VRL Logistics (NSE:VRLLOG) Days Payable : 1.99 (As of Sep. 2024)

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What is VRL Logistics Days Payable?

VRL Logistics's average Accounts Payable for the three months ended in Sep. 2024 was ₹157 Mil. VRL Logistics's Cost of Goods Sold for the three months ended in Sep. 2024 was ₹7,193 Mil. Hence, VRL Logistics's Days Payable for the three months ended in Sep. 2024 was 1.99.

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

NSE:VRLLOG' s Days Payable Range Over the Past 10 Years
Min: 0.89 Med: 1.48 Max: 3.28
Current: 2.15

During the past 13 years, VRL Logistics's highest Days Payable was 3.28. The lowest was 0.89. And the median was 1.48.

NSE:VRLLOG's Days Payable is ranked worse than
99.04% of 933 companies
in the Transportation industry
Industry Median: 37.3 vs NSE:VRLLOG: 2.15

VRL Logistics's Days Payable declined from Sep. 2023 (2.46) to Sep. 2024 (1.99). It may suggest that VRL Logistics accelerated paying its suppliers.

VRL Logistics Days Payable Historical Data

The historical data trend for VRL Logistics'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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VRL Logistics Days Payable Chart

VRL Logistics Annual Data

Trend

Mar15

Mar16

Mar17

Mar18

Mar19

Mar20

Mar21

Mar22

Mar23

Mar24

Days Payable

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0.89

1.92

3.28

2.69

2.06

VRL Logistics 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															2.46	2.36	2.11	2.01	1.99

Competitive Comparison of VRL Logistics's Days Payable

For the Trucking subindustry, VRL Logistics'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.

VRL Logistics's Days Payable Distribution in the Transportation Industry

For the Transportation industry and Industrials sector, VRL Logistics's Days Payable distribution charts can be found below:

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

VRL Logistics 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.

VRL Logistics'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
=	( (142.118	+	152.569)	/	2 )	/	26157.873	*	365
=	147.3435					/	26157.873	*	365
=	2.06

VRL Logistics'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	+	157.15)	/	1 )	/	7192.896	*	365 / 4
=	157.15					/	7192.896	*	365 / 4
=	1.99

VRL Logistics Days Payable Related Terms

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VRL Logistics Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Industrials » Transportation » VRL Logistics Ltd (NSE:VRLLOG) » Definitions » Days Payable

Comparable Companies

Traded in Other Exchanges

539118:India

Address

Circuit House Road, Giriraj Annexe, Hubballi, KA, IND, 580029

Website

https://www.vrlgroup.in

VRL Logistics Ltd is engaged in the business of logistics services dealing mainly with goods and passenger transportation. The company operates through four segments namely, Goods transport, Bus operations, Sale of power, and Transport of passengers by air. Its Goods transport segment, which generates key revenue for the company, uses a range of road transportation solutions for the customers, including less than full truckload and full truckload. It also does courier business for the transportation of small parcels and documents using a range of multi-model solutions. Geographically the group derives prime revenue from India.

VRL Logistics Headlines

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