Akanksha Power and Infrastructure (NSE:AKANKSHA) Days Payable : 80.24 (As of Mar. 2023)

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What is Akanksha Power and Infrastructure Days Payable?

Akanksha Power and Infrastructure's average Accounts Payable for the six months ended in Mar. 2023 was ₹60.3 Mil. Akanksha Power and Infrastructure's Cost of Goods Sold for the six months ended in Mar. 2023 was ₹274.3 Mil. Hence, Akanksha Power and Infrastructure's Days Payable for the six months ended in Mar. 2023 was 40.12.

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

NSE:AKANKSHA' s Days Payable Range Over the Past 10 Years
Min: 75.1 Med: 76.03 Max: 80.24
Current: 80.24

During the past 4 years, Akanksha Power and Infrastructure's highest Days Payable was 80.24. The lowest was 75.10. And the median was 76.03.

NSE:AKANKSHA's Days Payable is ranked better than
52.2% of 2937 companies
in the Industrial Products industry
Industry Median: 76.66 vs NSE:AKANKSHA: 80.24

Akanksha Power and Infrastructure's Days Payable increased from Mar. 2021 (76.03) to Mar. 2023 (80.24). It may suggest that Akanksha Power and Infrastructure delayed paying its suppliers.

Akanksha Power and Infrastructure Days Payable Historical Data

The historical data trend for Akanksha Power and Infrastructure'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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Akanksha Power and Infrastructure Days Payable Chart

Akanksha Power and Infrastructure Annual Data

Trend

Mar20

Mar21

Mar22

Mar23

Days Payable

76.03

75.10

80.24

Akanksha Power and Infrastructure Semi-Annual Data
	Mar20	Mar21	Mar22	Mar23
Days Payable	-	76.03	75.10	80.24

Competitive Comparison of Akanksha Power and Infrastructure's Days Payable

For the Electrical Equipment & Parts subindustry, Akanksha Power and Infrastructure'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.

Akanksha Power and Infrastructure's Days Payable Distribution in the Industrial Products Industry

For the Industrial Products industry and Industrials sector, Akanksha Power and Infrastructure's Days Payable distribution charts can be found below:

* The bar in red indicates where Akanksha Power and Infrastructure's Days Payable falls into.

Akanksha Power and Infrastructure 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.

Akanksha Power and Infrastructure'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
=	( (59.389	+	61.215)	/	2 )	/	274.31	*	365
=	60.302					/	274.31	*	365
=	80.24

Akanksha Power and Infrastructure's Days Payable for the quarter that ended in Mar. 2023 is calculated as:

	Days Payable (Q: Mar. 2023 )
=	Average Accounts Payable					/	Cost of Goods Sold	*	Days in Period
=	( (Accounts Payable (Q: Mar. 2022 )	+	Accounts Payable (Q: Mar. 2023 ))	/	count )	/	Cost of Goods Sold (Q: Mar. 2023 )	*	Days in Period
=	( (59.389	+	61.215)	/	2 )	/	274.31	*	365 / 2
=	60.302					/	274.31	*	365 / 2
=	40.12

Akanksha Power and Infrastructure Days Payable Related Terms

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Akanksha Power and Infrastructure (NSE:AKANKSHA) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Industrials » Industrial Products » Akanksha Power and Infrastructure Ltd (NSE:AKANKSHA) » Definitions » Days Payable

Comparable Companies

Traded in Other Exchanges

N/A

Address

Plot No. 87/4, MIDC, Satpur, Nashik, MH, IND, 422007

Website

https://www.apil.co.in

Akanksha Power and Infrastructure Ltd is engaged in the business of manufacturing of electric equipments, including electrical panels, instrument transformers, and vacuum contactors, catering to consumers from institutions, industries and electricity transmission and distribution utilities.. It design, Manufacturing and Supply of CT-PT, Metering Units and Cubical, Automatic power correction panel (Capacitor Panel), fixed capacitor banks, Motor Control Centre (MCC), Power Control Centre (PCC), Variable Frequency Drive (VFD) Panels, Thyristor switches and Vacuum contactors, Energy Management System and Smart Energy Meters (Advanced Metering Infrastructure) , in addition to engineering and execution of electrical turnkey projects.

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