Taro Pharmaceutical Industries (Taro Pharmaceutical Industries) Days Payable : 55.65 (As of Dec. 2023)

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What is Taro Pharmaceutical Industries Days Payable?

Taro Pharmaceutical Industries's average Accounts Payable for the three months ended in Dec. 2023 was $47.1 Mil. Taro Pharmaceutical Industries's Cost of Goods Sold for the three months ended in Dec. 2023 was $77.3 Mil. Hence, Taro Pharmaceutical Industries's Days Payable for the three months ended in Dec. 2023 was 55.65.

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

TARO' s Days Payable Range Over the Past 10 Years
Min: 30.91 Med: 44.25 Max: 88.04
Current: 63.82

During the past 13 years, Taro Pharmaceutical Industries's highest Days Payable was 88.04. The lowest was 30.91. And the median was 44.25.

TARO's Days Payable is ranked worse than
64.28% of 977 companies
in the Drug Manufacturers industry
Industry Median: 86.82 vs TARO: 63.82

Taro Pharmaceutical Industries's Days Payable declined from Dec. 2022 (74.50) to Dec. 2023 (55.65). It may suggest that Taro Pharmaceutical Industries accelerated paying its suppliers.

Taro Pharmaceutical Industries Days Payable Historical Data

The historical data trend for Taro Pharmaceutical 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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Taro Pharmaceutical Industries Days Payable Chart

Taro Pharmaceutical Industries Annual Data

Trend

Mar14

Mar15

Mar16

Mar17

Mar18

Mar19

Mar20

Mar21

Mar22

Mar23

Days Payable

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49.46

47.60

65.11

88.04

81.91

Taro Pharmaceutical 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															74.50	88.17	61.53	62.64	55.65

Competitive Comparison of Taro Pharmaceutical Industries's Days Payable

For the Drug Manufacturers - Specialty & Generic subindustry, Taro Pharmaceutical 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.

Taro Pharmaceutical Industries's Days Payable Distribution in the Drug Manufacturers Industry

For the Drug Manufacturers industry and Healthcare sector, Taro Pharmaceutical Industries's Days Payable distribution charts can be found below:

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

Taro Pharmaceutical 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.

Taro Pharmaceutical 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
=	( (68.232	+	68.484)	/	2 )	/	304.629	*	365
=	68.358					/	304.629	*	365
=	81.91

Taro Pharmaceutical 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
=	( (43.059	+	51.183)	/	2 )	/	77.264	*	365 / 4
=	47.121					/	77.264	*	365 / 4
=	55.65

Taro Pharmaceutical Industries Days Payable Related Terms

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Taro Pharmaceutical Industries (Taro Pharmaceutical Industries) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Healthcare » Drug Manufacturers » Taro Pharmaceutical Industries Ltd (NYSE:TARO) » Definitions » Days Payable

Comparable Companies

Traded in Other Exchanges

TAL:Germany

Address

14 Hakitor Street, P.O. Box 10347, Haifa Bay, Haifa, ISR, 2624761

Website

https://www.taro.com

Taro Pharmaceutical Industries Ltd produces, researches, develops, and markets pharmaceutical products. Its primary focus includes semi-solid formulations, such as creams and ointments, and other dosage forms such as liquids, capsules, and tablets. The company is engaged in the dermatological and topical, cardiovascular, neuropsychiatric, and anti-inflammatory therapeutic categories. Geographically, it derives a majority of its revenue from the United States and also has a presence in Canada, Israel, and Other Countries.

Executives

Sun Pharma Global Inc	10 percent owner
Sun Pharmaceutical Industries Ltd	10 percent owner, other: Affiliated Party	17/B, MAHAL INDUSTRIAL ESTATE, MAHAKALI CAVES ROAD, ANDEHERI (EAST) K7 400 093
Alkaloida Chemical Co Exclusive Group Ltd.	10 percent owner	KABAY JANOS UT 29., TISZAVASVARI K5 4440
Franklin Resources Inc	10 percent owner	FRANKLIN RESOURCES INC, ONE FRANKLIN PARKWAY, SAN MATEO CA 94403