Chemtech Industrial Valves (BOM:537326) Days Payable : 65.01 (As of Dec. 2023)

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What is Chemtech Industrial Valves Days Payable?

Chemtech Industrial Valves's average Accounts Payable for the three months ended in Dec. 2023 was ₹51.5 Mil. Chemtech Industrial Valves's Cost of Goods Sold for the three months ended in Dec. 2023 was ₹72.3 Mil. Hence, Chemtech Industrial Valves's Days Payable for the three months ended in Dec. 2023 was 65.01.

The historical rank and industry rank for Chemtech Industrial Valves's Days Payable or its related term are showing as below:

BOM:537326' s Days Payable Range Over the Past 10 Years
Min: 38.51 Med: 96.74 Max: 178.93
Current: 101.47

During the past 11 years, Chemtech Industrial Valves's highest Days Payable was 178.93. The lowest was 38.51. And the median was 96.74.

BOM:537326's Days Payable is ranked better than
63.62% of 2936 companies
in the Industrial Products industry
Industry Median: 76.415 vs BOM:537326: 101.47

Chemtech Industrial Valves's Days Payable declined from Dec. 2022 (122.78) to Dec. 2023 (65.01). It may suggest that Chemtech Industrial Valves accelerated paying its suppliers.

Chemtech Industrial Valves Days Payable Historical Data

The historical data trend for Chemtech Industrial Valves'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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Chemtech Industrial Valves Days Payable Chart

Chemtech Industrial Valves Annual Data

Trend

Mar14

Mar15

Mar16

Mar17

Mar18

Mar19

Mar20

Mar21

Mar22

Mar23

Days Payable

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80.64

81.28

113.44

178.93

112.19

Chemtech Industrial Valves 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															122.78	60.27	185.76	292.51	65.01

Competitive Comparison of Chemtech Industrial Valves's Days Payable

For the Specialty Industrial Machinery subindustry, Chemtech Industrial Valves'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.

Chemtech Industrial Valves's Days Payable Distribution in the Industrial Products Industry

For the Industrial Products industry and Industrials sector, Chemtech Industrial Valves's Days Payable distribution charts can be found below:

* The bar in red indicates where Chemtech Industrial Valves's Days Payable falls into.

Chemtech Industrial Valves 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.

Chemtech Industrial Valves'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
=	( (37.708	+	39.008)	/	2 )	/	124.798	*	365
=	38.358					/	124.798	*	365
=	112.19

Chemtech Industrial Valves'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
=	( (50.512	+	52.536)	/	2 )	/	72.321	*	365 / 4
=	51.524					/	72.321	*	365 / 4
=	65.01

Chemtech Industrial Valves Days Payable Related Terms

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Chemtech Industrial Valves (BOM:537326) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Industrials » Industrial Products » Chemtech Industrial Valves Ltd (BOM:537326) » Definitions » Days Payable

Comparable Companies

Traded in Other Exchanges

N/A

Address

Road No. 16, Near Kisan Nagar-2, 503, 5th Floor Sunrise Business Park, Plot No. B-68, Wagle Industrial Estate, Thane (West), Mumbai, MH, IND, 400604

Website

http://www.chemtechvalves.com

Chemtech Industrial Valves Ltd is an India-based company engaged in the business of manufacturing industrial valves of various types and sizes. It operates two segments comprising the Manufacturing of industrial Valves and the Trading of various items for Project Sales. The products offered by the company include ball, gate, globe, check, forged, and butterfly valves among others.

Chemtech Industrial Valves (BOM:537326) Headlines

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