ADS Diagnostics (BOM:523031) Days Payable : 80.53 (As of Dec. 2023)

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What is ADS Diagnostics Days Payable?

ADS Diagnostics's average Accounts Payable for the three months ended in Dec. 2023 was ₹39.7 Mil. ADS Diagnostics's Cost of Goods Sold for the three months ended in Dec. 2023 was ₹45.0 Mil. Hence, ADS Diagnostics's Days Payable for the three months ended in Dec. 2023 was 80.53.

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

BOM:523031' s Days Payable Range Over the Past 10 Years
Min: 93.16 Med: 264.65 Max: 592.8
Current: 93.16

During the past 13 years, ADS Diagnostics's highest Days Payable was 592.80. The lowest was 93.16. And the median was 264.65.

BOM:523031's Days Payable is not ranked
in the Medical Devices & Instruments industry.
Industry Median: 72.79 vs BOM:523031: 93.16

ADS Diagnostics's Days Payable declined from Sep. 2022 (227.47) to Dec. 2023 (80.53). It may suggest that ADS Diagnostics accelerated paying its suppliers.

ADS Diagnostics Days Payable Historical Data

The historical data trend for ADS Diagnostics'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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ADS Diagnostics Days Payable Chart

ADS Diagnostics Annual Data

Trend

Mar14

Mar15

Mar16

Mar17

Mar18

Mar19

Mar20

Mar21

Mar22

Mar23

Days Payable

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592.80

311.67

360.70

248.55

145.62

ADS Diagnostics Quarterly Data
	Dec18	Mar19	Jun19	Sep19	Dec19	Mar20	Jun20	Sep20	Dec20	Mar21	Jun21	Sep21	Dec21	Mar22	Jun22	Sep22	Dec22	Mar23	Sep23	Dec23
Days Payable	Get a 7-Day Free Trial															227.47	81.45	89.49	80.09	80.53

Competitive Comparison of ADS Diagnostics's Days Payable

For the Medical Devices subindustry, ADS Diagnostics'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.

ADS Diagnostics's Days Payable Distribution in the Medical Devices & Instruments Industry

For the Medical Devices & Instruments industry and Healthcare sector, ADS Diagnostics's Days Payable distribution charts can be found below:

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

ADS Diagnostics 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.

ADS Diagnostics's Days Payable for the fiscal year that ended in Mar. 2023 is calculated as

	Days Payable (A: Mar. 2023 )
=	Average Accounts Payable					/	Cost of Goods Sold	*	Days in Period
=	( (Accounts Payable (A: Mar. 2022 )	+	Accounts Payable (A: Mar. 2023 ))	/	count )	/	Cost of Goods Sold (A: Mar. 2023 )	*	Days in Period
=	( (21.766	+	31.985)	/	2 )	/	67.366	*	365
=	26.8755					/	67.366	*	365
=	145.62

ADS Diagnostics's Days Payable for the quarter that ended in Dec. 2023 is calculated as:

	Days Payable (Q: Dec. 2023 )
=	Average Accounts Payable					/	Cost of Goods Sold	*	Days in Period
=	( (Accounts Payable (Q: Sep. 2023 )	+	Accounts Payable (Q: Dec. 2023 ))	/	count )	/	Cost of Goods Sold (Q: Dec. 2023 )	*	Days in Period
=	( (39.7	+	0)	/	1 )	/	44.982	*	365 / 4
=	39.7					/	44.982	*	365 / 4
=	80.53

ADS Diagnostics Days Payable Related Terms

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ADS Diagnostics (BOM:523031) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Healthcare » Medical Devices & Instruments » ADS Diagnostics Ltd (BOM:523031) » Definitions » Days Payable

Comparable Companies

Traded in Other Exchanges

N/A

Address

114, Sant Nagar, East of Kailash, New Delhi, IND, 110065

Website

https://www.adsdiagnosticlimited.com

ADS Diagnostics Ltd is an India based company engaged in the sale of medical equipment. It is focused on the business activity of the sale of trading goods, servicing and installation of medical equipment, lease rental, and distribution. The company generates key revenue from the sale of trading goods. It sells its products and services in India and internationally.

ADS Diagnostics (BOM:523031) Headlines

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