Hemang Resources (BOM:531178) Days Payable : 1,989.07 (As of Dec. 2023)

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What is Hemang Resources Days Payable?

Hemang Resources's average Accounts Payable for the three months ended in Dec. 2023 was ₹260.3 Mil. Hemang Resources's Cost of Goods Sold for the three months ended in Dec. 2023 was ₹11.9 Mil. Hence, Hemang Resources's Days Payable for the three months ended in Dec. 2023 was 1,989.07.

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

BOM:531178' s Days Payable Range Over the Past 10 Years
Min: 27.44 Med: 185.93 Max: 10369.87
Current: 124.57

During the past 13 years, Hemang Resources's highest Days Payable was 10369.87. The lowest was 27.44. And the median was 185.93.

BOM:531178's Days Payable is ranked better than
73.81% of 126 companies
in the Other Energy Sources industry
Industry Median: 64.77 vs BOM:531178: 124.57

Hemang Resources's Days Payable increased from Dec. 2022 (293.58) to Dec. 2023 (1,989.07). It may suggest that Hemang Resources delayed paying its suppliers.

Hemang Resources Days Payable Historical Data

The historical data trend for Hemang Resources'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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Hemang Resources Days Payable Chart

Hemang Resources Annual Data

Trend

Mar14

Mar15

Mar16

Mar17

Mar18

Mar19

Mar20

Mar21

Mar22

Mar23

Days Payable

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499.34

10,369.87

5,204.21

242.91

55.93

Hemang Resources 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															293.58	74.63	66.65	320.30	1,989.07

Competitive Comparison of Hemang Resources's Days Payable

For the Thermal Coal subindustry, Hemang Resources'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.

Hemang Resources's Days Payable Distribution in the Other Energy Sources Industry

For the Other Energy Sources industry and Energy sector, Hemang Resources's Days Payable distribution charts can be found below:

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

Hemang Resources 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.

Hemang Resources'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
=	( (334.701	+	260.131)	/	2 )	/	1940.8	*	365
=	297.416					/	1940.8	*	365
=	55.93

Hemang Resources'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
=	( (260.248	+	260.375)	/	2 )	/	11.942	*	365 / 4
=	260.3115					/	11.942	*	365 / 4
=	1,989.07

Hemang Resources Days Payable Related Terms

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Hemang Resources (BOM:531178) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Energy » Other Energy Sources » Hemang Resources Ltd (BOM:531178) » Definitions » Days Payable

Traded in Other Exchanges

N/A

Address

Navratan Bagh, Main Road, BCC House, 8/5, Manorama Ganj, Indore, MP, IND, 452 001

Website

https://www.bhatiacoalindia.com

Hemang Resources Ltd is a company which is mainly engaged in trading coal, stevedoring, logistic services and trading in the land. The company's operating segments are Coal trading division and Infrastructure division. Its Coal trading division includes trading of imported and indigenous coal and selling to various industries in India. The Infrastructure division deals in the real estate sector. It generates maximum revenue from the Coal trading division segment.

Hemang Resources (BOM:531178) Headlines

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