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Destiny Logistics & Infra (NSE:DESTINY) Days Payable : 51.67 (As of Mar. 2023)


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What is Destiny Logistics & Infra Days Payable?

Destiny Logistics & Infra's average Accounts Payable for the six months ended in Mar. 2023 was ₹72.5 Mil. Destiny Logistics & Infra's Cost of Goods Sold for the six months ended in Mar. 2023 was ₹512.3 Mil. Hence, Destiny Logistics & Infra's Days Payable for the six months ended in Mar. 2023 was 25.83.

The historical rank and industry rank for Destiny Logistics & Infra's Days Payable or its related term are showing as below:

NSE:DESTINY' s Days Payable Range Over the Past 10 Years
Min: 8.32   Med: 10.41   Max: 51.67
Current: 51.67

During the past 5 years, Destiny Logistics & Infra's highest Days Payable was 51.67. The lowest was 8.32. And the median was 10.41.

NSE:DESTINY's Days Payable is ranked better than
62.89% of 935 companies
in the Transportation industry
Industry Median: 38.81 vs NSE:DESTINY: 51.67

Destiny Logistics & Infra's Days Payable increased from Mar. 2021 (9.57) to Mar. 2023 (51.67). It may suggest that Destiny Logistics & Infra delayed paying its suppliers.

Destiny Logistics & Infra Days Payable Historical Data

The historical data trend for Destiny Logistics & Infra'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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Destiny Logistics & Infra Days Payable Chart

Destiny Logistics & Infra Annual Data
Trend Mar19 Mar20 Mar21 Mar22 Mar23
Days Payable
10.41 8.32 9.57 28.66 51.67

Destiny Logistics & Infra Semi-Annual Data
Mar19 Mar20 Mar21 Mar22 Mar23
Days Payable 10.41 8.32 9.57 28.66 51.67

Competitive Comparison of Destiny Logistics & Infra's Days Payable

For the Trucking subindustry, Destiny Logistics & Infra'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.

Destiny Logistics & Infra's Days Payable Distribution in the Transportation Industry

For the Transportation industry and Industrials sector, Destiny Logistics & Infra's Days Payable distribution charts can be found below:

* The bar in red indicates where Destiny Logistics & Infra's Days Payable falls into.


Destiny Logistics & Infra 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.

Destiny Logistics & Infra'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
=( (47.005 + 98.038) / 2 ) / 512.334*365
=72.5215 / 512.334*365
=51.67

Destiny Logistics & Infra's Days Payable for the quarter that ended in Mar. 2023 is calculated as:

Days Payable (Q: Mar. 2023 )
=Average Accounts Payable / Cost of Goods Sold*Days in Period
=( (Accounts Payable (Q: Mar. 2022 ) + Accounts Payable (Q: Mar. 2023 )) / count ) / Cost of Goods Sold (Q: Mar. 2023 )*Days in Period
=( (47.005 + 98.038) / 2 ) / 512.334*365 / 2
=72.5215 / 512.334*365 / 2
=25.83

* 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.

Destiny Logistics & Infra Days Payable Related Terms

Thank you for viewing the detailed overview of Destiny Logistics & Infra's Days Payable provided by GuruFocus.com. Please click on the following links to see related term pages.

Destiny Logistics & Infra (NSE:DESTINY) Business Description

Industry
GURUFOCUS.COM » STOCK LIST » Industrials » Transportation » Destiny Logistics & Infra Ltd (NSE:DESTINY) » Definitions » Days Payable
Comparable Companies
BOM:531977 BOM:520123 BOM:530259 BOM:520131 NSE:JALAN BOM:534615 BOM:541206 NSE:SVLL ODFL SAIA TSX:TFII XPO KNX TSE:9064 SNDR ARCB TSE:9076 WERN SHSE:603056 RXO
Traded in Other Exchanges
N/A
Address
ECO Centre, Block - EM-4 Sector- V, Unit No. 708, 7th Floor, Salt Lake, Kolkata, WB, IND, 700091
Website
https://www.destinyinfra.in
Destiny Logistics & Infra Ltd provide logistics, manpower and infrastructural services. It offers land-based transportation through third-party service providers. It provides a wide range of services such as packaging, loading, transportation, unloading, and unpacking of items to offer end-to-end solutions. The company's operations are concentrated in the domestic market, particularly, in the state of West Bengal. The company operates in Transport and Construction services, out of which the majority is from the Construction services.

Destiny Logistics & Infra (NSE:DESTINY) Headlines

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