Arabian Petroleum (NSE:ARABIAN) Days Payable : 25.90 (As of Mar. 2023)

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What is Arabian Petroleum Days Payable?

Arabian Petroleum's average Accounts Payable for the six months ended in Mar. 2023 was ₹152 Mil. Arabian Petroleum's Cost of Goods Sold for the six months ended in Mar. 2023 was ₹2,145 Mil. Hence, Arabian Petroleum's Days Payable for the six months ended in Mar. 2023 was 12.95.

The historical rank and industry rank for Arabian Petroleum's Days Payable or its related term are showing as below:

NSE:ARABIAN' s Days Payable Range Over the Past 10 Years
Min: 25.9 Med: 41.86 Max: 52.18
Current: 25.9

During the past 5 years, Arabian Petroleum's highest Days Payable was 52.18. The lowest was 25.90. And the median was 41.86.

NSE:ARABIAN's Days Payable is ranked worse than
81.56% of 900 companies
in the Oil & Gas industry
Industry Median: 60.89 vs NSE:ARABIAN: 25.90

Arabian Petroleum's Days Payable declined from Mar. 2021 (41.86) to Mar. 2023 (25.90). It may suggest that Arabian Petroleum accelerated paying its suppliers.

Arabian Petroleum Days Payable Historical Data

The historical data trend for Arabian Petroleum'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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Arabian Petroleum Days Payable Chart

Arabian Petroleum Annual Data

Trend

Mar19

Mar20

Mar21

Mar22

Mar23

Days Payable

52.18

49.82

41.86

32.68

25.90

Arabian Petroleum Semi-Annual Data
	Mar19	Mar20	Mar21	Mar22	Mar23
Days Payable	52.18	49.82	41.86	32.68	25.90

Competitive Comparison of Arabian Petroleum's Days Payable

For the Oil & Gas Refining & Marketing subindustry, Arabian Petroleum'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.

Arabian Petroleum's Days Payable Distribution in the Oil & Gas Industry

For the Oil & Gas industry and Energy sector, Arabian Petroleum's Days Payable distribution charts can be found below:

* The bar in red indicates where Arabian Petroleum's Days Payable falls into.

Arabian Petroleum 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.

Arabian Petroleum'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
=	( (173.385	+	131.003)	/	2 )	/	2145.164	*	365
=	152.194					/	2145.164	*	365
=	25.90

Arabian Petroleum'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
=	( (173.385	+	131.003)	/	2 )	/	2145.164	*	365 / 2
=	152.194					/	2145.164	*	365 / 2
=	12.95

Arabian Petroleum Days Payable Related Terms

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Arabian Petroleum (NSE:ARABIAN) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Energy » Oil & Gas » Arabian Petroleum Ltd (NSE:ARABIAN) » Definitions » Days Payable

Comparable Companies

Traded in Other Exchanges

N/A

Address

Plot 14-B, Morivali M.I.D.C, Opp. Positive Packaging, Ambernath West, Thane, MH, IND, 421505

Website

https://www.arabianpetroleum.co.in

Arabian Petroleum Ltd is a company engaged in the business of manufacturing wide range of Lubricants including Specialty Oils, Coolants etc ,used for Industrial and Automotive applications. Our business is categorized into two distinctive product division which includes Automotive Lubricants - Arzol and Industrial Lubricants - SPL.

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