Gujarat State Petronet (BOM:532702) Days Payable : 16.73 (As of Dec. 2023)

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What is Gujarat State Petronet Days Payable?

Gujarat State Petronet's average Accounts Payable for the three months ended in Dec. 2023 was ₹5,948 Mil. Gujarat State Petronet's Cost of Goods Sold for the three months ended in Dec. 2023 was ₹32,440 Mil. Hence, Gujarat State Petronet's Days Payable for the three months ended in Dec. 2023 was 16.73.

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

BOM:532702' s Days Payable Range Over the Past 10 Years
Min: 12.9 Med: 20.21 Max: 214.18
Current: 17.26

During the past 13 years, Gujarat State Petronet's highest Days Payable was 214.18. The lowest was 12.90. And the median was 20.21.

BOM:532702's Days Payable is ranked worse than
95.96% of 495 companies
in the Utilities - Regulated industry
Industry Median: 67.1 vs BOM:532702: 17.26

Gujarat State Petronet's Days Payable increased from Dec. 2022 (16.17) to Dec. 2023 (16.73). It may suggest that Gujarat State Petronet delayed paying its suppliers.

Gujarat State Petronet Days Payable Historical Data

The historical data trend for Gujarat State Petronet'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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Gujarat State Petronet Days Payable Chart

Gujarat State Petronet Annual Data

Trend

Mar14

Mar15

Mar16

Mar17

Mar18

Mar19

Mar20

Mar21

Mar22

Mar23

Days Payable

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19.30

15.85

21.11

12.90

16.46

Gujarat State Petronet 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															16.17	18.71	22.37	17.97	16.73

Competitive Comparison of Gujarat State Petronet's Days Payable

For the Utilities - Regulated Gas subindustry, Gujarat State Petronet'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.

Gujarat State Petronet's Days Payable Distribution in the Utilities - Regulated Industry

For the Utilities - Regulated industry and Utilities sector, Gujarat State Petronet's Days Payable distribution charts can be found below:

* The bar in red indicates where Gujarat State Petronet's Days Payable falls into.

Gujarat State Petronet 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.

Gujarat State Petronet'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
=	( (4914.972	+	7422.047)	/	2 )	/	136750.161	*	365
=	6168.5095					/	136750.161	*	365
=	16.46

Gujarat State Petronet'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
=	( (5948.487	+	0)	/	1 )	/	32440.333	*	365 / 4
=	5948.487					/	32440.333	*	365 / 4
=	16.73

Gujarat State Petronet Days Payable Related Terms

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Gujarat State Petronet (BOM:532702) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Utilities » Utilities - Regulated » Gujarat State Petronet Ltd (BOM:532702) » Definitions » Days Payable

Comparable Companies

Traded in Other Exchanges

GSPL:India

Address

GSPL Bhavan, E-18, GIDC Electronics Estate, Sector-26, Near K-7 Circle, Gandhinagar, GJ, IND, 382028

Website

https://www.gspcgroup.com

Gujarat State Petronet Ltd is a regulated Indian natural gas utility company of which the shareholder is a state-owned oil and gas exploration company, Gujarat State Petroleum Corporation. Gujarat State Petronet is involved in the provision of natural gas, compressed natural gas, and liquefied natural gas transmission services in the West Indian state of Gujarat through its pipeline network. The company derives the vast majority of its sales from service fees relating to the transportation of gas to domestic, industrial, and commercial customers. With its many subsidiaries and associate firms, such as Gujarat Gas Limited, Gujarat State Petronet is one of the gas distributors in India.

Gujarat State Petronet (BOM:532702) Headlines

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