Lanka Ashok Leyland (COL:ASHO.N0000) Days Payable : 87.24 (As of Mar. 2024)

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What is Lanka Ashok Leyland Days Payable?

Lanka Ashok Leyland's average Accounts Payable for the three months ended in Mar. 2024 was රු1,213 Mil. Lanka Ashok Leyland's Cost of Goods Sold for the three months ended in Mar. 2024 was රු1,268 Mil. Hence, Lanka Ashok Leyland's Days Payable for the three months ended in Mar. 2024 was 87.24.

The historical rank and industry rank for Lanka Ashok Leyland's Days Payable or its related term are showing as below:

COL:ASHO.N0000' s Days Payable Range Over the Past 10 Years
Min: 6.2 Med: 19.69 Max: 94.68
Current: 94.68

During the past 13 years, Lanka Ashok Leyland's highest Days Payable was 94.68. The lowest was 6.20. And the median was 19.69.

COL:ASHO.N0000's Days Payable is ranked better than
70.11% of 1258 companies
in the Vehicles & Parts industry
Industry Median: 66.48 vs COL:ASHO.N0000: 94.68

Lanka Ashok Leyland's Days Payable declined from Mar. 2023 (102.54) to Mar. 2024 (87.24). It may suggest that Lanka Ashok Leyland accelerated paying its suppliers.

Lanka Ashok Leyland Days Payable Historical Data

The historical data trend for Lanka Ashok Leyland'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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Lanka Ashok Leyland Days Payable Chart

Lanka Ashok Leyland Annual Data

Trend

Mar15

Mar16

Mar17

Mar18

Mar19

Mar20

Mar21

Mar22

Mar23

Mar24

Days Payable

Get a 7-Day Free Trial

14.00

31.99

17.94

54.50

77.20

Lanka Ashok Leyland 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															102.54	144.37	129.14	82.84	87.24

Competitive Comparison of Lanka Ashok Leyland's Days Payable

For the Auto Manufacturers subindustry, Lanka Ashok Leyland'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.

Lanka Ashok Leyland's Days Payable Distribution in the Vehicles & Parts Industry

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

* The bar in red indicates where Lanka Ashok Leyland's Days Payable falls into.

Lanka Ashok Leyland 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.

Lanka Ashok Leyland'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
=	( (528.962	+	989.741)	/	2 )	/	3589.972	*	365
=	759.3515					/	3589.972	*	365
=	77.20

Lanka Ashok Leyland'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
=	( (1435.343	+	989.741)	/	2 )	/	1268.257	*	365 / 4
=	1212.542					/	1268.257	*	365 / 4
=	87.24

Lanka Ashok Leyland Days Payable Related Terms

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Lanka Ashok Leyland (COL:ASHO.N0000) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Consumer Cyclical » Vehicles & Parts » Lanka Ashok Leyland PLC (COL:ASHO.N0000) » Definitions » Days Payable

Comparable Companies

Traded in Other Exchanges

N/A

Address

Panagoda, Homagama, Colombo, LKA

Website

https://www.lal.lk

Lanka Ashok Leyland PLC is engaged in importing and marketing of Ashok Leyland buses, trucks, truck chassis, spare parts, power generators, and accessories. The company also carries out repairs and restoration of commercial vehicles including body fabrication on goods and passenger chassis. The firm builds the truck body for specific requirements and the building of driver's cabins. Besides, the firm assembles and manufactures Ashok Leyland vehicles with technical assistance from Ashok Leyland. The company solely operates in Sri Lanka.

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