Shree Rama Newsprint (BOM:500356) Days Payable : 89.71 (As of Dec. 2023)

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What is Shree Rama Newsprint Days Payable?

Shree Rama Newsprint's average Accounts Payable for the three months ended in Dec. 2023 was ₹67.3 Mil. Shree Rama Newsprint's Cost of Goods Sold for the three months ended in Dec. 2023 was ₹68.5 Mil. Hence, Shree Rama Newsprint's Days Payable for the three months ended in Dec. 2023 was 89.71.

The historical rank and industry rank for Shree Rama Newsprint's Days Payable or its related term are showing as below:

BOM:500356' s Days Payable Range Over the Past 10 Years
Min: 83.05 Med: 147.29 Max: 1203.11
Current: 178.29

During the past 13 years, Shree Rama Newsprint's highest Days Payable was 1203.11. The lowest was 83.05. And the median was 147.29.

BOM:500356's Days Payable is ranked better than
93.59% of 281 companies
in the Forest Products industry
Industry Median: 56.64 vs BOM:500356: 178.29

Shree Rama Newsprint's Days Payable declined from Dec. 2022 (322.02) to Dec. 2023 (89.71). It may suggest that Shree Rama Newsprint accelerated paying its suppliers.

Shree Rama Newsprint Days Payable Historical Data

The historical data trend for Shree Rama Newsprint'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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Shree Rama Newsprint Days Payable Chart

Shree Rama Newsprint Annual Data

Trend

Mar14

Mar15

Mar16

Mar17

Mar18

Mar19

Mar20

Mar21

Mar22

Mar23

Days Payable

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83.05

103.88

142.20

1,203.11

362.74

Shree Rama Newsprint 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															322.02	71.35	97.71	114.85	89.71

Competitive Comparison of Shree Rama Newsprint's Days Payable

For the Paper & Paper Products subindustry, Shree Rama Newsprint'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.

Shree Rama Newsprint's Days Payable Distribution in the Forest Products Industry

For the Forest Products industry and Basic Materials sector, Shree Rama Newsprint's Days Payable distribution charts can be found below:

* The bar in red indicates where Shree Rama Newsprint's Days Payable falls into.

Shree Rama Newsprint 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.

Shree Rama Newsprint'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
=	( (491.604	+	68.106)	/	2 )	/	281.595	*	365
=	279.855					/	281.595	*	365
=	362.74

Shree Rama Newsprint'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
=	( (67.323	+	0)	/	1 )	/	68.477	*	365 / 4
=	67.323					/	68.477	*	365 / 4
=	89.71

Shree Rama Newsprint Days Payable Related Terms

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Shree Rama Newsprint (BOM:500356) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Basic Materials » Forest Products » Shree Rama Newsprint Ltd (BOM:500356) » Definitions » Days Payable

Traded in Other Exchanges

RAMANEWS:India

Address

Ambli - Bopal Road, 10, Abhishree Corporate Park, Ambli, Near Swagat Bunglows BRTS Bus Stand, Ahmedabad, GJ, IND, 380 058

Website

https://ramanewsprint.com

Shree Rama Newsprint Ltd is engaged in manufacturing and dealing in Newsprint, Writing, and Printing Paper. Its operating segment includes Paper and Packaged Water Bottle. The company generates maximum revenue from Paper segment.

Shree Rama Newsprint (BOM:500356) Headlines

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