Organic Coatings (BOM:531157) Days Payable : 133.98 (As of Dec. 2023)

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What is Organic Coatings Days Payable?

Organic Coatings's average Accounts Payable for the three months ended in Dec. 2023 was ₹58.4 Mil. Organic Coatings's Cost of Goods Sold for the three months ended in Dec. 2023 was ₹39.8 Mil. Hence, Organic Coatings's Days Payable for the three months ended in Dec. 2023 was 133.98.

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

BOM:531157' s Days Payable Range Over the Past 10 Years
Min: 86.48 Med: 109.75 Max: 153.16
Current: 115.44

During the past 13 years, Organic Coatings's highest Days Payable was 153.16. The lowest was 86.48. And the median was 109.75.

BOM:531157's Days Payable is ranked better than
82.42% of 1502 companies
in the Chemicals industry
Industry Median: 60.4 vs BOM:531157: 115.44

Organic Coatings's Days Payable declined from Dec. 2022 (163.66) to Dec. 2023 (133.98). It may suggest that Organic Coatings accelerated paying its suppliers.

Organic Coatings Days Payable Historical Data

The historical data trend for Organic Coatings'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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Organic Coatings Days Payable Chart

Organic Coatings Annual Data

Trend

Mar14

Mar15

Mar16

Mar17

Mar18

Mar19

Mar20

Mar21

Mar22

Mar23

Days Payable

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114.90

127.13

153.16

109.94

113.26

Organic Coatings 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															163.66	71.14	101.44	170.40	133.98

Competitive Comparison of Organic Coatings's Days Payable

For the Specialty Chemicals subindustry, Organic Coatings'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.

Organic Coatings's Days Payable Distribution in the Chemicals Industry

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

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

Organic Coatings 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.

Organic Coatings'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
=	( (67.401	+	50.97)	/	2 )	/	190.736	*	365
=	59.1855					/	190.736	*	365
=	113.26

Organic Coatings'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
=	( (58.437	+	0)	/	1 )	/	39.799	*	365 / 4
=	58.437					/	39.799	*	365 / 4
=	133.98

Organic Coatings Days Payable Related Terms

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Organic Coatings (BOM:531157) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Basic Materials » Chemicals » Organic Coatings Ltd (BOM:531157) » Definitions » Days Payable

Comparable Companies

Traded in Other Exchanges

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Address

Unit No.405, Atlanta Estate Premises Co-op. Soc. Ltd., Vitth Bhatti, Near Virwani Industrial Estate, Goregaon (East), Mumbai, MH, IND, 400063

Website

http://www.organiccoatingsltd.com

Organic Coatings Ltd is a chemical manufacturing company in India. It is engaged in the business of manufacturing and trading of printing inks and allied products. It offers offset ink products, including web offset publications and heat set inks; UV inks for dry offset, flexo, wet offset-sheetfed and web, and silkscreen applications; water-based flexo inks; Security inks and Specialty Inks. Geographically the company caters its products across India and to other countries. It operates through one segment that is Printing Inks and generates revenue from the same.

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