Premier Synthetics (BOM:509835) Days Payable : 16.56 (As of Dec. 2023)

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What is Premier Synthetics Days Payable?

Premier Synthetics's average Accounts Payable for the three months ended in Dec. 2023 was ₹16.5 Mil. Premier Synthetics's Cost of Goods Sold for the three months ended in Dec. 2023 was ₹90.7 Mil. Hence, Premier Synthetics's Days Payable for the three months ended in Dec. 2023 was 16.56.

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

BOM:509835' s Days Payable Range Over the Past 10 Years
Min: 7.43 Med: 22.5 Max: 548.9
Current: 8.82

During the past 13 years, Premier Synthetics's highest Days Payable was 548.90. The lowest was 7.43. And the median was 22.50.

BOM:509835's Days Payable is ranked worse than
95.1% of 1021 companies
in the Manufacturing - Apparel & Accessories industry
Industry Median: 56.44 vs BOM:509835: 8.82

Premier Synthetics's Days Payable increased from Dec. 2022 (8.84) to Dec. 2023 (16.56). It may suggest that Premier Synthetics delayed paying its suppliers.

Premier Synthetics Days Payable Historical Data

The historical data trend for Premier Synthetics'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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Premier Synthetics Days Payable Chart

Premier Synthetics Annual Data

Trend

Mar14

Mar15

Mar16

Mar17

Mar18

Mar19

Mar20

Mar21

Mar22

Mar23

Days Payable

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17.96

16.13

22.98

7.43

8.30

Premier Synthetics 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															8.84	7.76	6.53	8.79	16.56

Competitive Comparison of Premier Synthetics's Days Payable

For the Textile Manufacturing subindustry, Premier Synthetics'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.

Premier Synthetics's Days Payable Distribution in the Manufacturing - Apparel & Accessories Industry

For the Manufacturing - Apparel & Accessories industry and Consumer Cyclical sector, Premier Synthetics's Days Payable distribution charts can be found below:

* The bar in red indicates where Premier Synthetics's Days Payable falls into.

Premier Synthetics 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.

Premier Synthetics'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
=	( (10.538	+	9.872)	/	2 )	/	448.615	*	365
=	10.205					/	448.615	*	365
=	8.30

Premier Synthetics'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
=	( (16.457	+	0)	/	1 )	/	90.692	*	365 / 4
=	16.457					/	90.692	*	365 / 4
=	16.56

Premier Synthetics Days Payable Related Terms

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Premier Synthetics (BOM:509835) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Consumer Cyclical » Manufacturing - Apparel & Accessories » Premier Synthetics Ltd (BOM:509835) » Definitions » Days Payable

Traded in Other Exchanges

N/A

Address

Swastik X Road, Navrangpura, Surana House, Behind Klassic Chambers, Opposite Narnarayan Complex, Ahmedabad, GJ, IND, 380009

Website

https://www.premiersyntheticsltd.com

Premier Synthetics Ltd is an India-based company engaged in the business of manufacturing Cotton Yarn. It is used in the denim and towel industries.

Premier Synthetics (BOM:509835) Headlines

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