Triveni Turbine (NSE:TRITURBINE) Days Payable : 70.25 (As of Mar. 2024)

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What is Triveni Turbine Days Payable?

Triveni Turbine's average Accounts Payable for the three months ended in Mar. 2024 was ₹1,746 Mil. Triveni Turbine's Cost of Goods Sold for the three months ended in Mar. 2024 was ₹2,267 Mil. Hence, Triveni Turbine's Days Payable for the three months ended in Mar. 2024 was 70.25.

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

NSE:TRITURBINE' s Days Payable Range Over the Past 10 Years
Min: 63.27 Med: 82.19 Max: 115.9
Current: 71.76

During the past 13 years, Triveni Turbine's highest Days Payable was 115.90. The lowest was 63.27. And the median was 82.19.

NSE:TRITURBINE's Days Payable is ranked worse than
53.88% of 2936 companies
in the Industrial Products industry
Industry Median: 76.705 vs NSE:TRITURBINE: 71.76

Triveni Turbine's Days Payable increased from Mar. 2023 (58.84) to Mar. 2024 (70.25). It may suggest that Triveni Turbine delayed paying its suppliers.

Triveni Turbine Days Payable Historical Data

The historical data trend for Triveni Turbine'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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Triveni Turbine Days Payable Chart

Triveni Turbine Annual Data

Trend

Mar15

Mar16

Mar17

Mar18

Mar19

Mar20

Mar21

Mar22

Mar23

Mar24

Days Payable

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72.35

68.28

69.52

63.27

64.47

Triveni Turbine 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															58.84	57.35	89.60	83.24	70.25

Competitive Comparison of Triveni Turbine's Days Payable

For the Specialty Industrial Machinery subindustry, Triveni Turbine'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.

Triveni Turbine's Days Payable Distribution in the Industrial Products Industry

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

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

Triveni Turbine 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.

Triveni Turbine'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
=	( (1148.14	+	1745.6)	/	2 )	/	8191.9	*	365
=	1446.87					/	8191.9	*	365
=	64.47

Triveni Turbine'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	+	1745.6)	/	1 )	/	2267.3	*	365 / 4
=	1745.6					/	2267.3	*	365 / 4
=	70.25

Triveni Turbine Days Payable Related Terms

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Triveni Turbine (NSE:TRITURBINE) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Industrials » Industrial Products » Triveni Turbine Ltd (NSE:TRITURBINE) » Definitions » Days Payable

Comparable Companies

Traded in Other Exchanges

533655:India

Address

Express Trade Towers, 8th Floor, 15-16, Sector 16A, Noida, UP, IND, 201301

Website

https://www.triveniturbines.com

Triveni Turbine Ltd is an India-based company that supplies power-generating equipment and solutions. The company offers back-pressure and condensing steam turbines, related spare parts, and aftermarket services. In addition, the company owns a partial stake in GE Triveni Limited, a joint venture cofounded by General Electric and Triveni Turbine. This joint venture offers a portfolio of steam turbine products in the global industrial power-generation market. Triveni Turbine's products are used in sectors including sugar, distillery, palm oil, independent power producers, and textiles. The company generates the majority of its sales from the Indian domestic market.

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