Narmada Gelatines (BOM:526739) Days Payable : 30.80 (As of Dec. 2023)

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What is Narmada Gelatines Days Payable?

Narmada Gelatines's average Accounts Payable for the three months ended in Dec. 2023 was ₹97 Mil. Narmada Gelatines's Cost of Goods Sold for the three months ended in Dec. 2023 was ₹286 Mil. Hence, Narmada Gelatines's Days Payable for the three months ended in Dec. 2023 was 30.80.

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

BOM:526739' s Days Payable Range Over the Past 10 Years
Min: 20.09 Med: 44.57 Max: 60.01
Current: 43.06

During the past 13 years, Narmada Gelatines's highest Days Payable was 60.01. The lowest was 20.09. And the median was 44.57.

BOM:526739's Days Payable is ranked worse than
67.97% of 1505 companies
in the Chemicals industry
Industry Median: 61 vs BOM:526739: 43.06

Narmada Gelatines's Days Payable declined from Dec. 2022 (46.86) to Dec. 2023 (30.80). It may suggest that Narmada Gelatines accelerated paying its suppliers.

Narmada Gelatines Days Payable Historical Data

The historical data trend for Narmada Gelatines'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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Narmada Gelatines Days Payable Chart

Narmada Gelatines Annual Data

Trend

Mar14

Mar15

Mar16

Mar17

Mar18

Mar19

Mar20

Mar21

Mar22

Mar23

Days Payable

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50.77

60.01

56.88

56.01

44.43

Narmada Gelatines 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															46.86	37.72	47.89	37.60	30.80

Competitive Comparison of Narmada Gelatines's Days Payable

For the Specialty Chemicals subindustry, Narmada Gelatines'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.

Narmada Gelatines's Days Payable Distribution in the Chemicals Industry

For the Chemicals industry and Basic Materials sector, Narmada Gelatines's Days Payable distribution charts can be found below:

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

Narmada Gelatines 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.

Narmada Gelatines'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
=	( (152.546	+	124.808)	/	2 )	/	1139.211	*	365
=	138.677					/	1139.211	*	365
=	44.43

Narmada Gelatines'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
=	( (96.5	+	0)	/	1 )	/	285.9	*	365 / 4
=	96.5					/	285.9	*	365 / 4
=	30.80

Narmada Gelatines Days Payable Related Terms

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Narmada Gelatines (BOM:526739) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Basic Materials » Chemicals » Narmada Gelatines Ltd (BOM:526739) » Definitions » Days Payable

Comparable Companies

Traded in Other Exchanges

N/A

Address

15 Civil Lines, Caravs Building, 1st Floor, Room No 28, Jabalpur, MP, IND, 482001

Website

https://www.narmadagelatines.com

Narmada Gelatines Ltd is a gelatin manufacturing company. The company is engaged in the business of manufacturing and sale of gelatine and its by-product di-calcium phosphate (DCP) for industrial applications. Gelatine, ossein and the by-product DCP together form part of one product group, which is the operating segment of the company. The group operates in India, and also exports internationally, of which sales from India constitute majorly to the revenue. The company generates its key revenue from the sale of gelatin.

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