Rane Engine Valve (BOM:532988) Days Payable : 108.33 (As of Mar. 2024)

View and export this data going back to 2008. Start your Free Trial

What is Rane Engine Valve Days Payable?

Rane Engine Valve's average Accounts Payable for the three months ended in Mar. 2024 was ₹786 Mil. Rane Engine Valve's Cost of Goods Sold for the three months ended in Mar. 2024 was ₹662 Mil. Hence, Rane Engine Valve's Days Payable for the three months ended in Mar. 2024 was 108.33.

The historical rank and industry rank for Rane Engine Valve's Days Payable or its related term are showing as below:

BOM:532988' s Days Payable Range Over the Past 10 Years
Min: 80.85 Med: 105.82 Max: 124.98
Current: 121.19

During the past 13 years, Rane Engine Valve's highest Days Payable was 124.98. The lowest was 80.85. And the median was 105.82.

BOM:532988's Days Payable is ranked better than
78.59% of 1261 companies
in the Vehicles & Parts industry
Industry Median: 66.66 vs BOM:532988: 121.19

Rane Engine Valve's Days Payable declined from Mar. 2023 (119.73) to Mar. 2024 (108.33). It may suggest that Rane Engine Valve accelerated paying its suppliers.

Rane Engine Valve Days Payable Historical Data

The historical data trend for Rane Engine Valve'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.

* Premium members only.

Rane Engine Valve Days Payable Chart

Rane Engine Valve Annual Data

Trend

Mar15

Mar16

Mar17

Mar18

Mar19

Mar20

Mar21

Mar22

Mar23

Mar24

Days Payable

Get a 7-Day Free Trial

114.75

124.98

113.24

111.41

116.29

Rane Engine Valve 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															119.73	122.86	127.80	137.17	108.33

Competitive Comparison of Rane Engine Valve's Days Payable

For the Auto Parts subindustry, Rane Engine Valve'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.

Rane Engine Valve's Days Payable Distribution in the Vehicles & Parts Industry

For the Vehicles & Parts industry and Consumer Cyclical sector, Rane Engine Valve's Days Payable distribution charts can be found below:

* The bar in red indicates where Rane Engine Valve's Days Payable falls into.

Rane Engine Valve 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.

Rane Engine Valve'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
=	( (782.7	+	785.7)	/	2 )	/	2461.4	*	365
=	784.2					/	2461.4	*	365
=	116.29

Rane Engine Valve'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	+	785.7)	/	1 )	/	661.8	*	365 / 4
=	785.7					/	661.8	*	365 / 4
=	108.33

Rane Engine Valve Days Payable Related Terms

Thank you for viewing the detailed overview of Rane Engine Valve's Days Payable provided by GuruFocus.com. Please click on the following links to see related term pages.

Rane Engine Valve (BOM:532988) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Consumer Cyclical » Vehicles & Parts » Rane Engine Valve Ltd (BOM:532988) » Definitions » Days Payable

Comparable Companies

Traded in Other Exchanges

RANEENGINE:India

Address

Jawaharlal Nehru Road, 2nd Floor, ESPEE IT PARK, Developed Plot No: 5 (NP), Ekkatuthangal, Guindy, Chennai, TN, IND, 600 032

Website

https://www.ranegroup.com

Rane Engine Valve Ltd is an India-based company, which is engaged in the manufacturing and marketing of auto components for the transportation industry. The company manufactures components for internal combustion engine industry applicable for stationary and transportation engine applications. It offers engine valves, valve guides, tappets for passenger cars, commercial vehicles, farm tractors, stationary engines, locomotive and marine engines, and two and three-wheelers.

Rane Engine Valve (BOM:532988) Headlines

No Headlines