Varroc Engineering (BOM:541578) Days Payable : 94.05 (As of Jun. 2024)

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What is Varroc Engineering Days Payable?

Varroc Engineering's average Accounts Payable for the three months ended in Jun. 2024 was ₹12,237 Mil. Varroc Engineering's Cost of Goods Sold for the three months ended in Jun. 2024 was ₹11,873 Mil. Hence, Varroc Engineering's Days Payable for the three months ended in Jun. 2024 was 94.05.

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

BOM:541578' s Days Payable Range Over the Past 10 Years
Min: 79.69 Med: 96 Max: 339.1
Current: 91.29

During the past 10 years, Varroc Engineering's highest Days Payable was 339.10. The lowest was 79.69. And the median was 96.00.

BOM:541578's Days Payable is ranked better than
69.07% of 1277 companies
in the Vehicles & Parts industry
Industry Median: 65.91 vs BOM:541578: 91.29

Varroc Engineering's Days Payable declined from Jun. 2023 (95.67) to Jun. 2024 (94.05). It may suggest that Varroc Engineering accelerated paying its suppliers.

Varroc Engineering Days Payable Historical Data

The historical data trend for Varroc Engineering'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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Varroc Engineering Days Payable Chart

Varroc Engineering Annual Data

Trend

Mar15

Mar16

Mar17

Mar18

Mar19

Mar20

Mar21

Mar22

Mar23

Mar24

Days Payable

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112.23

339.10

198.49

100.08

89.63

Varroc Engineering Quarterly Data
	Sep19	Dec19	Mar20	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															95.67	100.28	99.77	80.17	94.05

Competitive Comparison of Varroc Engineering's Days Payable

For the Auto Parts subindustry, Varroc Engineering'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.

Varroc Engineering's Days Payable Distribution in the Vehicles & Parts Industry

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

* The bar in red indicates where Varroc Engineering's Days Payable falls into.

Varroc Engineering 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.

Varroc Engineering'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
=	( (11964.89	+	12237.11)	/	2 )	/	49280.4	*	365
=	12101					/	49280.4	*	365
=	89.63

Varroc Engineering'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
=	( (12237.11	+	0)	/	1 )	/	11872.89	*	365 / 4
=	12237.11					/	11872.89	*	365 / 4
=	94.05

Varroc Engineering Days Payable Related Terms

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Varroc Engineering Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Consumer Cyclical » Vehicles & Parts » Varroc Engineering Ltd (BOM:541578) » Definitions » Days Payable

Traded in Other Exchanges

VARROC:India

Address

Plot No. L-4, MIDC Industrial Area, Waluj, Aurangabad, MH, IND, 431136

Website

https://www.varroc.com

Varroc Engineering Ltd is an India based company engaged in manufacturing and supplying components and subassemblies for automobile, consumer durable, and white goods industries. The company's operating segment includes Automotive and Others. It generates maximum revenue from the Automotive segment. The company also designs, manufactures, and supply exterior lighting systems, plastic and polymer components, electricals-electronics components, and precision metallic components to a passenger car, commercial vehicle, two-wheeler, three-wheeler and off-highway vehicle. Geographically, it derives a majority of revenue from Europe and also has a presence in the Asia Pacific; North America, and Other Countries.

Varroc Engineering Headlines

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