Gokul Refoils & Solvent (NSE:GOKUL) Days Payable : 8.69 (As of Mar. 2024)

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What is Gokul Refoils & Solvent Days Payable?

Gokul Refoils & Solvent's average Accounts Payable for the three months ended in Mar. 2024 was ₹633 Mil. Gokul Refoils & Solvent's Cost of Goods Sold for the three months ended in Mar. 2024 was ₹6,643 Mil. Hence, Gokul Refoils & Solvent's Days Payable for the three months ended in Mar. 2024 was 8.69.

The historical rank and industry rank for Gokul Refoils & Solvent's Days Payable or its related term are showing as below:

NSE:GOKUL' s Days Payable Range Over the Past 10 Years
Min: 4.12 Med: 8.51 Max: 69.81
Current: 11.57

During the past 13 years, Gokul Refoils & Solvent's highest Days Payable was 69.81. The lowest was 4.12. And the median was 8.51.

NSE:GOKUL's Days Payable is ranked worse than
94.82% of 1794 companies
in the Consumer Packaged Goods industry
Industry Median: 46.18 vs NSE:GOKUL: 11.57

Gokul Refoils & Solvent's Days Payable increased from Mar. 2023 (7.09) to Mar. 2024 (8.69). It may suggest that Gokul Refoils & Solvent delayed paying its suppliers.

Gokul Refoils & Solvent Days Payable Historical Data

The historical data trend for Gokul Refoils & Solvent'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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Gokul Refoils & Solvent Days Payable Chart

Gokul Refoils & Solvent Annual Data

Trend

Mar15

Mar16

Mar17

Mar18

Mar19

Mar20

Mar21

Mar22

Mar23

Mar24

Days Payable

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4.12

8.63

14.68

12.93

8.10

Gokul Refoils & Solvent 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															7.09	10.57	15.03	17.30	8.69

Competitive Comparison of Gokul Refoils & Solvent's Days Payable

For the Packaged Foods subindustry, Gokul Refoils & Solvent'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.

Gokul Refoils & Solvent's Days Payable Distribution in the Consumer Packaged Goods Industry

For the Consumer Packaged Goods industry and Consumer Defensive sector, Gokul Refoils & Solvent's Days Payable distribution charts can be found below:

* The bar in red indicates where Gokul Refoils & Solvent's Days Payable falls into.

Gokul Refoils & Solvent 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.

Gokul Refoils & Solvent'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
=	( (642.828	+	632.611)	/	2 )	/	28739.341	*	365
=	637.7195					/	28739.341	*	365
=	8.10

Gokul Refoils & Solvent'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	+	632.611)	/	1 )	/	6642.991	*	365 / 4
=	632.611					/	6642.991	*	365 / 4
=	8.69

Gokul Refoils & Solvent Days Payable Related Terms

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Gokul Refoils & Solvent (NSE:GOKUL) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Consumer Defensive » Consumer Packaged Goods » Gokul Refoils & Solvent Ltd (NSE:GOKUL) » Definitions » Days Payable

Traded in Other Exchanges

532980:India

Address

Near Tapovan Circle, Gandhinagar Highway, Office No. 501, Fifth Floor, Block A, Gokul Pratham, Ahmedabad, GJ, IND, 382424

Website

http://www.gokulgroup.com

Gokul Refoils & Solvent Ltd is an India-based company engaged in agro-based commodities. It is engaged in the business of seed processing, solvent extraction, and refining of edible oils such as soya bean oil, cottonseed oil, palm oil (palm olein), sunflower oil, mustard oil, groundnut oil, vanaspati, and industrial oil such as castor oil. The company has one operating segment, which is dealing in edible-non-edible oils and related activities.

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