' s Days Payable Range Over the Past 10 Years
Min: 23.23 Med: 31.26 Max: 49.33
Current: 49.33

During the past 13 years, India Gelatine & Chemicals's highest Days Payable was 49.33. The lowest was 23.23. And the median was 31.26.

BOM:531253's Days Payable is ranked worse than
61.83% of 1501 companies
in the Chemicals industry
Industry Median: 60.45 vs BOM:531253: 49.33

India Gelatine & Chemicals's Days Payable declined from Mar. 2023 (59.89) to Mar. 2024 (32.30). It may suggest that India Gelatine & Chemicals accelerated paying its suppliers.

India Gelatine & Chemicals Days Payable Historical Data

The historical data trend for India Gelatine & Chemicals'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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India Gelatine & Chemicals Days Payable Chart

India Gelatine & Chemicals Annual Data

Trend

Mar15

Mar16

Mar17

Mar18

Mar19

Mar20

Mar21

Mar22

Mar23

Mar24

Days Payable

Get a 7-Day Free Trial

31.53

30.31

27.45

47.69

47.04

India Gelatine & Chemicals 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															59.89	53.42	63.34	56.25	32.30

Competitive Comparison of India Gelatine & Chemicals's Days Payable

For the Specialty Chemicals subindustry, India Gelatine & Chemicals'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.

India Gelatine & Chemicals's Days Payable Distribution in the Chemicals Industry

For the Chemicals industry and Basic Materials sector, India Gelatine & Chemicals's Days Payable distribution charts can be found below:

* The bar in red indicates where India Gelatine & Chemicals's Days Payable falls into.

India Gelatine & Chemicals 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.

India Gelatine & Chemicals'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
=	( (141.051	+	84.037)	/	2 )	/	873.287	*	365
=	112.544					/	873.287	*	365
=	47.04

India Gelatine & Chemicals'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	+	84.037)	/	1 )	/	237.378	*	365 / 4
=	84.037					/	237.378	*	365 / 4
=	32.30

India Gelatine & Chemicals Days Payable Related Terms

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India Gelatine & Chemicals (BOM:531253) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Basic Materials » Chemicals » India Gelatine & Chemicals Ltd (BOM:531253) » Definitions » Days Payable

Comparable Companies

Traded in Other Exchanges

N/A

Address

77/78, Mittal Chambers, 228, Nariman Point, Mumbai, MH, IND, 400021

Website

https://www.indiagelatine.com

India Gelatine & Chemicals Ltd manufactures Ossein and Gelatine-based products. The company's activities include extraction, purification, evaporation, drying, grinding, sieving, and blending of gelatine. Its products include Edible Gelatine, Photographic Gelatine, Technical Gelatine, and Pharmaceutical Gelatine. The group derives revenue from India, Far East, Europe, and other regions, of which a majority of revenue is derived within India.

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