ISGEC Heavy Engineering (NSE:ISGEC) Days Payable : 97.45 (As of Mar. 2024)

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What is ISGEC Heavy Engineering Days Payable?

ISGEC Heavy Engineering's average Accounts Payable for the three months ended in Mar. 2024 was ₹14,228 Mil. ISGEC Heavy Engineering's Cost of Goods Sold for the three months ended in Mar. 2024 was ₹13,323 Mil. Hence, ISGEC Heavy Engineering's Days Payable for the three months ended in Mar. 2024 was 97.45.

The historical rank and industry rank for ISGEC Heavy Engineering's Days Payable or its related term are showing as below:

NSE:ISGEC' s Days Payable Range Over the Past 10 Years
Min: 116.17 Med: 128.77 Max: 190.39
Current: 122.31

During the past 13 years, ISGEC Heavy Engineering's highest Days Payable was 190.39. The lowest was 116.17. And the median was 128.77.

NSE:ISGEC's Days Payable is ranked better than
70.42% of 2928 companies
in the Industrial Products industry
Industry Median: 76.585 vs NSE:ISGEC: 122.31

ISGEC Heavy Engineering's Days Payable increased from Mar. 2023 (93.17) to Mar. 2024 (97.45). It may suggest that ISGEC Heavy Engineering delayed paying its suppliers.

ISGEC Heavy Engineering Days Payable Historical Data

The historical data trend for ISGEC Heavy Engineering'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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ISGEC Heavy Engineering Days Payable Chart

ISGEC Heavy Engineering Annual Data

Trend

Mar15

Mar16

Mar17

Mar18

Mar19

Mar20

Mar21

Mar22

Mar23

Mar24

Days Payable

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116.17

133.49

139.28

117.91

122.59

ISGEC Heavy Engineering 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															93.17	142.59	129.81	127.56	97.45

Competitive Comparison of ISGEC Heavy Engineering's Days Payable

For the Specialty Industrial Machinery subindustry, ISGEC Heavy Engineering'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.

ISGEC Heavy Engineering's Days Payable Distribution in the Industrial Products Industry

For the Industrial Products industry and Industrials sector, ISGEC Heavy Engineering's Days Payable distribution charts can be found below:

* The bar in red indicates where ISGEC Heavy Engineering's Days Payable falls into.

ISGEC Heavy Engineering 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.

ISGEC Heavy Engineering'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
=	( (14970.6	+	14227.5)	/	2 )	/	43466.5	*	365
=	14599.05					/	43466.5	*	365
=	122.59

ISGEC Heavy Engineering'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	+	14227.5)	/	1 )	/	13322.8	*	365 / 4
=	14227.5					/	13322.8	*	365 / 4
=	97.45

ISGEC Heavy Engineering Days Payable Related Terms

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ISGEC Heavy Engineering (NSE:ISGEC) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Industrials » Industrial Products » ISGEC Heavy Engineering Ltd (NSE:ISGEC) » Definitions » Days Payable

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Traded in Other Exchanges

533033:India

Address

A-4, Sector 24, Noida, UP, IND, 201 301

Website

https://www.isgec.com

ISGEC Heavy Engineering Ltd is an India-based company that provides diversified engineering products and services. The company is divided into two segments. The manufacturing of machinery & equipment segment generates revenue based on orders for process plant equipment, presses, castings, boiler components, and liquified gas containers. The engineering, procurement & construction segment generates revenue based on contract manufacturing and execution of projects for setting up sugar plants, power plants, boilers, buildings, factories, and other plant equipment. The company earns the larger part of its revenue in India and the rest from international markets.

ISGEC Heavy Engineering (NSE:ISGEC) Headlines

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