Arvee Laboratories (India) (NSE:ARVEE) Days Payable : 58.13 (As of Dec. 2023)

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What is Arvee Laboratories (India) Days Payable?

Arvee Laboratories (India)'s average Accounts Payable for the three months ended in Dec. 2023 was ₹25.6 Mil. Arvee Laboratories (India)'s Cost of Goods Sold for the three months ended in Dec. 2023 was ₹40.2 Mil. Hence, Arvee Laboratories (India)'s Days Payable for the three months ended in Dec. 2023 was 58.13.

The historical rank and industry rank for Arvee Laboratories (India)'s Days Payable or its related term are showing as below:

NSE:ARVEE' s Days Payable Range Over the Past 10 Years
Min: 73.69 Med: 90.39 Max: 136.69
Current: 110.29

During the past 11 years, Arvee Laboratories (India)'s highest Days Payable was 136.69. The lowest was 73.69. And the median was 90.39.

NSE:ARVEE's Days Payable is ranked better than
80.21% of 1506 companies
in the Chemicals industry
Industry Median: 61.065 vs NSE:ARVEE: 110.29

Arvee Laboratories (India)'s Days Payable increased from Dec. 2022 (57.37) to Dec. 2023 (58.13). It may suggest that Arvee Laboratories (India) delayed paying its suppliers.

Arvee Laboratories (India) Days Payable Historical Data

The historical data trend for Arvee Laboratories (India)'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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Arvee Laboratories (India) Days Payable Chart

Arvee Laboratories (India) Annual Data

Trend

Mar14

Mar15

Mar16

Mar17

Mar18

Mar19

Mar20

Mar21

Mar22

Mar23

Days Payable

Get a 7-Day Free Trial

77.24

90.39

108.81

136.69

73.69

Arvee Laboratories (India) Quarterly Data
	Sep17	Mar18	Sep18	Mar19	Sep19	Mar20	Sep20	Dec20	Mar21	Jun21	Sep21	Dec21	Mar22	Jun22	Sep22	Dec22	Mar23	Jun23	Sep23	Dec23
Days Payable	Get a 7-Day Free Trial															57.37	109.37	202.85	45.80	58.13

Competitive Comparison of Arvee Laboratories (India)'s Days Payable

For the Specialty Chemicals subindustry, Arvee Laboratories (India)'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.

Arvee Laboratories (India)'s Days Payable Distribution in the Chemicals Industry

For the Chemicals industry and Basic Materials sector, Arvee Laboratories (India)'s Days Payable distribution charts can be found below:

* The bar in red indicates where Arvee Laboratories (India)'s Days Payable falls into.

Arvee Laboratories (India) 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.

Arvee Laboratories (India)'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
=	( (98.389	+	79.152)	/	2 )	/	439.674	*	365
=	88.7705					/	439.674	*	365
=	73.69

Arvee Laboratories (India)'s Days Payable for the quarter that ended in Dec. 2023 is calculated as:

	Days Payable (Q: Dec. 2023 )
=	Average Accounts Payable					/	Cost of Goods Sold	*	Days in Period
=	( (Accounts Payable (Q: Sep. 2023 )	+	Accounts Payable (Q: Dec. 2023 ))	/	count )	/	Cost of Goods Sold (Q: Dec. 2023 )	*	Days in Period
=	( (25.624	+	0)	/	1 )	/	40.226	*	365 / 4
=	25.624					/	40.226	*	365 / 4
=	58.13

Arvee Laboratories (India) Days Payable Related Terms

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Arvee Laboratories (India) (NSE:ARVEE) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Basic Materials » Chemicals » Arvee Laboratories (India) Ltd (NSE:ARVEE) » Definitions » Days Payable

Comparable Companies

Traded in Other Exchanges

N/A

Address

403, Iskcon Bopal Road, Entice, Near Jayantilal Park BRTS, Ambli, Ahmedabad, GJ, IND, 380058

Website

http://www.arveelabs.com

Arvee Laboratories (India) Ltd is an India based specialty chemicals company. The company products include Polymer Modifiers, such as dimethyl 5-sodiosulfoisophthalate, 5-sulfoisophthalic acid mono sodium salt, and others, Contrast Media Intermediates such as Dimethyl 5-Aminoisophthalate, 3,5-Diamino Benzoic Acid, 5-Nitroisophthalic acid and others; and Drug Intermediates like 2-Acetyl Thiophene, Thiophene-2-Carboxaldehyde and others. Geographically, the company principally operates in India.

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