Indo Tech Transformers (NSE:INDOTECH) Days Payable : 56.32 (As of Sep. 2024)

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What is Indo Tech Transformers Days Payable?

Indo Tech Transformers's average Accounts Payable for the three months ended in Sep. 2024 was ₹620 Mil. Indo Tech Transformers's Cost of Goods Sold for the three months ended in Sep. 2024 was ₹1,005 Mil. Hence, Indo Tech Transformers's Days Payable for the three months ended in Sep. 2024 was 56.32.

The historical rank and industry rank for Indo Tech Transformers's Days Payable or its related term are showing as below:

NSE:INDOTECH' s Days Payable Range Over the Past 10 Years
Min: 80.38 Med: 107.68 Max: 121.18
Current: 80.38

During the past 13 years, Indo Tech Transformers's highest Days Payable was 121.18. The lowest was 80.38. And the median was 107.68.

NSE:INDOTECH's Days Payable is ranked better than
52.8% of 2947 companies
in the Industrial Products industry
Industry Median: 76.04 vs NSE:INDOTECH: 80.38

Indo Tech Transformers's Days Payable declined from Sep. 2023 (136.14) to Sep. 2024 (56.32). It may suggest that Indo Tech Transformers accelerated paying its suppliers.

Indo Tech Transformers Days Payable Historical Data

The historical data trend for Indo Tech Transformers'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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Indo Tech Transformers Days Payable Chart

Indo Tech Transformers Annual Data

Trend

Mar15

Mar16

Mar17

Mar18

Mar19

Mar20

Mar21

Mar22

Mar23

Mar24

Days Payable

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121.18

119.44

96.82

107.68

89.77

Indo Tech Transformers Quarterly Data
	Dec19	Mar20	Jun20	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															136.14	88.81	66.89	139.90	56.32

Competitive Comparison of Indo Tech Transformers's Days Payable

For the Electrical Equipment & Parts subindustry, Indo Tech Transformers'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.

Indo Tech Transformers's Days Payable Distribution in the Industrial Products Industry

For the Industrial Products industry and Industrials sector, Indo Tech Transformers's Days Payable distribution charts can be found below:

* The bar in red indicates where Indo Tech Transformers's Days Payable falls into.

Indo Tech Transformers 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.

Indo Tech Transformers'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
=	( (891.754	+	847.814)	/	2 )	/	3536.613	*	365
=	869.784					/	3536.613	*	365
=	89.77

Indo Tech Transformers'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	+	620.4)	/	1 )	/	1005.1	*	365 / 4
=	620.4					/	1005.1	*	365 / 4
=	56.32

Indo Tech Transformers Days Payable Related Terms

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Indo Tech Transformers Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Industrials » Industrial Products » Indo Tech Transformers Ltd (NSE:INDOTECH) » Definitions » Days Payable

Traded in Other Exchanges

532717:India

Address

Survey No.153-210, Near Rajakulam, KM-64, Illuppapattu Village, Kancheepuram, TN, IND, 631561

Website

https://www.indo-tech.com

Indo Tech Transformers Ltd is engaged in the business of manufacturing power and distribution transformers and various special application transformers, mobile sub-station transformers, and various special application transformers, mobile sub-station transformers and sub-stations. The Company has its manufacturing plant located at Kancheepuram in Tamil Nadu. The majority of the geographical revenue of the company is generated in India.

Indo Tech Transformers Headlines

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