Gujarat Narmada Valley Fertilizers & Chemicals (NSE:GNFC) Days Payable : 34.18 (As of Dec. 2023)

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What is Gujarat Narmada Valley Fertilizers & Chemicals Days Payable?

Gujarat Narmada Valley Fertilizers & Chemicals's average Accounts Payable for the three months ended in Dec. 2023 was ₹4,690 Mil. Gujarat Narmada Valley Fertilizers & Chemicals's Cost of Goods Sold for the three months ended in Dec. 2023 was ₹12,520 Mil. Hence, Gujarat Narmada Valley Fertilizers & Chemicals's Days Payable for the three months ended in Dec. 2023 was 34.18.

The historical rank and industry rank for Gujarat Narmada Valley Fertilizers & Chemicals's Days Payable or its related term are showing as below:

NSE:GNFC' s Days Payable Range Over the Past 10 Years
Min: 26.48 Med: 58.67 Max: 85.64
Current: 52.48

During the past 13 years, Gujarat Narmada Valley Fertilizers & Chemicals's highest Days Payable was 85.64. The lowest was 26.48. And the median was 58.67.

NSE:GNFC's Days Payable is ranked worse than
59.91% of 1504 companies
in the Chemicals industry
Industry Median: 60.975 vs NSE:GNFC: 52.48

Gujarat Narmada Valley Fertilizers & Chemicals's Days Payable declined from Dec. 2022 (52.89) to Dec. 2023 (34.18). It may suggest that Gujarat Narmada Valley Fertilizers & Chemicals accelerated paying its suppliers.

Gujarat Narmada Valley Fertilizers & Chemicals Days Payable Historical Data

The historical data trend for Gujarat Narmada Valley Fertilizers & Chemicals'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 Narmada Valley Fertilizers & Chemicals Days Payable Chart

Gujarat Narmada Valley Fertilizers & Chemicals Annual Data

Trend

Mar14

Mar15

Mar16

Mar17

Mar18

Mar19

Mar20

Mar21

Mar22

Mar23

Days Payable

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58.62

68.18

85.64

54.83

47.64

Gujarat Narmada Valley Fertilizers & Chemicals 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															52.89	54.06	64.35	37.38	34.18

Competitive Comparison of Gujarat Narmada Valley Fertilizers & Chemicals's Days Payable

For the Chemicals subindustry, Gujarat Narmada Valley Fertilizers & Chemicals'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 Narmada Valley Fertilizers & Chemicals's Days Payable Distribution in the Chemicals Industry

For the Chemicals industry and Basic Materials sector, Gujarat Narmada Valley Fertilizers & Chemicals's Days Payable distribution charts can be found below:

* The bar in red indicates where Gujarat Narmada Valley Fertilizers & Chemicals's Days Payable falls into.

Gujarat Narmada Valley Fertilizers & Chemicals 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 Narmada Valley Fertilizers & Chemicals'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
=	( (6844.2	+	6177.3)	/	2 )	/	49887.2	*	365
=	6510.75					/	49887.2	*	365
=	47.64

Gujarat Narmada Valley Fertilizers & Chemicals'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
=	( (4690	+	0)	/	1 )	/	12520	*	365 / 4
=	4690					/	12520	*	365 / 4
=	34.18

Gujarat Narmada Valley Fertilizers & Chemicals Days Payable Related Terms

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Gujarat Narmada Valley Fertilizers & Chemicals (NSE:GNFC) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Basic Materials » Chemicals » Gujarat Narmada Valley Fertilizers & Chemicals Ltd (NSE:GNFC) » Definitions » Days Payable

Traded in Other Exchanges

500670:India

Address

Narmadanagar Township, Open Air Theatre, Sports Complex, P.O. Narmadanagar, Bharuch, GJ, IND, 392015

Website

https://www.gnfc.in

Gujarat Narmada Valley Fertilizers & Chemicals Ltd, or GNFC, is a firm engaged in the manufacturing and selling of fertilizers, industrial chemical products and rendering Information Technology services. It operates in three business segments including Fertilizers, Chemicals and Others. The company generates the majority of its revenues through the sale of chemicals.

Gujarat Narmada Valley Fertilizers & Chemicals (NSE:GNFC) Headlines

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