Organic Recycling Systems (BOM:543997) Days Payable : 850.07 (As of Sep. 2023)

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What is Organic Recycling Systems Days Payable?

Organic Recycling Systems's average Accounts Payable for the six months ended in Sep. 2023 was ₹75.0 Mil. Organic Recycling Systems's Cost of Goods Sold for the six months ended in Sep. 2023 was ₹16.1 Mil. Hence, Organic Recycling Systems's Days Payable for the six months ended in Sep. 2023 was 850.07.

The historical rank and industry rank for Organic Recycling Systems's Days Payable or its related term are showing as below:

BOM:543997' s Days Payable Range Over the Past 10 Years
Min: 247.53 Med: 424.06 Max: 1700.14
Current: 1700.14

During the past 4 years, Organic Recycling Systems's highest Days Payable was 1700.14. The lowest was 247.53. And the median was 424.06.

BOM:543997's Days Payable is ranked better than
96.9% of 226 companies
in the Waste Management industry
Industry Median: 72.98 vs BOM:543997: 1700.14

Organic Recycling Systems's Days Payable increased from Mar. 2022 (0.00) to Sep. 2023 (850.07). It may suggest that Organic Recycling Systems delayed paying its suppliers.

Organic Recycling Systems Days Payable Historical Data

The historical data trend for Organic Recycling Systems'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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Organic Recycling Systems Days Payable Chart

Organic Recycling Systems Annual Data

Trend

Mar20

Mar21

Mar22

Mar23

Days Payable

247.53

403.76

444.36

528.19

Organic Recycling Systems Semi-Annual Data
	Mar20	Mar21	Mar22	Mar23	Sep23
Days Payable	-	-	-	-	850.07

Competitive Comparison of Organic Recycling Systems's Days Payable

For the Waste Management subindustry, Organic Recycling Systems'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.

Organic Recycling Systems's Days Payable Distribution in the Waste Management Industry

For the Waste Management industry and Industrials sector, Organic Recycling Systems's Days Payable distribution charts can be found below:

* The bar in red indicates where Organic Recycling Systems's Days Payable falls into.

Organic Recycling Systems 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.

Organic Recycling Systems'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
=	( (86.443	+	85.205)	/	2 )	/	59.308	*	365
=	85.824					/	59.308	*	365
=	528.19

Organic Recycling Systems'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
=	( (85.205	+	64.864)	/	2 )	/	16.109	*	365 / 2
=	75.0345					/	16.109	*	365 / 2
=	850.07

Organic Recycling Systems Days Payable Related Terms

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Organic Recycling Systems (BOM:543997) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Industrials » Waste Management » Organic Recycling Systems Ltd (BOM:543997) » Definitions » Days Payable

Comparable Companies

Traded in Other Exchanges

N/A

Address

Plot No. 9, Sector-17, Office No. 1003, 10th Floor, The Affaires, Sanpada, Navi Mumbai, MH, IND, 400705

Website

https://www.organicrecycling.co.in

Organic Recycling Systems Ltd is an engineering company focused on environmental solutions and provides waste management solutions across waste types and across the value chain. The company has been a forerunner in providing sustainable waste management solutions in India. It primarily focuses on developing robust, cost-effective & environment-friendly technologies that are simple to operate. It has proven technology and capability of successfully running one of India's first Waste to Energy (WTE) plants developed on anaerobic bio methanation technology. It has also set up an MSW processing and disposal plant in Solapur, Maharashtra to convert Municipal Solid Waste (MSW) into electricity and compost.

Organic Recycling Systems (BOM:543997) Headlines

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