Nesco (BOM:505355) Days Payable : 77.99 (As of Dec. 2023)

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What is Nesco Days Payable?

Nesco's average Accounts Payable for the three months ended in Dec. 2023 was ₹127 Mil. Nesco's Cost of Goods Sold for the three months ended in Dec. 2023 was ₹148 Mil. Hence, Nesco's Days Payable for the three months ended in Dec. 2023 was 77.99.

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

BOM:505355' s Days Payable Range Over the Past 10 Years
Min: 84.9 Med: 214.91 Max: 291.88
Current: 84.9

During the past 13 years, Nesco's highest Days Payable was 291.88. The lowest was 84.90. And the median was 214.91.

BOM:505355's Days Payable is ranked better than
67.8% of 469 companies
in the Conglomerates industry
Industry Median: 59.22 vs BOM:505355: 84.90

Nesco's Days Payable declined from Dec. 2022 (117.47) to Dec. 2023 (77.99). It may suggest that Nesco accelerated paying its suppliers.

Nesco Days Payable Historical Data

The historical data trend for Nesco'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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Nesco Days Payable Chart

Nesco Annual Data

Trend

Mar14

Mar15

Mar16

Mar17

Mar18

Mar19

Mar20

Mar21

Mar22

Mar23

Days Payable

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147.13

234.18

254.27

130.75

112.95

Nesco 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															117.47	84.59	111.96	80.95	77.99

Competitive Comparison of Nesco's Days Payable

For the Conglomerates subindustry, Nesco'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.

Nesco's Days Payable Distribution in the Conglomerates Industry

For the Conglomerates industry and Industrials sector, Nesco's Days Payable distribution charts can be found below:

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

Nesco 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.

Nesco'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
=	( (88.913	+	144.405)	/	2 )	/	376.988	*	365
=	116.659					/	376.988	*	365
=	112.95

Nesco'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
=	( (126.757	+	0)	/	1 )	/	148.3	*	365 / 4
=	126.757					/	148.3	*	365 / 4
=	77.99

Nesco Days Payable Related Terms

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Nesco (BOM:505355) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Industrials » Conglomerates » Nesco Ltd (BOM:505355) » Definitions » Days Payable

Comparable Companies

Traded in Other Exchanges

NESCO:India

Address

Western Express Highway, Nesco Center, Goregaon (East), Mumbai, MH, IND, 400 063

Website

https://www.nesco.in

Nesco Ltd has a diversified portfolio of business. The company's operating segment includes IT Park; Bombay Exhibition Centre; Industrial Capital Goods Division; Nesco Foods and others. It generates maximum revenue from the IT Park segment. IT Park segment includes licencing premises in IT park buildings and providing related services. Bombay Exhibition Center segment includes licencing premises for exhibitions and providing services to the organisers. The Industrial Capital Goods Division segment is involved in the manufacturing of machines and capital equipment. Nesco Foods segment includes hospitality and catering services.

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