Keerthi Industries (BOM:518011) Days Payable : 76.33 (As of Mar. 2024)

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What is Keerthi Industries Days Payable?

Keerthi Industries's average Accounts Payable for the three months ended in Mar. 2024 was ₹280 Mil. Keerthi Industries's Cost of Goods Sold for the three months ended in Mar. 2024 was ₹335 Mil. Hence, Keerthi Industries's Days Payable for the three months ended in Mar. 2024 was 76.33.

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

BOM:518011' s Days Payable Range Over the Past 10 Years
Min: 31.21 Med: 57.9 Max: 367.47
Current: 59.94

During the past 13 years, Keerthi Industries's highest Days Payable was 367.47. The lowest was 31.21. And the median was 57.90.

BOM:518011's Days Payable is ranked worse than
55.73% of 375 companies
in the Building Materials industry
Industry Median: 66.04 vs BOM:518011: 59.94

Keerthi Industries's Days Payable increased from Mar. 2023 (33.97) to Mar. 2024 (76.33). It may suggest that Keerthi Industries delayed paying its suppliers.

Keerthi Industries Days Payable Historical Data

The historical data trend for Keerthi Industries'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.

Keerthi Industries Days Payable Chart

Keerthi Industries Annual Data

Trend

Mar15

Mar16

Mar17

Mar18

Mar19

Mar20

Mar21

Mar22

Mar23

Mar24

Days Payable

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46.99

35.70

31.21

33.61

61.68

Keerthi Industries 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															33.97	41.16	63.52	56.64	76.33

Competitive Comparison of Keerthi Industries's Days Payable

For the Building Materials subindustry, Keerthi Industries'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.

Keerthi Industries's Days Payable Distribution in the Building Materials Industry

For the Building Materials industry and Basic Materials sector, Keerthi Industries's Days Payable distribution charts can be found below:

* The bar in red indicates where Keerthi Industries's Days Payable falls into.

Keerthi Industries 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.

Keerthi Industries'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
=	( (158.094	+	280.249)	/	2 )	/	1296.921	*	365
=	219.1715					/	1296.921	*	365
=	61.68

Keerthi Industries'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	+	280.249)	/	1 )	/	335.048	*	365 / 4
=	280.249					/	335.048	*	365 / 4
=	76.33

Keerthi Industries Days Payable Related Terms

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Keerthi Industries (BOM:518011) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Basic Materials » Building Materials » Keerthi Industries Ltd (BOM:518011) » Definitions » Days Payable

Traded in Other Exchanges

N/A

Address

Plot Number 40, IDA, Balanagar, Hyderabad, AP, IND, 500037

Website

http://www.keerthiindustries.com

Keerthi Industries Ltd is engaged in the manufacture and sale of cement and clinker in India. The company's segments include Cement Division, Wind Mill, and Electronics Division. It operates a cement plant with an installed capacity of approximately 297,000 tones pa at its plant located at Mellacharuvu village and Mandal, Nalgonda District, State Andhra Pradesh. The company manufactures flexible and rigid printed circuits. The Electronics Division is located at Balanagar, Industrial Development Area, and Hyderabad, India. Majority of its revenue comes from the Cement segment.

Keerthi Industries (BOM:518011) Headlines

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