Azure Power Global (FRA:256) Days Payable : 940.15 (As of Mar. 2022)

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What is Azure Power Global Days Payable?

Azure Power Global's average Accounts Payable for the three months ended in Mar. 2022 was €62.5 Mil. Azure Power Global's Cost of Goods Sold for the three months ended in Mar. 2022 was €6.1 Mil. Hence, Azure Power Global's Days Payable for the three months ended in Mar. 2022 was 940.15.

The historical rank and industry rank for Azure Power Global's Days Payable or its related term are showing as below:

FRA:256's Days Payable is not ranked ^*
in the Utilities - Independent Power Producers industry.
Industry Median: 77.85
* Ranked among companies with meaningful Days Payable only.

Azure Power Global's Days Payable increased from Mar. 2021 (739.10) to Mar. 2022 (940.15). It may suggest that Azure Power Global delayed paying its suppliers.

Azure Power Global Days Payable Historical Data

The historical data trend for Azure Power Global'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.

Azure Power Global Days Payable Chart

Azure Power Global Annual Data

Trend

Mar14

Mar15

Mar16

Mar17

Mar18

Mar19

Mar20

Mar21

Mar22

Mar23

Days Payable

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1,043.14

866.76

894.86

883.30

525.45

Azure Power Global Quarterly Data
	Sep17	Dec17	Mar18	Jun18	Sep18	Dec18	Mar19	Jun19	Sep19	Dec19	Mar20	Jun20	Sep20	Dec20	Mar21	Jun21	Sep21	Dec21	Mar22	Mar23
Days Payable	Get a 7-Day Free Trial															1,126.57	1,235.06	1,470.77	940.15	-

Competitive Comparison of Azure Power Global's Days Payable

For the Utilities - Renewable subindustry, Azure Power Global'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.

Azure Power Global's Days Payable Distribution in the Utilities - Independent Power Producers Industry

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

* The bar in red indicates where Azure Power Global's Days Payable falls into.

Azure Power Global 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.

Azure Power Global'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
=	( (42.582	+	17.075)	/	2 )	/	20.72	*	365
=	29.8285					/	20.72	*	365
=	525.45

Azure Power Global's Days Payable for the quarter that ended in Mar. 2022 is calculated as:

	Days Payable (Q: Mar. 2022 )
=	Average Accounts Payable					/	Cost of Goods Sold	*	Days in Period
=	( (Accounts Payable (Q: Dec. 2021 )	+	Accounts Payable (Q: Mar. 2022 ))	/	count )	/	Cost of Goods Sold (Q: Mar. 2022 )	*	Days in Period
=	( (82.414	+	42.582)	/	2 )	/	6.066	*	365 / 4
=	62.498					/	6.066	*	365 / 4
=	940.15

Azure Power Global Days Payable Related Terms

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Azure Power Global (FRA:256) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Utilities » Utilities - Independent Power Producers » Azure Power Global Ltd (FRA:256) » Definitions » Days Payable

Comparable Companies

Traded in Other Exchanges

N/A

Address

Saket Place, 5th Floor, Southern Park, D-II, Saket, New Delhi, IND, 110017

Website

https://www.azurepower.com

Azure Power Global Ltd produces and sells solar power in India. It is engaged in the development, construction, ownership, operation, maintenance, and management of solar power plants and the generation of solar energy. The company generates revenue from a mix of Indian central and state government utilities and commercial entities. The Company has a single operating and reporting segment: Sale of power.

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