Modi Naturals (BOM:519003) Days Payable : 26.29 (As of Mar. 2024)

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What is Modi Naturals Days Payable?

Modi Naturals's average Accounts Payable for the three months ended in Mar. 2024 was ₹254 Mil. Modi Naturals's Cost of Goods Sold for the three months ended in Mar. 2024 was ₹882 Mil. Hence, Modi Naturals's Days Payable for the three months ended in Mar. 2024 was 26.29.

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

BOM:519003' s Days Payable Range Over the Past 10 Years
Min: 6.25 Med: 9.09 Max: 26.42
Current: 21.83

During the past 13 years, Modi Naturals's highest Days Payable was 26.42. The lowest was 6.25. And the median was 9.09.

BOM:519003's Days Payable is ranked worse than
83.88% of 1787 companies
in the Consumer Packaged Goods industry
Industry Median: 46.07 vs BOM:519003: 21.83

Modi Naturals's Days Payable increased from Mar. 2023 (18.20) to Mar. 2024 (26.29). It may suggest that Modi Naturals delayed paying its suppliers.

Modi Naturals Days Payable Historical Data

The historical data trend for Modi Naturals'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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Modi Naturals Days Payable Chart

Modi Naturals Annual Data

Trend

Mar15

Mar16

Mar17

Mar18

Mar19

Mar20

Mar21

Mar22

Mar23

Mar24

Days Payable

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8.12

7.55

9.79

16.76

26.42

Modi Naturals Quarterly Data
	Jun19	Sep19	Dec19	Mar20	Jun20	Sep20	Dec20	Mar21	Jun21	Sep21	Dec21	Mar22	Jun22	Sep22	Dec22	Mar23	Jun23	Sep23	Dec23	Mar24
Days Payable	Get a 7-Day Free Trial															18.20	26.06	14.19	11.59	26.29

Competitive Comparison of Modi Naturals's Days Payable

For the Packaged Foods subindustry, Modi Naturals'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.

Modi Naturals's Days Payable Distribution in the Consumer Packaged Goods Industry

For the Consumer Packaged Goods industry and Consumer Defensive sector, Modi Naturals's Days Payable distribution charts can be found below:

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

Modi Naturals 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.

Modi Naturals's Days Payable for the fiscal year that ended in Mar. 2024 is calculated as

	Days Payable (A: Mar. 2024 )
=	Average Accounts Payable					/	Cost of Goods Sold	*	Days in Period
=	( (Accounts Payable (A: Mar. 2023 )	+	Accounts Payable (A: Mar. 2024 ))	/	count )	/	Cost of Goods Sold (A: Mar. 2024 )	*	Days in Period
=	( (180.243	+	254.052)	/	2 )	/	3000	*	365
=	217.1475					/	3000	*	365
=	26.42

Modi Naturals's Days Payable for the quarter that ended in Mar. 2024 is calculated as:

	Days Payable (Q: Mar. 2024 )
=	Average Accounts Payable					/	Cost of Goods Sold	*	Days in Period
=	( (Accounts Payable (Q: Dec. 2023 )	+	Accounts Payable (Q: Mar. 2024 ))	/	count )	/	Cost of Goods Sold (Q: Mar. 2024 )	*	Days in Period
=	( (0	+	254.052)	/	1 )	/	881.913	*	365 / 4
=	254.052					/	881.913	*	365 / 4
=	26.29

Modi Naturals Days Payable Related Terms

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Modi Naturals (BOM:519003) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Consumer Defensive » Consumer Packaged Goods » Modi Naturals Ltd (BOM:519003) » Definitions » Days Payable

Traded in Other Exchanges

N/A

Address

D-185/1B and 1C, 2nd Floor, Okhla Industrial Area - Phase I, New Delhi, IND, 110020

Website

https://www.modinaturals.com

Modi Naturals Ltd manufactures and markets edible oil and de-oiled cakes in India. The company offers consumer products and business-to-business (B2B) products. The Oleev brand includes olive oils and healthy oils. Its Rizolo brand offers rice bran oil. Miller brand provides low-absorption technology canola oil, its Pipo brand offers ready-to-cook flavored popcorn, and the Olivana Wellness brand offers massage oils. Its B2B products consist of rice bran oil, sunflower oil, mustard oil, rice bran wax, distilled fatty acids, de-oiled rice bran, and de-oiled sunflower cake. The company generates revenue from the sale of products, sale of packing, and other materials.

Modi Naturals (BOM:519003) Headlines

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