Eicher Motors (NSE:EICHERMOT) Days Payable : 83.82 (As of Mar. 2024)

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What is Eicher Motors Days Payable?

Eicher Motors's average Accounts Payable for the three months ended in Mar. 2024 was ₹20,901 Mil. Eicher Motors's Cost of Goods Sold for the three months ended in Mar. 2024 was ₹22,754 Mil. Hence, Eicher Motors's Days Payable for the three months ended in Mar. 2024 was 83.82.

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

NSE:EICHERMOT' s Days Payable Range Over the Past 10 Years
Min: 35.09 Med: 80.72 Max: 105.08
Current: 83.97

During the past 13 years, Eicher Motors's highest Days Payable was 105.08. The lowest was 35.09. And the median was 80.72.

NSE:EICHERMOT's Days Payable is ranked better than
64.05% of 1260 companies
in the Vehicles & Parts industry
Industry Median: 66.48 vs NSE:EICHERMOT: 83.97

Eicher Motors's Days Payable increased from Mar. 2023 (78.01) to Mar. 2024 (83.82). It may suggest that Eicher Motors delayed paying its suppliers.

Eicher Motors Days Payable Historical Data

The historical data trend for Eicher Motors'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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Eicher Motors Days Payable Chart

Eicher Motors Annual Data

Trend

Dec14

Mar16

Mar17

Mar18

Mar19

Mar20

Mar21

Mar22

Mar23

Mar24

Days Payable

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83.39

91.42

105.08

81.59

79.27

Eicher Motors Quarterly Data
	Jun19	Sep19	Dec19	Mar20	Jun20	Sep20	Dec20	Mar21	Jun21	Sep21	Dec21	Mar22	Jun22	Sep22	Dec22	Mar23	Jun23	Sep23	Dec23	Mar24
Days Payable	Get a 7-Day Free Trial															78.01	74.17	94.44	92.85	83.82

Competitive Comparison of Eicher Motors's Days Payable

For the Auto Manufacturers subindustry, Eicher Motors'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.

Eicher Motors's Days Payable Distribution in the Vehicles & Parts Industry

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

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

Eicher Motors 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.

Eicher Motors'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
=	( (18104.4	+	20901.3)	/	2 )	/	89806.5	*	365
=	19502.85					/	89806.5	*	365
=	79.27

Eicher Motors's Days Payable for the quarter that ended in Mar. 2024 is calculated as:

	Days Payable (Q: Mar. 2024 )
=	Average Accounts Payable					/	Cost of Goods Sold	*	Days in Period
=	( (Accounts Payable (Q: Dec. 2023 )	+	Accounts Payable (Q: Mar. 2024 ))	/	count )	/	Cost of Goods Sold (Q: Mar. 2024 )	*	Days in Period
=	( (0	+	20901.3)	/	1 )	/	22754.2	*	365 / 4
=	20901.3					/	22754.2	*	365 / 4
=	83.82

Eicher Motors Days Payable Related Terms

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Eicher Motors (NSE:EICHERMOT) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Consumer Cyclical » Vehicles & Parts » Eicher Motors Ltd (NSE:EICHERMOT) » Definitions » Days Payable

Comparable Companies

Traded in Other Exchanges

505200:India

Address

No. 96, Sector 32, Gurugram, HR, IND, 122001

Website

https://www.eichermotors.com

Eicher Motors Ltd is an Indian automobile manufacturer. The company organizes itself into two divisions, based on product type: motorcycles, and commercial vehicles. The motorcycles division, the most significant contributor to Eicher Motors' revenue, produces motorcycles through the Royal Enfield brand. The commercial vehicles divisions, through a joint venture with Volvo, produces trucks and buses for sale in India and other developing markets. The company derives the vast majority of revenue domestically.

Eicher Motors (NSE:EICHERMOT) Headlines

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