Kundan Edifice (NSE:KEL) Days Payable : 44.15 (As of Mar. 2023)

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What is Kundan Edifice Days Payable?

Kundan Edifice's average Accounts Payable for the six months ended in Mar. 2023 was ₹52.2 Mil. Kundan Edifice's Cost of Goods Sold for the six months ended in Mar. 2023 was ₹431.4 Mil. Hence, Kundan Edifice's Days Payable for the six months ended in Mar. 2023 was 22.08.

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

NSE:KEL' s Days Payable Range Over the Past 10 Years
Min: 44.15 Med: 78.85 Max: 92.22
Current: 44.15

During the past 2 years, Kundan Edifice's highest Days Payable was 92.22. The lowest was 44.15. And the median was 78.85.

NSE:KEL's Days Payable is ranked worse than
73.48% of 2421 companies
in the Hardware industry
Industry Median: 67.64 vs NSE:KEL: 44.15

Kundan Edifice's Days Payable declined from Mar. 2021 (92.22) to Mar. 2023 (44.15). It may suggest that Kundan Edifice accelerated paying its suppliers.

Kundan Edifice Days Payable Historical Data

The historical data trend for Kundan Edifice'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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Kundan Edifice Days Payable Chart

Kundan Edifice Annual Data

Trend

Mar21

Mar22

Days Payable

92.22

65.47

Kundan Edifice Semi-Annual Data
	Mar21	Mar22	Mar23
Days Payable	92.22	65.47	44.15

Competitive Comparison of Kundan Edifice's Days Payable

For the Electronic Components subindustry, Kundan Edifice'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.

Kundan Edifice's Days Payable Distribution in the Hardware Industry

For the Hardware industry and Technology sector, Kundan Edifice's Days Payable distribution charts can be found below:

* The bar in red indicates where Kundan Edifice's Days Payable falls into.

Kundan Edifice 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.

Kundan Edifice's Days Payable for the fiscal year that ended in Mar. 2022 is calculated as

	Days Payable (A: Mar. 2022 )
=	Average Accounts Payable					/	Cost of Goods Sold	*	Days in Period
=	( (Accounts Payable (A: Mar. 2021 )	+	Accounts Payable (A: Mar. 2022 ))	/	count )	/	Cost of Goods Sold (A: Mar. 2022 )	*	Days in Period
=	( (27.994	+	64.183)	/	2 )	/	256.962	*	365
=	46.0885					/	256.962	*	365
=	65.47

Kundan Edifice'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
=	( (64.183	+	40.181)	/	2 )	/	431.398	*	365 / 2
=	52.182					/	431.398	*	365 / 2
=	22.08

Kundan Edifice Days Payable Related Terms

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Kundan Edifice (NSE:KEL) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Technology » Hardware » Kundan Edifice Ltd (NSE:KEL) » Definitions » Days Payable

Comparable Companies

Traded in Other Exchanges

N/A

Address

Gala A/ B, Ganesh Industrial Estate, behind Burma Shell Petrol Pump, Vasai East, Palghar, MH, IND, 401208

Website

https://www.kundanedifice.com

Kundan Edifice Ltd is a Company engaged in manufacturing, assembly and sale of light emitting diode (LED) strip lights. They provide lighting solutions to some of the key electrical and electronic manufacturing brands in India. The Company has one reportable segment which is business of Manufacture & Selling LED Strip Lights.

Kundan Edifice (NSE:KEL) Headlines

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