Modern Dairies (BOM:519287) Days Payable : 61.41 (As of Sep. 2023)

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What is Modern Dairies Days Payable?

Modern Dairies's average Accounts Payable for the three months ended in Sep. 2023 was ₹418 Mil. Modern Dairies's Cost of Goods Sold for the three months ended in Sep. 2023 was ₹621 Mil. Hence, Modern Dairies's Days Payable for the three months ended in Sep. 2023 was 61.41.

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

BOM:519287' s Days Payable Range Over the Past 10 Years
Min: 5.83 Med: 16.85 Max: 62.94
Current: 62.94

During the past 13 years, Modern Dairies's highest Days Payable was 62.94. The lowest was 5.83. And the median was 16.85.

BOM:519287's Days Payable is ranked better than
66.57% of 1789 companies
in the Consumer Packaged Goods industry
Industry Median: 46.12 vs BOM:519287: 62.94

Modern Dairies's Days Payable increased from Sep. 2022 (24.96) to Sep. 2023 (61.41). It may suggest that Modern Dairies delayed paying its suppliers.

Modern Dairies Days Payable Historical Data

The historical data trend for Modern Dairies'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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Modern Dairies Days Payable Chart

Modern Dairies Annual Data

Trend

Mar15

Mar16

Mar17

Mar18

Mar19

Mar20

Mar21

Mar22

Mar23

Mar24

Days Payable

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15.62

16.23

19.52

45.58

48.98

Modern Dairies Quarterly Data
	Mar19	Jun19	Sep19	Dec19	Mar20	Jun20	Sep20	Dec20	Mar21	Jun21	Sep21	Dec21	Mar22	Jun22	Sep22	Dec22	Mar23	Jun23	Sep23	Mar24
Days Payable	Get a 7-Day Free Trial															18.70	46.41	45.43	61.41	-

Competitive Comparison of Modern Dairies's Days Payable

For the Packaged Foods subindustry, Modern Dairies'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.

Modern Dairies's Days Payable Distribution in the Consumer Packaged Goods Industry

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

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

Modern Dairies 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.

Modern Dairies'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
=	( (329.106	+	423.118)	/	2 )	/	2802.512	*	365
=	376.112					/	2802.512	*	365
=	48.98

Modern Dairies's Days Payable for the quarter that ended in Sep. 2023 is calculated as:

	Days Payable (Q: Sep. 2023 )
=	Average Accounts Payable					/	Cost of Goods Sold	*	Days in Period
=	( (Accounts Payable (Q: Jun. 2023 )	+	Accounts Payable (Q: Sep. 2023 ))	/	count )	/	Cost of Goods Sold (Q: Sep. 2023 )	*	Days in Period
=	( (0	+	418.026)	/	1 )	/	621.152	*	365 / 4
=	418.026					/	621.152	*	365 / 4
=	61.41

Modern Dairies Days Payable Related Terms

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Modern Dairies (BOM:519287) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Consumer Defensive » Consumer Packaged Goods » Modern Dairies Ltd (BOM:519287) » Definitions » Days Payable

Traded in Other Exchanges

N/A

Address

SCO 98-99, Sub City Centre, Sector 34, Chandigarh, IND, 160022

Website

https://www.moderndairies.com

Modern Dairies Ltd is engaged in the business of manufacturing and processing milk and milk products. Its products include casein, lactose, skimmed milk powder, cheese, butter, pure ghee, and premix. The company caters to both domestic and international markets. It has also launched fresh dairy products like milk in sachets, Curd, fermented milk products, and cheese in its own brand.

Modern Dairies (BOM:519287) Headlines

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