Harsha Engineers International (BOM:543600) Days Payable : 57.04 (As of Mar. 2024)

View and export this data going back to 2022. Start your Free Trial

What is Harsha Engineers International Days Payable?

Harsha Engineers International's average Accounts Payable for the three months ended in Mar. 2024 was ₹1,329 Mil. Harsha Engineers International's Cost of Goods Sold for the three months ended in Mar. 2024 was ₹2,127 Mil. Hence, Harsha Engineers International's Days Payable for the three months ended in Mar. 2024 was 57.04.

The historical rank and industry rank for Harsha Engineers International's Days Payable or its related term are showing as below:

BOM:543600' s Days Payable Range Over the Past 10 Years
Min: 58.53 Med: 73.73 Max: 81.84
Current: 58.53

During the past 5 years, Harsha Engineers International's highest Days Payable was 81.84. The lowest was 58.53. And the median was 73.73.

BOM:543600's Days Payable is ranked worse than
62.76% of 2938 companies
in the Industrial Products industry
Industry Median: 76.8 vs BOM:543600: 58.53

Harsha Engineers International's Days Payable declined from Mar. 2023 (58.96) to Mar. 2024 (57.04). It may suggest that Harsha Engineers International accelerated paying its suppliers.

Harsha Engineers International Days Payable Historical Data

The historical data trend for Harsha Engineers International'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.

Harsha Engineers International Days Payable Chart

Harsha Engineers International Annual Data

Trend

Mar20

Mar21

Mar22

Mar23

Mar24

Days Payable

73.73

81.84

62.84

74.77

59.08

Harsha Engineers International Quarterly Data
	Mar20	Mar21	Sep21	Dec21	Mar22	Jun22	Sep22	Dec22	Mar23	Jun23	Sep23	Dec23	Mar24
Days Payable	Get a 7-Day Free Trial								58.96	56.37	56.63	63.62	57.04

Competitive Comparison of Harsha Engineers International's Days Payable

For the Tools & Accessories subindustry, Harsha Engineers International'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.

Harsha Engineers International's Days Payable Distribution in the Industrial Products Industry

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

* The bar in red indicates where Harsha Engineers International's Days Payable falls into.

Harsha Engineers International 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.

Harsha Engineers International'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
=	( (1186.8	+	1329.3)	/	2 )	/	7772.4	*	365
=	1258.05					/	7772.4	*	365
=	59.08

Harsha Engineers International'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	+	1329.3)	/	1 )	/	2126.6	*	365 / 4
=	1329.3					/	2126.6	*	365 / 4
=	57.04

Harsha Engineers International Days Payable Related Terms

Thank you for viewing the detailed overview of Harsha Engineers International's Days Payable provided by GuruFocus.com. Please click on the following links to see related term pages.

Harsha Engineers International (BOM:543600) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Industrials » Industrial Products » Harsha Engineers International Ltd (BOM:543600) » Definitions » Days Payable

Comparable Companies

Traded in Other Exchanges

HARSHA:India

Address

NH – 8A,Sarkhej-Bavla Highway, Changodar, Ahmedabad, GJ, IND, 382213

Website

https://www.harshaengineers.com

Harsha Engineers International Ltd is a manufacturer of precision bearing cages. The company supplies its products to customers covering five continents such as North America, Europe, Asia, South America, and Africa. It comprises two segments: Engineering business, under which the company manufactures bearing cages (in brass, steel, and polyamide materials), complex and specialized precision stamped components, welded assemblies and brass castings and cages & bronze bushings: and Solar EPC business, under which the company provide complete comprehensive turnkey solutions to all solar photovoltaic requirements and provides operations and maintenance services in the solar sector.

Harsha Engineers International (BOM:543600) Headlines

No Headlines