Voltas (NSE:VOLTAS) Days Payable : 104.32 (As of Mar. 2024)

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What is Voltas Days Payable?

Voltas's average Accounts Payable for the three months ended in Mar. 2024 was ₹38,557 Mil. Voltas's Cost of Goods Sold for the three months ended in Mar. 2024 was ₹33,727 Mil. Hence, Voltas's Days Payable for the three months ended in Mar. 2024 was 104.32.

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

NSE:VOLTAS' s Days Payable Range Over the Past 10 Years
Min: 116.42 Med: 160.44 Max: 168.45
Current: 116.42

During the past 13 years, Voltas's highest Days Payable was 168.45. The lowest was 116.42. And the median was 160.44.

NSE:VOLTAS's Days Payable is ranked better than
68.84% of 2936 companies
in the Industrial Products industry
Industry Median: 76.415 vs NSE:VOLTAS: 116.42

Voltas's Days Payable declined from Mar. 2023 (118.58) to Mar. 2024 (104.32). It may suggest that Voltas accelerated paying its suppliers.

Voltas Days Payable Historical Data

The historical data trend for Voltas'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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Voltas Days Payable Chart

Voltas Annual Data

Trend

Mar15

Mar16

Mar17

Mar18

Mar19

Mar20

Mar21

Mar22

Mar23

Mar24

Days Payable

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166.19

168.45

167.21

147.29

127.72

Voltas 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															118.58	103.72	133.00	111.70	104.32

Competitive Comparison of Voltas's Days Payable

For the Specialty Industrial Machinery subindustry, Voltas'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.

Voltas's Days Payable Distribution in the Industrial Products Industry

For the Industrial Products industry and Industrials sector, Voltas's Days Payable distribution charts can be found below:

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

Voltas 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.

Voltas'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
=	( (30126.3	+	38557.2)	/	2 )	/	98140.4	*	365
=	34341.75					/	98140.4	*	365
=	127.72

Voltas'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	+	38557.2)	/	1 )	/	33726.9	*	365 / 4
=	38557.2					/	33726.9	*	365 / 4
=	104.32

Voltas Days Payable Related Terms

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Voltas (NSE:VOLTAS) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Industrials » Industrial Products » Voltas Ltd (NSE:VOLTAS) » Definitions » Days Payable

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500575:India

Address

Dr. Babasaheb Ambedkar Road, Voltas House ‘A’, Chinchpokli, Mumbai, MH, IND, 400 033

Website

https://www.voltas.com

Voltas Ltd is one of India's largest air conditioning companies. It provides engineering solutions for heating, ventilation, and air conditioning, refrigeration, textile machinery, and heavy equipment. Voltas has three operating segments: Unitary Cooling Products for Comfort and Commercial use, Engineering Products and Services, and Electro-Mechanical Projects and Services. Remote monitoring and maintenance systems keep track of performance and strengthen relationships with customers. The majority of revenue comes from India, with the remainder split among the Middle East, Singapore, and other regions.

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