Rungta Irrigation (BOM:530449) Days Payable : 13.43 (As of Dec. 2023)

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What is Rungta Irrigation Days Payable?

Rungta Irrigation's average Accounts Payable for the three months ended in Dec. 2023 was ₹38 Mil. Rungta Irrigation's Cost of Goods Sold for the three months ended in Dec. 2023 was ₹261 Mil. Hence, Rungta Irrigation's Days Payable for the three months ended in Dec. 2023 was 13.43.

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

BOM:530449' s Days Payable Range Over the Past 10 Years
Min: 6.74 Med: 22.66 Max: 38.51
Current: 13.39

During the past 13 years, Rungta Irrigation's highest Days Payable was 38.51. The lowest was 6.74. And the median was 22.66.

BOM:530449's Days Payable is ranked worse than
99.02% of 205 companies
in the Farm & Heavy Construction Machinery industry
Industry Median: 72.84 vs BOM:530449: 13.39

Rungta Irrigation's Days Payable increased from Dec. 2022 (10.05) to Dec. 2023 (13.43). It may suggest that Rungta Irrigation delayed paying its suppliers.

Rungta Irrigation Days Payable Historical Data

The historical data trend for Rungta Irrigation'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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Rungta Irrigation Days Payable Chart

Rungta Irrigation Annual Data

Trend

Mar14

Mar15

Mar16

Mar17

Mar18

Mar19

Mar20

Mar21

Mar22

Mar23

Days Payable

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30.53

38.51

22.01

6.74

8.07

Rungta Irrigation 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															10.05	8.73	18.79	16.53	13.43

Competitive Comparison of Rungta Irrigation's Days Payable

For the Farm & Heavy Construction Machinery subindustry, Rungta Irrigation'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.

Rungta Irrigation's Days Payable Distribution in the Farm & Heavy Construction Machinery Industry

For the Farm & Heavy Construction Machinery industry and Industrials sector, Rungta Irrigation's Days Payable distribution charts can be found below:

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

Rungta Irrigation 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.

Rungta Irrigation'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
=	( (10.556	+	32.465)	/	2 )	/	973.216	*	365
=	21.5105					/	973.216	*	365
=	8.07

Rungta Irrigation'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
=	( (38.486	+	0)	/	1 )	/	261.479	*	365 / 4
=	38.486					/	261.479	*	365 / 4
=	13.43

Rungta Irrigation Days Payable Related Terms

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Rungta Irrigation (BOM:530449) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Industrials » Farm & Heavy Construction Machinery » Rungta Irrigation Ltd (BOM:530449) » Definitions » Days Payable

Comparable Companies

Traded in Other Exchanges

N/A

Address

Rajendra Place, 101, Pragati Tower 26, New Delhi, IND, 110008

Website

https://www.rungtairrigation.in

Rungta Irrigation Ltd is primarily engaged in the activity of manufacturing, designing, assembling, and marketing of Sprinkler Irrigation systems. The company has two production units at Ghaziabad and Yanam. Its product portfolio includes the HDPE sprinkler irrigation system, Rungta drip irrigation system, HDPE piping systems, Elastomeric u PVC pipes, Blue casing pipes for bore wells, Electrical conduits pipes, Rigid PVC pipes, and Mini sprinkler irrigation systems.

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