Kranti Industries (BOM:542459) Days Payable : 91.71 (As of Dec. 2023)

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What is Kranti Industries Days Payable?

Kranti Industries's average Accounts Payable for the three months ended in Dec. 2023 was ₹130.7 Mil. Kranti Industries's Cost of Goods Sold for the three months ended in Dec. 2023 was ₹130.0 Mil. Hence, Kranti Industries's Days Payable for the three months ended in Dec. 2023 was 91.71.

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

BOM:542459' s Days Payable Range Over the Past 10 Years
Min: 45.35 Med: 53 Max: 80.62
Current: 65.66

During the past 8 years, Kranti Industries's highest Days Payable was 80.62. The lowest was 45.35. And the median was 53.00.

BOM:542459's Days Payable is ranked worse than
50.28% of 1259 companies
in the Vehicles & Parts industry
Industry Median: 65.85 vs BOM:542459: 65.66

Kranti Industries's Days Payable increased from Dec. 2022 (84.10) to Dec. 2023 (91.71). It may suggest that Kranti Industries delayed paying its suppliers.

Kranti Industries Days Payable Historical Data

The historical data trend for Kranti Industries'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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Kranti Industries Days Payable Chart

Kranti Industries Annual Data

Trend

Mar16

Mar17

Mar18

Mar19

Mar20

Mar21

Mar22

Mar23

Days Payable

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45.35

54.66

80.62

50.92

51.34

Kranti Industries Quarterly Data
	Mar18	Sep18	Mar19	Sep19	Mar20	Jun20	Sep20	Dec20	Mar21	Jun21	Sep21	Dec21	Mar22	Jun22	Sep22	Dec22	Mar23	Jun23	Sep23	Dec23
Days Payable	Get a 7-Day Free Trial															84.10	39.52	58.24	90.02	91.71

Competitive Comparison of Kranti Industries's Days Payable

For the Auto Parts subindustry, Kranti Industries'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.

Kranti Industries's Days Payable Distribution in the Vehicles & Parts Industry

For the Vehicles & Parts industry and Consumer Cyclical sector, Kranti Industries's Days Payable distribution charts can be found below:

* The bar in red indicates where Kranti Industries's Days Payable falls into.

Kranti Industries 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.

Kranti Industries'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
=	( (90.623	+	107.593)	/	2 )	/	704.598	*	365
=	99.108					/	704.598	*	365
=	51.34

Kranti Industries'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
=	( (130.685	+	0)	/	1 )	/	130.033	*	365 / 4
=	130.685					/	130.033	*	365 / 4
=	91.71

Kranti Industries Days Payable Related Terms

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Kranti Industries (BOM:542459) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Consumer Cyclical » Vehicles & Parts » Kranti Industries Ltd (BOM:542459) » Definitions » Days Payable

Comparable Companies

Traded in Other Exchanges

N/A

Address

Gat No. 267/B/1, At Post Pirangut, Taluka Mulshi, Pune, MH, IND, 412115

Website

https://www.krantiindustries.com

Kranti Industries Ltd is a manufacturer and supplier of automobile components. The company's products include Differential housing, Axle components, Transmission components, Automotive components, and Other components. The company is engaged in the field of engineering products and caters to the needs of the Automobile manufacturing companies.

Kranti Industries (BOM:542459) Headlines

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