Balkrishna Industries (NSE:BALKRISIND) Days Payable : 66.16 (As of Mar. 2024)

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What is Balkrishna Industries Days Payable?

Balkrishna Industries's average Accounts Payable for the three months ended in Mar. 2024 was ₹9,102 Mil. Balkrishna Industries's Cost of Goods Sold for the three months ended in Mar. 2024 was ₹12,555 Mil. Hence, Balkrishna Industries's Days Payable for the three months ended in Mar. 2024 was 66.16.

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

NSE:BALKRISIND' s Days Payable Range Over the Past 10 Years
Min: 49.06 Med: 61.12 Max: 80.45
Current: 51.54

During the past 13 years, Balkrishna Industries's highest Days Payable was 80.45. The lowest was 49.06. And the median was 61.12.

NSE:BALKRISIND's Days Payable is ranked worse than
63.22% of 1259 companies
in the Vehicles & Parts industry
Industry Median: 65.85 vs NSE:BALKRISIND: 51.54

Balkrishna Industries's Days Payable increased from Mar. 2023 (38.23) to Mar. 2024 (66.16). It may suggest that Balkrishna Industries delayed paying its suppliers.

Balkrishna Industries Days Payable Historical Data

The historical data trend for Balkrishna Industries'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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Balkrishna Industries Days Payable Chart

Balkrishna Industries Annual Data

Trend

Mar15

Mar16

Mar17

Mar18

Mar19

Mar20

Mar21

Mar22

Mar23

Mar24

Days Payable

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57.77

71.39

63.38

49.06

56.98

Balkrishna Industries Quarterly Data
	Jun19	Sep19	Dec19	Mar20	Jun20	Sep20	Dec20	Mar21	Jun21	Sep21	Dec21	Mar22	Jun22	Sep22	Dec22	Mar23	Jun23	Sep23	Dec23	Mar24
Days Payable	Get a 7-Day Free Trial															38.23	43.18	41.75	41.39	66.16

Competitive Comparison of Balkrishna Industries's Days Payable

For the Auto Parts subindustry, Balkrishna Industries'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.

Balkrishna Industries's Days Payable Distribution in the Vehicles & Parts Industry

For the Vehicles & Parts industry and Consumer Cyclical sector, Balkrishna Industries's Days Payable distribution charts can be found below:

* The bar in red indicates where Balkrishna Industries's Days Payable falls into.

Balkrishna Industries 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.

Balkrishna Industries'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
=	( (4921.4	+	9102.3)	/	2 )	/	44914.2	*	365
=	7011.85					/	44914.2	*	365
=	56.98

Balkrishna Industries'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	+	9102.3)	/	1 )	/	12554.7	*	365 / 4
=	9102.3					/	12554.7	*	365 / 4
=	66.16

Balkrishna Industries Days Payable Related Terms

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

Balkrishna Industries (NSE:BALKRISIND) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Consumer Cyclical » Vehicles & Parts » Balkrishna Industries Ltd (NSE:BALKRISIND) » Definitions » Days Payable

Traded in Other Exchanges

502355:India

Address

Senapati Bapat Marg, BKT House, C/15, Trade World, Kamala Mills Compound, Lower Parel (West), Mumbai, MH, IND, 400 013

Website

https://www.bkt-tires.com

Balkrishna Industries Ltd is a manufacturer of Off-Highway tires. The company serves original equipment manufacturers and customers in the replacement market. Tire products are utilized in agricultural and forestry, industrial markets, earthmoving, construction, port, mining, ATV, and gardening applications. Based out of India, the majority of Balkrishna's revenue is derived from international markets. Marketing and sales of tire products are conducted through wholly owned subsidiaries located in both Europe and North America.

Balkrishna Industries (NSE:BALKRISIND) Headlines

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