GKB Ophthalmics (BOM:533212) Days Payable : 153.18 (As of Dec. 2023)

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What is GKB Ophthalmics Days Payable?

GKB Ophthalmics's average Accounts Payable for the three months ended in Dec. 2023 was ₹293.2 Mil. GKB Ophthalmics's Cost of Goods Sold for the three months ended in Dec. 2023 was ₹174.7 Mil. Hence, GKB Ophthalmics's Days Payable for the three months ended in Dec. 2023 was 153.18.

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

BOM:533212' s Days Payable Range Over the Past 10 Years
Min: 114.86 Med: 181.39 Max: 216.19
Current: 154.6

During the past 13 years, GKB Ophthalmics's highest Days Payable was 216.19. The lowest was 114.86. And the median was 181.39.

BOM:533212's Days Payable is ranked better than
78.02% of 787 companies
in the Medical Devices & Instruments industry
Industry Median: 72.72 vs BOM:533212: 154.60

GKB Ophthalmics's Days Payable declined from Dec. 2022 (197.92) to Dec. 2023 (153.18). It may suggest that GKB Ophthalmics accelerated paying its suppliers.

GKB Ophthalmics Days Payable Historical Data

The historical data trend for GKB Ophthalmics'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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GKB Ophthalmics Days Payable Chart

GKB Ophthalmics Annual Data

Trend

Mar14

Mar15

Mar16

Mar17

Mar18

Mar19

Mar20

Mar21

Mar22

Mar23

Days Payable

Get a 7-Day Free Trial

210.00

201.91

216.19

187.15

175.62

GKB Ophthalmics 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															197.92	121.37	148.95	201.62	153.18

Competitive Comparison of GKB Ophthalmics's Days Payable

For the Medical Instruments & Supplies subindustry, GKB Ophthalmics'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.

GKB Ophthalmics's Days Payable Distribution in the Medical Devices & Instruments Industry

For the Medical Devices & Instruments industry and Healthcare sector, GKB Ophthalmics's Days Payable distribution charts can be found below:

* The bar in red indicates where GKB Ophthalmics's Days Payable falls into.

GKB Ophthalmics 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.

GKB Ophthalmics'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
=	( (255.655	+	237.938)	/	2 )	/	512.939	*	365
=	246.7965					/	512.939	*	365
=	175.62

GKB Ophthalmics'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
=	( (293.247	+	0)	/	1 )	/	174.689	*	365 / 4
=	293.247					/	174.689	*	365 / 4
=	153.18

GKB Ophthalmics Days Payable Related Terms

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GKB Ophthalmics (BOM:533212) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Healthcare » Medical Devices & Instruments » GKB Ophthalmics Ltd (BOM:533212) » Definitions » Days Payable

Comparable Companies

Traded in Other Exchanges

N/A

Address

16-A, Tivim Industrial Estate, Mapusa, GA, IND, 403 526

Website

https://www.gkb.net

GKB Ophthalmics Ltd is an India-based company engaged in manufacturing and exporting ophthalmics lenses. It manufactures glass and plastic lenses both semi-finished and finished forms. The other products of the company include Organic lenses, Glass moulds, and Bifocal moulds. The company sells its products in India and also exports globally. Geographically, the majority of its revenue is generated from outside of India.

GKB Ophthalmics (BOM:533212) Headlines

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