Dhanuka Agritech (BOM:507717) Days Payable : 65.69 (As of Mar. 2024)

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What is Dhanuka Agritech Days Payable?

Dhanuka Agritech's average Accounts Payable for the three months ended in Mar. 2024 was ₹1,495 Mil. Dhanuka Agritech's Cost of Goods Sold for the three months ended in Mar. 2024 was ₹2,077 Mil. Hence, Dhanuka Agritech's Days Payable for the three months ended in Mar. 2024 was 65.69.

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

BOM:507717' s Days Payable Range Over the Past 10 Years
Min: 40.89 Med: 47.13 Max: 57.26
Current: 54.17

During the past 13 years, Dhanuka Agritech's highest Days Payable was 57.26. The lowest was 40.89. And the median was 47.13.

BOM:507717's Days Payable is ranked worse than
64.68% of 235 companies
in the Agriculture industry
Industry Median: 78.42 vs BOM:507717: 54.17

Dhanuka Agritech's Days Payable declined from Mar. 2023 (69.68) to Mar. 2024 (65.69). It may suggest that Dhanuka Agritech accelerated paying its suppliers.

Dhanuka Agritech Days Payable Historical Data

The historical data trend for Dhanuka Agritech'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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Dhanuka Agritech Days Payable Chart

Dhanuka Agritech Annual Data

Trend

Mar15

Mar16

Mar17

Mar18

Mar19

Mar20

Mar21

Mar22

Mar23

Mar24

Days Payable

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48.86

46.83

55.00

57.26

55.27

Dhanuka Agritech 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															69.68	64.49	37.75	56.24	65.69

Competitive Comparison of Dhanuka Agritech's Days Payable

For the Agricultural Inputs subindustry, Dhanuka Agritech'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.

Dhanuka Agritech's Days Payable Distribution in the Agriculture Industry

For the Agriculture industry and Basic Materials sector, Dhanuka Agritech's Days Payable distribution charts can be found below:

* The bar in red indicates where Dhanuka Agritech's Days Payable falls into.

Dhanuka Agritech 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.

Dhanuka Agritech'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
=	( (1752.33	+	1494.924)	/	2 )	/	10721.936	*	365
=	1623.627					/	10721.936	*	365
=	55.27

Dhanuka Agritech'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	+	1494.924)	/	1 )	/	2076.581	*	365 / 4
=	1494.924					/	2076.581	*	365 / 4
=	65.69

Dhanuka Agritech Days Payable Related Terms

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Dhanuka Agritech (BOM:507717) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Basic Materials » Agriculture » Dhanuka Agritech Ltd (BOM:507717) » Definitions » Days Payable

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DHANUKA:India

Address

MG Road, Global Gateway Towers, Near Guru Dronacharya Metro Station, Gurugram, HR, IND, 122002

Website

https://www.dhanuka.com

Dhanuka Agritech Ltd is involved in the manufacturing and marketing of plant protection agrochemicals. The product range consists of Insecticides, Herbicides, Fungicides, and Plant Growth Regulators in various forms - liquid, dust, powder, and granules. The firm generates a majority of its revenue from agrochemicals. The company has a strategic partnership with American, Japanese, and European companies. Its manufacturing facilities are located in Gurgaon (Haryana), Sanand (Gujarat), Udhampur (Jammu and Kashmir), and Keshwana (Rajasthan). Dhanuka's target customers are farmers.

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