Madras Fertilizers (BOM:590134) Days Payable : 87.35 (As of Sep. 2024)

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What is Madras Fertilizers Days Payable?

Madras Fertilizers's average Accounts Payable for the three months ended in Sep. 2024 was ₹2,941 Mil. Madras Fertilizers's Cost of Goods Sold for the three months ended in Sep. 2024 was ₹3,072 Mil. Hence, Madras Fertilizers's Days Payable for the three months ended in Sep. 2024 was 87.35.

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

BOM:590134' s Days Payable Range Over the Past 10 Years
Min: 42.31 Med: 81.13 Max: 114.22
Current: 65.97

During the past 13 years, Madras Fertilizers's highest Days Payable was 114.22. The lowest was 42.31. And the median was 81.13.

BOM:590134's Days Payable is ranked worse than
57.26% of 241 companies
in the Agriculture industry
Industry Median: 72.97 vs BOM:590134: 65.97

Madras Fertilizers's Days Payable declined from Sep. 2023 (98.68) to Sep. 2024 (87.35). It may suggest that Madras Fertilizers accelerated paying its suppliers.

Madras Fertilizers Days Payable Historical Data

The historical data trend for Madras Fertilizers'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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Madras Fertilizers Days Payable Chart

Madras Fertilizers Annual Data

Trend

Mar15

Mar16

Mar17

Mar18

Mar19

Mar20

Mar21

Mar22

Mar23

Mar24

Days Payable

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82.02

78.04

72.65

42.31

63.17

Madras Fertilizers Quarterly Data
	Dec19	Mar20	Jun20	Sep20	Dec20	Mar21	Jun21	Sep21	Dec21	Mar22	Jun22	Sep22	Dec22	Mar23	Jun23	Sep23	Dec23	Mar24	Jun24	Sep24
Days Payable	Get a 7-Day Free Trial															98.68	62.82	46.98	80.67	87.35

Competitive Comparison of Madras Fertilizers's Days Payable

For the Agricultural Inputs subindustry, Madras Fertilizers'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.

Madras Fertilizers's Days Payable Distribution in the Agriculture Industry

For the Agriculture industry and Basic Materials sector, Madras Fertilizers's Days Payable distribution charts can be found below:

* The bar in red indicates where Madras Fertilizers's Days Payable falls into.

Madras Fertilizers 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.

Madras Fertilizers'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
=	( (2876.9	+	2831.4)	/	2 )	/	16490.4	*	365
=	2854.15					/	16490.4	*	365
=	63.17

Madras Fertilizers'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: Jun. 2024 )	+	Accounts Payable (Q: Sep. 2024 ))	/	count )	/	Cost of Goods Sold (Q: Sep. 2024 )	*	Days in Period
=	( (0	+	2940.6)	/	1 )	/	3072	*	365 / 4
=	2940.6					/	3072	*	365 / 4
=	87.35

Madras Fertilizers Days Payable Related Terms

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Madras Fertilizers Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Basic Materials » Agriculture » Madras Fertilizers Ltd (BOM:590134) » Definitions » Days Payable

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MADRASFERT:India

Address

Post Bag No. 2, Manali, Chennai, TN, IND, 600068

Website

https://www.madrasfert.co.in

Madras Fertilizers Ltd is engaged in the manufacture of ammonia, urea, and complex fertilizers. It is also engaged in manufacturing bio-fertilizers and marketing fertilizers and agrochemicals under the brand name Vijay. The company operates through the manufacture and sale of fertilizers segment. It also provides biofertilizers, including Azospirillum for paddy, plantation crops, and other crops; Rhizobium for groundnuts and pulses; and Phosphor Bacteria and NP Bio for various crops.

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