Solara Active Pharma Sciences (BOM:541540) Days Payable : 175.51 (As of Mar. 2024)

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What is Solara Active Pharma Sciences Days Payable?

Solara Active Pharma Sciences's average Accounts Payable for the three months ended in Mar. 2024 was ₹3,077 Mil. Solara Active Pharma Sciences's Cost of Goods Sold for the three months ended in Mar. 2024 was ₹1,600 Mil. Hence, Solara Active Pharma Sciences's Days Payable for the three months ended in Mar. 2024 was 175.51.

The historical rank and industry rank for Solara Active Pharma Sciences's Days Payable or its related term are showing as below:

BOM:541540' s Days Payable Range Over the Past 10 Years
Min: 124.6 Med: 136.28 Max: 165.46
Current: 145.33

During the past 8 years, Solara Active Pharma Sciences's highest Days Payable was 165.46. The lowest was 124.60. And the median was 136.28.

BOM:541540's Days Payable is ranked better than
73.25% of 972 companies
in the Drug Manufacturers industry
Industry Median: 89.29 vs BOM:541540: 145.33

Solara Active Pharma Sciences's Days Payable increased from Mar. 2023 (145.04) to Mar. 2024 (175.51). It may suggest that Solara Active Pharma Sciences delayed paying its suppliers.

Solara Active Pharma Sciences Days Payable Historical Data

The historical data trend for Solara Active Pharma Sciences'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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Solara Active Pharma Sciences Days Payable Chart

Solara Active Pharma Sciences Annual Data

Trend

Mar17

Mar18

Mar19

Mar20

Mar21

Mar22

Mar23

Mar24

Days Payable

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131.16

124.60

165.46

136.37

139.10

Solara Active Pharma Sciences 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															145.04	145.37	133.69	147.34	175.51

Competitive Comparison of Solara Active Pharma Sciences's Days Payable

For the Drug Manufacturers - Specialty & Generic subindustry, Solara Active Pharma Sciences'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.

Solara Active Pharma Sciences's Days Payable Distribution in the Drug Manufacturers Industry

For the Drug Manufacturers industry and Healthcare sector, Solara Active Pharma Sciences's Days Payable distribution charts can be found below:

* The bar in red indicates where Solara Active Pharma Sciences's Days Payable falls into.

Solara Active Pharma Sciences 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.

Solara Active Pharma Sciences'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
=	( (3058.6	+	3077)	/	2 )	/	8050.2	*	365
=	3067.8					/	8050.2	*	365
=	139.10

Solara Active Pharma Sciences'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	+	3077)	/	1 )	/	1599.8	*	365 / 4
=	3077					/	1599.8	*	365 / 4
=	175.51

Solara Active Pharma Sciences Days Payable Related Terms

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Solara Active Pharma Sciences (BOM:541540) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Healthcare » Drug Manufacturers » Solara Active Pharma Sciences Ltd (BOM:541540) » Definitions » Days Payable

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SOLARA:India

Address

27. Vandaloor Kelambakkam Road, 2nd Floor. Admin Block, Melakottaiyur (Post), Keelakottaiyur Village, Chennai, TN, IND, 600 127

Website

https://www.solara.co.in

Solara Active Pharma Sciences Ltd is engaged in Active Pharmaceutical Ingredients manufacturer (API) in India. It manufactures and develops APIs and offers services, including CRAMS and contract manufacturing for APIs. The company offers products and services, such as Anaesthetic, Analgesics, Antiviral, Retinod, Anti-emetic, Antimalarial, Diuretic, Muscle relaxant, Antiallergics, Antihypertensive, Calcimimetic agent, Anti-seizure, Antigout, Cardiovascular, Anti-infective, Cough suppressant and others. It also offers contract services including contract development and manufacturing, analytical services. The group has a business presence in the Asia Pacific, Europe, North America, South America, and other places, of which the majority of income is generated from the Asia Pacific countries.

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