Concord Biotech (BOM:543960) Days Payable : 166.24 (As of Sep. 2023)

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What is Concord Biotech Days Payable?

Concord Biotech's average Accounts Payable for the six months ended in Sep. 2023 was ₹850 Mil. Concord Biotech's Cost of Goods Sold for the six months ended in Sep. 2023 was ₹933 Mil. Hence, Concord Biotech's Days Payable for the six months ended in Sep. 2023 was 166.24.

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

BOM:543960' s Days Payable Range Over the Past 10 Years
Min: 132.83 Med: 171.12 Max: 189.15
Current: 143.43

During the past 4 years, Concord Biotech's highest Days Payable was 189.15. The lowest was 132.83. And the median was 171.12.

BOM:543960's Days Payable is ranked worse than
51.05% of 717 companies
in the Biotechnology industry
Industry Median: 147.29 vs BOM:543960: 143.43

Concord Biotech's Days Payable declined from Sep. 2022 (204.58) to Sep. 2023 (166.24). It may suggest that Concord Biotech accelerated paying its suppliers.

Concord Biotech Days Payable Historical Data

The historical data trend for Concord Biotech'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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Concord Biotech Days Payable Chart

Concord Biotech Annual Data

Trend

Mar20

Mar21

Mar22

Mar23

Days Payable

189.15

178.41

132.83

163.83

Concord Biotech Semi-Annual Data
	Mar20	Mar21	Mar22	Sep22	Mar23	Sep23
Days Payable	Get a 7-Day Free Trial			-	-	204.58	139.25	166.24

Competitive Comparison of Concord Biotech's Days Payable

For the Biotechnology subindustry, Concord Biotech'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.

Concord Biotech's Days Payable Distribution in the Biotechnology Industry

For the Biotechnology industry and Healthcare sector, Concord Biotech's Days Payable distribution charts can be found below:

* The bar in red indicates where Concord Biotech's Days Payable falls into.

Concord Biotech 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.

Concord Biotech's Days Payable for the fiscal year that ended in Mar. 2023 is calculated as

	Days Payable (A: Mar. 2023 )
=	Average Accounts Payable					/	Cost of Goods Sold	*	Days in Period
=	( (Accounts Payable (A: Mar. 2022 )	+	Accounts Payable (A: Mar. 2023 ))	/	count )	/	Cost of Goods Sold (A: Mar. 2023 )	*	Days in Period
=	( (831.06	+	938)	/	2 )	/	1970.67	*	365
=	884.53					/	1970.67	*	365
=	163.83

Concord Biotech's Days Payable for the quarter that ended in Sep. 2023 is calculated as:

	Days Payable (Q: Sep. 2023 )
=	Average Accounts Payable					/	Cost of Goods Sold	*	Days in Period
=	( (Accounts Payable (Q: Mar. 2023 )	+	Accounts Payable (Q: Sep. 2023 ))	/	count )	/	Cost of Goods Sold (Q: Sep. 2023 )	*	Days in Period
=	( (938	+	761.157)	/	2 )	/	932.671	*	365 / 2
=	849.5785					/	932.671	*	365 / 2
=	166.24

Concord Biotech Days Payable Related Terms

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Concord Biotech (BOM:543960) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Healthcare » Biotechnology » Concord Biotech Ltd (BOM:543960) » Definitions » Days Payable

Comparable Companies

Traded in Other Exchanges

CONCORDBIO:India

Address

Iscon Cross Road, S.G. Highway, 16th floor, B-Wing, Mondeal Heights, Ahmedabad, GJ, IND, 380015

Website

https://www.concordbiotech.com

Concord Biotech Ltd is a Research & development-driven biopharma Company that manufactures Active Pharmaceutical Ingredients (API) through fermentation & semi-synthetic process and finished formulations.

Concord Biotech (BOM:543960) Headlines

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