Nitiraj Engineers (NSE:NITIRAJ) Days Payable : 16.31 (As of Dec. 2023)

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What is Nitiraj Engineers Days Payable?

Nitiraj Engineers's average Accounts Payable for the three months ended in Dec. 2023 was ₹18.8 Mil. Nitiraj Engineers's Cost of Goods Sold for the three months ended in Dec. 2023 was ₹105.2 Mil. Hence, Nitiraj Engineers's Days Payable for the three months ended in Dec. 2023 was 16.31.

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

NSE:NITIRAJ' s Days Payable Range Over the Past 10 Years
Min: 21.13 Med: 26.3 Max: 49.43
Current: 21.79

During the past 12 years, Nitiraj Engineers's highest Days Payable was 49.43. The lowest was 21.13. And the median was 26.30.

NSE:NITIRAJ's Days Payable is ranked worse than
94.09% of 2421 companies
in the Hardware industry
Industry Median: 67.89 vs NSE:NITIRAJ: 21.79

Nitiraj Engineers's Days Payable declined from Dec. 2022 (26.84) to Dec. 2023 (16.31). It may suggest that Nitiraj Engineers accelerated paying its suppliers.

Nitiraj Engineers Days Payable Historical Data

The historical data trend for Nitiraj Engineers'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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Nitiraj Engineers Days Payable Chart

Nitiraj Engineers Annual Data

Trend

Mar14

Mar15

Mar16

Mar17

Mar18

Mar19

Mar20

Mar21

Mar22

Mar23

Days Payable

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21.13

27.84

24.75

23.81

22.82

Nitiraj Engineers Quarterly Data
	Mar18	Sep18	Mar19	Sep19	Mar20	Jun20	Sep20	Dec20	Mar21	Jun21	Sep21	Dec21	Mar22	Jun22	Sep22	Dec22	Mar23	Jun23	Sep23	Dec23
Days Payable	Get a 7-Day Free Trial															26.84	25.98	37.77	20.66	16.31

Competitive Comparison of Nitiraj Engineers's Days Payable

For the Scientific & Technical Instruments subindustry, Nitiraj Engineers'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.

Nitiraj Engineers's Days Payable Distribution in the Hardware Industry

For the Hardware industry and Technology sector, Nitiraj Engineers's Days Payable distribution charts can be found below:

* The bar in red indicates where Nitiraj Engineers's Days Payable falls into.

Nitiraj Engineers 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.

Nitiraj Engineers'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
=	( (9.897	+	25.961)	/	2 )	/	286.733	*	365
=	17.929					/	286.733	*	365
=	22.82

Nitiraj Engineers'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
=	( (18.79	+	0)	/	1 )	/	105.151	*	365 / 4
=	18.79					/	105.151	*	365 / 4
=	16.31

Nitiraj Engineers Days Payable Related Terms

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Nitiraj Engineers (NSE:NITIRAJ) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Technology » Hardware » Nitiraj Engineers Ltd (NSE:NITIRAJ) » Definitions » Days Payable

Comparable Companies

Traded in Other Exchanges

N/A

Address

Plot NO J25, J26,MIDC Awadhan,, Dhule, MH, IND, 424006

Website

https://www.nitiraj.net

Nitiraj Engineers Ltd offers measure and counting devices in India. It operates in five broad segments i.e., Electronic Weighing Scales and Systems, Electronic Currency Counting Machines, and Digital Fare Meters, Home and Hotel Automation, and Mechanical Scales. The company generates maximum revenue from the Electronic Weighing Scales and Systems segment. Its diverse product portfolio caters to various sectors such as industrial, commercial, jewellery, healthcare, household, automobile, and home and hotel. Geographically it derives a majority of its revenue from India.

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