Apollo Tyres (NSE:APOLLOTYRE) Days Payable : 82.30 (As of Mar. 2024)

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What is Apollo Tyres Days Payable?

Apollo Tyres's average Accounts Payable for the three months ended in Mar. 2024 was ₹29,786 Mil. Apollo Tyres's Cost of Goods Sold for the three months ended in Mar. 2024 was ₹33,024 Mil. Hence, Apollo Tyres's Days Payable for the three months ended in Mar. 2024 was 82.30.

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

NSE:APOLLOTYRE' s Days Payable Range Over the Past 10 Years
Min: 43.04 Med: 82.46 Max: 98.17
Current: 81.29

During the past 13 years, Apollo Tyres's highest Days Payable was 98.17. The lowest was 43.04. And the median was 82.46.

NSE:APOLLOTYRE's Days Payable is ranked better than
62.03% of 1259 companies
in the Vehicles & Parts industry
Industry Median: 65.85 vs NSE:APOLLOTYRE: 81.29

Apollo Tyres's Days Payable declined from Mar. 2023 (86.52) to Mar. 2024 (82.30). It may suggest that Apollo Tyres accelerated paying its suppliers.

Apollo Tyres Days Payable Historical Data

The historical data trend for Apollo Tyres'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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Apollo Tyres Days Payable Chart

Apollo Tyres Annual Data

Trend

Mar15

Mar16

Mar17

Mar18

Mar19

Mar20

Mar21

Mar22

Mar23

Mar24

Days Payable

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86.79

98.17

92.37

85.84

84.58

Apollo Tyres 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															86.52	89.17	74.82	72.55	82.30

Competitive Comparison of Apollo Tyres's Days Payable

For the Auto Parts subindustry, Apollo Tyres'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.

Apollo Tyres's Days Payable Distribution in the Vehicles & Parts Industry

For the Vehicles & Parts industry and Consumer Cyclical sector, Apollo Tyres's Days Payable distribution charts can be found below:

* The bar in red indicates where Apollo Tyres's Days Payable falls into.

Apollo Tyres 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.

Apollo Tyres'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
=	( (33538.5	+	29786.48)	/	2 )	/	136631.09	*	365
=	31662.49					/	136631.09	*	365
=	84.58

Apollo Tyres'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	+	29786.48)	/	1 )	/	33024.2	*	365 / 4
=	29786.48					/	33024.2	*	365 / 4
=	82.30

Apollo Tyres Days Payable Related Terms

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Apollo Tyres (NSE:APOLLOTYRE) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Consumer Cyclical » Vehicles & Parts » Apollo Tyres Ltd (NSE:APOLLOTYRE) » Definitions » Days Payable

Traded in Other Exchanges

500877:India

Address

Apollo House, 7 Institutional Area, Sector 32, Gurugram, HR, IND, 122001

Website

https://www.apollotyres.com

Apollo Tyres Ltd manufactures and sells tires. The company's geographical segments are the Asia Pacific, the Middle East, Africa, Europe, and Others. The firm's two key brands are Apollo and Vredestein. The product portfolio comprises tires for Passenger, Commercial, Off-highway vehicles, and Two-wheelers.

Apollo Tyres (NSE:APOLLOTYRE) Headlines

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