Aries Agro (BOM:532935) Days Payable : 99.15 (As of Dec. 2023)

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What is Aries Agro Days Payable?

Aries Agro's average Accounts Payable for the three months ended in Dec. 2023 was ₹775 Mil. Aries Agro's Cost of Goods Sold for the three months ended in Dec. 2023 was ₹713 Mil. Hence, Aries Agro's Days Payable for the three months ended in Dec. 2023 was 99.15.

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

BOM:532935' s Days Payable Range Over the Past 10 Years
Min: 77.39 Med: 89.21 Max: 156.13
Current: 100.01

During the past 13 years, Aries Agro's highest Days Payable was 156.13. The lowest was 77.39. And the median was 89.21.

BOM:532935's Days Payable is ranked better than
57.87% of 235 companies
in the Agriculture industry
Industry Median: 78.42 vs BOM:532935: 100.01

Aries Agro's Days Payable declined from Dec. 2022 (130.26) to Dec. 2023 (99.15). It may suggest that Aries Agro accelerated paying its suppliers.

Aries Agro Days Payable Historical Data

The historical data trend for Aries Agro'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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Aries Agro Days Payable Chart

Aries Agro Annual Data

Trend

Mar14

Mar15

Mar16

Mar17

Mar18

Mar19

Mar20

Mar21

Mar22

Mar23

Days Payable

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156.13

144.97

96.96

86.39

85.85

Aries Agro 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															130.26	69.13	105.50	92.16	99.15

Competitive Comparison of Aries Agro's Days Payable

For the Agricultural Inputs subindustry, Aries Agro'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.

Aries Agro's Days Payable Distribution in the Agriculture Industry

For the Agriculture industry and Basic Materials sector, Aries Agro's Days Payable distribution charts can be found below:

* The bar in red indicates where Aries Agro's Days Payable falls into.

Aries Agro 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.

Aries Agro'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
=	( (694.513	+	617.084)	/	2 )	/	2788.234	*	365
=	655.7985					/	2788.234	*	365
=	85.85

Aries Agro'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
=	( (775.226	+	0)	/	1 )	/	713.428	*	365 / 4
=	775.226					/	713.428	*	365 / 4
=	99.15

Aries Agro Days Payable Related Terms

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Aries Agro (BOM:532935) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Basic Materials » Agriculture » Aries Agro Ltd (BOM:532935) » Definitions » Days Payable

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ARIES:India

Address

Aries House, Plot Number 24, Deonar, Govandi (East), Mumbai, MH, IND, 400043

Website

https://www.ariesagro.com

Aries Agro Ltd is involved in the business of manufacturing of micronutrients and other customized nutritional products for plants and animals. The organization has only one business segment, Agri inputs. The company also deals in Veterinary products on a small scale. It has also started dealing and manufacturing Soluble fertilizers and Sulphur based fertilizers. Some of the products produced by the company are agromin soil application, ASA max powder, ASA granules, Chelamin, macrofert, chelacop, and fishmin.

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