Poly Medicure (NSE:POLYMED) Days Payable : 66.49 (As of Mar. 2024)

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What is Poly Medicure Days Payable?

Poly Medicure's average Accounts Payable for the three months ended in Mar. 2024 was ₹956 Mil. Poly Medicure's Cost of Goods Sold for the three months ended in Mar. 2024 was ₹1,312 Mil. Hence, Poly Medicure's Days Payable for the three months ended in Mar. 2024 was 66.49.

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

NSE:POLYMED' s Days Payable Range Over the Past 10 Years
Min: 64.69 Med: 69.34 Max: 81.54
Current: 71.22

During the past 13 years, Poly Medicure's highest Days Payable was 81.54. The lowest was 64.69. And the median was 69.34.

NSE:POLYMED's Days Payable is ranked worse than
51.65% of 790 companies
in the Medical Devices & Instruments industry
Industry Median: 72.585 vs NSE:POLYMED: 71.22

Poly Medicure's Days Payable declined from Mar. 2023 (80.34) to Mar. 2024 (66.49). It may suggest that Poly Medicure accelerated paying its suppliers.

Poly Medicure Days Payable Historical Data

The historical data trend for Poly Medicure'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.

* Premium members only.

Poly Medicure Days Payable Chart

Poly Medicure Annual Data

Trend

Mar15

Mar16

Mar17

Mar18

Mar19

Mar20

Mar21

Mar22

Mar23

Mar24

Days Payable

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77.88

70.99

64.69

81.54

71.06

Poly Medicure 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															80.34	75.11	71.22	73.13	66.49

Competitive Comparison of Poly Medicure's Days Payable

For the Medical Instruments & Supplies subindustry, Poly Medicure'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.

Poly Medicure's Days Payable Distribution in the Medical Devices & Instruments Industry

For the Medical Devices & Instruments industry and Healthcare sector, Poly Medicure's Days Payable distribution charts can be found below:

* The bar in red indicates where Poly Medicure's Days Payable falls into.

Poly Medicure 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.

Poly Medicure'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
=	( (923.148	+	955.976)	/	2 )	/	4826.076	*	365
=	939.562					/	4826.076	*	365
=	71.06

Poly Medicure'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	+	955.976)	/	1 )	/	1312.041	*	365 / 4
=	955.976					/	1312.041	*	365 / 4
=	66.49

Poly Medicure Days Payable Related Terms

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Poly Medicure (NSE:POLYMED) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Healthcare » Medical Devices & Instruments » Poly Medicure Ltd (NSE:POLYMED) » Definitions » Days Payable

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531768:India

Address

Okhla Industrial Estate, 232-B, 3rd Floor, Phase III, New Delhi, IND, 110020

Website

https://www.polymedicure.com

Poly Medicure Ltd engages in the manufacturing and sale of medical devices. It offers disposable medical devices for infusion therapy, blood management, gastroenterology, surgery and wound drainage, anesthesia, and urology. Some of its products include Ventilator Circuit Combo Kits, Bain Circuits, Safety Introducer Needles, High-Pressure Vaccum Bottle-Triplet, Catheters, and others. Geographically, it derives a majority of its revenue from exports. The company operates under one segment namely Medical Devices.

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