Harshil Agrotech (BOM:505336) Days Payable : 298.97 (As of Mar. 2024)

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What is Harshil Agrotech Days Payable?

Harshil Agrotech's average Accounts Payable for the three months ended in Mar. 2024 was ₹103.0 Mil. Harshil Agrotech's Cost of Goods Sold for the three months ended in Mar. 2024 was ₹31.4 Mil. Hence, Harshil Agrotech's Days Payable for the three months ended in Mar. 2024 was 298.97.

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

BOM:505336' s Days Payable Range Over the Past 10 Years
Min: 183.17 Med: 306.55 Max: 4042.55
Current: 278.36

During the past 13 years, Harshil Agrotech's highest Days Payable was 4042.55. The lowest was 183.17. And the median was 306.55.

BOM:505336's Days Payable is ranked better than
98.69% of 305 companies
in the Retail - Defensive industry
Industry Median: 44.54 vs BOM:505336: 278.36

Harshil Agrotech's Days Payable increased from Dec. 2022 (99.75) to Mar. 2024 (298.97). It may suggest that Harshil Agrotech delayed paying its suppliers.

Harshil Agrotech Days Payable Historical Data

The historical data trend for Harshil Agrotech'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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Harshil Agrotech Days Payable Chart

Harshil Agrotech Annual Data

Trend

Mar15

Mar16

Mar17

Mar18

Mar19

Mar20

Mar21

Mar22

Mar23

Mar24

Days Payable

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376.50

4,042.55

236.60

186.77

216.23

Harshil Agrotech Quarterly Data
	Mar19	Jun19	Sep19	Dec19	Mar20	Jun20	Sep20	Dec20	Mar21	Jun21	Sep21	Dec21	Mar22	Jun22	Sep22	Dec22	Mar23	Jun23	Dec23	Mar24
Days Payable	Get a 7-Day Free Trial															99.75	279.21	94.06	-	298.97

Competitive Comparison of Harshil Agrotech's Days Payable

For the Food Distribution subindustry, Harshil Agrotech'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.

Harshil Agrotech's Days Payable Distribution in the Retail - Defensive Industry

For the Retail - Defensive industry and Consumer Defensive sector, Harshil Agrotech's Days Payable distribution charts can be found below:

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

Harshil Agrotech 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.

Harshil Agrotech'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
=	( (30.54	+	102.972)	/	2 )	/	112.684	*	365
=	66.756					/	112.684	*	365
=	216.23

Harshil Agrotech'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	+	102.972)	/	1 )	/	31.429	*	365 / 4
=	102.972					/	31.429	*	365 / 4
=	298.97

Harshil Agrotech Days Payable Related Terms

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Harshil Agrotech (BOM:505336) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Consumer Defensive » Retail - Defensive » Harshil Agrotech Ltd (BOM:505336) » Definitions » Days Payable

Comparable Companies

Traded in Other Exchanges

N/A

Address

S. F-213, I Square, Nr. Shukan Mall Cross Road,, Science City Road,, Sola, Ahmedabad, GJ, IND, 380060

Website

https://www.mirchtechnologies.in

Harshil Agrotech Ltd Formerly Mirch Technologies (India) Ltd is previously engaged in industrial design and fabrication for Army, Navy, and Defense. The Company covers industries such as fertilizers, chemicals, petrochemicals, power plants, fibers, cement, steel plants, pharmaceuticals, dyes and intermediates, paper and pulp, and other allied processing industries. The Company is now engaged in Trading and Manufacturing of Agro and Its Related products.

Harshil Agrotech (BOM:505336) Headlines

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