Biocon (BOM:532523) Days Payable : 325.39 (As of Dec. 2023)

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What is Biocon Days Payable?

Biocon's average Accounts Payable for the three months ended in Dec. 2023 was ₹43,925 Mil. Biocon's Cost of Goods Sold for the three months ended in Dec. 2023 was ₹12,318 Mil. Hence, Biocon's Days Payable for the three months ended in Dec. 2023 was 325.39.

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

BOM:532523' s Days Payable Range Over the Past 10 Years
Min: 106.36 Med: 201.81 Max: 278.3
Current: 255.32

During the past 13 years, Biocon's highest Days Payable was 278.30. The lowest was 106.36. And the median was 201.81.

BOM:532523's Days Payable is ranked better than
63.64% of 715 companies
in the Biotechnology industry
Industry Median: 148.78 vs BOM:532523: 255.32

Biocon's Days Payable increased from Dec. 2022 (158.26) to Dec. 2023 (325.39). It may suggest that Biocon delayed paying its suppliers.

Biocon Days Payable Historical Data

The historical data trend for Biocon'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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Biocon Days Payable Chart

Biocon Annual Data

Trend

Mar14

Mar15

Mar16

Mar17

Mar18

Mar19

Mar20

Mar21

Mar22

Mar23

Days Payable

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211.78

231.23

230.75

209.22

278.30

Biocon Quarterly Data
	Mar19	Jun19	Sep19	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															158.26	294.89	300.48	355.65	325.39

Competitive Comparison of Biocon's Days Payable

For the Biotechnology subindustry, Biocon'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.

Biocon's Days Payable Distribution in the Biotechnology Industry

For the Biotechnology industry and Healthcare sector, Biocon's Days Payable distribution charts can be found below:

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

Biocon 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.

Biocon'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
=	( (16085	+	39831)	/	2 )	/	36668	*	365
=	27958					/	36668	*	365
=	278.30

Biocon'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
=	( (43925	+	0)	/	1 )	/	12318	*	365 / 4
=	43925					/	12318	*	365 / 4
=	325.39

Biocon Days Payable Related Terms

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Biocon (BOM:532523) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Healthcare » Biotechnology » Biocon Ltd (BOM:532523) » Definitions » Days Payable

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BIOCON:India

Address

20th KM, Hosur Road, Electronics City, Bengaluru, KA, IND, 560 100

Website

https://www.biocon.com

Biocon Ltd is a biopharmaceutical company that develops biotechnology therapies for diseases. The company is focused on developing, manufacturing, and supplying novel and biosimilar pharmaceuticals for diabetes, cancer, and autoimmune conditions. Biocon has four reportable segments: Generics, Biosimilars, Novel Biologics (Novels), and Research services (Research). The company provides integrated contract research and manufacturing services to pharmaceutical and biotechnology companies through its subsidiary Syngene.

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