Everest Kanto Cylinder (NSE:EKC) Days Payable : 22.84 (As of Dec. 2023)

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What is Everest Kanto Cylinder Days Payable?

Everest Kanto Cylinder's average Accounts Payable for the three months ended in Dec. 2023 was ₹433 Mil. Everest Kanto Cylinder's Cost of Goods Sold for the three months ended in Dec. 2023 was ₹1,728 Mil. Hence, Everest Kanto Cylinder's Days Payable for the three months ended in Dec. 2023 was 22.84.

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

NSE:EKC' s Days Payable Range Over the Past 10 Years
Min: 26.78 Med: 50.93 Max: 74.86
Current: 26.78

During the past 13 years, Everest Kanto Cylinder's highest Days Payable was 74.86. The lowest was 26.78. And the median was 50.93.

NSE:EKC's Days Payable is ranked worse than
91.31% of 2936 companies
in the Industrial Products industry
Industry Median: 76.765 vs NSE:EKC: 26.78

Everest Kanto Cylinder's Days Payable declined from Dec. 2022 (35.96) to Dec. 2023 (22.84). It may suggest that Everest Kanto Cylinder accelerated paying its suppliers.

Everest Kanto Cylinder Days Payable Historical Data

The historical data trend for Everest Kanto Cylinder'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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Everest Kanto Cylinder Days Payable Chart

Everest Kanto Cylinder Annual Data

Trend

Mar14

Mar15

Mar16

Mar17

Mar18

Mar19

Mar20

Mar21

Mar22

Mar23

Days Payable

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39.83

47.07

44.36

30.03

32.97

Everest Kanto Cylinder 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															35.96	19.02	36.67	25.40	22.84

Competitive Comparison of Everest Kanto Cylinder's Days Payable

For the Specialty Industrial Machinery subindustry, Everest Kanto Cylinder'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.

Everest Kanto Cylinder's Days Payable Distribution in the Industrial Products Industry

For the Industrial Products industry and Industrials sector, Everest Kanto Cylinder's Days Payable distribution charts can be found below:

* The bar in red indicates where Everest Kanto Cylinder's Days Payable falls into.

Everest Kanto Cylinder 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.

Everest Kanto Cylinder'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
=	( (981.05	+	565.236)	/	2 )	/	8558.326	*	365
=	773.143					/	8558.326	*	365
=	32.97

Everest Kanto Cylinder'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
=	( (432.6	+	0)	/	1 )	/	1728.4	*	365 / 4
=	432.6					/	1728.4	*	365 / 4
=	22.84

Everest Kanto Cylinder Days Payable Related Terms

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Everest Kanto Cylinder (NSE:EKC) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Industrials » Industrial Products » Everest Kanto Cylinder Ltd (NSE:EKC) » Definitions » Days Payable

Comparable Companies

Traded in Other Exchanges

532684:India

Address

Free Press Journal Marg, 204, Raheja Centre, 214, Nariman Point, Mumbai, MH, IND, 400021

Website

https://www.everestkanto.com

Everest Kanto Cylinder Ltd manufactures and fabricates metal products, except machinery and equipment. The firm is also engaged in the manufacture of high-pressure seamless gas cylinders and other cylinders, equipment, appliances, and tanks with their parts and accessories used for containing and storage of liquefied petroleum gases and other gases, liquids, and air. Its products include Industrial Cylinders, Billet Cylinder, Plate Cylinder, compressed natural gas (CNG) Cylinders, Breathing Air Cylinder, Medical Cylinders, Beverage Cylinders, and Accumulators. The company also offers a range of allied products, such as Cylinder Valves, Valve Protection Guards; Protection Caps, Trolleys, Medical Equipment, seamless cylinders for fire-fighting. Most of its revenue comes from India.

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