Advance Petrochemicals (BOM:506947) Days Payable : 83.78 (As of Dec. 2023)

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What is Advance Petrochemicals Days Payable?

Advance Petrochemicals's average Accounts Payable for the three months ended in Dec. 2023 was ₹52.6 Mil. Advance Petrochemicals's Cost of Goods Sold for the three months ended in Dec. 2023 was ₹57.3 Mil. Hence, Advance Petrochemicals's Days Payable for the three months ended in Dec. 2023 was 83.78.

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

BOM:506947' s Days Payable Range Over the Past 10 Years
Min: 22.45 Med: 63.23 Max: 78.55
Current: 76.92

During the past 13 years, Advance Petrochemicals's highest Days Payable was 78.55. The lowest was 22.45. And the median was 63.23.

BOM:506947's Days Payable is ranked better than
64.34% of 1503 companies
in the Chemicals industry
Industry Median: 60.63 vs BOM:506947: 76.92

Advance Petrochemicals's Days Payable increased from Dec. 2022 (68.75) to Dec. 2023 (83.78). It may suggest that Advance Petrochemicals delayed paying its suppliers.

Advance Petrochemicals Days Payable Historical Data

The historical data trend for Advance Petrochemicals'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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Advance Petrochemicals Days Payable Chart

Advance Petrochemicals Annual Data

Trend

Mar14

Mar15

Mar16

Mar17

Mar18

Mar19

Mar20

Mar21

Mar22

Mar23

Days Payable

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50.51

73.53

60.42

72.02

66.04

Advance Petrochemicals 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															68.75	62.80	61.14	90.76	83.78

Competitive Comparison of Advance Petrochemicals's Days Payable

For the Chemicals subindustry, Advance Petrochemicals'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.

Advance Petrochemicals's Days Payable Distribution in the Chemicals Industry

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

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

Advance Petrochemicals 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.

Advance Petrochemicals'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
=	( (52.368	+	39.398)	/	2 )	/	253.593	*	365
=	45.883					/	253.593	*	365
=	66.04

Advance Petrochemicals'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
=	( (52.588	+	0)	/	1 )	/	57.28	*	365 / 4
=	52.588					/	57.28	*	365 / 4
=	83.78

Advance Petrochemicals Days Payable Related Terms

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Advance Petrochemicals (BOM:506947) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Basic Materials » Chemicals » Advance Petrochemicals Ltd (BOM:506947) » Definitions » Days Payable

Traded in Other Exchanges

N/A

Address

36, Diwan Ballubhai Road, Kothari Market, 1st Floor, Opp Hirabhai Market, Kankaria, Ahmedabad, GJ, IND, 380022

Website

https://www.advancepetro.com

Advance Petrochemicals Ltd is an India-based company that manufactures and supplies petrochemical products. Its offerings include surface active agents, solvents, alkyl aryl ethanolamine, ethanolamine, automotive products, fire-resistant fluid, and aircraft chemicals. These chemicals are used in automobiles, aircraft, textiles, refineries, crude oil, leather, pesticides, paint, lubricant, wood, masonry, food, cosmetics, pharmaceuticals, metal, construction, power plants, mines, and minerals. It has one business segment namely Petroleum Products.

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