Riddhi Siddhi Gluco Biols (BOM:524480) Days Payable : 8.60 (As of Dec. 2023)

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What is Riddhi Siddhi Gluco Biols Days Payable?

Riddhi Siddhi Gluco Biols's average Accounts Payable for the three months ended in Dec. 2023 was ₹117 Mil. Riddhi Siddhi Gluco Biols's Cost of Goods Sold for the three months ended in Dec. 2023 was ₹1,246 Mil. Hence, Riddhi Siddhi Gluco Biols's Days Payable for the three months ended in Dec. 2023 was 8.60.

The historical rank and industry rank for Riddhi Siddhi Gluco Biols's Days Payable or its related term are showing as below:

BOM:524480' s Days Payable Range Over the Past 10 Years
Min: 0.94 Med: 72.39 Max: 140.95
Current: 25.51

During the past 13 years, Riddhi Siddhi Gluco Biols's highest Days Payable was 140.95. The lowest was 0.94. And the median was 72.39.

BOM:524480's Days Payable is ranked worse than
86.38% of 235 companies
in the Agriculture industry
Industry Median: 78.42 vs BOM:524480: 25.51

Riddhi Siddhi Gluco Biols's Days Payable declined from Dec. 2022 (187.46) to Dec. 2023 (8.60). It may suggest that Riddhi Siddhi Gluco Biols accelerated paying its suppliers.

Riddhi Siddhi Gluco Biols Days Payable Historical Data

The historical data trend for Riddhi Siddhi Gluco Biols'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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Riddhi Siddhi Gluco Biols Days Payable Chart

Riddhi Siddhi Gluco Biols Annual Data

Trend

Mar14

Mar15

Mar16

Mar17

Mar18

Mar19

Mar20

Mar21

Mar22

Mar23

Days Payable

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70.52

73.42

71.36

140.95

81.90

Riddhi Siddhi Gluco Biols Quarterly Data
	Mar19	Jun19	Sep19	Dec19	Mar20	Jun20	Sep20	Dec20	Mar21	Jun21	Sep21	Dec21	Mar22	Jun22	Sep22	Dec22	Mar23	Jun23	Sep23	Dec23
Days Payable	Get a 7-Day Free Trial															187.46	13.54	16.47	198.07	8.60

Competitive Comparison of Riddhi Siddhi Gluco Biols's Days Payable

For the Agricultural Inputs subindustry, Riddhi Siddhi Gluco Biols'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.

Riddhi Siddhi Gluco Biols's Days Payable Distribution in the Agriculture Industry

For the Agriculture industry and Basic Materials sector, Riddhi Siddhi Gluco Biols's Days Payable distribution charts can be found below:

* The bar in red indicates where Riddhi Siddhi Gluco Biols's Days Payable falls into.

Riddhi Siddhi Gluco Biols 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.

Riddhi Siddhi Gluco Biols's Days Payable for the fiscal year that ended in Mar. 2023 is calculated as

	Days Payable (A: Mar. 2023 )
=	Average Accounts Payable					/	Cost of Goods Sold	*	Days in Period
=	( (Accounts Payable (A: Mar. 2022 )	+	Accounts Payable (A: Mar. 2023 ))	/	count )	/	Cost of Goods Sold (A: Mar. 2023 )	*	Days in Period
=	( (540.571	+	98.056)	/	2 )	/	1423.124	*	365
=	319.3135					/	1423.124	*	365
=	81.90

Riddhi Siddhi Gluco Biols's Days Payable for the quarter that ended in Dec. 2023 is calculated as:

	Days Payable (Q: Dec. 2023 )
=	Average Accounts Payable					/	Cost of Goods Sold	*	Days in Period
=	( (Accounts Payable (Q: Sep. 2023 )	+	Accounts Payable (Q: Dec. 2023 ))	/	count )	/	Cost of Goods Sold (Q: Dec. 2023 )	*	Days in Period
=	( (117.448	+	0)	/	1 )	/	1245.537	*	365 / 4
=	117.448					/	1245.537	*	365 / 4
=	8.60

Riddhi Siddhi Gluco Biols Days Payable Related Terms

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Riddhi Siddhi Gluco Biols (BOM:524480) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Basic Materials » Agriculture » Riddhi Siddhi Gluco Biols Ltd (BOM:524480) » Definitions » Days Payable

Comparable Companies

Traded in Other Exchanges

N/A

Address

Ambali - Bopal Road, 10, Abhishree Corporate Park, Near Swagat Bunglows BRTS Bus Stop, Ambali, Ahmedabad, GJ, IND, 380 058

Website

https://www.riddhisiddhi.co.in

Riddhi Siddhi Gluco Biols Ltd is engaged in the business of generation and selling power through windmills and trading of agriculture and metal commodity items. The company operates in various business segments that include Wind Energy Generation and Commodity Trading Business. The business caters to the domestic and international markets. The company generates the majority of its revenue from the Trading business, which is the sale of agricultural commodities.

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