Jindal Drilling & Industries (BOM:511034) Days Payable

: 54.77 (As of Dec. 2023)

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Jindal Drilling & Industries's average Accounts Payable for the three months ended in Dec. 2023 was ₹707 Mil. Jindal Drilling & Industries's Cost of Goods Sold for the three months ended in Dec. 2023 was ₹1,178 Mil. Hence, Jindal Drilling & Industries's Days Payable for the three months ended in Dec. 2023 was 54.77.

The historical rank and industry rank for Jindal Drilling & Industries's Days Payable or its related term are showing as below:

BOM:511034' s Days Payable Range Over the Past 10 Years
Min: 49.49 Med: 70.16 Max: 212.29
Current: 57.27

During the past 13 years, Jindal Drilling & Industries's highest Days Payable was 212.29. The lowest was 49.49. And the median was 70.16.

BOM:511034's Days Payable is ranked worse than
52.11% of 900 companies
in the Oil & Gas industry
Industry Median: 59.865 vs BOM:511034: 57.27

Jindal Drilling & Industries's Days Payable increased from Dec. 2022 (33.39) to Dec. 2023 (54.77). It may suggest that Jindal Drilling & Industries delayed paying its suppliers.

Jindal Drilling & Industries Days Payable Historical Data

The historical data trend for Jindal Drilling & Industries'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.

* Premium members only.

Jindal Drilling & Industries Annual Data

Trend

Mar14

Mar15

Mar16

Mar17

Mar18

Mar19

Mar20

Mar21

Mar22

Mar23

Days Payable

54.27

77.54

62.78

61.95

49.49

Jindal Drilling & Industries Quarterly Data
	Mar19	Jun19	Sep19	Dec19	Mar20	Jun20	Sep20	Dec20	Mar21	Jun21	Sep21	Dec21	Mar22	Jun22	Sep22	Dec22	Mar23	Jun23	Sep23	Dec23
Days Payable																33.39	70.29	82.99	77.15	54.77

Competitive Comparison

For the Oil & Gas Equipment & Services subindustry, Jindal Drilling & Industries'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.

Jindal Drilling & Industries Days Payable Distribution

For the Oil & Gas industry and Energy sector, Jindal Drilling & Industries's Days Payable distribution charts can be found below:

* The bar in red indicates where Jindal Drilling & Industries's Days Payable falls into.

Jindal Drilling & Industries 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.

Jindal Drilling & Industries'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
=	( (357.934	+	486.459)	/	2 )	/	3113.774	*	365
=	422.1965					/	3113.774	*	365
=	49.49

Jindal Drilling & Industries'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
=	( (707	+	0)	/	1 )	/	1177.9	*	365 / 4
=	707					/	1177.9	*	365 / 4
=	54.77

Jindal Drilling & Industries Days Payable Related Terms

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Jindal Drilling & Industries (BOM:511034) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Energy » Oil & Gas » Jindal Drilling & Industries Ltd (BOM:511034) » Definitions » Days Payable

Comparable Companies

Traded in Other Exchanges

JINDRILL:India

Address

5 Pusa Road, 2nd Floor, Gurgaon, HR, IND, 110 005

Website

https://www.jindal.com

Jindal Drilling & Industries Ltd is engaged in providing services to entities involved in the exploration of oil and gas. Its brands and services include Jindal Star (ERW Pipes), Power and energy, MSL (Seamless pipes) and drilling services. The company generates a majority of its revenue from drilling services within India.

Jindal Drilling & Industries (BOM:511034) Headlines

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