Ahimsa Industries (NSE:AHIMSA) Days Payable : 48.31 (As of Mar. 2024)

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What is Ahimsa Industries Days Payable?

Ahimsa Industries's average Accounts Payable for the six months ended in Mar. 2024 was ₹16.1 Mil. Ahimsa Industries's Cost of Goods Sold for the six months ended in Mar. 2024 was ₹60.8 Mil. Hence, Ahimsa Industries's Days Payable for the six months ended in Mar. 2024 was 48.31.

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

NSE:AHIMSA' s Days Payable Range Over the Past 10 Years
Min: 37.54 Med: 62.78 Max: 203.39
Current: 59.05

During the past 10 years, Ahimsa Industries's highest Days Payable was 203.39. The lowest was 37.54. And the median was 62.78.

NSE:AHIMSA's Days Payable is ranked worse than
51.02% of 1515 companies
in the Chemicals industry
Industry Median: 59.72 vs NSE:AHIMSA: 59.05

Ahimsa Industries's Days Payable increased from Mar. 2023 (46.31) to Mar. 2024 (48.31). It may suggest that Ahimsa Industries delayed paying its suppliers.

Ahimsa Industries Days Payable Historical Data

The historical data trend for Ahimsa Industries'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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Ahimsa Industries Days Payable Chart

Ahimsa Industries Annual Data

Trend

Mar15

Mar16

Mar17

Mar18

Mar19

Mar20

Mar21

Mar22

Mar23

Mar24

Days Payable

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109.08

43.53

37.54

44.58

61.84

Ahimsa Industries Semi-Annual Data
	Mar15	Sep15	Mar16	Sep16	Mar17	Sep17	Mar18	Sep18	Mar19	Sep19	Mar20	Sep20	Mar21	Sep21	Mar22	Sep22	Mar23	Sep23	Mar24
Days Payable	Get a 7-Day Free Trial														43.47	30.62	46.31	68.10	48.31

Competitive Comparison of Ahimsa Industries's Days Payable

For the Specialty Chemicals subindustry, Ahimsa Industries'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.

Ahimsa Industries's Days Payable Distribution in the Chemicals Industry

For the Chemicals industry and Basic Materials sector, Ahimsa Industries's Days Payable distribution charts can be found below:

* The bar in red indicates where Ahimsa Industries's Days Payable falls into.

Ahimsa Industries 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.

Ahimsa Industries'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
=	( (23.713	+	15.296)	/	2 )	/	115.124	*	365
=	19.5045					/	115.124	*	365
=	61.84

Ahimsa Industries'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: Sep. 2023 )	+	Accounts Payable (Q: Mar. 2024 ))	/	count )	/	Cost of Goods Sold (Q: Mar. 2024 )	*	Days in Period
=	( (16.864	+	15.296)	/	2 )	/	60.751	*	365 / 2
=	16.08					/	60.751	*	365 / 2
=	48.31

Ahimsa Industries Days Payable Related Terms

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Ahimsa Industries Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Basic Materials » Chemicals » Ahimsa Industries Ltd (NSE:AHIMSA) » Definitions » Days Payable

Comparable Companies

Traded in Other Exchanges

N/A

Address

Piplaj Pirana Road, 160, Devraj Industrial Park, Village Piplaj, Ahmedabad, GJ, IND, 382405

Website

https://www.ahimsaind.com

Ahimsa Industries Ltd is an Indian based firm. It is engaged in Manufacturing PET of preform and trading sugar confectionery machinery, plastic processing machinery, injection molds, and textiles. The company's operating segment includes PET/Preform/Cap/Machinery/Die; Textiles and Export Trading. It generates maximum revenue from the PET/Preform/Cap/Machinery/Die segment. It also exports Beverages, Confectionary Turn-key project services, manufactures engineering components, and others.

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