Glenmark Life Sciences (NSE:GLS) Days Payable : 161.34 (As of Sep. 2024)

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What is Glenmark Life Sciences Days Payable?

Glenmark Life Sciences's average Accounts Payable for the three months ended in Sep. 2024 was ₹3,982 Mil. Glenmark Life Sciences's Cost of Goods Sold for the three months ended in Sep. 2024 was ₹2,252 Mil. Hence, Glenmark Life Sciences's Days Payable for the three months ended in Sep. 2024 was 161.34.

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

NSE:GLS' s Days Payable Range Over the Past 10 Years
Min: 84.92 Med: 105.15 Max: 142.3
Current: 138.42

During the past 6 years, Glenmark Life Sciences's highest Days Payable was 142.30. The lowest was 84.92. And the median was 105.15.

NSE:GLS's Days Payable is ranked better than
72.61% of 953 companies
in the Drug Manufacturers industry
Industry Median: 85.16 vs NSE:GLS: 138.42

Glenmark Life Sciences's Days Payable increased from Sep. 2023 (128.72) to Sep. 2024 (161.34). It may suggest that Glenmark Life Sciences delayed paying its suppliers.

Glenmark Life Sciences Days Payable Historical Data

The historical data trend for Glenmark Life Sciences'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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Glenmark Life Sciences Days Payable Chart

Glenmark Life Sciences Annual Data

Trend

Mar19

Mar20

Mar21

Mar22

Mar23

Mar24

Days Payable

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101.52

84.92

94.38

133.00

142.30

Glenmark Life Sciences Quarterly Data
	Mar19	Mar20	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														128.72	145.13	130.70	116.89	161.34

Competitive Comparison of Glenmark Life Sciences's Days Payable

For the Drug Manufacturers - Specialty & Generic subindustry, Glenmark Life Sciences'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.

Glenmark Life Sciences's Days Payable Distribution in the Drug Manufacturers Industry

For the Drug Manufacturers industry and Healthcare sector, Glenmark Life Sciences's Days Payable distribution charts can be found below:

* The bar in red indicates where Glenmark Life Sciences's Days Payable falls into.

Glenmark Life Sciences 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.

Glenmark Life Sciences'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
=	( (4272.27	+	3686.61)	/	2 )	/	10207.01	*	365
=	3979.44					/	10207.01	*	365
=	142.30

Glenmark Life Sciences'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	+	3981.65)	/	1 )	/	2251.96	*	365 / 4
=	3981.65					/	2251.96	*	365 / 4
=	161.34

Glenmark Life Sciences Days Payable Related Terms

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Glenmark Life Sciences Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Healthcare » Drug Manufacturers » Glenmark Life Sciences Ltd (NSE:GLS) » Definitions » Days Payable

Traded in Other Exchanges

543322:India

Address

470, Cardinal Gracious Road, 4th Floor, OIA House, Andheri (East), Mumbai, MH, IND, 400099

Website

https://www.glenmarklifesciences.com

Glenmark Life Sciences Ltd develops, manufactures, and supplies high-quality active pharmaceutical ingredients for cardiovascular disease, central nervous system disease, pain management, and diabetes, gastrointestinal disorders, anti-infectives, and other therapeutic areas.

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