Patel Engineering (NSE:PATELENG) Days Payable : 177.28 (As of Mar. 2024)

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What is Patel Engineering Days Payable?

Patel Engineering's average Accounts Payable for the three months ended in Mar. 2024 was ₹18,641 Mil. Patel Engineering's Cost of Goods Sold for the three months ended in Mar. 2024 was ₹9,595 Mil. Hence, Patel Engineering's Days Payable for the three months ended in Mar. 2024 was 177.28.

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

NSE:PATELENG' s Days Payable Range Over the Past 10 Years
Min: 97.5 Med: 186.71 Max: 364.3
Current: 185.36

During the past 13 years, Patel Engineering's highest Days Payable was 364.30. The lowest was 97.50. And the median was 186.71.

NSE:PATELENG's Days Payable is ranked better than
81.11% of 1599 companies
in the Construction industry
Industry Median: 75.97 vs NSE:PATELENG: 185.36

Patel Engineering's Days Payable increased from Mar. 2023 (157.70) to Mar. 2024 (177.28). It may suggest that Patel Engineering delayed paying its suppliers.

Patel Engineering Days Payable Historical Data

The historical data trend for Patel Engineering'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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Patel Engineering Days Payable Chart

Patel Engineering Annual Data

Trend

Mar15

Mar16

Mar17

Mar18

Mar19

Mar20

Mar21

Mar22

Mar23

Mar24

Days Payable

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219.27

364.30

189.18

184.23

189.38

Patel Engineering 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															157.70	172.24	194.07	192.44	177.28

Competitive Comparison of Patel Engineering's Days Payable

For the Engineering & Construction subindustry, Patel Engineering'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.

Patel Engineering's Days Payable Distribution in the Construction Industry

For the Construction industry and Industrials sector, Patel Engineering's Days Payable distribution charts can be found below:

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

Patel Engineering 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.

Patel Engineering'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
=	( (15518.91	+	18640.95)	/	2 )	/	32919.68	*	365
=	17079.93					/	32919.68	*	365
=	189.38

Patel Engineering'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	+	18640.95)	/	1 )	/	9594.92	*	365 / 4
=	18640.95					/	9594.92	*	365 / 4
=	177.28

Patel Engineering Days Payable Related Terms

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Patel Engineering (NSE:PATELENG) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Industrials » Construction » Patel Engineering Ltd (NSE:PATELENG) » Definitions » Days Payable

Comparable Companies

Traded in Other Exchanges

531120:India

Address

Patel Estate Road, Jogeshwari (West), Mumbai, MH, IND, 400 102

Website

http://www.pateleng.com

Patel Engineering Ltd is a company that undertakes civil construction and engineering projects. The company is engaged in segments including engineering procurement and construction (EPC) and real estate. It generates a vast majority of its revenue from the EPC segment within India. The company projects include all sectors of the infrastructure industry from dams, tunnels, micro-runnels, hydroelectric projects, irrigation projects, highways, roads, bridges, railways, refineries to real estates, and townships.

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