Sita Enterprises (BOM:512589) Days Payable : 3.00 (As of Dec. 2023)

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What is Sita Enterprises Days Payable?

Sita Enterprises's average Accounts Payable for the three months ended in Dec. 2023 was ₹0.01 Mil. Sita Enterprises's Cost of Goods Sold for the three months ended in Dec. 2023 was ₹0.27 Mil. Hence, Sita Enterprises's Days Payable for the three months ended in Dec. 2023 was 3.00.

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

BOM:512589' s Days Payable Range Over the Past 10 Years
Min: 4.23 Med: 12.9 Max: 18.33
Current: 4.23

During the past 13 years, Sita Enterprises's highest Days Payable was 18.33. The lowest was 4.23. And the median was 12.90.

BOM:512589's Days Payable is ranked worse than
90.49% of 284 companies
in the Credit Services industry
Industry Median: 48.93 vs BOM:512589: 4.23

Sita Enterprises's Days Payable declined from Dec. 2022 (3.13) to Dec. 2023 (3.00). It may suggest that Sita Enterprises accelerated paying its suppliers.

Sita Enterprises Days Payable Historical Data

The historical data trend for Sita Enterprises'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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Sita Enterprises Days Payable Chart

Sita Enterprises Annual Data

Trend

Mar14

Mar15

Mar16

Mar17

Mar18

Mar19

Mar20

Mar21

Mar22

Mar23

Days Payable

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18.33

15.02

14.57

8.84

8.60

Sita Enterprises 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															3.13	6.98	6.91	3.73	3.00

Competitive Comparison of Sita Enterprises's Days Payable

For the Credit Services subindustry, Sita Enterprises'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.

Sita Enterprises's Days Payable Distribution in the Credit Services Industry

For the Credit Services industry and Financial Services sector, Sita Enterprises's Days Payable distribution charts can be found below:

* The bar in red indicates where Sita Enterprises's Days Payable falls into.

Sita Enterprises 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.

Sita Enterprises'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
=	( (0.019	+	0.014)	/	2 )	/	0.7	*	365
=	0.0165					/	0.7	*	365
=	8.60

Sita Enterprises'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
=	( (0.009	+	0)	/	1 )	/	0.274	*	365 / 4
=	0.009					/	0.274	*	365 / 4
=	3.00

Sita Enterprises Days Payable Related Terms

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Sita Enterprises (BOM:512589) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Financial Services » Credit Services » Sita Enterprises Ltd (BOM:512589) » Definitions » Days Payable

Comparable Companies

Traded in Other Exchanges

N/A

Address

Tardeo Road, 415-416, Arun Chambers, 4th Floor, Mumbai, MH, IND, 400034

Website

https://www.sitaenterprises.com

Sita Enterprises Ltd is a non-banking finance company. It is engaged in the business of investment and finance. The company invests in shares, securities, properties, units of venture capital funds, and other investment instruments. It is also engaged in the lending business and advancing loans to parties. The company has been earning income from interest, dividends, and gains from the disposal of investments.

Sita Enterprises (BOM:512589) Headlines

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