Ambalalrabhai Enterprises (BOM:500009) Days Payable : 86.85 (As of Mar. 2024)

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What is Ambalalrabhai Enterprises Days Payable?

Ambalalrabhai Enterprises's average Accounts Payable for the three months ended in Mar. 2024 was ₹367 Mil. Ambalalrabhai Enterprises's Cost of Goods Sold for the three months ended in Mar. 2024 was ₹386 Mil. Hence, Ambalalrabhai Enterprises's Days Payable for the three months ended in Mar. 2024 was 86.85.

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

BOM:500009' s Days Payable Range Over the Past 10 Years
Min: 123.08 Med: 146.33 Max: 192.42
Current: 123.08

During the past 13 years, Ambalalrabhai Enterprises's highest Days Payable was 192.42. The lowest was 123.08. And the median was 146.33.

BOM:500009's Days Payable is ranked better than
66.84% of 971 companies
in the Drug Manufacturers industry
Industry Median: 88.69 vs BOM:500009: 123.08

Ambalalrabhai Enterprises's Days Payable declined from Mar. 2023 (112.88) to Mar. 2024 (86.85). It may suggest that Ambalalrabhai Enterprises accelerated paying its suppliers.

Ambalalrabhai Enterprises Days Payable Historical Data

The historical data trend for Ambalalrabhai Enterprises'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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Ambalalrabhai Enterprises Days Payable Chart

Ambalalrabhai Enterprises Annual Data

Trend

Mar15

Mar16

Mar17

Mar18

Mar19

Mar20

Mar21

Mar22

Mar23

Mar24

Days Payable

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192.42

159.47

149.71

142.94

123.40

Ambalalrabhai Enterprises Quarterly Data
	Jun19	Sep19	Dec19	Mar20	Jun20	Sep20	Dec20	Mar21	Jun21	Sep21	Dec21	Mar22	Jun22	Sep22	Dec22	Mar23	Jun23	Sep23	Dec23	Mar24
Days Payable	Get a 7-Day Free Trial															112.88	146.81	141.96	139.56	86.85

Competitive Comparison of Ambalalrabhai Enterprises's Days Payable

For the Drug Manufacturers - Specialty & Generic subindustry, Ambalalrabhai Enterprises'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.

Ambalalrabhai Enterprises's Days Payable Distribution in the Drug Manufacturers Industry

For the Drug Manufacturers industry and Healthcare sector, Ambalalrabhai Enterprises's Days Payable distribution charts can be found below:

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

Ambalalrabhai Enterprises 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.

Ambalalrabhai Enterprises's Days Payable for the fiscal year that ended in Mar. 2024 is calculated as

	Days Payable (A: Mar. 2024 )
=	Average Accounts Payable					/	Cost of Goods Sold	*	Days in Period
=	( (Accounts Payable (A: Mar. 2023 )	+	Accounts Payable (A: Mar. 2024 ))	/	count )	/	Cost of Goods Sold (A: Mar. 2024 )	*	Days in Period
=	( (368.395	+	366.982)	/	2 )	/	1087.553	*	365
=	367.6885					/	1087.553	*	365
=	123.40

Ambalalrabhai Enterprises's Days Payable for the quarter that ended in Mar. 2024 is calculated as:

	Days Payable (Q: Mar. 2024 )
=	Average Accounts Payable					/	Cost of Goods Sold	*	Days in Period
=	( (Accounts Payable (Q: Dec. 2023 )	+	Accounts Payable (Q: Mar. 2024 ))	/	count )	/	Cost of Goods Sold (Q: Mar. 2024 )	*	Days in Period
=	( (0	+	366.982)	/	1 )	/	385.585	*	365 / 4
=	366.982					/	385.585	*	365 / 4
=	86.85

Ambalalrabhai Enterprises Days Payable Related Terms

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Ambalalrabhai Enterprises (BOM:500009) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Healthcare » Drug Manufacturers » Ambalal Sarabhai Enterprises Ltd (BOM:500009) » Definitions » Days Payable

Traded in Other Exchanges

N/A

Address

Mirzapur Road, Shanti Sadan, Ahmedabad, GJ, IND, 380001

Website

https://www.ase.life

Ambalal Sarabhai Enterprises Ltd is an India-based company engaged in the manufacturing and marketing of Drugs and Formulation. Its operating segments are Pharmaceutical Products. It serves domestic as well as international markets.

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