Torrent Pharmaceuticals (NSE:TORNTPHARM) Days Payable : 217.46 (As of Dec. 2023)

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What is Torrent Pharmaceuticals Days Payable?

Torrent Pharmaceuticals's average Accounts Payable for the three months ended in Dec. 2023 was ₹16,610 Mil. Torrent Pharmaceuticals's Cost of Goods Sold for the three months ended in Dec. 2023 was ₹6,970 Mil. Hence, Torrent Pharmaceuticals's Days Payable for the three months ended in Dec. 2023 was 217.46.

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

NSE:TORNTPHARM' s Days Payable Range Over the Past 10 Years
Min: 209.03 Med: 348.09 Max: 452.32
Current: 209.03

During the past 13 years, Torrent Pharmaceuticals's highest Days Payable was 452.32. The lowest was 209.03. And the median was 348.09.

NSE:TORNTPHARM's Days Payable is ranked better than
83.95% of 978 companies
in the Drug Manufacturers industry
Industry Median: 86.975 vs NSE:TORNTPHARM: 209.03

Torrent Pharmaceuticals's Days Payable increased from Dec. 2022 (184.63) to Dec. 2023 (217.46). It may suggest that Torrent Pharmaceuticals delayed paying its suppliers.

Torrent Pharmaceuticals Days Payable Historical Data

The historical data trend for Torrent Pharmaceuticals'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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Torrent Pharmaceuticals Days Payable Chart

Torrent Pharmaceuticals Annual Data

Trend

Mar14

Mar15

Mar16

Mar17

Mar18

Mar19

Mar20

Mar21

Mar22

Mar23

Days Payable

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325.83

335.87

336.02

269.08

216.42

Torrent Pharmaceuticals 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															184.63	192.28	235.68	229.65	217.46

Competitive Comparison of Torrent Pharmaceuticals's Days Payable

For the Drug Manufacturers - Specialty & Generic subindustry, Torrent Pharmaceuticals'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.

Torrent Pharmaceuticals's Days Payable Distribution in the Drug Manufacturers Industry

For the Drug Manufacturers industry and Healthcare sector, Torrent Pharmaceuticals's Days Payable distribution charts can be found below:

* The bar in red indicates where Torrent Pharmaceuticals's Days Payable falls into.

Torrent Pharmaceuticals 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.

Torrent Pharmaceuticals'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
=	( (16744.4	+	16788)	/	2 )	/	28276.9	*	365
=	16766.2					/	28276.9	*	365
=	216.42

Torrent Pharmaceuticals'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
=	( (16610	+	0)	/	1 )	/	6970	*	365 / 4
=	16610					/	6970	*	365 / 4
=	217.46

Torrent Pharmaceuticals Days Payable Related Terms

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Torrent Pharmaceuticals (NSE:TORNTPHARM) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Healthcare » Drug Manufacturers » Torrent Pharmaceuticals Ltd (NSE:TORNTPHARM) » Definitions » Days Payable

Traded in Other Exchanges

500420:India

Address

Off Ashram Road, Torrent House, Ahmedabad, GJ, IND, 380009

Website

https://www.torrentpharma.com

Torrent Pharmaceuticals Ltd is a drug manufacturing company with a focus on the cardiovascular, central nervous system, and gastrointestinal therapeutic areas. It operates through Generic Formulation Business segments. Geographically, the business activities are carried out across Indian and International markets.

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