Asian Paints (NSE:ASIANPAINT) Days Payable : 84.76 (As of Sep. 2024)

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What is Asian Paints Days Payable?

Asian Paints's average Accounts Payable for the three months ended in Sep. 2024 was ₹44,162 Mil. Asian Paints's Cost of Goods Sold for the three months ended in Sep. 2024 was ₹47,543 Mil. Hence, Asian Paints's Days Payable for the three months ended in Sep. 2024 was 84.76.

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

NSE:ASIANPAINT' s Days Payable Range Over the Past 10 Years
Min: 67.46 Med: 74.88 Max: 83.63
Current: 74.53

During the past 13 years, Asian Paints's highest Days Payable was 83.63. The lowest was 67.46. And the median was 74.88.

NSE:ASIANPAINT's Days Payable is ranked better than
61.81% of 1503 companies
in the Chemicals industry
Industry Median: 60.18 vs NSE:ASIANPAINT: 74.53

Asian Paints's Days Payable increased from Sep. 2023 (74.93) to Sep. 2024 (84.76). It may suggest that Asian Paints delayed paying its suppliers.

Asian Paints Days Payable Historical Data

The historical data trend for Asian Paints'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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Asian Paints Days Payable Chart

Asian Paints Annual Data

Trend

Mar15

Mar16

Mar17

Mar18

Mar19

Mar20

Mar21

Mar22

Mar23

Mar24

Days Payable

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74.07

83.63

75.32

67.46

68.61

Asian Paints Quarterly Data
	Dec19	Mar20	Jun20	Sep20	Dec20	Mar21	Jun21	Sep21	Dec21	Mar22	Jun22	Sep22	Dec22	Mar23	Jun23	Sep23	Dec23	Mar24	Jun24	Sep24
Days Payable	Get a 7-Day Free Trial															74.93	70.09	71.50	69.34	84.76

Competitive Comparison of Asian Paints's Days Payable

For the Specialty Chemicals subindustry, Asian Paints'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.

Asian Paints's Days Payable Distribution in the Chemicals Industry

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

* The bar in red indicates where Asian Paints's Days Payable falls into.

Asian Paints 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.

Asian Paints'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
=	( (36673.2	+	39169.2)	/	2 )	/	201743	*	365
=	37921.2					/	201743	*	365
=	68.61

Asian Paints'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: Jun. 2024 )	+	Accounts Payable (Q: Sep. 2024 ))	/	count )	/	Cost of Goods Sold (Q: Sep. 2024 )	*	Days in Period
=	( (0	+	44162)	/	1 )	/	47543.2	*	365 / 4
=	44162					/	47543.2	*	365 / 4
=	84.76

Asian Paints Days Payable Related Terms

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Asian Paints Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Basic Materials » Chemicals » Asian Paints Ltd (NSE:ASIANPAINT) » Definitions » Days Payable

Comparable Companies

Traded in Other Exchanges

500820:India

Address

Asian Paints House, 6A, Shantinagar, Santacruz (East), Mumbai, MH, IND, 400 055

Website

https://www.asianpaints.com

Asian Paints Ltd manufactures and sells a variety of paint and home improvement products. The firm operates itself as a Paints and Home Decor company which sells interior and exterior paints, metal finish, and wood finish. The home improvement product offerings include kitchen and bathroom products. Asian Paints sells its products to distributors and directly to the home improvement industry through the company's network of retail stores. The majority of revenue comes from India.

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