NDR Auto Components (NSE:NDRAUTO) Days Payable : 65.14 (As of Dec. 2023)

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What is NDR Auto Components Days Payable?

NDR Auto Components's average Accounts Payable for the three months ended in Dec. 2023 was ₹769 Mil. NDR Auto Components's Cost of Goods Sold for the three months ended in Dec. 2023 was ₹1,077 Mil. Hence, NDR Auto Components's Days Payable for the three months ended in Dec. 2023 was 65.14.

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

NSE:NDRAUTO' s Days Payable Range Over the Past 10 Years
Min: 60.69 Med: 85.94 Max: 107.84
Current: 60.69

During the past 5 years, NDR Auto Components's highest Days Payable was 107.84. The lowest was 60.69. And the median was 85.94.

NSE:NDRAUTO's Days Payable is ranked worse than
54.29% of 1258 companies
in the Vehicles & Parts industry
Industry Median: 65.895 vs NSE:NDRAUTO: 60.69

NDR Auto Components's Days Payable declined from Dec. 2022 (74.95) to Dec. 2023 (65.14). It may suggest that NDR Auto Components accelerated paying its suppliers.

NDR Auto Components Days Payable Historical Data

The historical data trend for NDR Auto Components'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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NDR Auto Components Days Payable Chart

NDR Auto Components Annual Data

Trend

Mar19

Mar20

Mar21

Mar22

Mar23

Days Payable

94.67

107.84

77.20

69.32

NDR Auto Components Quarterly Data
	Mar19	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													74.95	63.29	69.17	57.63	65.14

Competitive Comparison of NDR Auto Components's Days Payable

For the Auto Parts subindustry, NDR Auto Components'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.

NDR Auto Components's Days Payable Distribution in the Vehicles & Parts Industry

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

* The bar in red indicates where NDR Auto Components's Days Payable falls into.

NDR Auto Components 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.

NDR Auto Components'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
=	( (406.98	+	741.87)	/	2 )	/	3024.816	*	365
=	574.425					/	3024.816	*	365
=	69.32

NDR Auto Components'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
=	( (768.653	+	0)	/	1 )	/	1076.727	*	365 / 4
=	768.653					/	1076.727	*	365 / 4
=	65.14

NDR Auto Components Days Payable Related Terms

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NDR Auto Components (NSE:NDRAUTO) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Consumer Cyclical » Vehicles & Parts » NDR Auto Components Ltd (NSE:NDRAUTO) » Definitions » Days Payable

Comparable Companies

Traded in Other Exchanges

543214:India

Address

Plot No.1, Maruti Joint Venture Complex, Gurugram, HR, IND, 122015

Website

https://www.ndrauto.com

NDR Auto Components Ltd is a manufacturer of seat frames and seat trims for passenger and utility vehicles. The company's product range includes seat frames and trims for a four-wheeler, two-wheeler, and BIW Parts. Geographically, the company operates only in India.

NDR Auto Components (NSE:NDRAUTO) Headlines

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