Par Drugs and Chemicals (NSE:PAR) Days Payable : 67.34 (As of Mar. 2024)

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What is Par Drugs and Chemicals Days Payable?

Par Drugs and Chemicals's average Accounts Payable for the three months ended in Mar. 2024 was ₹53.6 Mil. Par Drugs and Chemicals's Cost of Goods Sold for the three months ended in Mar. 2024 was ₹72.6 Mil. Hence, Par Drugs and Chemicals's Days Payable for the three months ended in Mar. 2024 was 67.34.

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

NSE:PAR' s Days Payable Range Over the Past 10 Years
Min: 51.29 Med: 68.12 Max: 84.87
Current: 84.69

During the past 8 years, Par Drugs and Chemicals's highest Days Payable was 84.87. The lowest was 51.29. And the median was 68.12.

NSE:PAR's Days Payable is ranked worse than
52.77% of 974 companies
in the Drug Manufacturers industry
Industry Median: 89.345 vs NSE:PAR: 84.69

Par Drugs and Chemicals's Days Payable declined from Mar. 2023 (83.57) to Mar. 2024 (67.34). It may suggest that Par Drugs and Chemicals accelerated paying its suppliers.

Par Drugs and Chemicals Days Payable Historical Data

The historical data trend for Par Drugs and 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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Par Drugs and Chemicals Days Payable Chart

Par Drugs and Chemicals Annual Data

Trend

Mar17

Mar18

Mar19

Mar20

Mar21

Mar22

Mar23

Mar24

Days Payable

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51.29

62.99

63.61

84.87

72.63

Par Drugs and Chemicals Quarterly Data
	Mar18	Sep18	Mar19	Sep19	Mar20	Sep20	Dec20	Mar21	Jun21	Sep21	Dec21	Mar22	Jun22	Sep22	Dec22	Mar23	Jun23	Sep23	Dec23	Mar24
Days Payable	Get a 7-Day Free Trial															83.57	76.35	102.05	117.04	67.34

Competitive Comparison of Par Drugs and Chemicals's Days Payable

For the Drug Manufacturers - Specialty & Generic subindustry, Par Drugs and 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.

Par Drugs and Chemicals's Days Payable Distribution in the Drug Manufacturers Industry

For the Drug Manufacturers industry and Healthcare sector, Par Drugs and Chemicals's Days Payable distribution charts can be found below:

* The bar in red indicates where Par Drugs and Chemicals's Days Payable falls into.

Par Drugs and 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.

Par Drugs and Chemicals'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
=	( (80.915	+	53.562)	/	2 )	/	337.918	*	365
=	67.2385					/	337.918	*	365
=	72.63

Par Drugs and Chemicals'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	+	53.562)	/	1 )	/	72.577	*	365 / 4
=	53.562					/	72.577	*	365 / 4
=	67.34

Par Drugs and Chemicals Days Payable Related Terms

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Par Drugs and Chemicals (NSE:PAR) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Healthcare » Drug Manufacturers » Par Drugs and Chemicals Ltd (NSE:PAR) » Definitions » Days Payable

Traded in Other Exchanges

N/A

Address

Gotri Vasna Road, 816, Nilamber Triumph, Vadodara, GJ, IND, 390007

Website

https://www.pardrugs.com

Par Drugs and Chemicals Ltd is engaged in the development and manufacture of Active Pharma Ingredients (APIs) for the domestic market as well as for exports to international markets. APIs are the principal ingredient used in making finished dosages in the form of capsules, tablets, liquid, or other forms of dosage.