IFB Agro Industries (BOM:507438) Days Payable : 25.05 (As of Dec. 2023)

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What is IFB Agro Industries Days Payable?

IFB Agro Industries's average Accounts Payable for the three months ended in Dec. 2023 was ₹486 Mil. IFB Agro Industries's Cost of Goods Sold for the three months ended in Dec. 2023 was ₹1,769 Mil. Hence, IFB Agro Industries's Days Payable for the three months ended in Dec. 2023 was 25.05.

The historical rank and industry rank for IFB Agro Industries's Days Payable or its related term are showing as below:

BOM:507438' s Days Payable Range Over the Past 10 Years
Min: 5.12 Med: 16.75 Max: 30.87
Current: 27.68

During the past 13 years, IFB Agro Industries's highest Days Payable was 30.87. The lowest was 5.12. And the median was 16.75.

BOM:507438's Days Payable is ranked worse than
89.27% of 205 companies
in the Beverages - Alcoholic industry
Industry Median: 81.14 vs BOM:507438: 27.68

IFB Agro Industries's Days Payable declined from Dec. 2022 (33.75) to Dec. 2023 (25.05). It may suggest that IFB Agro Industries accelerated paying its suppliers.

IFB Agro Industries Days Payable Historical Data

The historical data trend for IFB Agro Industries'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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IFB Agro Industries Days Payable Chart

IFB Agro Industries Annual Data

Trend

Mar14

Mar15

Mar16

Mar17

Mar18

Mar19

Mar20

Mar21

Mar22

Mar23

Days Payable

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19.83

17.74

30.87

21.54

13.38

IFB Agro Industries Quarterly Data
	Mar19	Jun19	Sep19	Dec19	Mar20	Jun20	Sep20	Dec20	Mar21	Jun21	Sep21	Dec21	Mar22	Jun22	Sep22	Dec22	Mar23	Jun23	Sep23	Dec23
Days Payable	Get a 7-Day Free Trial															33.75	16.74	16.53	28.30	25.05

Competitive Comparison of IFB Agro Industries's Days Payable

For the Beverages - Wineries & Distilleries subindustry, IFB Agro Industries'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.

IFB Agro Industries's Days Payable Distribution in the Beverages - Alcoholic Industry

For the Beverages - Alcoholic industry and Consumer Defensive sector, IFB Agro Industries's Days Payable distribution charts can be found below:

* The bar in red indicates where IFB Agro Industries's Days Payable falls into.

IFB Agro Industries 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.

IFB Agro Industries'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
=	( (360	+	279)	/	2 )	/	8716.2	*	365
=	319.5					/	8716.2	*	365
=	13.38

IFB Agro Industries'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
=	( (485.5	+	0)	/	1 )	/	1768.8	*	365 / 4
=	485.5					/	1768.8	*	365 / 4
=	25.05

IFB Agro Industries Days Payable Related Terms

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IFB Agro Industries (BOM:507438) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Consumer Defensive » Beverages - Alcoholic » IFB Agro Industries Ltd (BOM:507438) » Definitions » Days Payable

Traded in Other Exchanges

IFBAGRO:India

Address

Plot Number IND-5, Sector I, East Kolkata Township, Kolkata, WB, IND, 700 107

Website

https://www.ifbagro.in

IFB Agro Industries Ltd is engaged in the business of manufacturing alcohol, bottling branded alcoholic beverages as well as processed and packed marine foods both for domestic and export markets. The company operates in two segments: Spirit, spirituous beverages and allied products, and Marine. IFB Agro derives majority of its revenue from its Spirit, spirituous beverages and allied products segment.

IFB Agro Industries (BOM:507438) Headlines

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