Ind-Swift (BOM:524652) Days Payable : 257.50 (As of Mar. 2024)

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What is Ind-Swift Days Payable?

Ind-Swift's average Accounts Payable for the three months ended in Mar. 2024 was ₹2,019 Mil. Ind-Swift's Cost of Goods Sold for the three months ended in Mar. 2024 was ₹715 Mil. Hence, Ind-Swift's Days Payable for the three months ended in Mar. 2024 was 257.50.

The historical rank and industry rank for Ind-Swift's Days Payable or its related term are showing as below:

BOM:524652' s Days Payable Range Over the Past 10 Years
Min: 158.5 Med: 342.79 Max: 398.68
Current: 289.61

During the past 13 years, Ind-Swift's highest Days Payable was 398.68. The lowest was 158.50. And the median was 342.79.

BOM:524652's Days Payable is ranked better than
88.8% of 973 companies
in the Drug Manufacturers industry
Industry Median: 88.69 vs BOM:524652: 289.61

Ind-Swift's Days Payable declined from Mar. 2023 (369.42) to Mar. 2024 (257.50). It may suggest that Ind-Swift accelerated paying its suppliers.

Ind-Swift Days Payable Historical Data

The historical data trend for Ind-Swift'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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Ind-Swift Days Payable Chart

Ind-Swift Annual Data

Trend

Mar15

Mar16

Mar17

Mar18

Mar19

Mar20

Mar21

Mar22

Mar23

Mar24

Days Payable

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366.48

398.68

336.98

367.14

283.39

Ind-Swift 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															369.42	236.21	338.84	377.15	257.50

Competitive Comparison of Ind-Swift's Days Payable

For the Drug Manufacturers - Specialty & Generic subindustry, Ind-Swift'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.

Ind-Swift's Days Payable Distribution in the Drug Manufacturers Industry

For the Drug Manufacturers industry and Healthcare sector, Ind-Swift's Days Payable distribution charts can be found below:

* The bar in red indicates where Ind-Swift's Days Payable falls into.

Ind-Swift 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.

Ind-Swift'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
=	( (2347.289	+	2018.91)	/	2 )	/	2811.764	*	365
=	2183.0995					/	2811.764	*	365
=	283.39

Ind-Swift'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	+	2018.91)	/	1 )	/	715.45	*	365 / 4
=	2018.91					/	715.45	*	365 / 4
=	257.50

Ind-Swift Days Payable Related Terms

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Ind-Swift (BOM:524652) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Healthcare » Drug Manufacturers » Ind-Swift Ltd (BOM:524652) » Definitions » Days Payable

Traded in Other Exchanges

INDSWFTLTD:India

Address

781, Industrial Area, Phase II, Chandigarh, IND, 160002

Website

http://www.indswiftltd.com

Ind-Swift Ltd is an India-based pharmaceutical company. It engages in the manufacturing and marketing of pharmaceutical products. The company's products are classified into divisions namely, Generic Division, NOVA Division, Ethical Division, Nobel Division, Herba Plus Division, Institution Division, and Proposed Division. The manufacturing facilities of the firm are situated in (Derabassi)Punjab, India. Substantial revenue accrues from export sales of products.

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