Zota Health Care (NSE:ZOTA) Days Payable : 61.10 (As of Dec. 2023)

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What is Zota Health Care Days Payable?

Zota Health Care's average Accounts Payable for the three months ended in Dec. 2023 was ₹170 Mil. Zota Health Care's Cost of Goods Sold for the three months ended in Dec. 2023 was ₹254 Mil. Hence, Zota Health Care's Days Payable for the three months ended in Dec. 2023 was 61.10.

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

NSE:ZOTA' s Days Payable Range Over the Past 10 Years
Min: 70.08 Med: 98.62 Max: 124.86
Current: 82.15

During the past 13 years, Zota Health Care's highest Days Payable was 124.86. The lowest was 70.08. And the median was 98.62.

NSE:ZOTA's Days Payable is ranked worse than
62.8% of 715 companies
in the Biotechnology industry
Industry Median: 148.78 vs NSE:ZOTA: 82.15

Zota Health Care's Days Payable declined from Dec. 2022 (91.41) to Dec. 2023 (61.10). It may suggest that Zota Health Care accelerated paying its suppliers.

Zota Health Care Days Payable Historical Data

The historical data trend for Zota Health Care'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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Zota Health Care Days Payable Chart

Zota Health Care Annual Data

Trend

Mar14

Mar15

Mar16

Mar17

Mar18

Mar19

Mar20

Mar21

Mar22

Mar23

Days Payable

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100.41

82.96

73.70

70.08

97.15

Zota Health Care 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															91.41	108.54	101.93	62.38	61.10

Competitive Comparison of Zota Health Care's Days Payable

For the Biotechnology subindustry, Zota Health Care'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.

Zota Health Care's Days Payable Distribution in the Biotechnology Industry

For the Biotechnology industry and Healthcare sector, Zota Health Care's Days Payable distribution charts can be found below:

* The bar in red indicates where Zota Health Care's Days Payable falls into.

Zota Health Care 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.

Zota Health Care'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
=	( (186.97	+	264.599)	/	2 )	/	848.292	*	365
=	225.7845					/	848.292	*	365
=	97.15

Zota Health Care'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
=	( (169.892	+	0)	/	1 )	/	253.728	*	365 / 4
=	169.892					/	253.728	*	365 / 4
=	61.10

Zota Health Care Days Payable Related Terms

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Zota Health Care (NSE:ZOTA) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Healthcare » Biotechnology » Zota Health Care Ltd (NSE:ZOTA) » Definitions » Days Payable

Comparable Companies

Traded in Other Exchanges

N/A

Address

2/896, Hira Modi Street, Zota House, Sagrampura, Surat, GJ, IND, 395002

Website

https://www.zotahealthcare.com

Zota Health Care Ltd is engaged in manufacturing, trading and export of pharmaceutical products. The company caters to both domestic and international markets. It offers a vast range of pharmaceutical, nutraceutical, ayurvedic, and OTC products in India and overseas as well.

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