DIC India (BOM:500089) Days Payable : 62.68 (As of Dec. 2023)

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What is DIC India Days Payable?

DIC India's average Accounts Payable for the three months ended in Dec. 2023 was ₹1,187 Mil. DIC India's Cost of Goods Sold for the three months ended in Dec. 2023 was ₹1,728 Mil. Hence, DIC India's Days Payable for the three months ended in Dec. 2023 was 62.68.

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

BOM:500089' s Days Payable Range Over the Past 10 Years
Min: 2.48 Med: 84.72 Max: 97.56
Current: 83.17

During the past 13 years, DIC India's highest Days Payable was 97.56. The lowest was 2.48. And the median was 84.72.

BOM:500089's Days Payable is ranked better than
67.53% of 1503 companies
in the Chemicals industry
Industry Median: 60.89 vs BOM:500089: 83.17

DIC India's Days Payable declined from Dec. 2022 (72.70) to Dec. 2023 (62.68). It may suggest that DIC India accelerated paying its suppliers.

DIC India Days Payable Historical Data

The historical data trend for DIC India'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.

DIC India Days Payable Chart

DIC India Annual Data

Trend

Dec14

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

Days Payable

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92.85

92.55

97.56

91.37

78.58

DIC India 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															72.70	96.57	94.63	90.64	62.68

Competitive Comparison of DIC India's Days Payable

For the Specialty Chemicals subindustry, DIC India'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.

DIC India's Days Payable Distribution in the Chemicals Industry

For the Chemicals industry and Basic Materials sector, DIC India's Days Payable distribution charts can be found below:

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

DIC India 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.

DIC India's Days Payable for the fiscal year that ended in Dec. 2023 is calculated as

	Days Payable (A: Dec. 2023 )
=	Average Accounts Payable					/	Cost of Goods Sold	*	Days in Period
=	( (Accounts Payable (A: Dec. 2022 )	+	Accounts Payable (A: Dec. 2023 ))	/	count )	/	Cost of Goods Sold (A: Dec. 2023 )	*	Days in Period
=	( (1577.116	+	1186.75)	/	2 )	/	6419.095	*	365
=	1381.933					/	6419.095	*	365
=	78.58

DIC India'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
=	( (0	+	1186.75)	/	1 )	/	1727.666	*	365 / 4
=	1186.75					/	1727.666	*	365 / 4
=	62.68

DIC India Days Payable Related Terms

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DIC India (BOM:500089) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Basic Materials » Chemicals » DIC India Ltd (BOM:500089) » Definitions » Days Payable

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Traded in Other Exchanges

DICIND:India

Address

Fusion Square, 5A-5B, Sector-126, 5th Floor, District Gautam Budh Nagar, Noida, UP, IND, 201303

Website

https://www.dic.co.in

DIC India Ltd is an India-based company engaged in the business of manufacturing printing inks that are used in newspapers, other publications, and packaging industries. It also offers lamination adhesive. The product portfolio of the company includes Gravur inks, Flexo inks, Adhesives, Specialty products and Paste inks. The company operates primarily within India.

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