Ceat (NSE:CEATLTD) Days Payable : 120.10 (As of Sep. 2024)

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What is Ceat Days Payable?

Ceat's average Accounts Payable for the three months ended in Sep. 2024 was ₹27,221 Mil. Ceat's Cost of Goods Sold for the three months ended in Sep. 2024 was ₹20,683 Mil. Hence, Ceat's Days Payable for the three months ended in Sep. 2024 was 120.10.

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

NSE:CEATLTD' s Days Payable Range Over the Past 10 Years
Min: 67.67 Med: 92.97 Max: 127.47
Current: 119.15

During the past 13 years, Ceat's highest Days Payable was 127.47. The lowest was 67.67. And the median was 92.97.

NSE:CEATLTD's Days Payable is ranked better than
78.79% of 1273 companies
in the Vehicles & Parts industry
Industry Median: 66.34 vs NSE:CEATLTD: 119.15

Ceat's Days Payable declined from Sep. 2023 (124.58) to Sep. 2024 (120.10). It may suggest that Ceat accelerated paying its suppliers.

Ceat Days Payable Historical Data

The historical data trend for Ceat'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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Ceat Days Payable Chart

Ceat Annual Data

Trend

Mar15

Mar16

Mar17

Mar18

Mar19

Mar20

Mar21

Mar22

Mar23

Mar24

Days Payable

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103.15

127.47

119.14

107.99

119.54

Ceat 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															124.58	123.95	116.56	109.69	120.10

Competitive Comparison of Ceat's Days Payable

For the Auto Parts subindustry, Ceat'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.

Ceat's Days Payable Distribution in the Vehicles & Parts Industry

For the Vehicles & Parts industry and Consumer Cyclical sector, Ceat's Days Payable distribution charts can be found below:

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

Ceat 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.

Ceat'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
=	( (22683.3	+	23321.1)	/	2 )	/	70236.2	*	365
=	23002.2					/	70236.2	*	365
=	119.54

Ceat'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	+	27221.4)	/	1 )	/	20682.6	*	365 / 4
=	27221.4					/	20682.6	*	365 / 4
=	120.10

Ceat Days Payable Related Terms

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Ceat Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Consumer Cyclical » Vehicles & Parts » Ceat Ltd (NSE:CEATLTD) » Definitions » Days Payable

Traded in Other Exchanges

500878:India

Address

463, Dr. Annie Besant Road, RPG House, Worli, Mumbai, MH, IND, 400030

Website

https://www.ceat.com

Ceat Ltd is a tyre manufacturer that operates within the RPG Group. It is engaged in the manufacturing and selling of automotive tyres, tubes, and flaps and has a diverse product portfolio encompassing truck tyres, tyres for off-the-road (OTR) vehicles, and light commercial vehicle categories. Tyres are built to meet a range of specifications, such as ride comfort and low noise for European regulation requirements, in addition to builds that permit higher life targets for more industrial use. Geographically, the company generates a majority of its revenue within India and also caters to international markets.

Ceat Headlines

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