Excel Industries (NSE:EXCELINDUS) Days Payable : 104.28 (As of Dec. 2023)

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What is Excel Industries Days Payable?

Excel Industries's average Accounts Payable for the three months ended in Dec. 2023 was ₹1,204 Mil. Excel Industries's Cost of Goods Sold for the three months ended in Dec. 2023 was ₹1,054 Mil. Hence, Excel Industries's Days Payable for the three months ended in Dec. 2023 was 104.28.

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

NSE:EXCELINDUS' s Days Payable Range Over the Past 10 Years
Min: 78.81 Med: 97.73 Max: 113.71
Current: 95.06

During the past 13 years, Excel Industries's highest Days Payable was 113.71. The lowest was 78.81. And the median was 97.73.

NSE:EXCELINDUS's Days Payable is ranked better than
73.36% of 1505 companies
in the Chemicals industry
Industry Median: 60.89 vs NSE:EXCELINDUS: 95.06

Excel Industries's Days Payable declined from Dec. 2022 (126.77) to Dec. 2023 (104.28). It may suggest that Excel Industries accelerated paying its suppliers.

Excel Industries Days Payable Historical Data

The historical data trend for Excel 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.

* Premium members only.

Excel Industries Days Payable Chart

Excel Industries Annual Data

Trend

Mar14

Mar15

Mar16

Mar17

Mar18

Mar19

Mar20

Mar21

Mar22

Mar23

Days Payable

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97.24

113.71

112.39

91.10

83.02

Excel Industries 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															126.77	69.29	72.88	87.81	104.28

Competitive Comparison of Excel Industries's Days Payable

For the Specialty Chemicals subindustry, Excel 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.

Excel Industries's Days Payable Distribution in the Chemicals Industry

For the Chemicals industry and Basic Materials sector, Excel Industries's Days Payable distribution charts can be found below:

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

Excel 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.

Excel 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
=	( (1804.478	+	1068.492)	/	2 )	/	6315.305	*	365
=	1436.485					/	6315.305	*	365
=	83.02

Excel 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
=	( (1204.202	+	0)	/	1 )	/	1053.749	*	365 / 4
=	1204.202					/	1053.749	*	365 / 4
=	104.28

Excel Industries Days Payable Related Terms

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

Excel Industries (NSE:EXCELINDUS) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Basic Materials » Chemicals » Excel Industries Ltd (NSE:EXCELINDUS) » Definitions » Days Payable

Comparable Companies

Traded in Other Exchanges

500650:India

Address

184-87, Swami Vivekanand Road, Jogeshwari (West), Mumbai, MH, IND, 400 102

Website

https://www.excelind.co.in

Excel Industries Ltd is a chemical manufacturer based in India. The company is organized into two business segments namely; Chemicals segment which comprises of industrial and specialty chemicals, pesticides intermediates, polymer and pharma intermediates; and Environment and Biotech segment which comprises of soil enricher, biopesticides, and bioproducts. Apart from these segments company also focuses on waste management area where it converts solid waste into organic soil conditioner. The majority of its revenues come from the Indian market, while it also has a presence in the International market.

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