Torrent Power (BOM:532779) Days Payable : 44.19 (As of Dec. 2023)

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What is Torrent Power Days Payable?

Torrent Power's average Accounts Payable for the three months ended in Dec. 2023 was ₹23,166 Mil. Torrent Power's Cost of Goods Sold for the three months ended in Dec. 2023 was ₹47,835 Mil. Hence, Torrent Power's Days Payable for the three months ended in Dec. 2023 was 44.19.

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

BOM:532779' s Days Payable Range Over the Past 10 Years
Min: 24.13 Med: 39.03 Max: 61.77
Current: 33.76

During the past 13 years, Torrent Power's highest Days Payable was 61.77. The lowest was 24.13. And the median was 39.03.

BOM:532779's Days Payable is ranked worse than
77.49% of 391 companies
in the Utilities - Independent Power Producers industry
Industry Median: 78.95 vs BOM:532779: 33.76

Torrent Power's Days Payable increased from Dec. 2022 (39.28) to Dec. 2023 (44.19). It may suggest that Torrent Power delayed paying its suppliers.

Torrent Power Days Payable Historical Data

The historical data trend for Torrent Power'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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Torrent Power Days Payable Chart

Torrent Power Annual Data

Trend

Mar14

Mar15

Mar16

Mar17

Mar18

Mar19

Mar20

Mar21

Mar22

Mar23

Days Payable

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29.30

37.73

47.25

38.79

24.13

Torrent Power 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															39.28	26.46	24.67	40.51	44.19

Competitive Comparison of Torrent Power's Days Payable

For the Utilities - Independent Power Producers subindustry, Torrent Power'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.

Torrent Power's Days Payable Distribution in the Utilities - Independent Power Producers Industry

For the Utilities - Independent Power Producers industry and Utilities sector, Torrent Power's Days Payable distribution charts can be found below:

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

Torrent Power 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.

Torrent Power'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
=	( (11111.3	+	15226.7)	/	2 )	/	199169.8	*	365
=	13169					/	199169.8	*	365
=	24.13

Torrent Power'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
=	( (23165.8	+	0)	/	1 )	/	47835.3	*	365 / 4
=	23165.8					/	47835.3	*	365 / 4
=	44.19

Torrent Power Days Payable Related Terms

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Torrent Power (BOM:532779) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Utilities » Utilities - Independent Power Producers » Torrent Power Ltd (BOM:532779) » Definitions » Days Payable

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TORNTPOWER:India

Address

Samanvay, 600, Tapovan, Ambawadi, Ahmedabad, GJ, IND, 380015

Website

https://www.torrentpower.com

Torrent Power Ltd is an Indian utility company engaged in the business of power generation, transmission, and distribution. Both by itself and through its subsidiaries, Torrent Power operates a portfolio of gas, combined cycle, coal, wind, and solar power plants. The company's gas-fired facilities constitute most of its energy-producing capacity. Torrent Power generates the vast majority of its revenue from the supply of power generated by its facilities and transmitted through its power grids to areas of Western and Northern India. Its sales are fairly evenly divided among residential, commercial, low tension and high tension consumers. The low tension customer class would include smaller manufacturing units, while high tension would be composed of heavier industrial entities.

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