Gravita India (BOM:533282) Days Payable : 8.70 (As of Mar. 2024)

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What is Gravita India Days Payable?

Gravita India's average Accounts Payable for the three months ended in Mar. 2024 was ₹675 Mil. Gravita India's Cost of Goods Sold for the three months ended in Mar. 2024 was ₹7,078 Mil. Hence, Gravita India's Days Payable for the three months ended in Mar. 2024 was 8.70.

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

BOM:533282' s Days Payable Range Over the Past 10 Years
Min: 7.89 Med: 12.54 Max: 35.65
Current: 10.87

During the past 13 years, Gravita India's highest Days Payable was 35.65. The lowest was 7.89. And the median was 12.54.

BOM:533282's Days Payable is ranked worse than
98.16% of 2934 companies
in the Industrial Products industry
Industry Median: 76.49 vs BOM:533282: 10.87

Gravita India's Days Payable declined from Mar. 2023 (13.36) to Mar. 2024 (8.70). It may suggest that Gravita India accelerated paying its suppliers.

Gravita India Days Payable Historical Data

The historical data trend for Gravita India'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.

* Premium members only.

Gravita India Days Payable Chart

Gravita India Annual Data

Trend

Mar15

Mar16

Mar17

Mar18

Mar19

Mar20

Mar21

Mar22

Mar23

Mar24

Days Payable

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30.77

35.65

17.54

9.75

11.17

Gravita India 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															13.36	14.46	9.68	10.80	8.70

Competitive Comparison of Gravita India's Days Payable

For the Metal Fabrication subindustry, Gravita India'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.

Gravita India's Days Payable Distribution in the Industrial Products Industry

For the Industrial Products industry and Industrials sector, Gravita India's Days Payable distribution charts can be found below:

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

Gravita India 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.

Gravita India'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
=	( (892.2	+	675)	/	2 )	/	25611.9	*	365
=	783.6					/	25611.9	*	365
=	11.17

Gravita India'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	+	675)	/	1 )	/	7077.5	*	365 / 4
=	675					/	7077.5	*	365 / 4
=	8.70

Gravita India Days Payable Related Terms

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Gravita India (BOM:533282) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Industrials » Industrial Products » Gravita India Ltd (BOM:533282) » Definitions » Days Payable

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GRAVITA:India

Address

A-27 B, Shanti Path, 402, Gravita Tower, Tilak Nagar, Jaipur, RJ, IND, 302 004

Website

https://www.gravitaindia.com

Gravita India Ltd is involved in the metal fabrication business. It has business segments are Lead processing, Aluminium processing, Turn-key solutions, and Plastic manufacturing. It produces products like Lead, Aluminium, and Plastics. The organization sells its products in India and also exports them to other countries. The majority of the firm's revenue is derived from the Lead processing segment.

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