Saurashtra Cement (BOM:502175) Days Payable : 68.80 (As of Mar. 2024)

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What is Saurashtra Cement Days Payable?

Saurashtra Cement's average Accounts Payable for the three months ended in Mar. 2024 was ₹2,043 Mil. Saurashtra Cement's Cost of Goods Sold for the three months ended in Mar. 2024 was ₹2,710 Mil. Hence, Saurashtra Cement's Days Payable for the three months ended in Mar. 2024 was 68.80.

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

BOM:502175' s Days Payable Range Over the Past 10 Years
Min: 26.76 Med: 61.64 Max: 267.45
Current: 43.15

During the past 13 years, Saurashtra Cement's highest Days Payable was 267.45. The lowest was 26.76. And the median was 61.64.

BOM:502175's Days Payable is ranked worse than
72.58% of 372 companies
in the Building Materials industry
Industry Median: 66.355 vs BOM:502175: 43.15

Saurashtra Cement's Days Payable increased from Mar. 2023 (32.76) to Mar. 2024 (68.80). It may suggest that Saurashtra Cement delayed paying its suppliers.

Saurashtra Cement Days Payable Historical Data

The historical data trend for Saurashtra Cement'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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Saurashtra Cement Days Payable Chart

Saurashtra Cement Annual Data

Trend

Mar15

Mar16

Mar17

Mar18

Mar19

Mar20

Mar21

Mar22

Mar23

Mar24

Days Payable

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89.07

59.29

26.76

31.44

54.05

Saurashtra Cement Quarterly Data
	Jun19	Sep19	Dec19	Mar20	Jun20	Sep20	Dec20	Mar21	Jun21	Sep21	Dec21	Mar22	Jun22	Sep22	Dec22	Mar23	Jun23	Sep23	Dec23	Mar24
Days Payable	Get a 7-Day Free Trial															32.76	34.94	23.29	21.66	68.80

Competitive Comparison of Saurashtra Cement's Days Payable

For the Building Materials subindustry, Saurashtra Cement'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.

Saurashtra Cement's Days Payable Distribution in the Building Materials Industry

For the Building Materials industry and Basic Materials sector, Saurashtra Cement's Days Payable distribution charts can be found below:

* The bar in red indicates where Saurashtra Cement's Days Payable falls into.

Saurashtra Cement 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.

Saurashtra Cement's Days Payable for the fiscal year that ended in Mar. 2024 is calculated as

	Days Payable (A: Mar. 2024 )
=	Average Accounts Payable					/	Cost of Goods Sold	*	Days in Period
=	( (Accounts Payable (A: Mar. 2023 )	+	Accounts Payable (A: Mar. 2024 ))	/	count )	/	Cost of Goods Sold (A: Mar. 2024 )	*	Days in Period
=	( (1074.843	+	2043.215)	/	2 )	/	10528.443	*	365
=	1559.029					/	10528.443	*	365
=	54.05

Saurashtra Cement's Days Payable for the quarter that ended in Mar. 2024 is calculated as:

	Days Payable (Q: Mar. 2024 )
=	Average Accounts Payable					/	Cost of Goods Sold	*	Days in Period
=	( (Accounts Payable (Q: Dec. 2023 )	+	Accounts Payable (Q: Mar. 2024 ))	/	count )	/	Cost of Goods Sold (Q: Mar. 2024 )	*	Days in Period
=	( (0	+	2043.215)	/	1 )	/	2709.99	*	365 / 4
=	2043.215					/	2709.99	*	365 / 4
=	68.80

Saurashtra Cement Days Payable Related Terms

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Saurashtra Cement (BOM:502175) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Basic Materials » Building Materials » Saurashtra Cement Ltd (BOM:502175) » Definitions » Days Payable

Traded in Other Exchanges

SAURASHCEM:India

Address

Babubhai Chinai Marg, N. K. Mehta International House, Agrima Business Centre, 2nd Floor, 178, Backbay Reclamation, Mumbai, MH, IND, 400 020

Website

https://scl.mehtagroup.com

Saurashtra Cement Ltd is a cement and clinker manufacturing company based in India. The company manufactures cement under the brand name HATHI. The firm generates maximum revenue from India. Most of its revenue comes from the sales of the cement product. The Company operates in two reportable segment i.e. manufacture of Cement and Clinker and Paints. The company makes majority of its revenue from Cement and Clinker segment.

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