Elango Industries (BOM:513452) Days Payable : 2.56 (As of Dec. 2023)

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What is Elango Industries Days Payable?

Elango Industries's average Accounts Payable for the three months ended in Dec. 2023 was ₹0.18 Mil. Elango Industries's Cost of Goods Sold for the three months ended in Dec. 2023 was ₹6.23 Mil. Hence, Elango Industries's Days Payable for the three months ended in Dec. 2023 was 2.56.

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

BOM:513452' s Days Payable Range Over the Past 10 Years
Min: 1.37 Med: 880.05 Max: 13596.25
Current: 1.37

During the past 13 years, Elango Industries's highest Days Payable was 13596.25. The lowest was 1.37. And the median was 880.05.

BOM:513452's Days Payable is ranked worse than
99.48% of 388 companies
in the Utilities - Independent Power Producers industry
Industry Median: 76.125 vs BOM:513452: 1.37

Elango Industries's Days Payable increased from Dec. 2022 (0.00) to Dec. 2023 (2.56). It may suggest that Elango Industries delayed paying its suppliers.

Elango Industries Days Payable Historical Data

The historical data trend for Elango 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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Elango Industries Days Payable Chart

Elango Industries Annual Data

Trend

Mar14

Mar15

Mar16

Mar17

Mar18

Mar19

Mar20

Mar21

Mar22

Mar23

Days Payable

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436.84

13,596.25

5,383.75

1,259.25

Elango 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															-	241.81	0.26	-	2.56

Competitive Comparison of Elango Industries's Days Payable

For the Utilities - Independent Power Producers subindustry, Elango 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.

Elango Industries's Days Payable Distribution in the Utilities - Independent Power Producers Industry

For the Utilities - Independent Power Producers industry and Utilities sector, Elango Industries's Days Payable distribution charts can be found below:

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

Elango 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.

Elango 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
=	( (0.085	+	0.053)	/	2 )	/	0.02	*	365
=	0.069					/	0.02	*	365
=	1,259.25

Elango 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
=	( (0.175	+	0)	/	1 )	/	6.233	*	365 / 4
=	0.175					/	6.233	*	365 / 4
=	2.56

Elango Industries Days Payable Related Terms

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Elango Industries (BOM:513452) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Utilities » Utilities - Independent Power Producers » Elango Industries Ltd (BOM:513452) » Definitions » Days Payable

Traded in Other Exchanges

N/A

Address

15th Main Road Extension, Anna Nagar, No. 5, Ranganathan Garden, Chennai, TN, IND, 600040

Website

https://www.elangoindustries.com

Elango Industries Ltd is an Indian company. It has been carrying on Operation and Maintenance - (O&M) activities and other service activities.

Elango Industries (BOM:513452) Headlines

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