Hoechst Pakistan (KAR:HPL) Days Payable : 36.51 (As of Mar. 2024)

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What is Hoechst Pakistan Days Payable?

Hoechst Pakistan's average Accounts Payable for the three months ended in Mar. 2024 was ₨1,865 Mil. Hoechst Pakistan's Cost of Goods Sold for the three months ended in Mar. 2024 was ₨4,661 Mil. Hence, Hoechst Pakistan's Days Payable for the three months ended in Mar. 2024 was 36.51.

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

KAR:HPL' s Days Payable Range Over the Past 10 Years
Min: 37.66 Med: 53.97 Max: 91.36
Current: 64.07

During the past 13 years, Hoechst Pakistan's highest Days Payable was 91.36. The lowest was 37.66. And the median was 53.97.

KAR:HPL's Days Payable is ranked worse than
63.86% of 974 companies
in the Drug Manufacturers industry
Industry Median: 87.51 vs KAR:HPL: 64.07

Hoechst Pakistan's Days Payable declined from Mar. 2023 (109.64) to Mar. 2024 (36.51). It may suggest that Hoechst Pakistan accelerated paying its suppliers.

Hoechst Pakistan Days Payable Historical Data

The historical data trend for Hoechst Pakistan'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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Hoechst Pakistan Days Payable Chart

Hoechst Pakistan Annual Data

Trend

Dec14

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

Days Payable

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50.90

45.28

48.26

63.56

56.34

Hoechst Pakistan Quarterly Data
	Jun19	Sep19	Dec19	Mar20	Jun20	Sep20	Dec20	Mar21	Jun21	Sep21	Dec21	Mar22	Jun22	Sep22	Dec22	Mar23	Jun23	Sep23	Dec23	Mar24
Days Payable	Get a 7-Day Free Trial															109.64	95.18	79.68	45.01	36.51

Competitive Comparison of Hoechst Pakistan's Days Payable

For the Drug Manufacturers - General subindustry, Hoechst Pakistan'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.

Hoechst Pakistan's Days Payable Distribution in the Drug Manufacturers Industry

For the Drug Manufacturers industry and Healthcare sector, Hoechst Pakistan's Days Payable distribution charts can be found below:

* The bar in red indicates where Hoechst Pakistan's Days Payable falls into.

Hoechst Pakistan 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.

Hoechst Pakistan's Days Payable for the fiscal year that ended in Dec. 2023 is calculated as

	Days Payable (A: Dec. 2023 )
=	Average Accounts Payable					/	Cost of Goods Sold	*	Days in Period
=	( (Accounts Payable (A: Dec. 2022 )	+	Accounts Payable (A: Dec. 2023 ))	/	count )	/	Cost of Goods Sold (A: Dec. 2023 )	*	Days in Period
=	( (3041.366	+	1849.793)	/	2 )	/	15842.506	*	365
=	2445.5795					/	15842.506	*	365
=	56.34

Hoechst Pakistan's Days Payable for the quarter that ended in Mar. 2024 is calculated as:

	Days Payable (Q: Mar. 2024 )
=	Average Accounts Payable					/	Cost of Goods Sold	*	Days in Period
=	( (Accounts Payable (Q: Dec. 2023 )	+	Accounts Payable (Q: Mar. 2024 ))	/	count )	/	Cost of Goods Sold (Q: Mar. 2024 )	*	Days in Period
=	( (1849.793	+	1880.215)	/	2 )	/	4660.772	*	365 / 4
=	1865.004					/	4660.772	*	365 / 4
=	36.51

Hoechst Pakistan Days Payable Related Terms

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Hoechst Pakistan (KAR:HPL) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Healthcare » Drug Manufacturers » Hoechst Pakistan Ltd (KAR:HPL) » Definitions » Days Payable

Comparable Companies

Traded in Other Exchanges

N/A

Address

Korangi Industrial Area, Plot 23, Sector 22, Karachi, PAK, 74900

Website

https://www.sanofi.com.pk

Hoechst Pakistan Ltd Formerly Sanofi-Aventis Pakistan Ltd is engaged in the manufacturing and selling of pharmaceutical and consumer healthcare products and vaccines. Its product profile includes Oral Anti-Diabetics, Emergency Care, Antibiotics, Anti-malaria, Epilepsy, Sleep Disorders, and others. Geographically, the company operates in Pakistan, Afghanistan, and others.

Hoechst Pakistan (KAR:HPL) Headlines

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