Novartis India (BOM:500672) Days Payable : 98.79 (As of Mar. 2024)

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What is Novartis India Days Payable?

Novartis India's average Accounts Payable for the three months ended in Mar. 2024 was ₹616 Mil. Novartis India's Cost of Goods Sold for the three months ended in Mar. 2024 was ₹569 Mil. Hence, Novartis India's Days Payable for the three months ended in Mar. 2024 was 98.79.

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

BOM:500672' s Days Payable Range Over the Past 10 Years
Min: 83.73 Med: 123.72 Max: 178.35
Current: 100.35

During the past 13 years, Novartis India's highest Days Payable was 178.35. The lowest was 83.73. And the median was 123.72.

BOM:500672's Days Payable is ranked better than
57.11% of 970 companies
in the Drug Manufacturers industry
Industry Median: 88.83 vs BOM:500672: 100.35

Novartis India's Days Payable declined from Mar. 2023 (118.21) to Mar. 2024 (98.79). It may suggest that Novartis India accelerated paying its suppliers.

Novartis India Days Payable Historical Data

The historical data trend for Novartis 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.

Novartis India Days Payable Chart

Novartis India Annual Data

Trend

Mar15

Mar16

Mar17

Mar18

Mar19

Mar20

Mar21

Mar22

Mar23

Mar24

Days Payable

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161.47

155.87

128.12

119.32

110.74

Novartis India 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															118.21	103.24	88.90	87.40	98.79

Competitive Comparison of Novartis India's Days Payable

For the Drug Manufacturers - Specialty & Generic subindustry, Novartis 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.

Novartis India's Days Payable Distribution in the Drug Manufacturers Industry

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

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

Novartis 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.

Novartis India'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
=	( (596.7	+	615.9)	/	2 )	/	1998.4	*	365
=	606.3					/	1998.4	*	365
=	110.74

Novartis India'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	+	615.9)	/	1 )	/	568.9	*	365 / 4
=	615.9					/	568.9	*	365 / 4
=	98.79

Novartis India Days Payable Related Terms

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Novartis India (BOM:500672) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Healthcare » Drug Manufacturers » Novartis India Ltd (BOM:500672) » Definitions » Days Payable

Traded in Other Exchanges

N/A

Address

Inspire BKC, Part of 601 & 701, Bandra Kurla Complex, Bandra (East), Mumbai, MH, IND, 400 051

Website

https://www.novartis.in

Novartis India Ltd is an Indian-based pharmaceutical company. The company is engaged in the trading of Drugs and Pharmaceuticals. It derives revenue from operations in India. The company single business segment namely Pharmaceuticals, Its Pharmaceutical business focuses on Bone and Pain, Calcium portfolio, Gynecology, and Neurosciences.

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