Zenith Healthcare (BOM:530665) Days Payable : 61.88 (As of Dec. 2023)

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What is Zenith Healthcare Days Payable?

Zenith Healthcare's average Accounts Payable for the three months ended in Dec. 2023 was ₹14.0 Mil. Zenith Healthcare's Cost of Goods Sold for the three months ended in Dec. 2023 was ₹20.6 Mil. Hence, Zenith Healthcare's Days Payable for the three months ended in Dec. 2023 was 61.88.

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

BOM:530665' s Days Payable Range Over the Past 10 Years
Min: 39.91 Med: 68.25 Max: 132.28
Current: 71.94

During the past 13 years, Zenith Healthcare's highest Days Payable was 132.28. The lowest was 39.91. And the median was 68.25.

BOM:530665's Days Payable is ranked worse than
59.45% of 974 companies
in the Drug Manufacturers industry
Industry Median: 89.21 vs BOM:530665: 71.94

Zenith Healthcare's Days Payable declined from Dec. 2022 (71.92) to Dec. 2023 (61.88). It may suggest that Zenith Healthcare accelerated paying its suppliers.

Zenith Healthcare Days Payable Historical Data

The historical data trend for Zenith Healthcare'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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Zenith Healthcare Days Payable Chart

Zenith Healthcare Annual Data

Trend

Mar14

Mar15

Mar16

Mar17

Mar18

Mar19

Mar20

Mar21

Mar22

Mar23

Days Payable

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57.14

63.42

73.07

39.91

52.70

Zenith Healthcare 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															71.92	84.35	42.91	77.99	61.88

Competitive Comparison of Zenith Healthcare's Days Payable

For the Drug Manufacturers - Specialty & Generic subindustry, Zenith Healthcare'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.

Zenith Healthcare's Days Payable Distribution in the Drug Manufacturers Industry

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

* The bar in red indicates where Zenith Healthcare's Days Payable falls into.

Zenith Healthcare 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.

Zenith Healthcare'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
=	( (12.966	+	11.309)	/	2 )	/	84.067	*	365
=	12.1375					/	84.067	*	365
=	52.70

Zenith Healthcare'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
=	( (13.978	+	0)	/	1 )	/	20.613	*	365 / 4
=	13.978					/	20.613	*	365 / 4
=	61.88

Zenith Healthcare Days Payable Related Terms

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Zenith Healthcare (BOM:530665) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Healthcare » Drug Manufacturers » Zenith Healthcare Ltd (BOM:530665) » Definitions » Days Payable

Traded in Other Exchanges

N/A

Address

Prahladnagar Cross Road, S. G. Road, 504, Iscon Elegance, Near Ananddham Jain Derasar, Ahmedabad, GJ, IND, 380051

Website

https://www.zenithhealthcare.com

Zenith Healthcare Ltd is an India-based pharmaceutical company. It is engaged in manufacturing and trading of pharmaceutical formulations. The company also undertakes contracts for manufacturing business. It manufactures pharmaceutical formulations in the form of Tablets, Capsules, Oral liquid and Injectable. The company sells its products in India and also exports internationally.

Zenith Healthcare (BOM:530665) Headlines

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