Rico Auto Industries (NSE:RICOAUTO) Days Payable : 94.72 (As of Dec. 2023)

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What is Rico Auto Industries Days Payable?

Rico Auto Industries's average Accounts Payable for the three months ended in Dec. 2023 was ₹3,773 Mil. Rico Auto Industries's Cost of Goods Sold for the three months ended in Dec. 2023 was ₹3,634 Mil. Hence, Rico Auto Industries's Days Payable for the three months ended in Dec. 2023 was 94.72.

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

NSE:RICOAUTO' s Days Payable Range Over the Past 10 Years
Min: 9.01 Med: 88.36 Max: 115.43
Current: 100.74

During the past 13 years, Rico Auto Industries's highest Days Payable was 115.43. The lowest was 9.01. And the median was 88.36.

NSE:RICOAUTO's Days Payable is ranked better than
72.3% of 1260 companies
in the Vehicles & Parts industry
Industry Median: 66.48 vs NSE:RICOAUTO: 100.74

Rico Auto Industries's Days Payable declined from Dec. 2022 (127.22) to Dec. 2023 (94.72). It may suggest that Rico Auto Industries accelerated paying its suppliers.

Rico Auto Industries Days Payable Historical Data

The historical data trend for Rico Auto 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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Rico Auto Industries Days Payable Chart

Rico Auto Industries Annual Data

Trend

Mar14

Mar15

Mar16

Mar17

Mar18

Mar19

Mar20

Mar21

Mar22

Mar23

Days Payable

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64.44

88.63

113.38

115.43

93.47

Rico Auto 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															127.22	82.90	94.64	87.71	94.72

Competitive Comparison of Rico Auto Industries's Days Payable

For the Auto Parts subindustry, Rico Auto 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.

Rico Auto Industries's Days Payable Distribution in the Vehicles & Parts Industry

For the Vehicles & Parts industry and Consumer Cyclical sector, Rico Auto Industries's Days Payable distribution charts can be found below:

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

Rico Auto 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.

Rico Auto 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
=	( (4476.5	+	3864.6)	/	2 )	/	16285.3	*	365
=	4170.55					/	16285.3	*	365
=	93.47

Rico Auto 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
=	( (3772.5	+	0)	/	1 )	/	3634.2	*	365 / 4
=	3772.5					/	3634.2	*	365 / 4
=	94.72

Rico Auto Industries Days Payable Related Terms

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

Rico Auto Industries (NSE:RICOAUTO) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Consumer Cyclical » Vehicles & Parts » Rico Auto Industries Ltd (NSE:RICOAUTO) » Definitions » Days Payable

Comparable Companies

Traded in Other Exchanges

520008:India

Address

Delhi - Jaipur Highway, 38 KM Stone, Gurugram, HR, IND, 122001

Website

https://www.ricoauto.com

Rico Auto Industries Ltd is an established and reputed engineering group sharply focused on the automobile industry. The primary activity of the group includes the manufacturing and sale of auto components for two-wheelers and four-wheelers to original equipment manufacturers. In addition, the company also provides integrated services such as design, development, tooling, casting, machining, and assembly of ferrous and aluminum products. The company generates the majority of its revenue from India.

Rico Auto Industries (NSE:RICOAUTO) Headlines

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