Adani Green Energy (BOM:541450) Days Payable : 75.26 (As of Dec. 2023)

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What is Adani Green Energy Days Payable?

Adani Green Energy's average Accounts Payable for the three months ended in Dec. 2023 was ₹3,390 Mil. Adani Green Energy's Cost of Goods Sold for the three months ended in Dec. 2023 was ₹4,110 Mil. Hence, Adani Green Energy's Days Payable for the three months ended in Dec. 2023 was 75.26.

The historical rank and industry rank for Adani Green Energy's Days Payable or its related term are showing as below:

BOM:541450' s Days Payable Range Over the Past 10 Years
Min: 59.29 Med: 150.04 Max: 4240.39
Current: 92.93

During the past 8 years, Adani Green Energy's highest Days Payable was 4240.39. The lowest was 59.29. And the median was 150.04.

BOM:541450's Days Payable is ranked better than
56.44% of 388 companies
in the Utilities - Independent Power Producers industry
Industry Median: 79.005 vs BOM:541450: 92.93

Adani Green Energy's Days Payable increased from Sep. 2022 (32.92) to Dec. 2023 (75.26). It may suggest that Adani Green Energy delayed paying its suppliers.

Adani Green Energy Days Payable Historical Data

The historical data trend for Adani Green Energy'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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Adani Green Energy Days Payable Chart

Adani Green Energy Annual Data

Trend

Mar16

Mar17

Mar18

Mar19

Mar20

Mar21

Mar22

Mar23

Days Payable

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471.38

174.61

125.47

59.29

72.10

Adani Green Energy Quarterly Data
	Dec18	Mar19	Jun19	Sep19	Dec19	Mar20	Jun20	Sep20	Dec20	Mar21	Jun21	Sep21	Dec21	Mar22	Jun22	Sep22	Dec22	Mar23	Sep23	Dec23
Days Payable	Get a 7-Day Free Trial															32.92	16.70	71.52	190.03	75.26

Competitive Comparison of Adani Green Energy's Days Payable

For the Utilities - Renewable subindustry, Adani Green Energy'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.

Adani Green Energy's Days Payable Distribution in the Utilities - Independent Power Producers Industry

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

* The bar in red indicates where Adani Green Energy's Days Payable falls into.

Adani Green Energy 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.

Adani Green Energy'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
=	( (2350	+	5690)	/	2 )	/	20350	*	365
=	4020					/	20350	*	365
=	72.10

Adani Green Energy'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
=	( (3390	+	0)	/	1 )	/	4110	*	365 / 4
=	3390					/	4110	*	365 / 4
=	75.26

Adani Green Energy Days Payable Related Terms

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Adani Green Energy (BOM:541450) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Utilities » Utilities - Independent Power Producers » Adani Green Energy Ltd (BOM:541450) » Definitions » Days Payable

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ADANIGREEN:India

Address

Near Vaishnav Devi Circle, S. G. Highway, Adani Corporate House, Shantigram, Khodiyar, Ahmedabad, GJ, IND, 382421

Website

https://www.adanigreenenergy.com

Adani Green Energy Ltd is engaged in Power Generation and Construction Contracts. It builds, owns, and operates power plants powered by renewable sources of energy like solar and wind. The company derives its income from Power Supply.

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