Narmada Agrobase (NSE:NARMADA) Days Payable : 16.36 (As of Dec. 2023)

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What is Narmada Agrobase Days Payable?

Narmada Agrobase's average Accounts Payable for the three months ended in Dec. 2023 was ₹18.6 Mil. Narmada Agrobase's Cost of Goods Sold for the three months ended in Dec. 2023 was ₹103.8 Mil. Hence, Narmada Agrobase's Days Payable for the three months ended in Dec. 2023 was 16.36.

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

NSE:NARMADA' s Days Payable Range Over the Past 10 Years
Min: 3.36 Med: 7.31 Max: 24.91
Current: 11.42

During the past 11 years, Narmada Agrobase's highest Days Payable was 24.91. The lowest was 3.36. And the median was 7.31.

NSE:NARMADA's Days Payable is ranked worse than
96.14% of 233 companies
in the Agriculture industry
Industry Median: 79.04 vs NSE:NARMADA: 11.42

Narmada Agrobase's Days Payable increased from Dec. 2022 (0.00) to Dec. 2023 (16.36). It may suggest that Narmada Agrobase delayed paying its suppliers.

Narmada Agrobase Days Payable Historical Data

The historical data trend for Narmada Agrobase'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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Narmada Agrobase Days Payable Chart

Narmada Agrobase Annual Data

Trend

Mar14

Mar15

Mar16

Mar17

Mar18

Mar19

Mar20

Mar21

Mar22

Mar23

Days Payable

Get a 7-Day Free Trial

6.30

3.36

10.06

18.99

7.04

Narmada Agrobase Quarterly Data
	Mar14	Mar15	Mar16	Mar17	Sep17	Mar18	Mar19	Mar20	Mar21	Mar22	Jun22	Sep22	Dec22	Mar23	Jun23	Sep23	Dec23
Days Payable	Get a 7-Day Free Trial												-	4.71	12.28	16.90	16.36

Competitive Comparison of Narmada Agrobase's Days Payable

For the Agricultural Inputs subindustry, Narmada Agrobase'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.

Narmada Agrobase's Days Payable Distribution in the Agriculture Industry

For the Agriculture industry and Basic Materials sector, Narmada Agrobase's Days Payable distribution charts can be found below:

* The bar in red indicates where Narmada Agrobase's Days Payable falls into.

Narmada Agrobase 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.

Narmada Agrobase's Days Payable for the fiscal year that ended in Mar. 2023 is calculated as

	Days Payable (A: Mar. 2023 )
=	Average Accounts Payable					/	Cost of Goods Sold	*	Days in Period
=	( (Accounts Payable (A: Mar. 2022 )	+	Accounts Payable (A: Mar. 2023 ))	/	count )	/	Cost of Goods Sold (A: Mar. 2023 )	*	Days in Period
=	( (8.139	+	8.585)	/	2 )	/	433.805	*	365
=	8.362					/	433.805	*	365
=	7.04

Narmada Agrobase's Days Payable for the quarter that ended in Dec. 2023 is calculated as:

	Days Payable (Q: Dec. 2023 )
=	Average Accounts Payable					/	Cost of Goods Sold	*	Days in Period
=	( (Accounts Payable (Q: Sep. 2023 )	+	Accounts Payable (Q: Dec. 2023 ))	/	count )	/	Cost of Goods Sold (Q: Dec. 2023 )	*	Days in Period
=	( (18.598	+	0)	/	1 )	/	103.761	*	365 / 4
=	18.598					/	103.761	*	365 / 4
=	16.36

Narmada Agrobase Days Payable Related Terms

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Narmada Agrobase (NSE:NARMADA) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Basic Materials » Agriculture » Narmada Agrobase Ltd (NSE:NARMADA) » Definitions » Days Payable

Comparable Companies

Traded in Other Exchanges

543643:India

Address

401, Silicon Tower, Above Freezeland Restaurant, Law Garden, Navrangpura, Ahmedabad, GJ, IND, 390009

Website

https://www.narmadaagrobase.com

Narmada Agrobase Ltd is engaged in the manufacturing and processing of cotton seed meal cake, cattle feeds and soya bean meal. Its product portfolio includes Cattle Feeds; Cotton Seeds Meal Cake; Cotton Seed Meal Grinder; Delinted Cotton Seeds; Guar Meal; Cotton Linter; and Neem Cake Fertilizer. The company's only operating segment being the manufacturing of delinted cotton seeds.

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