Indian Renewable Energy Development Agency (BOM:544026) Days Payable : 0.77 (As of Mar. 2024)

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What is Indian Renewable Energy Development Agency Days Payable?

Indian Renewable Energy Development Agency's average Accounts Payable for the three months ended in Mar. 2024 was ₹73 Mil. Indian Renewable Energy Development Agency's Cost of Goods Sold for the three months ended in Mar. 2024 was ₹8,663 Mil. Hence, Indian Renewable Energy Development Agency's Days Payable for the three months ended in Mar. 2024 was 0.77.

The historical rank and industry rank for Indian Renewable Energy Development Agency's Days Payable or its related term are showing as below:

BOM:544026' s Days Payable Range Over the Past 10 Years
Min: 0.66 Med: 2.01 Max: 5.46
Current: 2.29

During the past 4 years, Indian Renewable Energy Development Agency's highest Days Payable was 5.46. The lowest was 0.66. And the median was 2.01.

BOM:544026's Days Payable is ranked worse than
94.01% of 284 companies
in the Credit Services industry
Industry Median: 48.71 vs BOM:544026: 2.29

Indian Renewable Energy Development Agency's Days Payable increased from Mar. 2023 (0.63) to Mar. 2024 (0.77). It may suggest that Indian Renewable Energy Development Agency delayed paying its suppliers.

Indian Renewable Energy Development Agency Days Payable Historical Data

The historical data trend for Indian Renewable Energy Development Agency'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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Indian Renewable Energy Development Agency Days Payable Chart

Indian Renewable Energy Development Agency Annual Data

Trend

Mar21

Mar22

Mar23

Mar24

Days Payable

5.46

3.23

0.78

0.66

Indian Renewable Energy Development Agency Quarterly Data
	Mar21	Mar22	Sep22	Dec22	Mar23	Jun23	Sep23	Dec23	Mar24
Days Payable	Get a 7-Day Free Trial				0.63	2.39	3.90	4.02	0.77

Competitive Comparison of Indian Renewable Energy Development Agency's Days Payable

For the Credit Services subindustry, Indian Renewable Energy Development Agency'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.

Indian Renewable Energy Development Agency's Days Payable Distribution in the Credit Services Industry

For the Credit Services industry and Financial Services sector, Indian Renewable Energy Development Agency's Days Payable distribution charts can be found below:

* The bar in red indicates where Indian Renewable Energy Development Agency's Days Payable falls into.

Indian Renewable Energy Development Agency 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.

Indian Renewable Energy Development Agency'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
=	( (44.86	+	73.033)	/	2 )	/	32354.207	*	365
=	58.9465					/	32354.207	*	365
=	0.66

Indian Renewable Energy Development Agency'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	+	73.033)	/	1 )	/	8662.84	*	365 / 4
=	73.033					/	8662.84	*	365 / 4
=	0.77

Indian Renewable Energy Development Agency Days Payable Related Terms

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Indian Renewable Energy Development Agency (BOM:544026) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Financial Services » Credit Services » Indian Renewable Energy Development Agency Ltd (BOM:544026) » Definitions » Days Payable

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Traded in Other Exchanges

IREDA:India

Address

August Kranti Bhavan, 3rd Floor, Bhikaji Cama Place, New Delhi, IND, 110066

Website

https://www.ireda.in

Indian Renewable Energy Development Agency Ltd is a wholly owned Government of India (GoI) enterprise under the administrative control of the Ministry of New and Renewable Energy. It is a financial institution with over 36 years of experience in the business of promoting, developing and extending financial assistance for new and renewable energy (RE) projects, and energy efficiency and conservation (EEC) projects. It provides a comprehensive range of financial products and related services, from project conceptualization to post-commissioning, for RE projects and other value chain activities, such as equipment manufacturing and transmission.

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