Hindalco Industries (NSE:HINDALCO) Days Payable : 90.41 (As of Dec. 2023)

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What is Hindalco Industries Days Payable?

Hindalco Industries's average Accounts Payable for the three months ended in Dec. 2023 was ₹372,340 Mil. Hindalco Industries's Cost of Goods Sold for the three months ended in Dec. 2023 was ₹375,810 Mil. Hence, Hindalco Industries's Days Payable for the three months ended in Dec. 2023 was 90.41.

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

NSE:HINDALCO' s Days Payable Range Over the Past 10 Years
Min: 62.74 Med: 82.27 Max: 94.36
Current: 88.74

During the past 13 years, Hindalco Industries's highest Days Payable was 94.36. The lowest was 62.74. And the median was 82.27.

NSE:HINDALCO's Days Payable is ranked worse than
57.14% of 1064 companies
in the Metals & Mining industry
Industry Median: 130.44 vs NSE:HINDALCO: 88.74

Hindalco Industries's Days Payable increased from Dec. 2022 (89.37) to Dec. 2023 (90.41). It may suggest that Hindalco Industries delayed paying its suppliers.

Hindalco Industries Days Payable Historical Data

The historical data trend for Hindalco 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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Hindalco Industries Days Payable Chart

Hindalco Industries Annual Data

Trend

Mar14

Mar15

Mar16

Mar17

Mar18

Mar19

Mar20

Mar21

Mar22

Mar23

Days Payable

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78.28

82.84

89.62

94.36

91.45

Hindalco 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															89.37	81.05	97.63	86.09	90.41

Competitive Comparison of Hindalco Industries's Days Payable

For the Aluminum subindustry, Hindalco 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.

Hindalco Industries's Days Payable Distribution in the Metals & Mining Industry

For the Metals & Mining industry and Basic Materials sector, Hindalco Industries's Days Payable distribution charts can be found below:

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

Hindalco 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.

Hindalco 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
=	( (438380	+	414950)	/	2 )	/	1702930	*	365
=	426665					/	1702930	*	365
=	91.45

Hindalco 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
=	( (372340	+	0)	/	1 )	/	375810	*	365 / 4
=	372340					/	375810	*	365 / 4
=	90.41

Hindalco Industries Days Payable Related Terms

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Hindalco Industries (NSE:HINDALCO) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Basic Materials » Metals & Mining » Hindalco Industries Ltd (NSE:HINDALCO) » Definitions » Days Payable

Traded in Other Exchanges

500440:India

Address

Pandurang Budhkar Road, Birla Centurion, 6th & 7th Floor, Worli, Mumbai, MH, IND, 400030

Website

https://www.hindalco.com

Hindalco Industries Ltd extracts raw materials and produces and sells industrial metals in the below segments: Copper, Aluminum Upstream and Aluminium Downstream, Novelis, and all other Segment. The Copper segment purchases raw materials and produces continuous cast copper rods, copper cathodes, sulphuric acid, gold, and silver. The firm hedges its copper and other precious metals costs through futures contracts in an attempt to match commodity price changes between the time it purchases the raw materials and sells the finished products. The Aluminum segment mines bauxite and produces hydrate and alumina, aluminum, and aluminum-based products. The majority of Hindalco's revenue comes from India. The firm is also expanding internationally with sales and operations worldwide.

Hindalco Industries (NSE:HINDALCO) Headlines

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