Enkei Wheels (India) (BOM:533477) Days Payable : 62.13 (As of Jun. 2024)

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What is Enkei Wheels (India) Days Payable?

Enkei Wheels (India)'s average Accounts Payable for the three months ended in Jun. 2024 was ₹959 Mil. Enkei Wheels (India)'s Cost of Goods Sold for the three months ended in Jun. 2024 was ₹1,409 Mil. Hence, Enkei Wheels (India)'s Days Payable for the three months ended in Jun. 2024 was 62.13.

The historical rank and industry rank for Enkei Wheels (India)'s Days Payable or its related term are showing as below:

BOM:533477' s Days Payable Range Over the Past 10 Years
Min: 34.23 Med: 52.16 Max: 81.46
Current: 51.21

During the past 13 years, Enkei Wheels (India)'s highest Days Payable was 81.46. The lowest was 34.23. And the median was 52.16.

BOM:533477's Days Payable is ranked worse than
62.73% of 1277 companies
in the Vehicles & Parts industry
Industry Median: 65.91 vs BOM:533477: 51.21

Enkei Wheels (India)'s Days Payable increased from Jun. 2023 (46.94) to Jun. 2024 (62.13). It may suggest that Enkei Wheels (India) delayed paying its suppliers.

Enkei Wheels (India) Days Payable Historical Data

The historical data trend for Enkei Wheels (India)'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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Enkei Wheels (India) Days Payable Chart

Enkei Wheels (India) Annual Data

Trend

Mar14

Mar15

Mar16

Mar17

Mar18

Mar19

Dec20

Dec21

Dec22

Dec23

Days Payable

Get a 7-Day Free Trial

38.31

75.19

36.95

34.23

43.93

Enkei Wheels (India) Quarterly Data
	Jun19	Sep19	Dec19	Jun20	Sep20	Dec20	Mar21	Jun21	Sep21	Dec21	Mar22	Jun22	Sep22	Dec22	Mar23	Jun23	Sep23	Dec23	Mar24	Jun24
Days Payable	Get a 7-Day Free Trial															46.94	41.69	52.53	45.75	62.13

Competitive Comparison of Enkei Wheels (India)'s Days Payable

For the Auto Parts subindustry, Enkei Wheels (India)'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.

Enkei Wheels (India)'s Days Payable Distribution in the Vehicles & Parts Industry

For the Vehicles & Parts industry and Consumer Cyclical sector, Enkei Wheels (India)'s Days Payable distribution charts can be found below:

* The bar in red indicates where Enkei Wheels (India)'s Days Payable falls into.

Enkei Wheels (India) 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.

Enkei Wheels (India)'s Days Payable for the fiscal year that ended in Dec. 2023 is calculated as

	Days Payable (A: Dec. 2023 )
=	Average Accounts Payable					/	Cost of Goods Sold	*	Days in Period
=	( (Accounts Payable (A: Dec. 2022 )	+	Accounts Payable (A: Dec. 2023 ))	/	count )	/	Cost of Goods Sold (A: Dec. 2023 )	*	Days in Period
=	( (645.93	+	725.94)	/	2 )	/	5699.17	*	365
=	685.935					/	5699.17	*	365
=	43.93

Enkei Wheels (India)'s Days Payable for the quarter that ended in Jun. 2024 is calculated as:

	Days Payable (Q: Jun. 2024 )
=	Average Accounts Payable					/	Cost of Goods Sold	*	Days in Period
=	( (Accounts Payable (Q: Mar. 2024 )	+	Accounts Payable (Q: Jun. 2024 ))	/	count )	/	Cost of Goods Sold (Q: Jun. 2024 )	*	Days in Period
=	( (0	+	959.46)	/	1 )	/	1409.06	*	365 / 4
=	959.46					/	1409.06	*	365 / 4
=	62.13

Enkei Wheels (India) Days Payable Related Terms

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Enkei Wheels (India) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Consumer Cyclical » Vehicles & Parts » Enkei Wheels (India) Ltd (BOM:533477) » Definitions » Days Payable

Comparable Companies

Traded in Other Exchanges

N/A

Address

Gat No. 1425, Village Shikrapur, Taluka Shirur, Pune, IND, 412208

Website

http://www.enkei.in

Enkei Wheels (India) Ltd is involved in the manufacturing of aluminum alloy casting wheels for two-wheelers as well as four-wheelers. The company only operating business segment that is Automotive Wheels. It sells its product in two forms that are manufactured goods; which consist of wheels for two and four-wheeler vehicles, and traded goods; which include wheels for four-wheelers and accessories.

Enkei Wheels (India) Headlines

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