Zodiac Energy (NSE:ZODIACSMN) Days Payable : 12.13 (As of Dec. 2023)

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What is Zodiac Energy Days Payable?

Zodiac Energy's average Accounts Payable for the three months ended in Dec. 2023 was ₹51 Mil. Zodiac Energy's Cost of Goods Sold for the three months ended in Dec. 2023 was ₹381 Mil. Hence, Zodiac Energy's Days Payable for the three months ended in Dec. 2023 was 12.13.

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

NSE:ZODIACSMN' s Days Payable Range Over the Past 10 Years
Min: 8.57 Med: 33.63 Max: 125.96
Current: 8.57

During the past 11 years, Zodiac Energy's highest Days Payable was 125.96. The lowest was 8.57. And the median was 33.63.

NSE:ZODIACSMN's Days Payable is ranked worse than
98.44% of 962 companies
in the Semiconductors industry
Industry Median: 51.83 vs NSE:ZODIACSMN: 8.57

Zodiac Energy's Days Payable increased from Dec. 2022 (5.45) to Dec. 2023 (12.13). It may suggest that Zodiac Energy delayed paying its suppliers.

Zodiac Energy Days Payable Historical Data

The historical data trend for Zodiac Energy'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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Zodiac Energy Days Payable Chart

Zodiac Energy Annual Data

Trend

Mar14

Mar15

Mar16

Mar17

Mar18

Mar19

Mar20

Mar21

Mar22

Mar23

Days Payable

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9.08

19.44

30.77

43.23

36.48

Zodiac Energy Quarterly Data
	Sep17	Mar18	Sep18	Mar19	Sep19	Mar20	Sep20	Dec20	Mar21	Jun21	Sep21	Dec21	Mar22	Jun22	Sep22	Dec22	Mar23	Jun23	Sep23	Dec23
Days Payable	Get a 7-Day Free Trial															5.45	6.86	15.08	16.83	12.13

Competitive Comparison of Zodiac Energy's Days Payable

For the Solar subindustry, Zodiac Energy'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.

Zodiac Energy's Days Payable Distribution in the Semiconductors Industry

For the Semiconductors industry and Technology sector, Zodiac Energy's Days Payable distribution charts can be found below:

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

Zodiac Energy 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.

Zodiac Energy'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
=	( (197.662	+	43.557)	/	2 )	/	1206.805	*	365
=	120.6095					/	1206.805	*	365
=	36.48

Zodiac Energy'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
=	( (50.587	+	0)	/	1 )	/	380.685	*	365 / 4
=	50.587					/	380.685	*	365 / 4
=	12.13

Zodiac Energy Days Payable Related Terms

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Zodiac Energy (NSE:ZODIACSMN) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Technology » Semiconductors » Zodiac Energy Ltd (NSE:ZODIACSMN) » Definitions » Days Payable

Traded in Other Exchanges

543416:India

Address

Drive-In-Road, 4-5-6 Upper Ground Floor, Milestone Building, Near Khodiyar Restaurant, Near Drive-In Cinema, Thaltej, Ahmedabad, GJ, IND, 380054

Website

https://www.zodiacenergy.com

Zodiac Energy Ltd operates as an energy solution provider company in India. It installs power generation plants. It is engaged in the design, supply, installation, testing, commissioning, operation, and maintenance of solar power equipment. Its products include solar photovoltaic rooftop solutions, Concentrating Solar Power Systems, solar photovoltaic solar pumping solutions, solar thermal solar water heater solutions, and many more. The company primarily operates in the segment of sale of solar-based power plants and related items. The company's services include Building Integrated Photovoltaics (BIPV) systems, emerging technologies, and co-generation power plants.

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