Avanti Feeds (BOM:512573) Days Payable : 29.06 (As of Mar. 2024)

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What is Avanti Feeds Days Payable?

Avanti Feeds's average Accounts Payable for the three months ended in Mar. 2024 was ₹3,213 Mil. Avanti Feeds's Cost of Goods Sold for the three months ended in Mar. 2024 was ₹10,087 Mil. Hence, Avanti Feeds's Days Payable for the three months ended in Mar. 2024 was 29.06.

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

BOM:512573' s Days Payable Range Over the Past 10 Years
Min: 21.59 Med: 26.42 Max: 39.47
Current: 28.5

During the past 13 years, Avanti Feeds's highest Days Payable was 39.47. The lowest was 21.59. And the median was 26.42.

BOM:512573's Days Payable is ranked worse than
73.72% of 1792 companies
in the Consumer Packaged Goods industry
Industry Median: 46.105 vs BOM:512573: 28.50

Avanti Feeds's Days Payable declined from Mar. 2023 (30.77) to Mar. 2024 (29.06). It may suggest that Avanti Feeds accelerated paying its suppliers.

Avanti Feeds Days Payable Historical Data

The historical data trend for Avanti Feeds'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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Avanti Feeds Days Payable Chart

Avanti Feeds Annual Data

Trend

Mar15

Mar16

Mar17

Mar18

Mar19

Mar20

Mar21

Mar22

Mar23

Mar24

Days Payable

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21.59

25.20

22.80

25.94

25.45

Avanti Feeds 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															30.77	20.23	36.11	37.05	29.06

Competitive Comparison of Avanti Feeds's Days Payable

For the Packaged Foods subindustry, Avanti Feeds'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.

Avanti Feeds's Days Payable Distribution in the Consumer Packaged Goods Industry

For the Consumer Packaged Goods industry and Consumer Defensive sector, Avanti Feeds's Days Payable distribution charts can be found below:

* The bar in red indicates where Avanti Feeds's Days Payable falls into.

Avanti Feeds 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.

Avanti Feeds'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
=	( (2806.296	+	3212.754)	/	2 )	/	43154.063	*	365
=	3009.525					/	43154.063	*	365
=	25.45

Avanti Feeds'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	+	3212.754)	/	1 )	/	10087.173	*	365 / 4
=	3212.754					/	10087.173	*	365 / 4
=	29.06

Avanti Feeds Days Payable Related Terms

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Avanti Feeds (BOM:512573) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Consumer Defensive » Consumer Packaged Goods » Avanti Feeds Ltd (BOM:512573) » Definitions » Days Payable

Traded in Other Exchanges

AVANTIFEED:India

Address

G-2, Concorde Apartments, 6-3-658, Somajiguda, Hyderabad, TG, IND, 500082

Website

https://www.avantifeeds.com

Avanti Feeds Ltd is an Indian company which is engaged in the manufacturing of prawn and fish feeds and shrimp processor. The company's operating segments include Shrimp Feed, Shrimp Hatchery and Wind Mills. It generates maximum revenue from the Shrimp Feed segment. Geographically, it derives a majority of its revenue from India and also has a presence in the USA and the Rest of the world. Its product includes prawn feed, scampi feed, and fish feed.

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