Pidilite Industries (NSE:PIDILITIND) Days Payable : 76.25 (As of Dec. 2023)

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What is Pidilite Industries Days Payable?

Pidilite Industries's average Accounts Payable for the three months ended in Dec. 2023 was ₹12,325 Mil. Pidilite Industries's Cost of Goods Sold for the three months ended in Dec. 2023 was ₹14,749 Mil. Hence, Pidilite Industries's Days Payable for the three months ended in Dec. 2023 was 76.25.

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

NSE:PIDILITIND' s Days Payable Range Over the Past 10 Years
Min: 45.93 Med: 57.66 Max: 89.21
Current: 67.02

During the past 13 years, Pidilite Industries's highest Days Payable was 89.21. The lowest was 45.93. And the median was 57.66.

NSE:PIDILITIND's Days Payable is ranked better than
56.29% of 1503 companies
in the Chemicals industry
Industry Median: 60.89 vs NSE:PIDILITIND: 67.02

Pidilite Industries's Days Payable increased from Dec. 2022 (55.45) to Dec. 2023 (76.25). It may suggest that Pidilite Industries delayed paying its suppliers.

Pidilite Industries Days Payable Historical Data

The historical data trend for Pidilite Industries'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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Pidilite Industries Days Payable Chart

Pidilite Industries Annual Data

Trend

Mar14

Mar15

Mar16

Mar17

Mar18

Mar19

Mar20

Mar21

Mar22

Mar23

Days Payable

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57.78

65.26

89.21

69.53

57.54

Pidilite Industries Quarterly Data
	Mar19	Jun19	Sep19	Dec19	Mar20	Jun20	Sep20	Dec20	Mar21	Jun21	Sep21	Dec21	Mar22	Jun22	Sep22	Dec22	Mar23	Jun23	Sep23	Dec23
Days Payable	Get a 7-Day Free Trial															55.45	66.55	59.31	75.09	76.25

Competitive Comparison of Pidilite Industries's Days Payable

For the Specialty Chemicals subindustry, Pidilite Industries'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.

Pidilite Industries's Days Payable Distribution in the Chemicals Industry

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

* The bar in red indicates where Pidilite Industries's Days Payable falls into.

Pidilite Industries 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.

Pidilite Industries'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
=	( (10639.4	+	10852)	/	2 )	/	68163.2	*	365
=	10745.7					/	68163.2	*	365
=	57.54

Pidilite Industries's Days Payable for the quarter that ended in Dec. 2023 is calculated as:

	Days Payable (Q: Dec. 2023 )
=	Average Accounts Payable					/	Cost of Goods Sold	*	Days in Period
=	( (Accounts Payable (Q: Sep. 2023 )	+	Accounts Payable (Q: Dec. 2023 ))	/	count )	/	Cost of Goods Sold (Q: Dec. 2023 )	*	Days in Period
=	( (12325.4	+	0)	/	1 )	/	14749.4	*	365 / 4
=	12325.4					/	14749.4	*	365 / 4
=	76.25

Pidilite Industries Days Payable Related Terms

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Pidilite Industries (NSE:PIDILITIND) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Basic Materials » Chemicals » Pidilite Industries Ltd (NSE:PIDILITIND) » Definitions » Days Payable

Comparable Companies

Traded in Other Exchanges

500331:India

Address

Ramkrishna Mandir Road, Off Mathuradas Vasanji Road, Andheri (East), Mumbai, MH, IND, 400 059

Website

https://www.pidilite.com

Pidilite Industries Ltd manufactures and sells paints, adhesives, and sealants in two segments based on the customer: The consumer and bazaar products segment, which generates the majority of revenue, sells adhesives and sealants, construction paint chemicals, art and craft materials. The Business to Business segment sells industrial products such as industrial adhesives resins, and organic pigments and preparations. Pidilite Industries sells its products through dealers and distribution networks. The vast majority of revenue comes from India.

Pidilite Industries (NSE:PIDILITIND) Headlines

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