Shalimar Paints (BOM:509874) Days Payable : 82.96 (As of Dec. 2023)

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What is Shalimar Paints Days Payable?

Shalimar Paints's average Accounts Payable for the three months ended in Dec. 2023 was ₹914 Mil. Shalimar Paints's Cost of Goods Sold for the three months ended in Dec. 2023 was ₹1,006 Mil. Hence, Shalimar Paints's Days Payable for the three months ended in Dec. 2023 was 82.96.

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

BOM:509874' s Days Payable Range Over the Past 10 Years
Min: 83.86 Med: 179.69 Max: 234.07
Current: 83.86

During the past 13 years, Shalimar Paints's highest Days Payable was 234.07. The lowest was 83.86. And the median was 179.69.

BOM:509874's Days Payable is ranked better than
67.75% of 1504 companies
in the Chemicals industry
Industry Median: 60.16 vs BOM:509874: 83.86

Shalimar Paints's Days Payable increased from Dec. 2022 (64.69) to Dec. 2023 (82.96). It may suggest that Shalimar Paints delayed paying its suppliers.

Shalimar Paints Days Payable Historical Data

The historical data trend for Shalimar Paints'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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Shalimar Paints Days Payable Chart

Shalimar Paints Annual Data

Trend

Mar14

Mar15

Mar16

Mar17

Mar18

Mar19

Mar20

Mar21

Mar22

Mar23

Days Payable

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193.92

149.88

169.49

148.05

105.44

Shalimar Paints 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															64.69	92.91	106.32	91.97	82.96

Competitive Comparison of Shalimar Paints's Days Payable

For the Specialty Chemicals subindustry, Shalimar Paints'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.

Shalimar Paints's Days Payable Distribution in the Chemicals Industry

For the Chemicals industry and Basic Materials sector, Shalimar Paints's Days Payable distribution charts can be found below:

* The bar in red indicates where Shalimar Paints's Days Payable falls into.

Shalimar Paints 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.

Shalimar Paints'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
=	( (1059.988	+	1000.2)	/	2 )	/	3566	*	365
=	1030.094					/	3566	*	365
=	105.44

Shalimar Paints'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
=	( (914.3	+	0)	/	1 )	/	1005.7	*	365 / 4
=	914.3					/	1005.7	*	365 / 4
=	82.96

Shalimar Paints Days Payable Related Terms

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Shalimar Paints (BOM:509874) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Basic Materials » Chemicals » Shalimar Paints Ltd (BOM:509874) » Definitions » Days Payable

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SHALPAINTS:India

Address

Sector 32, 1st Floor, Plot No. 28, Gurugram, HR, IND, 122001

Website

https://www.shalimarpaints.com

Shalimar Paints Ltd is an Indian based firm that engaged in the manufacturing and distribution of Paints, Varnishes, Enamels, and Lacquers products. The company operates into one segment that is Paints. Its product offerings comprise Interior walls paint, Exterior walls paint, Metal surfaces, Wooden surfaces, distempers, primers, putty, Heavy-duty protective coating, GI coating, packaging coating, and Marine coatings, and cement-based products.

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