Vikas EcoTech (BOM:530961) Days Payable : 37.95 (As of Dec. 2023)

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What is Vikas EcoTech Days Payable?

Vikas EcoTech's average Accounts Payable for the three months ended in Dec. 2023 was ₹249 Mil. Vikas EcoTech's Cost of Goods Sold for the three months ended in Dec. 2023 was ₹598 Mil. Hence, Vikas EcoTech's Days Payable for the three months ended in Dec. 2023 was 37.95.

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

BOM:530961' s Days Payable Range Over the Past 10 Years
Min: 21.24 Med: 62.23 Max: 108.56
Current: 47.18

During the past 13 years, Vikas EcoTech's highest Days Payable was 108.56. The lowest was 21.24. And the median was 62.23.

BOM:530961's Days Payable is ranked worse than
64.43% of 1504 companies
in the Chemicals industry
Industry Median: 61.065 vs BOM:530961: 47.18

Vikas EcoTech's Days Payable increased from Dec. 2022 (30.94) to Dec. 2023 (37.95). It may suggest that Vikas EcoTech delayed paying its suppliers.

Vikas EcoTech Days Payable Historical Data

The historical data trend for Vikas EcoTech'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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Vikas EcoTech Days Payable Chart

Vikas EcoTech Annual Data

Trend

Mar14

Mar15

Mar16

Mar17

Mar18

Mar19

Mar20

Mar21

Mar22

Mar23

Days Payable

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82.22

95.70

108.56

43.75

21.24

Vikas EcoTech 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															30.94	41.38	49.33	42.93	37.95

Competitive Comparison of Vikas EcoTech's Days Payable

For the Specialty Chemicals subindustry, Vikas EcoTech'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.

Vikas EcoTech's Days Payable Distribution in the Chemicals Industry

For the Chemicals industry and Basic Materials sector, Vikas EcoTech's Days Payable distribution charts can be found below:

* The bar in red indicates where Vikas EcoTech's Days Payable falls into.

Vikas EcoTech 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.

Vikas EcoTech'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
=	( (153.274	+	270.268)	/	2 )	/	3639.502	*	365
=	211.771					/	3639.502	*	365
=	21.24

Vikas EcoTech'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
=	( (248.87	+	0)	/	1 )	/	598.473	*	365 / 4
=	248.87					/	598.473	*	365 / 4
=	37.95

Vikas EcoTech Days Payable Related Terms

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Vikas EcoTech (BOM:530961) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Basic Materials » Chemicals » Vikas EcoTech Ltd (BOM:530961) » Definitions » Days Payable

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VIKASECO:India

Address

34/1, Vikas Apartments, East Punjabi Bagh, New Delhi, IND, 110026

Website

http://www.vikasecotech.com

Vikas EcoTech Ltd is a specialty chemicals company. The company is engaged in the business of manufacturing and distribution of specialty additives including agrochemicals and rubber-plastic and polymer compounds. The Company has identified three business segments which are Infra & Energy, Chemical, Polymers & Special Additives, Real Estate. Its polymer compounds offering includes thermoplastic rubber (TPR), thermoplastic elastomer (TPE), Ethylene Vinyl Acetate (EVA), impact modifiers, Polyethylene (PE), and Polypropylene (PP).

Vikas EcoTech (BOM:530961) Headlines

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