RattanIndia Enterprises (NSE:RTNINDIA) Days Payable : 59.15 (As of Dec. 2023)

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What is RattanIndia Enterprises Days Payable?

RattanIndia Enterprises's average Accounts Payable for the three months ended in Dec. 2023 was ₹9,349 Mil. RattanIndia Enterprises's Cost of Goods Sold for the three months ended in Dec. 2023 was ₹14,421 Mil. Hence, RattanIndia Enterprises's Days Payable for the three months ended in Dec. 2023 was 59.15.

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

NSE:RTNINDIA' s Days Payable Range Over the Past 10 Years
Min: 38.05 Med: 982.95 Max: 1927.85
Current: 76.64

During the past 12 years, RattanIndia Enterprises's highest Days Payable was 1927.85. The lowest was 38.05. And the median was 982.95.

NSE:RTNINDIA's Days Payable is ranked better than
64.07% of 1080 companies
in the Retail - Cyclical industry
Industry Median: 56.77 vs NSE:RTNINDIA: 76.64

RattanIndia Enterprises's Days Payable declined from Dec. 2022 (119.39) to Dec. 2023 (59.15). It may suggest that RattanIndia Enterprises accelerated paying its suppliers.

RattanIndia Enterprises Days Payable Historical Data

The historical data trend for RattanIndia Enterprises'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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RattanIndia Enterprises Days Payable Chart

RattanIndia Enterprises Annual Data

Trend

Mar14

Mar15

Mar16

Mar17

Mar18

Mar19

Mar20

Mar21

Mar22

Mar23

Days Payable

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1,927.85

38.05

RattanIndia Enterprises 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															119.39	67.30	58.87	73.50	59.15

Competitive Comparison of RattanIndia Enterprises's Days Payable

For the Internet Retail subindustry, RattanIndia Enterprises'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.

RattanIndia Enterprises's Days Payable Distribution in the Retail - Cyclical Industry

For the Retail - Cyclical industry and Consumer Cyclical sector, RattanIndia Enterprises's Days Payable distribution charts can be found below:

* The bar in red indicates where RattanIndia Enterprises's Days Payable falls into.

RattanIndia Enterprises 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.

RattanIndia Enterprises'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
=	( (479.11	+	6692.05)	/	2 )	/	34391.31	*	365
=	3585.58					/	34391.31	*	365
=	38.05

RattanIndia Enterprises'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
=	( (9348.76	+	0)	/	1 )	/	14421.48	*	365 / 4
=	9348.76					/	14421.48	*	365 / 4
=	59.15

RattanIndia Enterprises Days Payable Related Terms

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RattanIndia Enterprises (NSE:RTNINDIA) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Consumer Cyclical » Retail - Cyclical » RattanIndia Enterprises Ltd (NSE:RTNINDIA) » Definitions » Days Payable

Comparable Companies

Traded in Other Exchanges

534597:India

Address

Tower-B, Worldmark 1, 5th Floor, Aerocity, New Delhi, IND, 110037

Website

https://www.rattanindia.com

RattanIndia Enterprises Ltd is an investment holding company. The company focuses on businesses such as e-commerce, electric vehicles, fintech, and drones. It generates maximum revenue from the Retail- E-commerce business segment.

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