Rite Zone Chemcon India (NSE:RITEZONE) Days Payable : 57.38 (As of Mar. 2024)

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What is Rite Zone Chemcon India Days Payable?

Rite Zone Chemcon India's average Accounts Payable for the six months ended in Mar. 2024 was ₹41.0 Mil. Rite Zone Chemcon India's Cost of Goods Sold for the six months ended in Mar. 2024 was ₹130.5 Mil. Hence, Rite Zone Chemcon India's Days Payable for the six months ended in Mar. 2024 was 57.38.

The historical rank and industry rank for Rite Zone Chemcon India's Days Payable or its related term are showing as below:

NSE:RITEZONE' s Days Payable Range Over the Past 10 Years
Min: 72.03 Med: 275.11 Max: 351.47
Current: 72.03

During the past 5 years, Rite Zone Chemcon India's highest Days Payable was 351.47. The lowest was 72.03. And the median was 275.11.

NSE:RITEZONE's Days Payable is ranked better than
61.4% of 1518 companies
in the Chemicals industry
Industry Median: 57.78 vs NSE:RITEZONE: 72.03

Rite Zone Chemcon India's Days Payable declined from Mar. 2023 (95.38) to Mar. 2024 (57.38). It may suggest that Rite Zone Chemcon India accelerated paying its suppliers.

Rite Zone Chemcon India Days Payable Historical Data

The historical data trend for Rite Zone Chemcon India'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.

* Premium members only.

Rite Zone Chemcon India Days Payable Chart

Rite Zone Chemcon India Annual Data

Trend

Mar20

Mar21

Mar22

Mar23

Mar24

Days Payable

275.11

351.47

287.37

84.06

74.42

Rite Zone Chemcon India Semi-Annual Data
	Mar20	Mar21	Mar22	Sep22	Mar23	Sep23	Mar24
Days Payable	Get a 7-Day Free Trial			-	104.96	95.38	92.18	57.38

Competitive Comparison of Rite Zone Chemcon India's Days Payable

For the Specialty Chemicals subindustry, Rite Zone Chemcon India'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.

Rite Zone Chemcon India's Days Payable Distribution in the Chemicals Industry

For the Chemicals industry and Basic Materials sector, Rite Zone Chemcon India's Days Payable distribution charts can be found below:

* The bar in red indicates where Rite Zone Chemcon India's Days Payable falls into.

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Rite Zone Chemcon India 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.

Rite Zone Chemcon India'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
=	( (43.864	+	42.864)	/	2 )	/	212.675	*	365
=	43.364					/	212.675	*	365
=	74.42

Rite Zone Chemcon India'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: Sep. 2023 )	+	Accounts Payable (Q: Mar. 2024 ))	/	count )	/	Cost of Goods Sold (Q: Mar. 2024 )	*	Days in Period
=	( (39.176	+	42.864)	/	2 )	/	130.47	*	365 / 2
=	41.02					/	130.47	*	365 / 2
=	57.38

Rite Zone Chemcon India Days Payable Related Terms

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Rite Zone Chemcon India Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Basic Materials » Chemicals » Rite Zone Chemcon India Ltd (NSE:RITEZONE) » Definitions » Days Payable

Comparable Companies

Traded in Other Exchanges

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Address

Row House 11, Beverly Park, Row House co-operative housing society Ltd, Mira Road, Thane, MH, IND, 401107

Website

http://www.ritezone.in

Rite Zone Chemcon India Ltd deals in a range of construction chemicals and concrete products. The company offers complete construction solutions by supplying a complete range of various chemical products related to civil construction, infrastructure, building and structure including pre-construction or post construction as well as supplying all types of concrete required for construction and infrastructure developments.

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