Galaxy Agrico Exports (BOM:531911) Days Payable : 18.39 (As of Dec. 2023)

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What is Galaxy Agrico Exports Days Payable?

Galaxy Agrico Exports's average Accounts Payable for the three months ended in Dec. 2023 was ₹5.13 Mil. Galaxy Agrico Exports's Cost of Goods Sold for the three months ended in Dec. 2023 was ₹25.47 Mil. Hence, Galaxy Agrico Exports's Days Payable for the three months ended in Dec. 2023 was 18.39.

The historical rank and industry rank for Galaxy Agrico Exports's Days Payable or its related term are showing as below:

BOM:531911' s Days Payable Range Over the Past 10 Years
Min: 14.52 Med: 37.69 Max: 139.63
Current: 14.69

During the past 13 years, Galaxy Agrico Exports's highest Days Payable was 139.63. The lowest was 14.52. And the median was 37.69.

BOM:531911's Days Payable is ranked worse than
96.89% of 2928 companies
in the Industrial Products industry
Industry Median: 76.5 vs BOM:531911: 14.69

Galaxy Agrico Exports's Days Payable increased from Dec. 2022 (0.00) to Dec. 2023 (18.39). It may suggest that Galaxy Agrico Exports delayed paying its suppliers.

Galaxy Agrico Exports Days Payable Historical Data

The historical data trend for Galaxy Agrico Exports'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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Galaxy Agrico Exports Days Payable Chart

Galaxy Agrico Exports Annual Data

Trend

Mar14

Mar15

Mar16

Mar17

Mar18

Mar19

Mar20

Mar21

Mar22

Mar23

Days Payable

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64.53

139.63

44.75

18.89

14.52

Galaxy Agrico Exports 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															-	3.52	-	2,661.29	18.39

Competitive Comparison of Galaxy Agrico Exports's Days Payable

For the Tools & Accessories subindustry, Galaxy Agrico Exports'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.

Galaxy Agrico Exports's Days Payable Distribution in the Industrial Products Industry

For the Industrial Products industry and Industrials sector, Galaxy Agrico Exports's Days Payable distribution charts can be found below:

* The bar in red indicates where Galaxy Agrico Exports's Days Payable falls into.

Galaxy Agrico Exports 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.

Galaxy Agrico Exports'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
=	( (1.511	+	1.491)	/	2 )	/	37.732	*	365
=	1.501					/	37.732	*	365
=	14.52

Galaxy Agrico Exports'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
=	( (5.133	+	0)	/	1 )	/	25.472	*	365 / 4
=	5.133					/	25.472	*	365 / 4
=	18.39

Galaxy Agrico Exports Days Payable Related Terms

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Galaxy Agrico Exports (BOM:531911) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Industrials » Industrial Products » Galaxy Agrico Exports Ltd (BOM:531911) » Definitions » Days Payable

Comparable Companies

Traded in Other Exchanges

N/A

Address

236, Jai kishan Indusrial Estate, Behind Murlidhar Weigh Bridge, Veraval (Shapar), Rajkot, GJ, IND, 360024

Website

https://www.galaxyagrico.com

Galaxy Agrico Exports Ltd is a manufacturer and exporter of agriculture, gardening, and industrial tools. It manufactures and sells forged rings in India. The company also trades in agricultural tools and equipment. The company manufactures products that include; Hoes, Picks & Mattocks, Shovels & Spades, Forks, Garden tools, Diggers, Cultivator blades, etc.

Galaxy Agrico Exports (BOM:531911) Headlines

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