R M Drip & Sprinklers Systems (NSE:RMDRIP) Days Payable : 402.81 (As of Sep. 2023)

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What is R M Drip & Sprinklers Systems Days Payable?

R M Drip & Sprinklers Systems's average Accounts Payable for the six months ended in Sep. 2023 was ₹48.4 Mil. R M Drip & Sprinklers Systems's Cost of Goods Sold for the six months ended in Sep. 2023 was ₹21.9 Mil. Hence, R M Drip & Sprinklers Systems's Days Payable for the six months ended in Sep. 2023 was 402.81.

The historical rank and industry rank for R M Drip & Sprinklers Systems's Days Payable or its related term are showing as below:

NSE:RMDRIP' s Days Payable Range Over the Past 10 Years
Min: 46.55 Med: 69.79 Max: 278.4
Current: 278.4

During the past 11 years, R M Drip & Sprinklers Systems's highest Days Payable was 278.40. The lowest was 46.55. And the median was 69.79.

NSE:RMDRIP's Days Payable is ranked better than
94.15% of 205 companies
in the Farm & Heavy Construction Machinery industry
Industry Median: 72.84 vs NSE:RMDRIP: 278.40

R M Drip & Sprinklers Systems's Days Payable increased from Sep. 2022 (243.31) to Sep. 2023 (402.81). It may suggest that R M Drip & Sprinklers Systems delayed paying its suppliers.

R M Drip & Sprinklers Systems Days Payable Historical Data

The historical data trend for R M Drip & Sprinklers Systems'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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R M Drip & Sprinklers Systems Days Payable Chart

R M Drip & Sprinklers Systems Annual Data

Trend

Mar14

Mar15

Mar16

Mar17

Mar18

Mar19

Mar20

Mar21

Mar22

Mar23

Days Payable

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67.93

90.81

109.63

122.88

226.97

R M Drip & Sprinklers Systems Semi-Annual Data
	Mar13	Mar14	Mar15	Mar16	Mar17	Sep17	Mar18	Sep18	Mar19	Sep19	Mar20	Sep20	Mar21	Sep21	Mar22	Sep22	Mar23	Sep23
Days Payable	Get a 7-Day Free Trial													124.07	122.29	243.31	231.34	402.81

Competitive Comparison of R M Drip & Sprinklers Systems's Days Payable

For the Farm & Heavy Construction Machinery subindustry, R M Drip & Sprinklers Systems'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.

R M Drip & Sprinklers Systems's Days Payable Distribution in the Farm & Heavy Construction Machinery Industry

For the Farm & Heavy Construction Machinery industry and Industrials sector, R M Drip & Sprinklers Systems's Days Payable distribution charts can be found below:

* The bar in red indicates where R M Drip & Sprinklers Systems's Days Payable falls into.

R M Drip & Sprinklers Systems 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.

R M Drip & Sprinklers Systems'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
=	( (54.99	+	58.346)	/	2 )	/	91.13	*	365
=	56.668					/	91.13	*	365
=	226.97

R M Drip & Sprinklers Systems'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
=	( (58.346	+	38.497)	/	2 )	/	21.938	*	365 / 2
=	48.4215					/	21.938	*	365 / 2
=	402.81

R M Drip & Sprinklers Systems Days Payable Related Terms

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R M Drip & Sprinklers Systems (NSE:RMDRIP) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Industrials » Farm & Heavy Construction Machinery » R M Drip & Sprinklers Systems Ltd (NSE:RMDRIP) » Definitions » Days Payable

Comparable Companies

Traded in Other Exchanges

N/A

Address

Gat No. 475, Village Gonde, Taluka Sinnar, Nashik, MH, IND, 422113

Website

http://www.rmdrip.com

R M Drip & Sprinklers Systems Ltd designs manufacture and sell micro-irrigation equipment. The company's products are Drip Irrigation, Sprinkler Irrigation, Filters, among others. The Company also assists the farmers in designing and installation of its Sprinkler and Drip Irrigations systems according to their needs. The dealer network expands from Maharashtra, Madhya Pradesh, Gujarat, Karnataka and extended its market to Uttar Pradesh, Bihar and Jharkhand.

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