Thermax (NSE:THERMAX) Days Payable : 78.61 (As of Mar. 2025)

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What is Thermax Days Payable?

Thermax's average Accounts Payable for the three months ended in Mar. 2025 was ₹16,966 Mil. Thermax's Cost of Goods Sold for the three months ended in Mar. 2025 was ₹19,695 Mil. Hence, Thermax's Days Payable for the three months ended in Mar. 2025 was 78.61.

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

NSE:THERMAX' s Days Payable Range Over the Past 10 Years
Min: 96.48 Med: 127.51 Max: 150.8
Current: 96.48

During the past 13 years, Thermax's highest Days Payable was 150.80. The lowest was 96.48. And the median was 127.51.

NSE:THERMAX's Days Payable is ranked better than
71.37% of 524 companies
in the Conglomerates industry
Industry Median: 59.795 vs NSE:THERMAX: 96.48

Thermax's Days Payable increased from Mar. 2024 (77.62) to Mar. 2025 (78.61). It may suggest that Thermax delayed paying its suppliers.

Thermax Days Payable Historical Data

The historical data trend for Thermax'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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Thermax Days Payable Chart

Thermax Annual Data

Trend

Mar16

Mar17

Mar18

Mar19

Mar20

Mar21

Mar22

Mar23

Mar24

Mar25

Days Payable

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143.53

129.36

111.18

101.53

97.61

Thermax Quarterly Data
	Jun20	Sep20	Dec20	Mar21	Jun21	Sep21	Dec21	Mar22	Jun22	Sep22	Dec22	Mar23	Jun23	Sep23	Dec23	Mar24	Jun24	Sep24	Dec24	Mar25
Days Payable	Get a 7-Day Free Trial															77.62	113.83	98.73	101.62	78.61

Competitive Comparison of Thermax's Days Payable

For the Conglomerates subindustry, Thermax'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.

Thermax's Days Payable Distribution in the Conglomerates Industry

For the Conglomerates industry and Industrials sector, Thermax's Days Payable distribution charts can be found below:

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

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Thermax 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.

Thermax's Days Payable for the fiscal year that ended in Mar. 2025 is calculated as

	Days Payable (A: Mar. 2025 )
=	Average Accounts Payable					/	Cost of Goods Sold	*	Days in Period
=	( (Accounts Payable (A: Mar. 2024 )	+	Accounts Payable (A: Mar. 2025 ))	/	count )	/	Cost of Goods Sold (A: Mar. 2025 )	*	Days in Period
=	( (15328.9	+	16966.3)	/	2 )	/	60381.9	*	365
=	16147.6					/	60381.9	*	365
=	97.61

Thermax's Days Payable for the quarter that ended in Mar. 2025 is calculated as:

	Days Payable (Q: Mar. 2025 )
=	Average Accounts Payable					/	Cost of Goods Sold	*	Days in Period
=	( (Accounts Payable (Q: Dec. 2024 )	+	Accounts Payable (Q: Mar. 2025 ))	/	count )	/	Cost of Goods Sold (Q: Mar. 2025 )	*	Days in Period
=	( (0	+	16966.3)	/	1 )	/	19695	*	365 / 4
=	16966.3					/	19695	*	365 / 4
=	78.61

Thermax Days Payable Related Terms

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Thermax Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Industrials » Conglomerates » Thermax Ltd (NSE:THERMAX) » Definitions » Days Payable

Comparable Companies

Traded in Other Exchanges

500411:India

Address

14, Mumbai-Pune Road, Thermax House, Wakdewadi, Pune, MH, IND, 411 003

Website

http://www.thermaxglobal.com

Thermax Ltd is a company that provides engineering solutions. The company operates through four reportable segments which are industrial products, industrial infra, green solutions, and chemicals. It earns the majority of its revenue from the Industrial Infra segment. The Company's portfolio includes boilers and heaters, absorption chillers/heat pumps, power plants, solar equipment, related services, air pollution control equipment/system, water and waste recycle plants, ion exchange resins and performance chemicals and related services The company generates more than half of its revenue from India.

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