Osel Devices (NSE:OSELDEVICE) Days Payable : 93.77 (As of Mar. 2024)

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What is Osel Devices Days Payable?

Osel Devices's average Accounts Payable for the six months ended in Mar. 2024 was ₹262 Mil. Osel Devices's Cost of Goods Sold for the six months ended in Mar. 2024 was ₹1,018 Mil. Hence, Osel Devices's Days Payable for the six months ended in Mar. 2024 was 46.89.

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

NSE:OSELDEVICE' s Days Payable Range Over the Past 10 Years
Min: 36.61 Med: 73.31 Max: 93.77
Current: 93.77

During the past 4 years, Osel Devices's highest Days Payable was 93.77. The lowest was 36.61. And the median was 73.31.

NSE:OSELDEVICE's Days Payable is ranked better than
61.62% of 792 companies
in the Medical Devices & Instruments industry
Industry Median: 70.185 vs NSE:OSELDEVICE: 93.77

Osel Devices's Days Payable increased from Mar. 2022 (63.87) to Mar. 2024 (93.77). It may suggest that Osel Devices delayed paying its suppliers.

Osel Devices Days Payable Historical Data

The historical data trend for Osel Devices'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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Osel Devices Days Payable Chart

Osel Devices Annual Data

Trend

Mar21

Mar22

Mar23

Mar24

Days Payable

36.61

63.87

82.74

93.77

Osel Devices Semi-Annual Data
	Mar21	Mar22	Mar23	Mar24
Days Payable	36.61	63.87	82.74	93.77

Competitive Comparison of Osel Devices's Days Payable

For the Medical Devices subindustry, Osel Devices'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.

Osel Devices's Days Payable Distribution in the Medical Devices & Instruments Industry

For the Medical Devices & Instruments industry and Healthcare sector, Osel Devices's Days Payable distribution charts can be found below:

* The bar in red indicates where Osel Devices's Days Payable falls into.

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Osel Devices 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.

Osel Devices'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
=	( (161.813	+	361.24)	/	2 )	/	1017.983	*	365
=	261.5265					/	1017.983	*	365
=	93.77

Osel Devices'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: Mar. 2023 )	+	Accounts Payable (Q: Mar. 2024 ))	/	count )	/	Cost of Goods Sold (Q: Mar. 2024 )	*	Days in Period
=	( (161.813	+	361.24)	/	2 )	/	1017.983	*	365 / 2
=	261.5265					/	1017.983	*	365 / 2
=	46.89

Osel Devices Days Payable Related Terms

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Osel Devices Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Healthcare » Medical Devices & Instruments » Osel Devices Ltd (NSE:OSELDEVICE) » Definitions » Days Payable

Comparable Companies

Traded in Other Exchanges

N/A

Address

Plot No. 3, Sector Knowledge Park- III, Signature Tower First Floor, Sector 34, Gautam Buddha Nagar, Greater Noida, UP, IND, 201308

Website

Osel Devcies Ltd manufactures a comprehensive range of LED display systems and hearing aids. The company manufactures a comprehensive range of LED display systems including all major components for commercial use such as advertising media, billboards, corporate boardrooms, presentations, display promotions, command centers, and front signs. It also manufactures hearing aids, commonly known as health aids, to assist people with disabilities, the elderly, and the chronically ill who have low hearing levels. The company's main customer for hearing aids is the Artificial Limbs Manufacturing Corporation of India. Osel Devcies Generates the majority of revenue from Hearing Aids.

Osel Devices Headlines

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