Ishan International (NSE:ISHAN) Days Payable : 97.36 (As of Sep. 2023)

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What is Ishan International Days Payable?

Ishan International's average Accounts Payable for the six months ended in Sep. 2023 was ₹37.8 Mil. Ishan International's Cost of Goods Sold for the six months ended in Sep. 2023 was ₹70.8 Mil. Hence, Ishan International's Days Payable for the six months ended in Sep. 2023 was 97.36.

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

NSE:ISHAN' s Days Payable Range Over the Past 10 Years
Min: 32.52 Med: 55.45 Max: 116.78
Current: 47.79

During the past 4 years, Ishan International's highest Days Payable was 116.78. The lowest was 32.52. And the median was 55.45.

NSE:ISHAN's Days Payable is ranked worse than
77.56% of 205 companies
in the Farm & Heavy Construction Machinery industry
Industry Median: 72.84 vs NSE:ISHAN: 47.79

Ishan International's Days Payable increased from Sep. 2022 (32.29) to Sep. 2023 (97.36). It may suggest that Ishan International delayed paying its suppliers.

Ishan International Days Payable Historical Data

The historical data trend for Ishan International'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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Ishan International Days Payable Chart

Ishan International Annual Data

Trend

Mar20

Mar21

Mar22

Mar23

Days Payable

116.78

65.93

32.52

44.97

Ishan International Semi-Annual Data
	Mar20	Mar21	Sep21	Mar22	Sep22	Mar23	Sep23
Days Payable	Get a 7-Day Free Trial			24.59	39.92	32.29	37.75	97.36

Competitive Comparison of Ishan International's Days Payable

For the Farm & Heavy Construction Machinery subindustry, Ishan International'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.

Ishan International's Days Payable Distribution in the Farm & Heavy Construction Machinery Industry

For the Farm & Heavy Construction Machinery industry and Industrials sector, Ishan International's Days Payable distribution charts can be found below:

* The bar in red indicates where Ishan International's Days Payable falls into.

Ishan International 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.

Ishan International'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
=	( (17.379	+	51.325)	/	2 )	/	278.849	*	365
=	34.352					/	278.849	*	365
=	44.97

Ishan International'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
=	( (51.325	+	24.187)	/	2 )	/	70.77	*	365 / 2
=	37.756					/	70.77	*	365 / 2
=	97.36

Ishan International Days Payable Related Terms

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Ishan International (NSE:ISHAN) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Industrials » Farm & Heavy Construction Machinery » Ishan International Ltd (NSE:ISHAN) » Definitions » Days Payable

Comparable Companies

Traded in Other Exchanges

N/A

Address

1616, WTT Building, 16th Floor, Sector 16, Noida, UP, IND, 201301

Website

https://www.ishanglobal.com

Ishan International Ltd is a heavy engineering company. It is engaged in contracting and building projects that focus on supplying machines, erection/installation, commissioning and operational training for sugar plants, jaggery plants, pharmaceutical plants, hydropower plants and pollution control systems. The company also provides high-end engineering services and solutions for all types of activities in Hydro Power, Sugar and Jaggery, Pharmaceuticals, and Pollution Control Systems.

Ishan International (NSE:ISHAN) Headlines

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