IGC Pharma (FRA:IGS1) Days Payable : 777.73 (As of Dec. 2023)

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What is IGC Pharma Days Payable?

IGC Pharma's average Accounts Payable for the three months ended in Dec. 2023 was €0.55 Mil. IGC Pharma's Cost of Goods Sold for the three months ended in Dec. 2023 was €0.07 Mil. Hence, IGC Pharma's Days Payable for the three months ended in Dec. 2023 was 777.73.

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

FRA:IGS1' s Days Payable Range Over the Past 10 Years
Min: 7.92 Med: 64.6 Max: 1309.86
Current: 353.88

During the past 13 years, IGC Pharma's highest Days Payable was 1309.86. The lowest was 7.92. And the median was 64.60.

FRA:IGS1's Days Payable is ranked better than
70.3% of 724 companies
in the Biotechnology industry
Industry Median: 150.695 vs FRA:IGS1: 353.88

IGC Pharma's Days Payable increased from Dec. 2022 (189.44) to Dec. 2023 (777.73). It may suggest that IGC Pharma delayed paying its suppliers.

IGC Pharma Days Payable Historical Data

The historical data trend for IGC Pharma'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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IGC Pharma Days Payable Chart

IGC Pharma Annual Data

Trend

Mar14

Mar15

Mar16

Mar17

Mar18

Mar19

Mar20

Mar21

Mar22

Mar23

Days Payable

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20.31

49.54

301.86

1,280.48

577.50

IGC Pharma 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															189.44	444.37	183.65	470.35	777.73

Competitive Comparison of IGC Pharma's Days Payable

For the Biotechnology subindustry, IGC Pharma'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.

IGC Pharma's Days Payable Distribution in the Biotechnology Industry

For the Biotechnology industry and Healthcare sector, IGC Pharma's Days Payable distribution charts can be found below:

* The bar in red indicates where IGC Pharma's Days Payable falls into.

IGC Pharma 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.

IGC Pharma'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
=	( (0.891	+	0.495)	/	2 )	/	0.438	*	365
=	0.693					/	0.438	*	365
=	577.50

IGC Pharma'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
=	( (0.514	+	0.594)	/	2 )	/	0.065	*	365 / 4
=	0.554					/	0.065	*	365 / 4
=	777.73

IGC Pharma Days Payable Related Terms

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IGC Pharma (FRA:IGS1) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Healthcare » Biotechnology » IGC Pharma Inc (FRA:IGS1) » Definitions » Days Payable

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IGC:USA

Address

10224 Falls Road, Potomac, MD, USA, 20854

Website

https://www.igcinc.us

IGC Pharma Inc develops advanced cannabinoid-based formulations for treating diseases and conditions, including, but not limited to, Alzheimer's disease, period cramps, premenstrual syndrome and chronic pain. The company has two investigational drug assets targeting Alzheimer's disease, IGC-AD1 and TGR-63, which have demonstrated in Alzheimer's cell lines the potential to be effective in suppressing or ameliorating key hallmarks of Alzheimer's disease, such as plaques or tangles. IGC-AD1 is a low-dose tetrahydrocannabinol-based formulation that is in a 146-person Phase 2 clinical trial for agitation in dementia due to Alzheimer's. IGC also markets a wellness brand, Holief, that targets women experiencing premenstrual syndrome and menstrual cramps.

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