Hindustan Petroleum (NSE:HINDPETRO) Days Payable : 23.56 (As of Mar. 2024)

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What is Hindustan Petroleum Days Payable?

Hindustan Petroleum's average Accounts Payable for the three months ended in Mar. 2024 was ₹273,000 Mil. Hindustan Petroleum's Cost of Goods Sold for the three months ended in Mar. 2024 was ₹1,057,329 Mil. Hence, Hindustan Petroleum's Days Payable for the three months ended in Mar. 2024 was 23.56.

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

NSE:HINDPETRO' s Days Payable Range Over the Past 10 Years
Min: 20.8 Med: 23.83 Max: 26.26
Current: 24.21

During the past 13 years, Hindustan Petroleum's highest Days Payable was 26.26. The lowest was 20.80. And the median was 23.83.

NSE:HINDPETRO's Days Payable is ranked worse than
83.67% of 900 companies
in the Oil & Gas industry
Industry Median: 61.27 vs NSE:HINDPETRO: 24.21

Hindustan Petroleum's Days Payable increased from Mar. 2023 (21.05) to Mar. 2024 (23.56). It may suggest that Hindustan Petroleum delayed paying its suppliers.

Hindustan Petroleum Days Payable Historical Data

The historical data trend for Hindustan Petroleum'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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Hindustan Petroleum Days Payable Chart

Hindustan Petroleum Annual Data

Trend

Mar15

Mar16

Mar17

Mar18

Mar19

Mar20

Mar21

Mar22

Mar23

Mar24

Days Payable

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20.80

24.99

24.09

20.88

23.31

Hindustan Petroleum 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															21.05	21.26	30.43	24.32	23.56

Competitive Comparison of Hindustan Petroleum's Days Payable

For the Oil & Gas Refining & Marketing subindustry, Hindustan Petroleum'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.

Hindustan Petroleum's Days Payable Distribution in the Oil & Gas Industry

For the Oil & Gas industry and Energy sector, Hindustan Petroleum's Days Payable distribution charts can be found below:

* The bar in red indicates where Hindustan Petroleum's Days Payable falls into.

Hindustan Petroleum 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.

Hindustan Petroleum'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
=	( (229132.3	+	273000.1)	/	2 )	/	3931792.4	*	365
=	251066.2					/	3931792.4	*	365
=	23.31

Hindustan Petroleum'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
=	( (0	+	273000.1)	/	1 )	/	1057329	*	365 / 4
=	273000.1					/	1057329	*	365 / 4
=	23.56

Hindustan Petroleum Days Payable Related Terms

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Hindustan Petroleum (NSE:HINDPETRO) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Energy » Oil & Gas » Hindustan Petroleum Corp Ltd (NSE:HINDPETRO) » Definitions » Days Payable

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Traded in Other Exchanges

500104:India

Address

17, Jamshedji Tata Road, Post Box No. 11041, Petroleum House, Churchgate, Mumbai, MH, IND, 400 020

Website

https://www.hindustanpetroleum.com

Hindustan Petroleum Corp Ltd. (HPCL) is an Indian government enterprise that refines crude oil and manufactures petroleum-based products. The company operates a diverse group of refineries that process several grades of lubes, specialties, and greases along with a variety of petroleum products. HPCL also controls an extensive network of pipelines in India that transport a variety of hydrocarbon-based products. In tandem with its host of pipelines, marketing and distribution efforts are carried out through a group of terminals, service stations, bottling plants, marketing offices, and other facilities. Hindustan's products are primarily sold throughout India. The business is divided into downstream and other operations, with downstream activities generating the most revenue.

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