NTC Industries (BOM:526723) Days Payable : 64.43 (As of Dec. 2023)

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What is NTC Industries Days Payable?

NTC Industries's average Accounts Payable for the three months ended in Dec. 2023 was ₹17.0 Mil. NTC Industries's Cost of Goods Sold for the three months ended in Dec. 2023 was ₹24.0 Mil. Hence, NTC Industries's Days Payable for the three months ended in Dec. 2023 was 64.43.

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

BOM:526723' s Days Payable Range Over the Past 10 Years
Min: 21.36 Med: 106.85 Max: 233.24
Current: 60.64

During the past 13 years, NTC Industries's highest Days Payable was 233.24. The lowest was 21.36. And the median was 106.85.

BOM:526723's Days Payable is ranked better than
61.22% of 49 companies
in the Tobacco Products industry
Industry Median: 45.42 vs BOM:526723: 60.64

NTC Industries's Days Payable declined from Dec. 2022 (145.77) to Dec. 2023 (64.43). It may suggest that NTC Industries accelerated paying its suppliers.

NTC Industries Days Payable Historical Data

The historical data trend for NTC 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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NTC Industries Days Payable Chart

NTC Industries Annual Data

Trend

Mar14

Mar15

Mar16

Mar17

Mar18

Mar19

Mar20

Mar21

Mar22

Mar23

Days Payable

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63.27

99.67

195.03

125.49

21.36

NTC 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															145.77	21.53	31.42	15.97	64.43

Competitive Comparison of NTC Industries's Days Payable

For the Tobacco subindustry, NTC 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.

NTC Industries's Days Payable Distribution in the Tobacco Products Industry

For the Tobacco Products industry and Consumer Defensive sector, NTC Industries's Days Payable distribution charts can be found below:

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

NTC 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.

NTC 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
=	( (17.123	+	18.733)	/	2 )	/	306.4	*	365
=	17.928					/	306.4	*	365
=	21.36

NTC 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
=	( (16.971	+	0)	/	1 )	/	24.037	*	365 / 4
=	16.971					/	24.037	*	365 / 4
=	64.43

NTC Industries Days Payable Related Terms

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NTC Industries (BOM:526723) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Consumer Defensive » Tobacco Products » NTC Industries Ltd (BOM:526723) » Definitions » Days Payable

Comparable Companies

Traded in Other Exchanges

N/A

Address

149, B.T. Road, P.O. Kamarhati, Kolkata, WB, IND, 700058

Website

https://www.ntcind.com

NTC Industries Ltd engages in the manufacture of cigarettes and tobacco products. It offers filters, mentholated cigarettes, smoking mixtures, and pipe tobacco. Its products are marketed under the following brands: Royal king Golden king-size, DOS NTC, Elpatron, MayPole, and Jaipur. The company has a presence in southern America, African, and Middle Eastern countries. The company generates revenue from rental income, the sale of cylinder, and FMCG - Cigarettes, where the majority is being generated from the sale of Cigarettes. Geographically the company generates the majority of its revenue from India.

NTC Industries (BOM:526723) Headlines

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