Shilpa Medicare (NSE:SHILPAMED) Days Payable : 72.64 (As of Sep. 2024)

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What is Shilpa Medicare Days Payable?

Shilpa Medicare's average Accounts Payable for the three months ended in Sep. 2024 was ₹971 Mil. Shilpa Medicare's Cost of Goods Sold for the three months ended in Sep. 2024 was ₹1,220 Mil. Hence, Shilpa Medicare's Days Payable for the three months ended in Sep. 2024 was 72.64.

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

NSE:SHILPAMED' s Days Payable Range Over the Past 10 Years
Min: 100.45 Med: 109.11 Max: 142.23
Current: 136.07

During the past 13 years, Shilpa Medicare's highest Days Payable was 142.23. The lowest was 100.45. And the median was 109.11.

NSE:SHILPAMED's Days Payable is ranked better than
71.95% of 952 companies
in the Drug Manufacturers industry
Industry Median: 85.205 vs NSE:SHILPAMED: 136.07

Shilpa Medicare's Days Payable declined from Sep. 2023 (134.06) to Sep. 2024 (72.64). It may suggest that Shilpa Medicare accelerated paying its suppliers.

Shilpa Medicare Days Payable Historical Data

The historical data trend for Shilpa Medicare'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.

Shilpa Medicare Days Payable Chart

Shilpa Medicare Annual Data

Trend

Mar15

Mar16

Mar17

Mar18

Mar19

Mar20

Mar21

Mar22

Mar23

Mar24

Days Payable

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113.86

107.71

101.35

126.46

142.23

Shilpa Medicare Quarterly Data
	Dec19	Mar20	Jun20	Sep20	Dec20	Mar21	Jun21	Sep21	Dec21	Mar22	Jun22	Sep22	Dec22	Mar23	Jun23	Sep23	Dec23	Mar24	Jun24	Sep24
Days Payable	Get a 7-Day Free Trial															134.06	174.71	164.33	171.89	72.64

Competitive Comparison of Shilpa Medicare's Days Payable

For the Drug Manufacturers - Specialty & Generic subindustry, Shilpa Medicare'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.

Shilpa Medicare's Days Payable Distribution in the Drug Manufacturers Industry

For the Drug Manufacturers industry and Healthcare sector, Shilpa Medicare's Days Payable distribution charts can be found below:

* The bar in red indicates where Shilpa Medicare's Days Payable falls into.

Shilpa Medicare 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.

Shilpa Medicare'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
=	( (1428.001	+	1748.242)	/	2 )	/	4075.544	*	365
=	1588.1215					/	4075.544	*	365
=	142.23

Shilpa Medicare's Days Payable for the quarter that ended in Sep. 2024 is calculated as:

	Days Payable (Q: Sep. 2024 )
=	Average Accounts Payable					/	Cost of Goods Sold	*	Days in Period
=	( (Accounts Payable (Q: Jun. 2024 )	+	Accounts Payable (Q: Sep. 2024 ))	/	count )	/	Cost of Goods Sold (Q: Sep. 2024 )	*	Days in Period
=	( (0	+	971.042)	/	1 )	/	1219.823	*	365 / 4
=	971.042					/	1219.823	*	365 / 4
=	72.64

Shilpa Medicare Days Payable Related Terms

Thank you for viewing the detailed overview of Shilpa Medicare's Days Payable provided by GuruFocus.com. Please click on the following links to see related term pages.

Shilpa Medicare Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Healthcare » Drug Manufacturers » Shilpa Medicare Ltd (NSE:SHILPAMED) » Definitions » Days Payable

Traded in Other Exchanges

530549:India

Address

Hyderabad Road, Number 12-6-214/A-1, Shilpa House, Raichur, KA, IND, 584135

Website

https://www.vbshilpa.com

Shilpa Medicare Ltd is a specialty and generic drug manufacturer. The company's product range includes over 44 oncology and non-oncology APIs. It uses nano and micro technology in its drug identification and formulation. The operating segments of the company are Pharmaceutical products and services, which is the key revenue-generating segment; and Power sales. Geographically, the group derives revenue from India and Outside India, of which prime revenue is generated from India.

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