Reliance Industries (NSE:RELIANCE) Days Payable

: 89.94 (As of Dec. 2023)

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Reliance Industries's average Accounts Payable for the three months ended in Dec. 2023 was ₹1,581,010 Mil. Reliance Industries's Cost of Goods Sold for the three months ended in Dec. 2023 was ₹1,604,050 Mil. Hence, Reliance Industries's Days Payable for the three months ended in Dec. 2023 was 89.94.

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

NSE:RELIANCE' s Days Payable Range Over the Past 10 Years
Min: 51.4 Med: 92.92 Max: 110.72
Current: 89.7

During the past 13 years, Reliance Industries's highest Days Payable was 110.72. The lowest was 51.40. And the median was 92.92.

NSE:RELIANCE's Days Payable is ranked better than
63.67% of 900 companies
in the Oil & Gas industry
Industry Median: 59.865 vs NSE:RELIANCE: 89.70

Reliance Industries's Days Payable increased from Dec. 2022 (88.29) to Dec. 2023 (89.94). It may suggest that Reliance Industries delayed paying its suppliers.

Reliance Industries Days Payable Historical Data

The historical data trend for Reliance 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.

* Premium members only.

Array ( [0] => - [1] => - [2] => - [3] => - [4] => - [5] => 88.51 [6] => 82.92 [7] => 110.72 [8] => 96.99 [9] => 88.85 )

Reliance Industries Annual Data

Trend

Mar14

Mar15

Mar16

Mar17

Mar18

Mar19

Mar20

Mar21

Mar22

Mar23

Days Payable

88.51

82.92

110.72

96.99

88.85

Reliance 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																88.29	89.91	93.63	87.28	89.94

Competitive Comparison

For the Oil & Gas Refining & Marketing subindustry, Reliance 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.

Reliance Industries Days Payable Distribution

For the Oil & Gas industry and Energy sector, Reliance Industries's Days Payable distribution charts can be found below:

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

Reliance 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.

Reliance 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
=	( (1593300	+	1471780)	/	2 )	/	6295990	*	365
=	1532540					/	6295990	*	365
=	88.85

Reliance 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
=	( (1581010	+	0)	/	1 )	/	1604050	*	365 / 4
=	1581010					/	1604050	*	365 / 4
=	89.94

Reliance Industries Days Payable Related Terms

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Reliance Industries (NSE:RELIANCE) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Energy » Oil & Gas » Reliance Industries Ltd (NSE:RELIANCE) » Definitions » Days Payable

Comparable Companies

Traded in Other Exchanges

500325:India RIGDl:UK RIGD:UK RLI:Germany

Address

222, Nariman Point, 3rd Floor, Maker Chambers IV, Mumbai, MH, IND, 400021

Website

https://www.ril.com

Reliance Industries Ltd is engaged in hydrocarbon exploration and production, refining and marketing, petrochemicals, financial services, retail, and communications. The Group has five principal operating and reporting segments: Oil To Chemicals (O2C), Oil and Gas, Retail, Digital Services and Financial Services. Located in west India, Reliance's refineries produce a range of petroleum products that find use as fuel variants, feedstock, and fuel for power and cement plants. Fuels produced in refineries are exported to several countries and can be processed into any grade of gasoline or diesel. The Oil to Chemicals segment that derives the majority revenue includes Refining, Petrochemicals, fuel retailing through Reliance BP Mobility Limited, aviation fuel, and bulk wholesale marketing.

Reliance Industries (NSE:RELIANCE) Headlines

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