Gala Precision Engineering (BOM:544244) Days Payable : 69.18 (As of Dec. 2024)

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What is Gala Precision Engineering Days Payable?

Gala Precision Engineering's average Accounts Payable for the three months ended in Dec. 2024 was ₹188 Mil. Gala Precision Engineering's Cost of Goods Sold for the three months ended in Dec. 2024 was ₹249 Mil. Hence, Gala Precision Engineering's Days Payable for the three months ended in Dec. 2024 was 69.18.

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

BOM:544244' s Days Payable Range Over the Past 10 Years
Min: 42.83 Med: 60.14 Max: 84.24
Current: 69.18

During the past 4 years, Gala Precision Engineering's highest Days Payable was 84.24. The lowest was 42.83. And the median was 60.14.

BOM:544244's Days Payable is ranked worse than
54.96% of 2946 companies
in the Industrial Products industry
Industry Median: 76.25 vs BOM:544244: 69.18

Gala Precision Engineering's Days Payable increased from Sep. 2023 (38.17) to Dec. 2024 (69.18). It may suggest that Gala Precision Engineering delayed paying its suppliers.

Gala Precision Engineering Days Payable Historical Data

The historical data trend for Gala Precision 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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Gala Precision Engineering Days Payable Chart

Gala Precision Engineering Annual Data

Trend

Mar21

Mar22

Mar23

Mar24

Days Payable

84.24

67.06

53.21

42.83

Gala Precision Engineering Quarterly Data
	Mar21	Mar22	Mar23	Sep23	Dec23	Mar24	Sep24	Dec24
Days Payable	Get a 7-Day Free Trial			38.17	43.43	40.03	78.53	69.18

Competitive Comparison of Gala Precision Engineering's Days Payable

For the Specialty Industrial Machinery subindustry, Gala Precision 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.

Gala Precision Engineering's Days Payable Distribution in the Industrial Products Industry

For the Industrial Products industry and Industrials sector, Gala Precision Engineering's Days Payable distribution charts can be found below:

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

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Gala Precision 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.

Gala Precision 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
=	( (81.08	+	136.7)	/	2 )	/	927.9	*	365
=	108.89					/	927.9	*	365
=	42.83

Gala Precision Engineering's Days Payable for the quarter that ended in Dec. 2024 is calculated as:

	Days Payable (Q: Dec. 2024 )
=	Average Accounts Payable					/	Cost of Goods Sold	*	Days in Period
=	( (Accounts Payable (Q: Sep. 2024 )	+	Accounts Payable (Q: Dec. 2024 ))	/	count )	/	Cost of Goods Sold (Q: Dec. 2024 )	*	Days in Period
=	( (188.42	+	0)	/	1 )	/	248.52	*	365 / 4
=	188.42					/	248.52	*	365 / 4
=	69.18

Gala Precision Engineering Days Payable Related Terms

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Gala Precision Engineering Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Industrials » Industrial Products » Gala Precision Engineering Ltd (BOM:544244) » Definitions » Days Payable

Comparable Companies

Traded in Other Exchanges

GALAPREC:India

Address

Ghodbunder Road Majiwade, A-801, 8th Floor, Thane One DIL Complex, Thane West, Thane, MH, IND, 400610

Website

https://www.galagroup.com

Gala Precision Engineering Ltd is a precision component manufacturer of technical springs like disc & strip springs (DSS) including wedge lock washers; coil & spiral springs (CSS) and special fastening solutions (SFS) supplying to original equipment manufacturers (OEMs), Tier 1 and channel partners; used in sectors like renewable energy including wind turbine and hydropower plants, various industrial sectors such as electrical, off-highway equipments, infrastructure and general engineering, mobility segments such as automotive and railways.

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