Aarey Drugs & Pharmaceuticals (NSE:AAREYDRUGS) Days Payable : 76.72 (As of Dec. 2023)

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What is Aarey Drugs & Pharmaceuticals Days Payable?

Aarey Drugs & Pharmaceuticals's average Accounts Payable for the three months ended in Dec. 2023 was ₹611 Mil. Aarey Drugs & Pharmaceuticals's Cost of Goods Sold for the three months ended in Dec. 2023 was ₹727 Mil. Hence, Aarey Drugs & Pharmaceuticals's Days Payable for the three months ended in Dec. 2023 was 76.72.

The historical rank and industry rank for Aarey Drugs & Pharmaceuticals's Days Payable or its related term are showing as below:

NSE:AAREYDRUGS' s Days Payable Range Over the Past 10 Years
Min: 61.48 Med: 93.34 Max: 122.52
Current: 98.29

During the past 13 years, Aarey Drugs & Pharmaceuticals's highest Days Payable was 122.52. The lowest was 61.48. And the median was 93.34.

NSE:AAREYDRUGS's Days Payable is ranked better than
56.16% of 974 companies
in the Drug Manufacturers industry
Industry Median: 88.68 vs NSE:AAREYDRUGS: 98.29

Aarey Drugs & Pharmaceuticals's Days Payable declined from Dec. 2022 (126.27) to Dec. 2023 (76.72). It may suggest that Aarey Drugs & Pharmaceuticals accelerated paying its suppliers.

Aarey Drugs & Pharmaceuticals Days Payable Historical Data

The historical data trend for Aarey Drugs & Pharmaceuticals'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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Aarey Drugs & Pharmaceuticals Days Payable Chart

Aarey Drugs & Pharmaceuticals Annual Data

Trend

Mar14

Mar15

Mar16

Mar17

Mar18

Mar19

Mar20

Mar21

Mar22

Mar23

Days Payable

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61.48

72.34

101.62

85.05

107.10

Aarey Drugs & Pharmaceuticals Quarterly Data
	Mar19	Jun19	Sep19	Dec19	Mar20	Jun20	Sep20	Dec20	Mar21	Jun21	Sep21	Dec21	Mar22	Jun22	Sep22	Dec22	Mar23	Jun23	Sep23	Dec23
Days Payable	Get a 7-Day Free Trial															126.27	73.63	242.03	101.05	76.72

Competitive Comparison of Aarey Drugs & Pharmaceuticals's Days Payable

For the Drug Manufacturers - Specialty & Generic subindustry, Aarey Drugs & Pharmaceuticals'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.

Aarey Drugs & Pharmaceuticals's Days Payable Distribution in the Drug Manufacturers Industry

For the Drug Manufacturers industry and Healthcare sector, Aarey Drugs & Pharmaceuticals's Days Payable distribution charts can be found below:

* The bar in red indicates where Aarey Drugs & Pharmaceuticals's Days Payable falls into.

Aarey Drugs & Pharmaceuticals 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.

Aarey Drugs & Pharmaceuticals'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
=	( (1096.615	+	1273.315)	/	2 )	/	4038.407	*	365
=	1184.965					/	4038.407	*	365
=	107.10

Aarey Drugs & Pharmaceuticals's Days Payable for the quarter that ended in Dec. 2023 is calculated as:

	Days Payable (Q: Dec. 2023 )
=	Average Accounts Payable					/	Cost of Goods Sold	*	Days in Period
=	( (Accounts Payable (Q: Sep. 2023 )	+	Accounts Payable (Q: Dec. 2023 ))	/	count )	/	Cost of Goods Sold (Q: Dec. 2023 )	*	Days in Period
=	( (610.968	+	0)	/	1 )	/	726.703	*	365 / 4
=	610.968					/	726.703	*	365 / 4
=	76.72

Aarey Drugs & Pharmaceuticals Days Payable Related Terms

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Aarey Drugs & Pharmaceuticals (NSE:AAREYDRUGS) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Healthcare » Drug Manufacturers » Aarey Drugs & Pharmaceuticals Ltd (NSE:AAREYDRUGS) » Definitions » Days Payable

Traded in Other Exchanges

524412:India

Address

340/348, Narshi Natha Street, 107, Sahakar Bhavan, Masjid, Mumbai, MH, IND, 400 009

Website

http://www.aareydrugs.com

Aarey Drugs & Pharmaceuticals Ltd is engaged in bulk drug manufacturing and offers products for industrial applications. The company manufactures active pharmaceutical ingredients, intermediates, and specialty chemicals. It is also involved in the trading of industrial solvents and chemicals. The products offered by the company include N-Methyl urea, Dimethyl urea, Mefenamic acid, Metformin, Doxaphylline, BMD among others. The company principally carries its business operations in India.

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