Mahickra Chemicals (NSE:MAHICKRA) Days Payable : 114.70 (As of Sep. 2023)

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What is Mahickra Chemicals Days Payable?

Mahickra Chemicals's average Accounts Payable for the six months ended in Sep. 2023 was ₹191.8 Mil. Mahickra Chemicals's Cost of Goods Sold for the six months ended in Sep. 2023 was ₹305.1 Mil. Hence, Mahickra Chemicals's Days Payable for the six months ended in Sep. 2023 was 114.70.

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

NSE:MAHICKRA' s Days Payable Range Over the Past 10 Years
Min: 83.98 Med: 88.73 Max: 409.8
Current: 103.52

During the past 11 years, Mahickra Chemicals's highest Days Payable was 409.80. The lowest was 83.98. And the median was 88.73.

NSE:MAHICKRA's Days Payable is ranked better than
77.42% of 1501 companies
in the Chemicals industry
Industry Median: 60.45 vs NSE:MAHICKRA: 103.52

Mahickra Chemicals's Days Payable increased from Sep. 2022 (94.94) to Sep. 2023 (114.70). It may suggest that Mahickra Chemicals delayed paying its suppliers.

Mahickra Chemicals Days Payable Historical Data

The historical data trend for Mahickra 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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Mahickra Chemicals Days Payable Chart

Mahickra Chemicals Annual Data

Trend

Mar14

Mar15

Mar16

Mar17

Mar18

Mar19

Mar20

Mar21

Mar22

Mar23

Days Payable

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102.17

86.83

88.73

85.44

88.57

Mahickra Chemicals Semi-Annual Data
	Mar13	Mar14	Mar15	Mar16	Mar17	Mar18	Sep18	Mar19	Sep19	Mar20	Sep20	Mar21	Sep21	Mar22	Sep22	Mar23	Sep23
Days Payable	Get a 7-Day Free Trial												98.84	76.82	94.94	94.08	114.70

Competitive Comparison of Mahickra Chemicals's Days Payable

For the Specialty Chemicals subindustry, Mahickra 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.

Mahickra Chemicals's Days Payable Distribution in the Chemicals Industry

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

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

Mahickra 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.

Mahickra 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
=	( (236.741	+	202.99)	/	2 )	/	906.053	*	365
=	219.8655					/	906.053	*	365
=	88.57

Mahickra 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
=	( (202.99	+	180.553)	/	2 )	/	305.119	*	365 / 2
=	191.7715					/	305.119	*	365 / 2
=	114.70

Mahickra Chemicals Days Payable Related Terms

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Mahickra Chemicals (NSE:MAHICKRA) Business Description

Industry

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

Comparable Companies

Traded in Other Exchanges

N/A

Address

Plot No. 1201-1202, Phase-3, G.I.D.C Estate, Vatva, Ahmedabad, GJ, IND, 382445

Website

https://www.mahickra.com

Mahickra Chemicals Ltd is an India based company engaged in the business of manufacturing of dyes and chemicals. It also exports dyes and chemical products. The product portfolio of the company includes Reactive dyes, Acid dyes, Direct dyes, Pigment powder and emulsion, Specialty chemicals and Synthetic food colors.

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