Waaree Renewable Technologies (BOM:534618) Days Payable : 142.86 (As of Mar. 2024)

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What is Waaree Renewable Technologies Days Payable?

Waaree Renewable Technologies's average Accounts Payable for the three months ended in Mar. 2024 was ₹2,975 Mil. Waaree Renewable Technologies's Cost of Goods Sold for the three months ended in Mar. 2024 was ₹1,900 Mil. Hence, Waaree Renewable Technologies's Days Payable for the three months ended in Mar. 2024 was 142.86.

The historical rank and industry rank for Waaree Renewable Technologies's Days Payable or its related term are showing as below:

BOM:534618' s Days Payable Range Over the Past 10 Years
Min: 90.27 Med: 605.71 Max: 74983.17
Current: 102.55

During the past 13 years, Waaree Renewable Technologies's highest Days Payable was 74983.17. The lowest was 90.27. And the median was 605.71.

BOM:534618's Days Payable is ranked better than
58.72% of 390 companies
in the Utilities - Independent Power Producers industry
Industry Median: 78.315 vs BOM:534618: 102.55

Waaree Renewable Technologies's Days Payable declined from Mar. 2023 (195.43) to Mar. 2024 (142.86). It may suggest that Waaree Renewable Technologies accelerated paying its suppliers.

Waaree Renewable Technologies Days Payable Historical Data

The historical data trend for Waaree Renewable Technologies'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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Waaree Renewable Technologies Days Payable Chart

Waaree Renewable Technologies Annual Data

Trend

Mar15

Mar16

Mar17

Mar18

Mar19

Mar20

Mar21

Mar22

Mar23

Mar24

Days Payable

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74,983.17

605.71

90.27

95.66

105.31

Waaree Renewable Technologies 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															195.43	62.56	134.01	68.22	142.86

Competitive Comparison of Waaree Renewable Technologies's Days Payable

For the Utilities - Renewable subindustry, Waaree Renewable Technologies'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.

Waaree Renewable Technologies's Days Payable Distribution in the Utilities - Independent Power Producers Industry

For the Utilities - Independent Power Producers industry and Utilities sector, Waaree Renewable Technologies's Days Payable distribution charts can be found below:

* The bar in red indicates where Waaree Renewable Technologies's Days Payable falls into.

Waaree Renewable Technologies 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.

Waaree Renewable Technologies'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
=	( (746.132	+	2975.241)	/	2 )	/	6449.01	*	365
=	1860.6865					/	6449.01	*	365
=	105.31

Waaree Renewable Technologies'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	+	2975.241)	/	1 )	/	1900.425	*	365 / 4
=	2975.241					/	1900.425	*	365 / 4
=	142.86

Waaree Renewable Technologies Days Payable Related Terms

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Waaree Renewable Technologies (BOM:534618) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Utilities » Utilities - Independent Power Producers » Waaree Renewable Technologies Ltd (BOM:534618) » Definitions » Days Payable

Traded in Other Exchanges

N/A

Address

Opposite Western Express Highway, 504, Western Edge - I, Borivali (East), Mumbai, MH, IND, 400066

Website

https://www.waareertl.com

Waaree Renewable Technologies Ltd is engaged in the business of generation of power and providing consultancy services. It offers sustainable partnerships by providing renewable energy solutions to industrial, institutional, and commercial sectors and improves their profitability through the long-term renewable power supply. It generates maximum revenue from the EPC Contracts. Its projects include Ground Mounted, Rooftop Solar, and Floating Solar.

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