Aakash Exploration Services (NSE:AAKASH) Days Payable : 25.02 (As of Mar. 2024)

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What is Aakash Exploration Services Days Payable?

Aakash Exploration Services's average Accounts Payable for the three months ended in Mar. 2024 was ₹31.2 Mil. Aakash Exploration Services's Cost of Goods Sold for the three months ended in Mar. 2024 was ₹113.8 Mil. Hence, Aakash Exploration Services's Days Payable for the three months ended in Mar. 2024 was 25.02.

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

NSE:AAKASH' s Days Payable Range Over the Past 10 Years
Min: 23.82 Med: 36.65 Max: 71.99
Current: 58.17

During the past 12 years, Aakash Exploration Services's highest Days Payable was 71.99. The lowest was 23.82. And the median was 36.65.

NSE:AAKASH's Days Payable is ranked worse than
51.72% of 899 companies
in the Oil & Gas industry
Industry Median: 61.13 vs NSE:AAKASH: 58.17

Aakash Exploration Services's Days Payable declined from Mar. 2023 (42.75) to Mar. 2024 (25.02). It may suggest that Aakash Exploration Services accelerated paying its suppliers.

Aakash Exploration Services Days Payable Historical Data

The historical data trend for Aakash Exploration Services'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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Aakash Exploration Services Days Payable Chart

Aakash Exploration Services Annual Data

Trend

Mar15

Mar16

Mar17

Mar18

Mar19

Mar20

Mar21

Mar22

Mar23

Mar24

Days Payable

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27.60

30.62

23.82

66.28

71.99

Aakash Exploration Services Quarterly Data
	Mar19	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															42.75	95.23	66.49	142.67	25.02

Competitive Comparison of Aakash Exploration Services's Days Payable

For the Oil & Gas Equipment & Services subindustry, Aakash Exploration Services'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.

Aakash Exploration Services's Days Payable Distribution in the Oil & Gas Industry

For the Oil & Gas industry and Energy sector, Aakash Exploration Services's Days Payable distribution charts can be found below:

* The bar in red indicates where Aakash Exploration Services's Days Payable falls into.

Aakash Exploration Services 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.

Aakash Exploration Services'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
=	( (40.508	+	31.196)	/	2 )	/	181.764	*	365
=	35.852					/	181.764	*	365
=	71.99

Aakash Exploration Services'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	+	31.196)	/	1 )	/	113.773	*	365 / 4
=	31.196					/	113.773	*	365 / 4
=	25.02

Aakash Exploration Services Days Payable Related Terms

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Aakash Exploration Services (NSE:AAKASH) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Energy » Oil & Gas » Aakash Exploration Services Ltd (NSE:AAKASH) » Definitions » Days Payable

Comparable Companies

Traded in Other Exchanges

N/A

Address

424-426, 4th Floor, Shukan Mall, Near Visat Petrol Pump, Sabarmati, Ahmedabad, GJ, IND, 380005

Website

https://www.aakashexploration.com

Aakash Exploration Services Ltd provides oil and gas field services in India. It offers mobile work over rigs, hot oil circulation units, air compressors, mobile steaming units, mobile pumping units, cranes, manpower services, SRP unit supply and maintenance, and other related services. The company derives revenue from the sale of services.

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