EKI Energy Services (BOM:543284) Days Payable : 35.92 (As of Mar. 2024)

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What is EKI Energy Services Days Payable?

EKI Energy Services's average Accounts Payable for the three months ended in Mar. 2024 was ₹343 Mil. EKI Energy Services's Cost of Goods Sold for the three months ended in Mar. 2024 was ₹870 Mil. Hence, EKI Energy Services's Days Payable for the three months ended in Mar. 2024 was 35.92.

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

BOM:543284' s Days Payable Range Over the Past 10 Years
Min: 12.91 Med: 23.87 Max: 68.77
Current: 68.77

During the past 7 years, EKI Energy Services's highest Days Payable was 68.77. The lowest was 12.91. And the median was 23.87.

BOM:543284's Days Payable is ranked better than
63.02% of 922 companies
in the Business Services industry
Industry Median: 47.92 vs BOM:543284: 68.77

EKI Energy Services's Days Payable declined from Mar. 2023 (42.80) to Mar. 2024 (35.92). It may suggest that EKI Energy Services accelerated paying its suppliers.

EKI Energy Services Days Payable Historical Data

The historical data trend for EKI Energy Services'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.

* Premium members only.

EKI Energy Services Days Payable Chart

EKI Energy Services Annual Data

Trend

Mar18

Mar19

Mar20

Mar21

Mar22

Mar23

Mar24

Days Payable

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27.72

23.87

19.11

34.34

59.58

EKI Energy Services Quarterly Data
	Mar18	Mar19	Mar20	Sep20	Mar21	Jun21	Sep21	Dec21	Mar22	Jun22	Sep22	Dec22	Mar23	Jun23	Sep23	Dec23	Mar24
Days Payable	Get a 7-Day Free Trial												42.80	88.29	65.31	137.78	35.92

Competitive Comparison of EKI Energy Services's Days Payable

For the Consulting Services subindustry, EKI Energy Services'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.

EKI Energy Services's Days Payable Distribution in the Business Services Industry

For the Business Services industry and Industrials sector, EKI Energy Services's Days Payable distribution charts can be found below:

* The bar in red indicates where EKI Energy Services's Days Payable falls into.

EKI Energy Services 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.

EKI Energy Services's Days Payable for the fiscal year that ended in Mar. 2024 is calculated as

	Days Payable (A: Mar. 2024 )
=	Average Accounts Payable					/	Cost of Goods Sold	*	Days in Period
=	( (Accounts Payable (A: Mar. 2023 )	+	Accounts Payable (A: Mar. 2024 ))	/	count )	/	Cost of Goods Sold (A: Mar. 2024 )	*	Days in Period
=	( (643.631	+	342.593)	/	2 )	/	3020.795	*	365
=	493.112					/	3020.795	*	365
=	59.58

EKI Energy Services's Days Payable for the quarter that ended in Mar. 2024 is calculated as:

	Days Payable (Q: Mar. 2024 )
=	Average Accounts Payable					/	Cost of Goods Sold	*	Days in Period
=	( (Accounts Payable (Q: Dec. 2023 )	+	Accounts Payable (Q: Mar. 2024 ))	/	count )	/	Cost of Goods Sold (Q: Mar. 2024 )	*	Days in Period
=	( (0	+	342.593)	/	1 )	/	870.36	*	365 / 4
=	342.593					/	870.36	*	365 / 4
=	35.92

EKI Energy Services Days Payable Related Terms

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EKI Energy Services (BOM:543284) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Industrials » Business Services » EKI Energy Services Ltd (BOM:543284) » Definitions » Days Payable

Comparable Companies

Traded in Other Exchanges

N/A

Address

903, B-1 9th Floor, NRK Business Park, Scheme 54 PU4, Indore, MP, IND, 452010

Website

https://www.enkingint.org

EKI Energy Services Ltd is engaged in the business of carbon credits trading, Business excellence advisory services and training services, and Electrical Safety Audits. The company offer services to various clients in the government and private sectors like power generation, waste management, clean development mechanism, airports and many more industries. The company has two reportable segments which are Trading & Other Segment: where the carbon credits are purchased from various vendors and are sold to customers as well as manufacturing and allied activities are undertaken and Generation Segment: where the carbon credits are issued from the projects implemented, developed and owned by the company.

EKI Energy Services (BOM:543284) Headlines

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