Elgi Equipments (BOM:522074) Days Payable : 73.89 (As of Mar. 2024)

View and export this data going back to 1905. Start your Free Trial

What is Elgi Equipments Days Payable?

Elgi Equipments's average Accounts Payable for the three months ended in Mar. 2024 was ₹3,454 Mil. Elgi Equipments's Cost of Goods Sold for the three months ended in Mar. 2024 was ₹4,266 Mil. Hence, Elgi Equipments's Days Payable for the three months ended in Mar. 2024 was 73.89.

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

BOM:522074' s Days Payable Range Over the Past 10 Years
Min: 75.28 Med: 80.35 Max: 87.84
Current: 76.62

During the past 13 years, Elgi Equipments's highest Days Payable was 87.84. The lowest was 75.28. And the median was 80.35.

BOM:522074's Days Payable is ranked worse than
50.12% of 2923 companies
in the Industrial Products industry
Industry Median: 76.67 vs BOM:522074: 76.62

Elgi Equipments's Days Payable increased from Mar. 2023 (69.07) to Mar. 2024 (73.89). It may suggest that Elgi Equipments delayed paying its suppliers.

Elgi Equipments Days Payable Historical Data

The historical data trend for Elgi Equipments'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.

* Premium members only.

Elgi Equipments Days Payable Chart

Elgi Equipments Annual Data

Trend

Mar15

Mar16

Mar17

Mar18

Mar19

Mar20

Mar21

Mar22

Mar23

Mar24

Days Payable

Get a 7-Day Free Trial

83.43

87.17

80.42

75.28

76.69

Elgi Equipments 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															69.07	81.25	77.27	74.70	73.89

Competitive Comparison of Elgi Equipments's Days Payable

For the Specialty Industrial Machinery subindustry, Elgi Equipments'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.

Elgi Equipments's Days Payable Distribution in the Industrial Products Industry

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

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

Elgi Equipments 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.

Elgi Equipments'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
=	( (3138.25	+	3454.28)	/	2 )	/	15689.28	*	365
=	3296.265					/	15689.28	*	365
=	76.69

Elgi Equipments'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	+	3454.28)	/	1 )	/	4265.88	*	365 / 4
=	3454.28					/	4265.88	*	365 / 4
=	73.89

Elgi Equipments Days Payable Related Terms

Thank you for viewing the detailed overview of Elgi Equipments's Days Payable provided by GuruFocus.com. Please click on the following links to see related term pages.

Elgi Equipments (BOM:522074) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Industrials » Industrial Products » Elgi Equipments Ltd (BOM:522074) » Definitions » Days Payable

Comparable Companies

Traded in Other Exchanges

ELGIEQUIP:India

Address

Trichy Road, Elgi Industrial Complex III, Singanallur, Coimbatore, TN, IND, 641 005

Website

https://www.elgi.com

Elgi Equipments Ltd manufactures air compressors and compressed air systems. The segment in which the group operates includes Air Compressors and Automotive Equipment. Its products include piston compressors, electric lubricated screw compressors, electric oil-free screw compressors, portable compressors, railway compressors and air accessories. Geographically, it derives a majority of its revenue is from India and also has a presence in the United States of America, Italy, Australia, and Other Countries. It serves Textiles; Manufacturing; Pharmaceutical; Agriculture and Mining. The company generates maximum revenue from the Air Compressors segment.

Elgi Equipments (BOM:522074) Headlines

No Headlines