Victory Electric Vehicles International (NSE:VICTORYEV) Days Payable: 53.14 (As of Sep. 2025) — 25% Above Median

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NSE:VICTORYEV Victory Electric Vehicles International Ltd NSE:VICTORYEV
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What is Victory Electric Vehicles International Days Payable?

Victory Electric Vehicles International NSE:VICTORYEV +2.74% 18 Days Payable is 53.14 as of Sep. 2025, which is 25% above its 10-year median of 42.36. GuruFocus rates NSE:VICTORYEV with a GF Score™ of 18/100. The stock has 4 warning signs investors should review. Among 1,306 Vehicles & Parts companies, Victory Electric Vehicles International ranks better than 70.98% on this metric.

Victory Electric Vehicles International's average Accounts Payable for the six months ended in Sep. 2025 was ₹36.3 Mil. Victory Electric Vehicles International's Cost of Goods Sold for the six months ended in Sep. 2025 was ₹124.8 Mil. Hence, Victory Electric Vehicles International's Days Payable for the six months ended in Sep. 2025 was 53.14.

The historical rank and industry rank for Victory Electric Vehicles International's Days Payable or its related term are showing as below:

NSE:VICTORYEV' s Days Payable Range Over the Past 10 Years
Min: 26.32   Med: 42.36   Max: 106.28
Current: 106.28

During the past 3 years, Victory Electric Vehicles International's highest Days Payable was 106.28. The lowest was 26.32. And the median was 42.36.

NSE:VICTORYEV's Days Payable is ranked better than
70.98% of 1306 companies
in the Vehicles & Parts industry
Industry Median: 67.14 vs NSE:VICTORYEV: 106.28

Victory Electric Vehicles International's Days Payable increased from Mar. 2024 (0.00) to Sep. 2025 (53.14). It may suggest that Victory Electric Vehicles International delayed paying its suppliers.


Victory Electric Vehicles International Days Payable Related Terms


Victory Electric Vehicles International Days Payable Historical Data

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The historical data trend for Victory Electric Vehicles International'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.

Victory Electric Vehicles International Days Payable Chart

Victory Electric Vehicles International Annual Data
Trend Mar23 Mar24 Mar25
Days Payable
47.92 42.36 26.32

Victory Electric Vehicles International Semi-Annual Data
Mar23 Mar24 Mar25 Sep25
Days Payable 0.00 0.00 0.00 53.14

NSE:VICTORYEV vs TSLA, GM, F: Days Payable Comparison

For the Auto Manufacturers subindustry, Victory Electric Vehicles International'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.


Victory Electric Vehicles International Days Payable vs Vehicles & Parts Industry

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

* The bar in red indicates where Victory Electric Vehicles International's Days Payable falls into.


NSE:VICTORYEV
18GF Score
Victory Electric Vehicles International Ltd NSE:VICTORYEV
Days Payable is just one metric. See GF Score™, valuation, warning signs, and more.
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Victory Electric Vehicles International 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.

Victory Electric Vehicles International's Days Payable for the fiscal year that ended in Mar. 2025 is calculated as

Days Payable (A: Mar. 2025 )
=Average Accounts Payable /Cost of Goods Sold*Days in Period
=( (Accounts Payable (A: Mar. 2024 ) + Accounts Payable (A: Mar. 2025 )) / count ) / Cost of Goods Sold (A: Mar. 2025 )*Days in Period
=( (25.565 + 29.025) / 2 ) / 378.515*365
=27.295 / 378.515*365
=26.32

Victory Electric Vehicles International's Days Payable for the quarter that ended in Sep. 2025 is calculated as:

Days Payable (Q: Sep. 2025 )
=Average Accounts Payable / Cost of Goods Sold*Days in Period
=( (Accounts Payable (Q: Mar. 2025 ) + Accounts Payable (Q: Sep. 2025 )) / count ) / Cost of Goods Sold (Q: Sep. 2025 )*Days in Period
=( (29.025 + 43.662) / 2 ) / 124.817*365 / 2
=36.3435 / 124.817*365 / 2
=53.14

* 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.

