Arihant Academy (NSE:ARIHANTACA) Days Payable : 27.77 (As of Sep. 2024)

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What is Arihant Academy Days Payable?

Arihant Academy's average Accounts Payable for the three months ended in Sep. 2024 was ₹5.3 Mil. Arihant Academy's Cost of Goods Sold for the three months ended in Sep. 2024 was ₹17.3 Mil. Hence, Arihant Academy's Days Payable for the three months ended in Sep. 2024 was 27.77.

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

NSE:ARIHANTACA' s Days Payable Range Over the Past 10 Years
Min: 8.3 Med: 13.78 Max: 102.7
Current: 102.7

During the past 5 years, Arihant Academy's highest Days Payable was 102.70. The lowest was 8.30. And the median was 13.78.

NSE:ARIHANTACA's Days Payable is ranked better than
78.04% of 214 companies
in the Education industry
Industry Median: 34.71 vs NSE:ARIHANTACA: 102.70

Arihant Academy's Days Payable increased from Dec. 2022 (0.00) to Sep. 2024 (27.77). It may suggest that Arihant Academy delayed paying its suppliers.

Arihant Academy Days Payable Historical Data

The historical data trend for Arihant Academy'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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Arihant Academy Days Payable Chart

Arihant Academy Annual Data

Trend

Mar20

Mar21

Mar22

Mar23

Mar24

Days Payable

8.30

13.78

14.18

11.75

22.63

Arihant Academy Quarterly Data
	Mar20	Mar21	Mar22	Sep22	Dec22	Mar23	Sep23	Mar24	Sep24
Days Payable	Get a 7-Day Free Trial				-	22.83	7.18	-	27.77

Competitive Comparison of Arihant Academy's Days Payable

For the Education & Training Services subindustry, Arihant Academy'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.

Arihant Academy's Days Payable Distribution in the Education Industry

For the Education industry and Consumer Defensive sector, Arihant Academy's Days Payable distribution charts can be found below:

* The bar in red indicates where Arihant Academy's Days Payable falls into.

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Arihant Academy 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.

Arihant Academy'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
=	( (1.171	+	6.226)	/	2 )	/	59.656	*	365
=	3.6985					/	59.656	*	365
=	22.63

Arihant Academy'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: Mar. 2024 )	+	Accounts Payable (Q: Sep. 2024 ))	/	count )	/	Cost of Goods Sold (Q: Sep. 2024 )	*	Days in Period
=	( (6.226	+	4.309)	/	2 )	/	17.308	*	365 / 4
=	5.2675					/	17.308	*	365 / 4
=	27.77

Arihant Academy Days Payable Related Terms

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Arihant Academy Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Consumer Defensive » Education » Arihant Academy Ltd (NSE:ARIHANTACA) » Definitions » Days Payable

Comparable Companies

Traded in Other Exchanges

N/A

Address

Carter Road No. 3, Ground Floor, Triveni Sadan, Opposite Ambe Mata Temple, Borivali (East), Mumbai, MH, IND, 400 066

Website

https://www.arihantacademy.com

Arihant Academy Ltd is engaged in providing coaching services and parallel educational support in India. It is a coaching institute for SSC, ICSE, Science & Commerce, and also for entrance exams such as JEE (Main), JEE (Advanced), MHT- CET (State level), NEET (National Level), MHT- CET (State Level, Maharashtra), CS and CA for the entry-level and second level exam. The company generates key revenue from coaching services. It provides a comprehensive range of coaching services to students across various fields: Secondary School Section (SSC, ICSE & CBSE BOARD) and Higher Secondary Section.

Arihant Academy Headlines

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