Hikal (BOM:524735) Days Payable : 108.62 (As of Mar. 2024)

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What is Hikal Days Payable?

Hikal's average Accounts Payable for the three months ended in Mar. 2024 was ₹2,789 Mil. Hikal's Cost of Goods Sold for the three months ended in Mar. 2024 was ₹2,343 Mil. Hence, Hikal's Days Payable for the three months ended in Mar. 2024 was 108.62.

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

BOM:524735' s Days Payable Range Over the Past 10 Years
Min: 67.23 Med: 85.43 Max: 131.04
Current: 131

During the past 13 years, Hikal's highest Days Payable was 131.04. The lowest was 67.23. And the median was 85.43.

BOM:524735's Days Payable is ranked better than
69.65% of 972 companies
in the Drug Manufacturers industry
Industry Median: 89.36 vs BOM:524735: 131.00

Hikal's Days Payable increased from Mar. 2023 (102.19) to Mar. 2024 (108.62). It may suggest that Hikal delayed paying its suppliers.

Hikal Days Payable Historical Data

The historical data trend for Hikal'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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Hikal Days Payable Chart

Hikal Annual Data

Trend

Mar15

Mar16

Mar17

Mar18

Mar19

Mar20

Mar21

Mar22

Mar23

Mar24

Days Payable

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82.23

83.94

84.55

92.70

131.04

Hikal Quarterly Data
	Jun19	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															102.19	167.69	126.66	130.52	108.62

Competitive Comparison of Hikal's Days Payable

For the Drug Manufacturers - Specialty & Generic subindustry, Hikal'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.

Hikal's Days Payable Distribution in the Drug Manufacturers Industry

For the Drug Manufacturers industry and Healthcare sector, Hikal's Days Payable distribution charts can be found below:

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

Hikal 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.

Hikal'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
=	( (3132.67	+	2788.5)	/	2 )	/	8246.6	*	365
=	2960.585					/	8246.6	*	365
=	131.04

Hikal'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	+	2788.5)	/	1 )	/	2342.5	*	365 / 4
=	2788.5					/	2342.5	*	365 / 4
=	108.62

Hikal Days Payable Related Terms

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Hikal (BOM:524735) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Healthcare » Drug Manufacturers » Hikal Ltd (BOM:524735) » Definitions » Days Payable

Traded in Other Exchanges

HIKAL:India

Address

Great Eastern Chambers, 6th Floor, Sector 11, CBD Belapur, Navi Mumbai, MH, IND, 400 614

Website

https://www.hikal.com

Hikal Ltd manufactures chemical intermediates, specialty chemicals, active pharma ingredients, and contract research activities. Its products are distributed to pharmaceuticals, biotech, agrochemicals, and specialty chemical industries. Its segments include crop protection and pharmaceuticals. The majority of the revenue is derived from the pharmaceutical segment.

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