JK Cement (NSE:JKCEMENT) Days Payable : 161.23 (As of Mar. 2024)

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What is JK Cement Days Payable?

JK Cement's average Accounts Payable for the three months ended in Mar. 2024 was ₹9,311 Mil. JK Cement's Cost of Goods Sold for the three months ended in Mar. 2024 was ₹5,270 Mil. Hence, JK Cement's Days Payable for the three months ended in Mar. 2024 was 161.23.

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

NSE:JKCEMENT' s Days Payable Range Over the Past 10 Years
Min: 115.51 Med: 137.4 Max: 181.86
Current: 122.9

During the past 13 years, JK Cement's highest Days Payable was 181.86. The lowest was 115.51. And the median was 137.40.

NSE:JKCEMENT's Days Payable is ranked better than
76.55% of 371 companies
in the Building Materials industry
Industry Median: 66.44 vs NSE:JKCEMENT: 122.90

JK Cement's Days Payable declined from Mar. 2023 (164.67) to Mar. 2024 (161.23). It may suggest that JK Cement accelerated paying its suppliers.

JK Cement Days Payable Historical Data

The historical data trend for JK Cement'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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JK Cement Days Payable Chart

JK Cement Annual Data

Trend

Mar15

Mar16

Mar17

Mar18

Mar19

Mar20

Mar21

Mar22

Mar23

Mar24

Days Payable

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137.92

136.88

132.66

176.13

174.40

JK Cement 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															164.67	161.53	173.99	207.19	161.23

Competitive Comparison of JK Cement's Days Payable

For the Building Materials subindustry, JK Cement'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.

JK Cement's Days Payable Distribution in the Building Materials Industry

For the Building Materials industry and Basic Materials sector, JK Cement's Days Payable distribution charts can be found below:

* The bar in red indicates where JK Cement's Days Payable falls into.

JK Cement 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.

JK Cement'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
=	( (8221.398	+	9310.7)	/	2 )	/	18346.7	*	365
=	8766.049					/	18346.7	*	365
=	174.40

JK Cement'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	+	9310.7)	/	1 )	/	5269.532	*	365 / 4
=	9310.7					/	5269.532	*	365 / 4
=	161.23

JK Cement Days Payable Related Terms

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JK Cement (NSE:JKCEMENT) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Basic Materials » Building Materials » JK Cement Ltd (NSE:JKCEMENT) » Definitions » Days Payable

Traded in Other Exchanges

532644:India

Address

Gurgaon-Faridabad Road, 5th Floor, Prism Tower, Gwal Pahari, Gurgaon, HR, IND, 122102

Website

https://www.jkcement.com

JK Cement Ltd is a building materials holding company. The company manufactures cement and cement-related products that primarily consist of grey and white cement. JK Cement's grey cement includes both Portland Pozzolana Cement (PPC) and Ordinary Portland Cement (OPC). The white cement offerings include JK White Cement, as well as cement-based JK Wall Putty, JK Waterproof, and JK Primaxx. JK Cement's wall putty is used as a plaster for walls and ceilings, while JK Waterproof is a water-repellent powder. It has one Reportable Segment for the Company which is "Cement," The company generates the vast majority of its revenue in India.

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