Grasim Industries (NSE:GRASIM) Days Payable

: 83.93 (As of Dec. 2023)

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Grasim Industries's average Accounts Payable for the three months ended in Dec. 2023 was ₹134,318 Mil. Grasim Industries's Cost of Goods Sold for the three months ended in Dec. 2023 was ₹146,040 Mil. Hence, Grasim Industries's Days Payable for the three months ended in Dec. 2023 was 83.93.

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

NSE:GRASIM' s Days Payable Range Over the Past 10 Years
Min: 48.49 Med: 59.07 Max: 76.44
Current: 73.12

During the past 13 years, Grasim Industries's highest Days Payable was 76.44. The lowest was 48.49. And the median was 59.07.

NSE:GRASIM's Days Payable is ranked better than
54.2% of 369 companies
in the Building Materials industry
Industry Median: 68.06 vs NSE:GRASIM: 73.12

Grasim Industries's Days Payable increased from Dec. 2022 (79.07) to Dec. 2023 (83.93). It may suggest that Grasim Industries delayed paying its suppliers.

Grasim Industries Days Payable Historical Data

The historical data trend for Grasim Industries'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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Grasim Industries Annual Data

Trend

Mar14

Mar15

Mar16

Mar17

Mar18

Mar19

Mar20

Mar21

Mar22

Mar23

Days Payable

48.49

59.33

75.22

76.44

76.03

Grasim Industries Quarterly Data
	Mar19	Jun19	Sep19	Dec19	Mar20	Jun20	Sep20	Dec20	Mar21	Jun21	Sep21	Dec21	Mar22	Jun22	Sep22	Dec22	Mar23	Jun23	Sep23	Dec23
Days Payable																79.07	61.30	81.40	81.81	83.93

Competitive Comparison

For the Building Materials subindustry, Grasim Industries'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.

Grasim Industries Days Payable Distribution

For the Building Materials industry and Basic Materials sector, Grasim Industries's Days Payable distribution charts can be found below:

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

Grasim Industries 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.

Grasim Industries'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
=	( (115768.4	+	133532.7)	/	2 )	/	598434.9	*	365
=	124650.55					/	598434.9	*	365
=	76.03

Grasim Industries'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
=	( (134318.4	+	0)	/	1 )	/	146040.1	*	365 / 4
=	134318.4					/	146040.1	*	365 / 4
=	83.93

Grasim Industries Days Payable Related Terms

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Grasim Industries (NSE:GRASIM) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Basic Materials » Building Materials » Grasim Industries Ltd (NSE:GRASIM) » Definitions » Days Payable

Traded in Other Exchanges

500300:India

Address

Sudam Kalu Ahire Marg, A Wing, 2nd Floor, Aditya Birla Centre, Worli, Mumbai, MH, IND, 400030

Website

https://www.grasim.com

Grasim Industries Ltd is a cement and viscose staple fibre (VSF) manufacturing firm based in India. The activities of the group fall under the operating segments of Viscose, Chemicals, Cement, Financial Services, and Others. It derives key revenue from the Cement segment which covers products like Grey Cement, White Cement and allied products. The viscose segment includes products such as Viscose Staple Fibre, Wood Pulp and Viscose Filament Yarn. Through the Chemicals segment, the group offers Caustic soda, Allied chemicals and Epoxy. Geographically, the company has a business presence in India and other countries, of which maximum revenue is generated within India.

Grasim Industries (NSE:GRASIM) Headlines

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