Pitti Engineering (BOM:513519) Days Payable : 97.11 (As of Mar. 2024)

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What is Pitti Engineering Days Payable?

Pitti Engineering's average Accounts Payable for the three months ended in Mar. 2024 was ₹2,276 Mil. Pitti Engineering's Cost of Goods Sold for the three months ended in Mar. 2024 was ₹2,138 Mil. Hence, Pitti Engineering's Days Payable for the three months ended in Mar. 2024 was 97.11.

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

BOM:513519' s Days Payable Range Over the Past 10 Years
Min: 85.41 Med: 109.22 Max: 170.96
Current: 103.55

During the past 13 years, Pitti Engineering's highest Days Payable was 170.96. The lowest was 85.41. And the median was 109.22.

BOM:513519's Days Payable is ranked better than
64.29% of 2929 companies
in the Industrial Products industry
Industry Median: 76.43 vs BOM:513519: 103.55

Pitti Engineering's Days Payable declined from Mar. 2023 (135.71) to Mar. 2024 (97.11). It may suggest that Pitti Engineering accelerated paying its suppliers.

Pitti Engineering Days Payable Historical Data

The historical data trend for Pitti Engineering'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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Pitti Engineering Days Payable Chart

Pitti Engineering Annual Data

Trend

Mar15

Mar16

Mar17

Mar18

Mar19

Mar20

Mar21

Mar22

Mar23

Mar24

Days Payable

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102.43

106.38

85.41

110.00

108.44

Pitti Engineering 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															135.71	113.55	96.01	97.69	97.11

Competitive Comparison of Pitti Engineering's Days Payable

For the Metal Fabrication subindustry, Pitti Engineering'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.

Pitti Engineering's Days Payable Distribution in the Industrial Products Industry

For the Industrial Products industry and Industrials sector, Pitti Engineering's Days Payable distribution charts can be found below:

* The bar in red indicates where Pitti Engineering's Days Payable falls into.

Pitti Engineering 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.

Pitti Engineering'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
=	( (2513.034	+	2275.517)	/	2 )	/	8059.137	*	365
=	2394.2755					/	8059.137	*	365
=	108.44

Pitti Engineering'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	+	2275.517)	/	1 )	/	2138.122	*	365 / 4
=	2275.517					/	2138.122	*	365 / 4
=	97.11

Pitti Engineering Days Payable Related Terms

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Pitti Engineering (BOM:513519) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Industrials » Industrial Products » Pitti Engineering Ltd (BOM:513519) » Definitions » Days Payable

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PITTIENG:India

Address

Padmaja Landmark, 6-3-648/401, 4th Floor, Somajiguda, Hyderabad, TG, IND, 500082

Website

https://www.pitti.in

Pitti Engineering Ltd is a company engaged in the manufacture of special-purpose laminations of all types of rotating electrical machinery. It is also into manufacturing electrical steel laminations, motor cores, sub-assemblies, die-cast rotors, and press tools. The company's products have applications in industrial motors, alternators, hydroelectric and thermal power generators, wind power generators, DC machines, railway traction motors, pumps, medical diagnostic equipment, and aeronautic wing control motors. It sells its products both in domestic and international markets and generates maximum revenue from India.

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