Davangere Sugar Co (NSE:DAVANGERE) Days Payable : 24.00 (As of Dec. 2024)

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What is Davangere Sugar Co Days Payable?

Davangere Sugar Co's average Accounts Payable for the three months ended in Dec. 2024 was ₹121 Mil. Davangere Sugar Co's Cost of Goods Sold for the three months ended in Dec. 2024 was ₹460 Mil. Hence, Davangere Sugar Co's Days Payable for the three months ended in Dec. 2024 was 24.00.

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

NSE:DAVANGERE' s Days Payable Range Over the Past 10 Years
Min: 5.68 Med: 20.14 Max: 74.37
Current: 43.28

During the past 11 years, Davangere Sugar Co's highest Days Payable was 74.37. The lowest was 5.68. And the median was 20.14.

NSE:DAVANGERE's Days Payable is ranked worse than
53.02% of 1820 companies
in the Consumer Packaged Goods industry
Industry Median: 45.53 vs NSE:DAVANGERE: 43.28

Davangere Sugar Co's Days Payable declined from Dec. 2023 (28.12) to Dec. 2024 (24.00). It may suggest that Davangere Sugar Co accelerated paying its suppliers.

Davangere Sugar Co Days Payable Historical Data

The historical data trend for Davangere Sugar Co'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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Davangere Sugar Co Days Payable Chart

Davangere Sugar Co Annual Data

Trend

Mar15

Mar16

Mar17

Mar18

Mar19

Mar20

Mar21

Mar22

Mar23

Mar24

Days Payable

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10.25

5.68

10.88

18.52

48.93

Davangere Sugar Co Quarterly Data
	Mar20	Jun20	Sep20	Dec20	Mar21	Jun21	Sep21	Dec21	Mar22	Jun22	Sep22	Dec22	Mar23	Jun23	Sep23	Dec23	Mar24	Jun24	Sep24	Dec24
Days Payable	Get a 7-Day Free Trial															28.12	40.90	65.11	72.88	24.00

Competitive Comparison of Davangere Sugar Co's Days Payable

For the Confectioners subindustry, Davangere Sugar Co'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.

Davangere Sugar Co's Days Payable Distribution in the Consumer Packaged Goods Industry

For the Consumer Packaged Goods industry and Consumer Defensive sector, Davangere Sugar Co's Days Payable distribution charts can be found below:

* The bar in red indicates where Davangere Sugar Co's Days Payable falls into.

Davangere Sugar Co 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.

Davangere Sugar Co'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
=	( (154.9	+	218.3)	/	2 )	/	1391.9	*	365
=	186.6					/	1391.9	*	365
=	48.93

Davangere Sugar Co's Days Payable for the quarter that ended in Dec. 2024 is calculated as:

	Days Payable (Q: Dec. 2024 )
=	Average Accounts Payable					/	Cost of Goods Sold	*	Days in Period
=	( (Accounts Payable (Q: Sep. 2024 )	+	Accounts Payable (Q: Dec. 2024 ))	/	count )	/	Cost of Goods Sold (Q: Dec. 2024 )	*	Days in Period
=	( (121.072	+	0)	/	1 )	/	460.361	*	365 / 4
=	121.072					/	460.361	*	365 / 4
=	24.00

Davangere Sugar Co Days Payable Related Terms

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Davangere Sugar Co Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Consumer Defensive » Consumer Packaged Goods » Davangere Sugar Co Ltd (NSE:DAVANGERE) » Definitions » Days Payable

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543267:India

Address

No. 19, Shivashankar Plaza, Lalbagh Road, 3rd Floor, Richmond Circle, Banglore, KA, IND, 560 027

Website

https://www.davangeresugar.com

Davangere Sugar Co Ltd is engaged in the business of Sugar Manufacturing (By-product Molasses) from Sugarcane and Co-generation of Electricity Power. It is operating in various business segments, such as Sugar, Co-Generation, Aviation and Others.

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