Hindcon Chemicals (NSE:HINDCON) Days Payable : 39.80 (As of Sep. 2023)

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What is Hindcon Chemicals Days Payable?

Hindcon Chemicals's average Accounts Payable for the three months ended in Sep. 2023 was ₹68.7 Mil. Hindcon Chemicals's Cost of Goods Sold for the three months ended in Sep. 2023 was ₹157.5 Mil. Hence, Hindcon Chemicals's Days Payable for the three months ended in Sep. 2023 was 39.80.

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

NSE:HINDCON' s Days Payable Range Over the Past 10 Years
Min: 30.54 Med: 44.32 Max: 54.71
Current: 41.92

During the past 11 years, Hindcon Chemicals's highest Days Payable was 54.71. The lowest was 30.54. And the median was 44.32.

NSE:HINDCON's Days Payable is ranked worse than
69.06% of 1506 companies
in the Chemicals industry
Industry Median: 61.065 vs NSE:HINDCON: 41.92

Hindcon Chemicals's Days Payable declined from Jun. 2022 (41.29) to Sep. 2023 (39.80). It may suggest that Hindcon Chemicals accelerated paying its suppliers.

Hindcon Chemicals Days Payable Historical Data

The historical data trend for Hindcon Chemicals'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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Hindcon Chemicals Days Payable Chart

Hindcon Chemicals Annual Data

Trend

Mar14

Mar15

Mar16

Mar17

Mar18

Mar19

Mar20

Mar21

Mar22

Mar23

Days Payable

Get a 7-Day Free Trial

38.49

46.26

52.10

42.37

39.61

Hindcon Chemicals Quarterly Data
	Mar16	Mar17	Sep17	Mar18	Mar19	Sep19	Mar20	Jun20	Sep20	Dec20	Mar21	Jun21	Sep21	Dec21	Mar22	Jun22	Sep22	Dec22	Mar23	Sep23
Days Payable	Get a 7-Day Free Trial															41.29	26.51	18.83	44.39	39.80

Competitive Comparison of Hindcon Chemicals's Days Payable

For the Specialty Chemicals subindustry, Hindcon Chemicals'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.

Hindcon Chemicals's Days Payable Distribution in the Chemicals Industry

For the Chemicals industry and Basic Materials sector, Hindcon Chemicals's Days Payable distribution charts can be found below:

* The bar in red indicates where Hindcon Chemicals's Days Payable falls into.

Hindcon Chemicals 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.

Hindcon Chemicals'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
=	( (78.955	+	74.176)	/	2 )	/	705.561	*	365
=	76.5655					/	705.561	*	365
=	39.61

Hindcon Chemicals's Days Payable for the quarter that ended in Sep. 2023 is calculated as:

	Days Payable (Q: Sep. 2023 )
=	Average Accounts Payable					/	Cost of Goods Sold	*	Days in Period
=	( (Accounts Payable (Q: Mar. 2023 )	+	Accounts Payable (Q: Sep. 2023 ))	/	count )	/	Cost of Goods Sold (Q: Sep. 2023 )	*	Days in Period
=	( (74.176	+	63.204)	/	2 )	/	157.47	*	365 / 4
=	68.69					/	157.47	*	365 / 4
=	39.80

Hindcon Chemicals Days Payable Related Terms

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

Hindcon Chemicals (NSE:HINDCON) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Basic Materials » Chemicals » Hindcon Chemicals Ltd (NSE:HINDCON) » Definitions » Days Payable

Comparable Companies

Traded in Other Exchanges

N/A

Address

Vashudha, 62/B, Braunfeld Row, 1st Floor, Kolkata, WB, IND, 700027

Website

https://www.hindcon.com

Hindcon Chemicals Ltd is a manufacturer of chemicals for the construction industry. It is engaged in a single segment of Manufacturing of Sodium Silicate, Construction Chemicals, and allied activities. The company's product portfolio includes Water Proofing Compounds, Concrete and Mortar Admixtures, Concreting Aids, Sodium Silicate, Protective and Waterproofing Coating / Sheeting, Grouts and Repairing Mortars, Shot Crete Aids, Floor Toppings, Sealants, Tile Adhesives, Epoxy Grout and mortar, Foundry Aid, Coating / Impregnation, Remover / Cleaning Compounds, and Expansion and Contraction Joint System among others. It earns the majority of its revenue from India.

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