Frequently Asked Questions Learn more about Days Payable →
What does a Days Payable of 53.14 mean?
Victory Electric Vehicles International (NSE:VICTORYEV) has a Days Payable of 53.14 as of Sep. 2025. Days payable represents the average amount of days a company waits to pay its invoices from suppliers. View historical data on Victory Electric Vehicles International and its competitors. This is 25% above median its historical median of 42.36. Over the past decade, Victory Electric Vehicles International's Days Payable has ranged from 26.32 to 106.28. According to the industry distribution chart, Victory Electric Vehicles International ranks #379 out of 1306 companies in the Vehicles & Parts industry, placing it in the top 29%.
Is Victory Electric Vehicles International's Days Payable too high?
Victory Electric Vehicles International's current Days Payable of 53.14 is 25% above median its 10-year median of 42.36. Over the past 10 years, this metric has ranged from a low of 26.32 to a high of 106.28. The Vehicles & Parts industry median Days Payable is 67.14. Victory Electric Vehicles International's value of 53.14 is 20.9% below this industry median. Based on the distribution chart, Victory Electric Vehicles International ranks #379 out of 1306 companies in the Vehicles & Parts industry, which is above the industry midpoint. Overall, Victory Electric Vehicles International has a GF Score™ of 18/100, reflecting its overall financial health beyond just this single metric.
How does Victory Electric Vehicles International's Days Payable compare to TSLA and GM?
According to the Vehicles & Parts industry distribution chart, Victory Electric Vehicles International ranks #379 out of 1306 companies for Days Payable. This puts Victory Electric Vehicles International in the upper half of its industry. The industry median Days Payable is 67.14. Victory Electric Vehicles International's value of 53.14 is 20.9% below this benchmark. Historically, Victory Electric Vehicles International's own Days Payable has ranged from 26.32 to 106.28 over the past decade. While the company's 10-year median is 42.36 vs. the industry median of 67.14, Victory Electric Vehicles International has consistently been below the industry average. See the competitive comparison table and distribution chart on this page for a detailed peer-by-peer breakdown.
What is a good Days Payable for a Vehicles & Parts company?
The median Days Payable among Vehicles & Parts companies is 67.14, based on 1,306 companies in the industry. Companies in the top quartile (top 25%) have a Days Payable significantly above this median, while those in the bottom quartile fall well below. However, Days Payable should not be evaluated in isolation — investors should consider it alongside profitability, growth, and financial strength metrics. Victory Electric Vehicles International's current Days Payable of 53.14 is 20.9% below the industry median. Use the industry distribution chart on this page to see where any company falls relative to its peers.
What does a high Days Payable mean?
A high Days Payable can signal that a stock is expensive relative to its fundamentals. Days payable represents the average amount of days a company waits to pay its invoices from suppliers. View historical data on Victory Electric Vehicles International and its competitors. For the Vehicles & Parts industry, the median Days Payable is 67.14 — values significantly above this may indicate overvaluation, while values below may suggest a bargain or underlying issues. Victory Electric Vehicles International's current Days Payable is 53.14, which is 25% above median its own 10-year median of 42.36. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is Victory Electric Vehicles International stock overvalued right now?
Victory Electric Vehicles International (NSE:VICTORYEV) has a current Days Payable of 53.14. The current Days Payable is 53.14, which is 25% above median its 10-year median of 42.36 and 20.9% below the Vehicles & Parts industry median of 67.14. Victory Electric Vehicles International's overall GF Score™ is 18/100 with 4 warning signs to review. Investors should evaluate multiple metrics — including profitability, growth, and financial strength — before making a decision.
How is Days Payable calculated?
Days Payable is calculated from a company's financial statements. For Victory Electric Vehicles International (NSE:VICTORYEV), the current Days Payable is 53.14 as of Sep. 2025. GuruFocus calculates this using data sourced from SEC filings and annual reports. See the calculation section and 30-year financial data on this page for the full breakdown.

Victory Electric Vehicles International Business Description

Address Plot no 6, Second Floor, A-5, Maa Bhagwati Apartment, Paschim Vihar, New Delhi, IND, 110063
Victory Electric Vehicles International Ltd is engaged in the business of manufacturing of battery operated electric rickshaws and electric scooters. The company's key offerings include solar rickshaws, Auto-rickshaws, Motor vehicles, Scooters, Motor-Scooters, three-wheelers, motor cycles, cycles automobiles, and motorcars. Its product segments include Two wheelers, Three wheelers, Passenger Vehicles, and Commercial Vehicles. The company generates the majority of revenue from the sale of Electric Vehicles, mainly from Three-Wheeler vehicle sales.
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