Rainbow Papers (NSE:RAINBOWPAP) Days Payable: 0.00 (As of Dec. 2018)

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Director of Data and Quant Analytics at GuruFocus
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What is Rainbow Papers Days Payable?

Rainbow Papers NSE:RAINBOWPAP Days Payable is 0.00 as of Dec. 2018.

Rainbow Papers's average Accounts Payable for the three months ended in Dec. 2018 was ₹1,475.60 Mil. Rainbow Papers's Cost of Goods Sold for the three months ended in Dec. 2018 was ₹0.00 Mil.

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

NSE:RAINBOWPAP's Days Payable is not ranked *
in the Forest Products industry.
Industry Median: 56.5
* Ranked among companies with meaningful Days Payable only.

Rainbow Papers's Days Payable declined from Sep. 2017 (47,456.60) to Dec. 2018 (0.00). It may suggest that Rainbow Papers accelerated paying its suppliers.

Rainbow Papers Days Payable Historical Data

* Premium members only.

The historical data trend for Rainbow Papers'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.

Rainbow Papers Days Payable Chart

Rainbow Papers Annual Data
Trend Mar09 Mar10 Mar11 Mar12 Mar13 Mar14 Mar15 Mar16 Mar17 Mar18
Days Payable
Get a 7-Day Free Trial Premium Member Only Premium Member Only 60.27 61.05 159.95 1,669.16 189,005.69

Rainbow Papers Quarterly Data
Mar13 Jun13 Sep13 Dec13 Mar14 Jun14 Sep14 Dec14 Mar15 Jun15 Sep15 Dec15 Mar16 Sep16 Mar17 Sep17 Dec17 Mar18 Sep18 Dec18
Days Payable Get a 7-Day Free Trial Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only 47,456.60 0.00 3,521,680.89 0.00 0.00

Rainbow Papers Days Payable Competitor Comparison

For the Paper & Paper Products subindustry, Rainbow Papers'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.

Rainbow Papers Days Payable vs Forest Products Industry

For the Forest Products industry and Basic Materials sector, Rainbow Papers's Days Payable distribution charts can be found below:

* The bar in red indicates where Rainbow Papers's Days Payable falls into.


Rainbow Papers 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.

Rainbow Papers's Days Payable for the fiscal year that ended in Mar. 2018 is calculated as

Days Payable (A: Mar. 2018 )
=Average Accounts Payable /Cost of Goods Sold*Days in Period
=( (Accounts Payable (A: Mar. 2017 ) + Accounts Payable (A: Mar. 2018 )) / count ) / Cost of Goods Sold (A: Mar. 2018 )*Days in Period
=( (1472.605 + 1466.563) / 2 ) / 2.838*365
=1469.584 / 2.838*365
=189,005.69

Rainbow Papers's Days Payable for the quarter that ended in Dec. 2018 is calculated as:

Days Payable (Q: Dec. 2018 )
=Average Accounts Payable / Cost of Goods Sold*Days in Period
=( (Accounts Payable (Q: Sep. 2018 ) + Accounts Payable (Q: Dec. 2018 )) / count ) / Cost of Goods Sold (Q: Dec. 2018 )*Days in Period
=( (1475.6 + 0) / 1 ) / 0*365 / 4
=1475.6 / 0*365 / 4
=N/A

* 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.

Frequently Asked Questions Learn more about Days Payable →
What does a Days Payable of 0.00 mean?
Rainbow Papers (NSE:RAINBOWPAP) has a Days Payable of 0.00 as of Dec. 2018. Days payable represents the average amount of days a company waits to pay its invoices from suppliers. View historical data on Rainbow Papers and its competitors.
Is Rainbow Papers' Days Payable too high?
Rainbow Papers' current Days Payable is 0.00.
How does Rainbow Papers' Days Payable compare to competitors?
Rainbow Papers' Days Payable of 0.00 can be compared against companies in the Forest Products industry. The industry median Days Payable is 56.50. See the competitive comparison table and distribution chart on this page for a detailed peer-by-peer breakdown.
What is a good Days Payable for a Forest Products company?
The median Days Payable among Forest Products companies is 56.50, based on 275 companies in the industry. Companies in the top quartile (top 25%) have a Days Payable significantly above this median, while those in the bottom quartile fall well below. However, Days Payable should not be evaluated in isolation — investors should consider it alongside profitability, growth, and financial strength metrics. Use the industry distribution chart on this page to see where any company falls relative to its peers.
What does a high Days Payable mean?
A high Days Payable can signal that a stock is expensive relative to its fundamentals. Days payable represents the average amount of days a company waits to pay its invoices from suppliers. View historical data on Rainbow Papers and its competitors. For the Forest Products industry, the median Days Payable is 56.50 — values significantly above this may indicate overvaluation, while values below may suggest a bargain or underlying issues. Rainbow Papers's current Days Payable is 0.00. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is Rainbow Papers stock overvalued right now?
Rainbow Papers (NSE:RAINBOWPAP) has a current Days Payable of 0.00. The current Days Payable is 0.00. Investors should evaluate multiple metrics — including profitability, growth, and financial strength — before making a decision.
How is Days Payable calculated?
Days Payable is calculated from a company's financial statements. For Rainbow Papers (NSE:RAINBOWPAP), the current Days Payable is 0.00 as of Dec. 2018. GuruFocus calculates this using data sourced from SEC filings and annual reports. See the calculation section and 30-year financial data on this page for the full breakdown.

Rainbow Papers Business Description

Address 801, Avdhesh House, Opposite Shri Govind Gurudwara, Sarkhej-Gandhinagar Highway, Thaltej, Ahmedabad, GJ, IND, 380054
Rainbow Papers Ltd engaged in manufacturing, trading, and sale of paper and paper products. The company offers a range of paper including writing and printing paper, newsprint paper, duplex board, coated paper, color paper and board, crepe paper, poster paper, cast coated paper, fluorescent paper. The company supplies its products for industrial, packaging, stationery and textbook purpose. Rainbow Papers earns the majority of its revenue from India.