Patels Airtemp (India) (BOM:517417) Days Payable : 98.01 (As of Sep. 2024)

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What is Patels Airtemp (India) Days Payable?

Patels Airtemp (India)'s average Accounts Payable for the three months ended in Sep. 2024 was ₹534 Mil. Patels Airtemp (India)'s Cost of Goods Sold for the three months ended in Sep. 2024 was ₹498 Mil. Hence, Patels Airtemp (India)'s Days Payable for the three months ended in Sep. 2024 was 98.01.

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

BOM:517417' s Days Payable Range Over the Past 10 Years
Min: 49.93 Med: 103.66 Max: 143.9
Current: 112.98

During the past 13 years, Patels Airtemp (India)'s highest Days Payable was 143.90. The lowest was 49.93. And the median was 103.66.

BOM:517417's Days Payable is ranked better than
67.75% of 2927 companies
in the Industrial Products industry
Industry Median: 76.17 vs BOM:517417: 112.98

Patels Airtemp (India)'s Days Payable declined from Jun. 2023 (130.05) to Sep. 2024 (98.01). It may suggest that Patels Airtemp (India) accelerated paying its suppliers.

Patels Airtemp (India) Days Payable Historical Data

The historical data trend for Patels Airtemp (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.

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Patels Airtemp (India) Days Payable Chart

Patels Airtemp (India) Annual Data

Trend

Mar15

Mar16

Mar17

Mar18

Mar19

Mar20

Mar21

Mar22

Mar23

Mar24

Days Payable

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112.32

143.90

90.77

116.39

107.12

Patels Airtemp (India) Quarterly Data
	Sep19	Dec19	Mar20	Jun20	Sep20	Dec20	Mar21	Jun21	Sep21	Dec21	Mar22	Jun22	Sep22	Dec22	Mar23	Jun23	Sep23	Dec23	Mar24	Sep24
Days Payable	Get a 7-Day Free Trial															130.05	121.01	119.88	75.72	98.01

Competitive Comparison of Patels Airtemp (India)'s Days Payable

For the Specialty Industrial Machinery subindustry, Patels Airtemp (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.

Patels Airtemp (India)'s Days Payable Distribution in the Industrial Products Industry

For the Industrial Products industry and Industrials sector, Patels Airtemp (India)'s Days Payable distribution charts can be found below:

* The bar in red indicates where Patels Airtemp (India)'s Days Payable falls into.

Patels Airtemp (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.

Patels Airtemp (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
=	( (760.934	+	737.817)	/	2 )	/	2553.48	*	365
=	749.3755					/	2553.48	*	365
=	107.12

Patels Airtemp (India)'s Days Payable for the quarter that ended in Sep. 2024 is calculated as:

	Days Payable (Q: Sep. 2024 )
=	Average Accounts Payable					/	Cost of Goods Sold	*	Days in Period
=	( (Accounts Payable (Q: Mar. 2024 )	+	Accounts Payable (Q: Sep. 2024 ))	/	count )	/	Cost of Goods Sold (Q: Sep. 2024 )	*	Days in Period
=	( (737.817	+	331.181)	/	2 )	/	497.642	*	365 / 4
=	534.499					/	497.642	*	365 / 4
=	98.01

Patels Airtemp (India) Days Payable Related Terms

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Patels Airtemp (India) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Industrials » Industrial Products » Patels Airtemp (India) Ltd (BOM:517417) » Definitions » Days Payable

Comparable Companies

Traded in Other Exchanges

N/A

Address

5th Floor, Kalpana Complex, Near Memnagar Fire Station, Navrangpura, Ahmedabad, GJ, IND, 380009

Website

https://www.patelsairtemp.com

Patels Airtemp (India) Ltd is in the engineering industry and is engaged in manufacturing/fabricating tailor-made machines. The company manufactures and sells heat exchangers such as shell and tube type, finned tube type and air-cooled heat exchangers, pressure vessels, air-conditioning and refrigeration equipment, and turnkey HVAC projects in India, and marketing of equipment outside India. The products are supplied to Industrial sections like power projects, refineries, fertilizers, cement, petrochemicals, pharmaceuticals, textile, and chemical industries. The company also has a wholly owned subsidiary company Patels Airtemp (USA) Inc. in the USA.

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