Thyrocare Technologies (NSE:THYROCARE) Days Payable : 78.59 (As of Mar. 2024)

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What is Thyrocare Technologies Days Payable?

Thyrocare Technologies's average Accounts Payable for the three months ended in Mar. 2024 was ₹401 Mil. Thyrocare Technologies's Cost of Goods Sold for the three months ended in Mar. 2024 was ₹466 Mil. Hence, Thyrocare Technologies's Days Payable for the three months ended in Mar. 2024 was 78.59.

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

NSE:THYROCARE' s Days Payable Range Over the Past 10 Years
Min: 5.23 Med: 33.98 Max: 70.18
Current: 59.78

During the past 10 years, Thyrocare Technologies's highest Days Payable was 70.18. The lowest was 5.23. And the median was 33.98.

NSE:THYROCARE's Days Payable is ranked worse than
53.88% of 206 companies
in the Medical Diagnostics & Research industry
Industry Median: 66.645 vs NSE:THYROCARE: 59.78

Thyrocare Technologies's Days Payable increased from Mar. 2023 (61.33) to Mar. 2024 (78.59). It may suggest that Thyrocare Technologies delayed paying its suppliers.

Thyrocare Technologies Days Payable Historical Data

The historical data trend for Thyrocare Technologies'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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Thyrocare Technologies Days Payable Chart

Thyrocare Technologies Annual Data

Trend

Mar15

Mar16

Mar17

Mar18

Mar19

Mar20

Mar21

Mar22

Mar23

Mar24

Days Payable

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45.78

52.19

44.68

45.30

70.18

Thyrocare Technologies 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															61.33	57.50	37.24	42.30	78.59

Competitive Comparison of Thyrocare Technologies's Days Payable

For the Diagnostics & Research subindustry, Thyrocare Technologies'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.

Thyrocare Technologies's Days Payable Distribution in the Medical Diagnostics & Research Industry

For the Medical Diagnostics & Research industry and Healthcare sector, Thyrocare Technologies's Days Payable distribution charts can be found below:

* The bar in red indicates where Thyrocare Technologies's Days Payable falls into.

Thyrocare Technologies 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.

Thyrocare Technologies'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
=	( (239.9	+	401.1)	/	2 )	/	1667	*	365
=	320.5					/	1667	*	365
=	70.18

Thyrocare Technologies'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	+	401.1)	/	1 )	/	465.7	*	365 / 4
=	401.1					/	465.7	*	365 / 4
=	78.59

Thyrocare Technologies Days Payable Related Terms

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Thyrocare Technologies (NSE:THYROCARE) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Healthcare » Medical Diagnostics & Research » Thyrocare Technologies Ltd (NSE:THYROCARE) » Definitions » Days Payable

Comparable Companies

Traded in Other Exchanges

539871:India

Address

D-37/1, TTC Industrial Area, MIDC, Turbhe, Opposite Sandoz, Navi Mumbai, MH, IND, 400703

Website

https://www.thyrocare.com

Thyrocare Technologies Ltd is a diagnostics & research company. The company has three business segments: Diagnostic Testing Services, Imaging Services, and Other. The Diagnostic Testing Services segment provides a medical diagnostic investigation into thyroid disorders, metabolism disorders, diabetes, anemia, infertility, auto-immunity, and other infectious diseases. The company primarily earns majority of its revenue from Diagnostic Testing Services segment. The Imaging Services segment operates a network of imaging centers focused on early and effective cancer monitoring. The Other business segment provides miscellaneous services. The company earns the vast majority of its revenue in India.

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