NOCIL (BOM:500730) Days Payable : 61.65 (As of Dec. 2023)

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What is NOCIL Days Payable?

NOCIL's average Accounts Payable for the three months ended in Dec. 2023 was ₹1,236 Mil. NOCIL's Cost of Goods Sold for the three months ended in Dec. 2023 was ₹1,830 Mil. Hence, NOCIL's Days Payable for the three months ended in Dec. 2023 was 61.65.

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

BOM:500730' s Days Payable Range Over the Past 10 Years
Min: 70.39 Med: 82.74 Max: 95.56
Current: 85.13

During the past 13 years, NOCIL's highest Days Payable was 95.56. The lowest was 70.39. And the median was 82.74.

BOM:500730's Days Payable is ranked better than
68.73% of 1503 companies
in the Chemicals industry
Industry Median: 60.63 vs BOM:500730: 85.13

NOCIL's Days Payable declined from Sep. 2022 (79.50) to Dec. 2023 (61.65). It may suggest that NOCIL accelerated paying its suppliers.

NOCIL Days Payable Historical Data

The historical data trend for NOCIL'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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NOCIL Days Payable Chart

NOCIL Annual Data

Trend

Mar14

Mar15

Mar16

Mar17

Mar18

Mar19

Mar20

Mar21

Mar22

Mar23

Days Payable

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83.66

88.38

93.88

81.82

70.39

NOCIL Quarterly Data
	Dec18	Mar19	Jun19	Sep19	Dec19	Mar20	Jun20	Sep20	Dec20	Mar21	Jun21	Sep21	Dec21	Mar22	Jun22	Sep22	Dec22	Mar23	Sep23	Dec23
Days Payable	Get a 7-Day Free Trial															79.50	92.94	49.73	57.77	61.65

Competitive Comparison of NOCIL's Days Payable

For the Specialty Chemicals subindustry, NOCIL'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.

NOCIL's Days Payable Distribution in the Chemicals Industry

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

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

NOCIL 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.

NOCIL'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
=	( (2151.2	+	1272.7)	/	2 )	/	8876.8	*	365
=	1711.95					/	8876.8	*	365
=	70.39

NOCIL'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
=	( (1236.4	+	0)	/	1 )	/	1829.9	*	365 / 4
=	1236.4					/	1829.9	*	365 / 4
=	61.65

NOCIL Days Payable Related Terms

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NOCIL (BOM:500730) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Basic Materials » Chemicals » NOCIL Ltd (BOM:500730) » Definitions » Days Payable

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NOCIL:India

Address

H.T. Parekh Marg, Mafatlal House, 3rd Floor, Backbay Reclamation, Churchgate, Mumbai, MH, IND, 400 020

Website

http://www.nocil.com

NOCIL Ltd is an Indian company that is engaged in the business of manufacture and sale of Rubber Chemicals. The diverse product line of the company includes accelerators, anti-degradants, antioxidants, pre-vulcanization inhibitors, and post-vulcanization stabilizers. NOCIL serves its products to various industries including the tire and other rubber processing industries. Geographically, the group derives revenue from customers located within India and other international countries, of which a majority of the revenue is generated within India.

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