Granules India (NSE:GRANULES) Days Payable : 133.81 (As of Dec. 2023)

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What is Granules India Days Payable?

Granules India's average Accounts Payable for the three months ended in Dec. 2023 was ₹7,293 Mil. Granules India's Cost of Goods Sold for the three months ended in Dec. 2023 was ₹4,973 Mil. Hence, Granules India's Days Payable for the three months ended in Dec. 2023 was 133.81.

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

NSE:GRANULES' s Days Payable Range Over the Past 10 Years
Min: 58.26 Med: 95.55 Max: 119.91
Current: 119.91

During the past 13 years, Granules India's highest Days Payable was 119.91. The lowest was 58.26. And the median was 95.55.

NSE:GRANULES's Days Payable is ranked better than
66.12% of 977 companies
in the Drug Manufacturers industry
Industry Median: 86.23 vs NSE:GRANULES: 119.91

Granules India's Days Payable increased from Dec. 2022 (109.07) to Dec. 2023 (133.81). It may suggest that Granules India delayed paying its suppliers.

Granules India Days Payable Historical Data

The historical data trend for Granules India'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.

Granules India Days Payable Chart

Granules India Annual Data

Trend

Mar14

Mar15

Mar16

Mar17

Mar18

Mar19

Mar20

Mar21

Mar22

Mar23

Days Payable

Get a 7-Day Free Trial

84.89

94.38

112.63

109.90

108.79

Granules India 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															109.07	102.02	148.94	115.71	133.81

Competitive Comparison of Granules India's Days Payable

For the Drug Manufacturers - Specialty & Generic subindustry, Granules India'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.

Granules India's Days Payable Distribution in the Drug Manufacturers Industry

For the Drug Manufacturers industry and Healthcare sector, Granules India's Days Payable distribution charts can be found below:

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

Granules India 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.

Granules India'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
=	( (6386.08	+	7821.25)	/	2 )	/	23833.62	*	365
=	7103.665					/	23833.62	*	365
=	108.79

Granules India'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
=	( (7293.1	+	0)	/	1 )	/	4973.32	*	365 / 4
=	7293.1					/	4973.32	*	365 / 4
=	133.81

Granules India Days Payable Related Terms

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Granules India (NSE:GRANULES) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Healthcare » Drug Manufacturers » Granules India Ltd (NSE:GRANULES) » Definitions » Days Payable

Traded in Other Exchanges

532482:India

Address

3rd Block, My Home Hub, 2nd Floor, Madhapur, Hyderabad, TG, IND, 500 081

Website

https://www.granulesindia.com

Granules India Ltd is an India-based pharmaceutical company. The company manufactures active pharmaceutical ingredients, pharmaceutical formulation intermediates and finished dosages. Its business is organized into three areas; the Core business which comprises core molecules such as Paracetamol, Ibuprofen, Metformin, Guaifenesin, and Methocarbamol; the Emerging business that focuses on manufacturing APIs and the US Generics. It has one segment Pharmaceutical products including ingredients and intermediaries. Its primary geographic markets are North America, Latin America, Europe, India, and Rest of World.

Granules India (NSE:GRANULES) Headlines

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