Rana Sugars (NSE:RANASUG) Days Payable : 121.66 (As of Mar. 2024)

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What is Rana Sugars Days Payable?

Rana Sugars's average Accounts Payable for the three months ended in Mar. 2024 was ₹4,374 Mil. Rana Sugars's Cost of Goods Sold for the three months ended in Mar. 2024 was ₹3,281 Mil. Hence, Rana Sugars's Days Payable for the three months ended in Mar. 2024 was 121.66.

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

NSE:RANASUG' s Days Payable Range Over the Past 10 Years
Min: 81.67 Med: 135.54 Max: 189.42
Current: 106.64

During the past 13 years, Rana Sugars's highest Days Payable was 189.42. The lowest was 81.67. And the median was 135.54.

NSE:RANASUG's Days Payable is ranked better than
83.17% of 1794 companies
in the Consumer Packaged Goods industry
Industry Median: 46.18 vs NSE:RANASUG: 106.64

Rana Sugars's Days Payable declined from Mar. 2023 (122.53) to Mar. 2024 (121.66). It may suggest that Rana Sugars accelerated paying its suppliers.

Rana Sugars Days Payable Historical Data

The historical data trend for Rana Sugars'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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Rana Sugars Days Payable Chart

Rana Sugars Annual Data

Trend

Mar15

Mar16

Mar17

Mar18

Mar19

Mar20

Mar21

Mar22

Mar23

Mar24

Days Payable

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157.60

185.61

189.42

138.21

122.87

Rana Sugars Quarterly Data
	Jun19	Sep19	Dec19	Mar20	Jun20	Sep20	Dec20	Mar21	Jun21	Sep21	Dec21	Mar22	Jun22	Sep22	Dec22	Mar23	Jun23	Sep23	Dec23	Mar24
Days Payable	Get a 7-Day Free Trial															122.53	94.83	81.10	94.85	121.66

Competitive Comparison of Rana Sugars's Days Payable

For the Confectioners subindustry, Rana Sugars'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.

Rana Sugars's Days Payable Distribution in the Consumer Packaged Goods Industry

For the Consumer Packaged Goods industry and Consumer Defensive sector, Rana Sugars's Days Payable distribution charts can be found below:

* The bar in red indicates where Rana Sugars's Days Payable falls into.

Rana Sugars 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.

Rana Sugars'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
=	( (4291.479	+	4374.477)	/	2 )	/	12872.104	*	365
=	4332.978					/	12872.104	*	365
=	122.87

Rana Sugars'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: Dec. 2023 )	+	Accounts Payable (Q: Mar. 2024 ))	/	count )	/	Cost of Goods Sold (Q: Mar. 2024 )	*	Days in Period
=	( (0	+	4374.477)	/	1 )	/	3281.115	*	365 / 4
=	4374.477					/	3281.115	*	365 / 4
=	121.66

Rana Sugars Days Payable Related Terms

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Rana Sugars (NSE:RANASUG) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Consumer Defensive » Consumer Packaged Goods » Rana Sugars Ltd (NSE:RANASUG) » Definitions » Days Payable

Comparable Companies

Traded in Other Exchanges

507490:India

Address

SCO 49-50, Madhya Marg, Sector 8-C, Chandigarh, IND, 160009

Website

http://www.ranasugars.com

Rana Sugars Ltd is a sugar manufacturing company. Its segments include Sugar Manufacturing, Ethanol Manufacturing, and Power Generation. The Sugar Manufacturing segment acts as a core revenue driver for the firm which involves the manufacturing and selling of sugar, molasses, and bagasse. The company offers Double Refined White Sulphurless Sugar, Plantation White Sugar, Raw Sugar, and Sugar from Sugar Beet. Geographically, it operates in India.

Rana Sugars (NSE:RANASUG) Headlines

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