Gayatri Rubbers and Chemicals (NSE:GRCL) Days Payable : 6.52 (As of Mar. 2023)

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What is Gayatri Rubbers and Chemicals Days Payable?

Gayatri Rubbers and Chemicals's average Accounts Payable for the six months ended in Mar. 2023 was ₹3.4 Mil. Gayatri Rubbers and Chemicals's Cost of Goods Sold for the six months ended in Mar. 2023 was ₹192.7 Mil. Hence, Gayatri Rubbers and Chemicals's Days Payable for the six months ended in Mar. 2023 was 3.26.

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

NSE:GRCL' s Days Payable Range Over the Past 10 Years
Min: 6.52 Med: 79.28 Max: 347.57
Current: 6.52

During the past 4 years, Gayatri Rubbers and Chemicals's highest Days Payable was 347.57. The lowest was 6.52. And the median was 79.28.

NSE:GRCL's Days Payable is ranked worse than
98.54% of 1504 companies
in the Chemicals industry
Industry Median: 61.065 vs NSE:GRCL: 6.52

Gayatri Rubbers and Chemicals's Days Payable declined from Mar. 2021 (113.15) to Mar. 2023 (6.52). It may suggest that Gayatri Rubbers and Chemicals accelerated paying its suppliers.

Gayatri Rubbers and Chemicals Days Payable Historical Data

The historical data trend for Gayatri Rubbers and Chemicals'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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Gayatri Rubbers and Chemicals Days Payable Chart

Gayatri Rubbers and Chemicals Annual Data

Trend

Mar20

Mar21

Mar22

Mar23

Days Payable

347.57

113.15

45.41

6.52

Gayatri Rubbers and Chemicals Semi-Annual Data
	Mar20	Mar21	Mar22	Mar23
Days Payable	347.57	113.15	45.41	6.52

Competitive Comparison of Gayatri Rubbers and Chemicals's Days Payable

For the Specialty Chemicals subindustry, Gayatri Rubbers and Chemicals'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.

Gayatri Rubbers and Chemicals's Days Payable Distribution in the Chemicals Industry

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

* The bar in red indicates where Gayatri Rubbers and Chemicals's Days Payable falls into.

Gayatri Rubbers and Chemicals 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.

Gayatri Rubbers and Chemicals'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
=	( (2.142	+	4.743)	/	2 )	/	192.67	*	365
=	3.4425					/	192.67	*	365
=	6.52

Gayatri Rubbers and Chemicals's Days Payable for the quarter that ended in Mar. 2023 is calculated as:

	Days Payable (Q: Mar. 2023 )
=	Average Accounts Payable					/	Cost of Goods Sold	*	Days in Period
=	( (Accounts Payable (Q: Mar. 2022 )	+	Accounts Payable (Q: Mar. 2023 ))	/	count )	/	Cost of Goods Sold (Q: Mar. 2023 )	*	Days in Period
=	( (2.142	+	4.743)	/	2 )	/	192.67	*	365 / 2
=	3.4425					/	192.67	*	365 / 2
=	3.26

Gayatri Rubbers and Chemicals Days Payable Related Terms

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Gayatri Rubbers and Chemicals (NSE:GRCL) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Basic Materials » Chemicals » Gayatri Rubbers and Chemicals Ltd (NSE:GRCL) » Definitions » Days Payable

Comparable Companies

Traded in Other Exchanges

N/A

Address

Malerna Road, Plot No. 11, Gali No. 3, Opposite Beri ka Bagh, Ballabgarh, Faridabad, HR, IND, 121004

Website

https://www.gayatrirubberchemicals.com

Gayatri Rubbers and Chemicals Ltd is engaged in manufacturing and trading rubber products. The company's product portfolio includes Aluminium rubber profiles, Automobile rubber profiles, Sponge rubber components, Clear PVC profiles, Industrial rubber, and Railway sector rubber. Geographically, the company operates within India.