Dollex Agrotech (NSE:DOLLEX) Days Payable : 249.93 (As of Sep. 2023)

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What is Dollex Agrotech Days Payable?

Dollex Agrotech's average Accounts Payable for the six months ended in Sep. 2023 was ₹623 Mil. Dollex Agrotech's Cost of Goods Sold for the six months ended in Sep. 2023 was ₹455 Mil. Hence, Dollex Agrotech's Days Payable for the six months ended in Sep. 2023 was 249.93.

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

NSE:DOLLEX' s Days Payable Range Over the Past 10 Years
Min: 135.66 Med: 177.88 Max: 466.21
Current: 170.47

During the past 4 years, Dollex Agrotech's highest Days Payable was 466.21. The lowest was 135.66. And the median was 177.88.

NSE:DOLLEX's Days Payable is ranked better than
91.44% of 1787 companies
in the Consumer Packaged Goods industry
Industry Median: 46.35 vs NSE:DOLLEX: 170.47

Dollex Agrotech's Days Payable declined from Sep. 2022 (994.38) to Sep. 2023 (249.93). It may suggest that Dollex Agrotech accelerated paying its suppliers.

Dollex Agrotech Days Payable Historical Data

The historical data trend for Dollex Agrotech'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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Dollex Agrotech Days Payable Chart

Dollex Agrotech Annual Data

Trend

Mar20

Mar21

Mar22

Mar23

Days Payable

466.21

135.66

161.48

194.28

Dollex Agrotech Semi-Annual Data
	Mar20	Mar21	Mar22	Sep22	Mar23	Sep23
Days Payable	Get a 7-Day Free Trial			-	-	994.38	139.20	249.93

Competitive Comparison of Dollex Agrotech's Days Payable

For the Confectioners subindustry, Dollex Agrotech'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.

Dollex Agrotech's Days Payable Distribution in the Consumer Packaged Goods Industry

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

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

Dollex Agrotech 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.

Dollex Agrotech's Days Payable for the fiscal year that ended in Mar. 2023 is calculated as

	Days Payable (A: Mar. 2023 )
=	Average Accounts Payable					/	Cost of Goods Sold	*	Days in Period
=	( (Accounts Payable (A: Mar. 2022 )	+	Accounts Payable (A: Mar. 2023 ))	/	count )	/	Cost of Goods Sold (A: Mar. 2023 )	*	Days in Period
=	( (329.823	+	670.617)	/	2 )	/	939.785	*	365
=	500.22					/	939.785	*	365
=	194.28

Dollex Agrotech's Days Payable for the quarter that ended in Sep. 2023 is calculated as:

	Days Payable (Q: Sep. 2023 )
=	Average Accounts Payable					/	Cost of Goods Sold	*	Days in Period
=	( (Accounts Payable (Q: Mar. 2023 )	+	Accounts Payable (Q: Sep. 2023 ))	/	count )	/	Cost of Goods Sold (Q: Sep. 2023 )	*	Days in Period
=	( (670.617	+	575.711)	/	2 )	/	455.037	*	365 / 2
=	623.164					/	455.037	*	365 / 2
=	249.93

Dollex Agrotech Days Payable Related Terms

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Dollex Agrotech (NSE:DOLLEX) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Consumer Defensive » Consumer Packaged Goods » Dollex Agrotech Ltd (NSE:DOLLEX) » Definitions » Days Payable

Comparable Companies

Traded in Other Exchanges

N/A

Address

19/1 Manorama Ganj, 205, Naroli Arcade, Near Palasia Square, Indore, MP, IND, 452001

Website

https://www.dollex.in

Dollex Agrotech Ltd is engaged in the business of manufacturing and trading sugar with captive power cogeneration capabilities. The company also produces and sells its by-products such as molasses, pressed, and bagasse. The bagasse is used to generate power. Further, it is engaged in power generation up to the captive power of 3 MW.

Dollex Agrotech (NSE:DOLLEX) Headlines

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