Prakash Pipes (NSE:PPL) Days Payable : 21.14 (As of Dec. 2023)

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What is Prakash Pipes Days Payable?

Prakash Pipes's average Accounts Payable for the three months ended in Dec. 2023 was ₹239 Mil. Prakash Pipes's Cost of Goods Sold for the three months ended in Dec. 2023 was ₹1,030 Mil. Hence, Prakash Pipes's Days Payable for the three months ended in Dec. 2023 was 21.14.

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

NSE:PPL' s Days Payable Range Over the Past 10 Years
Min: 16.87 Med: 21.29 Max: 23.81
Current: 23.81

During the past 6 years, Prakash Pipes's highest Days Payable was 23.81. The lowest was 16.87. And the median was 21.29.

NSE:PPL's Days Payable is ranked worse than
92.82% of 1602 companies
in the Construction industry
Industry Median: 75.99 vs NSE:PPL: 23.81

Prakash Pipes's Days Payable declined from Dec. 2022 (30.19) to Dec. 2023 (21.14). It may suggest that Prakash Pipes accelerated paying its suppliers.

Prakash Pipes Days Payable Historical Data

The historical data trend for Prakash Pipes'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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Prakash Pipes Days Payable Chart

Prakash Pipes Annual Data

Trend

Mar18

Mar19

Mar20

Mar21

Mar22

Mar23

Days Payable

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22.40

21.80

21.29

18.27

16.87

Prakash Pipes Quarterly Data
	Mar19	Jun19	Sep19	Dec19	Mar20	Jun20	Sep20	Dec20	Mar21	Jun21	Sep21	Dec21	Mar22	Jun22	Sep22	Dec22	Mar23	Jun23	Sep23	Dec23
Days Payable	Get a 7-Day Free Trial															30.19	20.09	17.96	17.95	21.14

Competitive Comparison of Prakash Pipes's Days Payable

For the Building Products & Equipment subindustry, Prakash Pipes'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.

Prakash Pipes's Days Payable Distribution in the Construction Industry

For the Construction industry and Industrials sector, Prakash Pipes's Days Payable distribution charts can be found below:

* The bar in red indicates where Prakash Pipes's Days Payable falls into.

Prakash Pipes 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.

Prakash Pipes'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
=	( (243.9	+	248.2)	/	2 )	/	5322.9	*	365
=	246.05					/	5322.9	*	365
=	16.87

Prakash Pipes'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
=	( (238.6	+	0)	/	1 )	/	1030	*	365 / 4
=	238.6					/	1030	*	365 / 4
=	21.14

Prakash Pipes Days Payable Related Terms

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Prakash Pipes (NSE:PPL) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Industrials » Construction » Prakash Pipes Ltd (NSE:PPL) » Definitions » Days Payable

Comparable Companies

Traded in Other Exchanges

542684:India

Address

Srivan, Bijwasan, New Delhi, IND, 110061

Website

https://www.prakashplastics.in

Prakash Pipes Ltd is engaged in the manufacture of PVC pipes and fittings. It offers a products such as Agri Pipes, Column Pipes, Plumbing Pipes, Casing Pipes, SWR Pipes, Garden Pipes and their related Fittings. Its segments are PVC Pipe and fitting and Flexible Packaging. It generates the majority of its revenue from PVC Pipe and fitting.