Atul (NSE:ATUL) Days Payable : 86.78 (As of Mar. 2024)

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What is Atul Days Payable?

Atul's average Accounts Payable for the three months ended in Mar. 2024 was ₹5,793 Mil. Atul's Cost of Goods Sold for the three months ended in Mar. 2024 was ₹6,091 Mil. Hence, Atul's Days Payable for the three months ended in Mar. 2024 was 86.78.

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

NSE:ATUL' s Days Payable Range Over the Past 10 Years
Min: 70.82 Med: 78.91 Max: 108.53
Current: 80.95

During the past 13 years, Atul's highest Days Payable was 108.53. The lowest was 70.82. And the median was 78.91.

NSE:ATUL's Days Payable is ranked better than
66.4% of 1503 companies
in the Chemicals industry
Industry Median: 60.89 vs NSE:ATUL: 80.95

Atul's Days Payable increased from Mar. 2023 (75.90) to Mar. 2024 (86.78). It may suggest that Atul delayed paying its suppliers.

Atul Days Payable Historical Data

The historical data trend for Atul'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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Atul Days Payable Chart

Atul Annual Data

Trend

Mar15

Mar16

Mar17

Mar18

Mar19

Mar20

Mar21

Mar22

Mar23

Mar24

Days Payable

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77.15

108.53

82.48

74.76

81.26

Atul 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															75.90	77.70	75.53	83.83	86.78

Competitive Comparison of Atul's Days Payable

For the Specialty Chemicals subindustry, Atul'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.

Atul's Days Payable Distribution in the Chemicals Industry

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

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

Atul 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.

Atul'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
=	( (5385.1	+	5793.1)	/	2 )	/	25105.4	*	365
=	5589.1					/	25105.4	*	365
=	81.26

Atul'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	+	5793.1)	/	1 )	/	6091.4	*	365 / 4
=	5793.1					/	6091.4	*	365 / 4
=	86.78

Atul Days Payable Related Terms

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Atul (NSE:ATUL) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Basic Materials » Chemicals » Atul Ltd (NSE:ATUL) » Definitions » Days Payable

Comparable Companies

Traded in Other Exchanges

500027:India

Address

Atul, Ahmedabad, GJ, IND, 396020

Website

https://www.atul.co.in

Atul Ltd manufactures and sells a variety of chemicals and chemical-based products. The firm's two segments are based on product type. The Performance and other chemicals segment, which generates the majority of revenue, sells aromatics used in fragrances and personal-care products, bulk chemicals, and intermediates used in the production of cosmetics and automobile tires. The segment also sells chemicals used in textile dyes and plastic polymers used in airplanes and automobiles. The Life science chemicals segment sells crop protection products including herbicides, insecticides, and fungicides. The segment also sells pharmaceuticals used to treat depression, diabetes, infections, and cardiovascular diseases. Around half of the company's revenue comes from India.

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