Rane Holdings (NSE:RANEHOLDIN) Days Payable : 77.66 (As of Mar. 2024)

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What is Rane Holdings Days Payable?

Rane Holdings's average Accounts Payable for the three months ended in Mar. 2024 was ₹4,224 Mil. Rane Holdings's Cost of Goods Sold for the three months ended in Mar. 2024 was ₹4,964 Mil. Hence, Rane Holdings's Days Payable for the three months ended in Mar. 2024 was 77.66.

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

NSE:RANEHOLDIN' s Days Payable Range Over the Past 10 Years
Min: 75.01 Med: 89.98 Max: 114.18
Current: 83.21

During the past 13 years, Rane Holdings's highest Days Payable was 114.18. The lowest was 75.01. And the median was 89.98.

NSE:RANEHOLDIN's Days Payable is ranked better than
62.6% of 1262 companies
in the Vehicles & Parts industry
Industry Median: 66.61 vs NSE:RANEHOLDIN: 83.21

Rane Holdings's Days Payable declined from Mar. 2023 (82.03) to Mar. 2024 (77.66). It may suggest that Rane Holdings accelerated paying its suppliers.

Rane Holdings Days Payable Historical Data

The historical data trend for Rane Holdings'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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Rane Holdings Days Payable Chart

Rane Holdings Annual Data

Trend

Mar15

Mar16

Mar17

Mar18

Mar19

Mar20

Mar21

Mar22

Mar23

Mar24

Days Payable

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100.39

114.18

108.60

88.64

82.39

Rane Holdings 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															82.03	88.09	80.08	89.02	77.66

Competitive Comparison of Rane Holdings's Days Payable

For the Auto Parts subindustry, Rane Holdings'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.

Rane Holdings's Days Payable Distribution in the Vehicles & Parts Industry

For the Vehicles & Parts industry and Consumer Cyclical sector, Rane Holdings's Days Payable distribution charts can be found below:

* The bar in red indicates where Rane Holdings's Days Payable falls into.

Rane Holdings 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.

Rane Holdings'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
=	( (4861.2	+	4224.4)	/	2 )	/	20126.3	*	365
=	4542.8					/	20126.3	*	365
=	82.39

Rane Holdings'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	+	4224.4)	/	1 )	/	4963.9	*	365 / 4
=	4224.4					/	4963.9	*	365 / 4
=	77.66

Rane Holdings Days Payable Related Terms

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Rane Holdings (NSE:RANEHOLDIN) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Consumer Cyclical » Vehicles & Parts » Rane Holdings Ltd (NSE:RANEHOLDIN) » Definitions » Days Payable

Comparable Companies

Traded in Other Exchanges

505800:India

Address

Maithri 132, Cathedral Road, Chennai, TN, IND, 600 086

Website

https://www.ranegroup.com

Rane Holdings Ltd is engaged in the manufacturing and marketing of automotive components for the transportation industry. It also provides consultancy and other services to the Group. The group supplies to various sections of the automobile industry including passenger vehicles, commercial vehicles, farm tractors, two-wheelers, three-wheelers, railways, and stationary engines. Steering and suspension systems, Friction material components, Valve train components, Occupant safety systems, Aluminium diecast components, and others are the products offered by the company. It derives revenue from India and the Rest of the world, of which key revenue is generated with in India.

Rane Holdings (NSE:RANEHOLDIN) Headlines

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