Art Nirman (NSE:ARTNIRMAN) Days Payable : 128.59 (As of Mar. 2023)

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What is Art Nirman Days Payable?

Art Nirman's average Accounts Payable for the six months ended in Mar. 2023 was ₹49.6 Mil. Art Nirman's Cost of Goods Sold for the six months ended in Mar. 2023 was ₹70.3 Mil. Hence, Art Nirman's Days Payable for the six months ended in Mar. 2023 was 128.59.

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

NSE:ARTNIRMAN' s Days Payable Range Over the Past 10 Years
Min: 26.15 Med: 129.78 Max: 351.89
Current: 155.55

During the past 12 years, Art Nirman's highest Days Payable was 351.89. The lowest was 26.15. And the median was 129.78.

NSE:ARTNIRMAN's Days Payable is ranked better than
63.91% of 1571 companies
in the Real Estate industry
Industry Median: 97.02 vs NSE:ARTNIRMAN: 155.55

Art Nirman's Days Payable increased from Mar. 2022 (38.15) to Mar. 2023 (128.59). It may suggest that Art Nirman delayed paying its suppliers.

Art Nirman Days Payable Historical Data

The historical data trend for Art Nirman'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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Art Nirman Days Payable Chart

Art Nirman Annual Data

Trend

Mar14

Mar15

Mar16

Mar17

Mar18

Mar19

Mar20

Mar21

Mar22

Mar23

Days Payable

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129.78

33.19

26.15

169.84

Art Nirman Semi-Annual Data
	Mar12	Mar13	Mar14	Mar15	Mar16	Mar17	Sep17	Mar18	Sep18	Mar19	Sep19	Mar20	Sep20	Mar21	Sep21	Mar22	Sep22	Mar23
Days Payable	Get a 7-Day Free Trial													21.60	25.35	38.15	218.18	128.59

Competitive Comparison of Art Nirman's Days Payable

For the Real Estate - Development subindustry, Art Nirman'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.

Art Nirman's Days Payable Distribution in the Real Estate Industry

For the Real Estate industry and Real Estate sector, Art Nirman's Days Payable distribution charts can be found below:

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

Art Nirman 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.

Art Nirman'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
=	( (16.332	+	67.701)	/	2 )	/	90.299	*	365
=	42.0165					/	90.299	*	365
=	169.84

Art Nirman's Days Payable for the quarter that ended in Mar. 2023 is calculated as:

	Days Payable (Q: Mar. 2023 )
=	Average Accounts Payable					/	Cost of Goods Sold	*	Days in Period
=	( (Accounts Payable (Q: Sep. 2022 )	+	Accounts Payable (Q: Mar. 2023 ))	/	count )	/	Cost of Goods Sold (Q: Mar. 2023 )	*	Days in Period
=	( (31.41	+	67.701)	/	2 )	/	70.332	*	365 / 2
=	49.5555					/	70.332	*	365 / 2
=	128.59

Art Nirman Days Payable Related Terms

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Art Nirman (NSE:ARTNIRMAN) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Real Estate » Real Estate » Art Nirman Ltd (NSE:ARTNIRMAN) » Definitions » Days Payable

Traded in Other Exchanges

N/A

Address

Science City Main Road, 410, JBR Arcade, Sola, Ahmedabad, GJ, IND, 380060

Website

https://www.artnirman.com

Art Nirman Ltd is engaged in the construction of residential and commercial buildings in India. Its residential projects include Affordable housing, luxurious flat, and towers as well as luxurious bungalows and its commercial projects comprise office spaces as well as showrooms and shops. The company operates only in India. It operates in one segment namely Real Estate.

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