Arihant Institute (BOM:541401) Days Payable : 413.24 (As of Sep. 2023)

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What is Arihant Institute Days Payable?

Arihant Institute's average Accounts Payable for the six months ended in Sep. 2023 was ₹1.11 Mil. Arihant Institute's Cost of Goods Sold for the six months ended in Sep. 2023 was ₹0.49 Mil. Hence, Arihant Institute's Days Payable for the six months ended in Sep. 2023 was 413.24.

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

BOM:541401' s Days Payable Range Over the Past 10 Years
Min: 71.39 Med: 252.48 Max: 16823.8
Current: 687.55

During the past 11 years, Arihant Institute's highest Days Payable was 16823.80. The lowest was 71.39. And the median was 252.48.

BOM:541401's Days Payable is not ranked
in the Education industry.
Industry Median: 38.41 vs BOM:541401: 687.55

Arihant Institute's Days Payable declined from Sep. 2022 (3,036.14) to Sep. 2023 (413.24). It may suggest that Arihant Institute accelerated paying its suppliers.

Arihant Institute Days Payable Historical Data

The historical data trend for Arihant Institute'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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Arihant Institute Days Payable Chart

Arihant Institute Annual Data

Trend

Mar14

Mar15

Mar16

Mar17

Mar18

Mar19

Mar20

Mar21

Mar22

Mar23

Days Payable

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129.82

201.04

2,023.76

16,823.80

2,028.26

Arihant Institute Semi-Annual Data
	Mar13	Mar14	Mar15	Mar16	Mar17	Mar18	Sep18	Mar19	Sep19	Mar20	Sep20	Mar21	Sep21	Mar22	Sep22	Mar23	Sep23
Days Payable	Get a 7-Day Free Trial												-	8,496.39	3,036.14	1,629.56	413.24

Competitive Comparison of Arihant Institute's Days Payable

For the Education & Training Services subindustry, Arihant Institute'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.

Arihant Institute's Days Payable Distribution in the Education Industry

For the Education industry and Consumer Defensive sector, Arihant Institute's Days Payable distribution charts can be found below:

* The bar in red indicates where Arihant Institute's Days Payable falls into.

Arihant Institute 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.

Arihant Institute'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
=	( (1.257	+	1.088)	/	2 )	/	0.211	*	365
=	1.1725					/	0.211	*	365
=	2,028.26

Arihant Institute's Days Payable for the quarter that ended in Sep. 2023 is calculated as:

	Days Payable (Q: Sep. 2023 )
=	Average Accounts Payable					/	Cost of Goods Sold	*	Days in Period
=	( (Accounts Payable (Q: Mar. 2023 )	+	Accounts Payable (Q: Sep. 2023 ))	/	count )	/	Cost of Goods Sold (Q: Sep. 2023 )	*	Days in Period
=	( (1.088	+	1.122)	/	2 )	/	0.488	*	365 / 2
=	1.105					/	0.488	*	365 / 2
=	413.24

Arihant Institute Days Payable Related Terms

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Arihant Institute (BOM:541401) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Consumer Defensive » Education » Arihant Institute Ltd (BOM:541401) » Definitions » Days Payable

Comparable Companies

PBYA BOM:530093 BOM:542592 BOM:543443 TSXV:CHN

Traded in Other Exchanges

N/A

Address

201,202, Ratna High Street, Near Naranpura Crossroad, 2nd Floor, Naranpura, Ahmedabad, GJ, IND, 380 013

Website

http://www.arihantinstitute.com

Arihant Institute Ltd is engaged in providing coaching and educational guidance for students appearing for professional courses such as Company Secretary, Chartered Accountant, and CMA, among others. It provides coaching and guidance from entry-level test exams till the final exam and covers all the subjects in depth with the test series. The company operates the educational program and coaching under the brand name Arihant Institute. It generates its revenue in the form of income from Education, E-learning, E-library, Online study materials, and others.

Arihant Institute (BOM:541401) Headlines

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