Nectar Lifesciences (LUX:NECLF) Days Payable : 124.36 (As of Mar. 2024)

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What is Nectar Lifesciences Days Payable?

Nectar Lifesciences's average Accounts Payable for the three months ended in Mar. 2024 was $50.5 Mil. Nectar Lifesciences's Cost of Goods Sold for the three months ended in Mar. 2024 was $37.1 Mil. Hence, Nectar Lifesciences's Days Payable for the three months ended in Mar. 2024 was 124.36.

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

LUX:NECLF' s Days Payable Range Over the Past 10 Years
Min: 78.76 Med: 117.74 Max: 145.91
Current: 109.18

During the past 13 years, Nectar Lifesciences's highest Days Payable was 145.91. The lowest was 78.76. And the median was 117.74.

LUX:NECLF's Days Payable is ranked better than
61.34% of 970 companies
in the Drug Manufacturers industry
Industry Median: 89.21 vs LUX:NECLF: 109.18

Nectar Lifesciences's Days Payable increased from Mar. 2023 (100.08) to Mar. 2024 (124.36). It may suggest that Nectar Lifesciences delayed paying its suppliers.

Nectar Lifesciences Days Payable Historical Data

The historical data trend for Nectar Lifesciences'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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Nectar Lifesciences Days Payable Chart

Nectar Lifesciences Annual Data

Trend

Mar15

Mar16

Mar17

Mar18

Mar19

Mar20

Mar21

Mar22

Mar23

Mar24

Days Payable

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95.57

121.66

97.90

114.20

112.54

Nectar Lifesciences 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															100.08	104.14	107.95	95.11	124.36

Competitive Comparison of Nectar Lifesciences's Days Payable

For the Drug Manufacturers - Specialty & Generic subindustry, Nectar Lifesciences'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.

Nectar Lifesciences's Days Payable Distribution in the Drug Manufacturers Industry

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

* The bar in red indicates where Nectar Lifesciences's Days Payable falls into.

Nectar Lifesciences 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.

Nectar Lifesciences'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
=	( (38.746	+	50.549)	/	2 )	/	144.811	*	365
=	44.6475					/	144.811	*	365
=	112.54

Nectar Lifesciences'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
=	( (0	+	50.549)	/	1 )	/	37.09	*	365 / 4
=	50.549					/	37.09	*	365 / 4
=	124.36

Nectar Lifesciences Days Payable Related Terms

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Nectar Lifesciences (LUX:NECLF) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Healthcare » Drug Manufacturers » Nectar Lifesciences Ltd (LUX:NECLF) » Definitions » Days Payable

Traded in Other Exchanges

NECLIFE:India 532649:India

Address

SCO 38-39, Sector 9d, B-1011/1012, 10th Floor NAURANG HOUSE, Chandigarh, IND, 160009

Website

https://www.neclife.com

Nectar Lifesciences Ltd is an India-based pharmaceutical company. It is engaged in manufacturing specialized pharmaceutical intermediates, active pharmaceutical ingredients (APIs) and finished dosage formulations. It operates in the business segment of Pharmaceuticals Products, The company's product includes cefixime trihydrate, cefdinir, cefprozil, cefoxitin sodium, cefpirome sulphate, and others. Geographically, it derives a majority of its revenue from India.

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