Ganga Pharmaceuticals (BOM:539680) Days Payable : 46.86 (As of Sep. 2024)

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What is Ganga Pharmaceuticals Days Payable?

Ganga Pharmaceuticals's average Accounts Payable for the six months ended in Sep. 2024 was ₹1.59 Mil. Ganga Pharmaceuticals's Cost of Goods Sold for the six months ended in Sep. 2024 was ₹6.19 Mil. Hence, Ganga Pharmaceuticals's Days Payable for the six months ended in Sep. 2024 was 46.86.

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

BOM:539680' s Days Payable Range Over the Past 10 Years
Min: 76.79 Med: 144.87 Max: 249.68
Current: 76.79

During the past 10 years, Ganga Pharmaceuticals's highest Days Payable was 249.68. The lowest was 76.79. And the median was 144.87.

BOM:539680's Days Payable is ranked worse than
55.94% of 935 companies
in the Drug Manufacturers industry
Industry Median: 86.61 vs BOM:539680: 76.79

Ganga Pharmaceuticals's Days Payable declined from Sep. 2023 (153.24) to Sep. 2024 (46.86). It may suggest that Ganga Pharmaceuticals accelerated paying its suppliers.

Ganga Pharmaceuticals Days Payable Historical Data

The historical data trend for Ganga Pharmaceuticals'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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Ganga Pharmaceuticals Days Payable Chart

Ganga Pharmaceuticals Annual Data

Trend

Mar15

Mar16

Mar17

Mar18

Mar19

Mar20

Mar21

Mar22

Mar23

Mar24

Days Payable

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157.88

147.14

138.15

162.93

99.73

Ganga Pharmaceuticals Semi-Annual Data
	Mar15	Sep15	Mar16	Sep16	Mar17	Sep17	Mar18	Sep18	Mar19	Sep19	Mar20	Sep20	Mar21	Sep21	Mar22	Sep22	Mar23	Sep23	Mar24	Sep24
Days Payable	Get a 7-Day Free Trial															175.45	183.53	153.24	82.91	46.86

Competitive Comparison of Ganga Pharmaceuticals's Days Payable

For the Drug Manufacturers - Specialty & Generic subindustry, Ganga Pharmaceuticals'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.

Ganga Pharmaceuticals's Days Payable Distribution in the Drug Manufacturers Industry

For the Drug Manufacturers industry and Healthcare sector, Ganga Pharmaceuticals's Days Payable distribution charts can be found below:

* The bar in red indicates where Ganga Pharmaceuticals's Days Payable falls into.

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Ganga Pharmaceuticals 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.

Ganga Pharmaceuticals'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
=	( (5.809	+	0.999)	/	2 )	/	12.458	*	365
=	3.404					/	12.458	*	365
=	99.73

Ganga Pharmaceuticals's Days Payable for the quarter that ended in Sep. 2024 is calculated as:

	Days Payable (Q: Sep. 2024 )
=	Average Accounts Payable					/	Cost of Goods Sold	*	Days in Period
=	( (Accounts Payable (Q: Mar. 2024 )	+	Accounts Payable (Q: Sep. 2024 ))	/	count )	/	Cost of Goods Sold (Q: Sep. 2024 )	*	Days in Period
=	( (0.999	+	2.179)	/	2 )	/	6.189	*	365 / 2
=	1.589					/	6.189	*	365 / 2
=	46.86

Ganga Pharmaceuticals Days Payable Related Terms

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Ganga Pharmaceuticals Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Healthcare » Drug Manufacturers » Ganga Pharmaceuticals Ltd (BOM:539680) » Definitions » Days Payable

Traded in Other Exchanges

N/A

Address

Dhanvantri Marg, Gangatat, Gopcharpada, Near Digi 1 Electronic Showroom, Virar (East), Palghar, MH, IND, 401305

Website

https://www.ayurvedganga.com

Ganga Pharmaceuticals Ltd is an India based producer of ayurvedic medicines. It is engaged in the business of manufacturing and trading in ayurvedic pharmaceuticals and allied products. The company is also involved in the marketing and distribution of bulk ayurvedic medicines. The firm offers ayurvedic medicines for acidity, anti-dandruff, anti-oxidants, dental care, diarrhea, iron tonic, liver disorder, weight management, kidney stone, joint pains, liver disorder and others.

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