Nidhi Granites (BOM:512103) Days Payable : 14.62 (As of Dec. 2023)

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What is Nidhi Granites Days Payable?

Nidhi Granites's average Accounts Payable for the three months ended in Dec. 2023 was ₹15.2 Mil. Nidhi Granites's Cost of Goods Sold for the three months ended in Dec. 2023 was ₹94.6 Mil. Hence, Nidhi Granites's Days Payable for the three months ended in Dec. 2023 was 14.62.

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

BOM:512103' s Days Payable Range Over the Past 10 Years
Min: 23.49 Med: 42.43 Max: 7938.75
Current: 38.63

During the past 13 years, Nidhi Granites's highest Days Payable was 7938.75. The lowest was 23.49. And the median was 42.43.

BOM:512103's Days Payable is ranked worse than
65.84% of 524 companies
in the Capital Markets industry
Industry Median: 98.105 vs BOM:512103: 38.63

Nidhi Granites's Days Payable declined from Dec. 2022 (63.41) to Dec. 2023 (14.62). It may suggest that Nidhi Granites accelerated paying its suppliers.

Nidhi Granites Days Payable Historical Data

The historical data trend for Nidhi Granites'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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Nidhi Granites Days Payable Chart

Nidhi Granites Annual Data

Trend

Mar14

Mar15

Mar16

Mar17

Mar18

Mar19

Mar20

Mar21

Mar22

Mar23

Days Payable

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7,938.75

23.49

42.43

Nidhi Granites 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															63.41	63.27	44.51	17.17	14.62

Competitive Comparison of Nidhi Granites's Days Payable

For the Capital Markets subindustry, Nidhi Granites'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.

Nidhi Granites's Days Payable Distribution in the Capital Markets Industry

For the Capital Markets industry and Financial Services sector, Nidhi Granites's Days Payable distribution charts can be found below:

* The bar in red indicates where Nidhi Granites's Days Payable falls into.

Nidhi Granites 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.

Nidhi Granites'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
=	( (17.895	+	35.148)	/	2 )	/	228.15	*	365
=	26.5215					/	228.15	*	365
=	42.43

Nidhi Granites'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
=	( (15.161	+	0)	/	1 )	/	94.595	*	365 / 4
=	15.161					/	94.595	*	365 / 4
=	14.62

Nidhi Granites Days Payable Related Terms

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Nidhi Granites (BOM:512103) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Financial Services » Capital Markets » Nidhi Granites Ltd (BOM:512103) » Definitions » Days Payable

Comparable Companies

Traded in Other Exchanges

N/A

Address

503, Madhu Industrial Park, Mogra Cross Road, Next to Apollo Chambers, Andheri East, Mumbai, MH, IND, 400069

Website

https://www.nidhigranites.com

Nidhi Granites Ltd is an India-based company focused on investment activities. The company's operation is share trading and investment in shares and mutual funds.

Nidhi Granites (BOM:512103) Headlines

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