Ramasigns Industries (BOM:515127) Days Payable : 1,378.65 (As of Dec. 2023)

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What is Ramasigns Industries Days Payable?

Ramasigns Industries's average Accounts Payable for the three months ended in Dec. 2023 was ₹194.9 Mil. Ramasigns Industries's Cost of Goods Sold for the three months ended in Dec. 2023 was ₹12.9 Mil. Hence, Ramasigns Industries's Days Payable for the three months ended in Dec. 2023 was 1,378.65.

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

BOM:515127' s Days Payable Range Over the Past 10 Years
Min: 143.61 Med: 221.8 Max: 723.27
Current: 723.27

During the past 13 years, Ramasigns Industries's highest Days Payable was 723.27. The lowest was 143.61. And the median was 221.80.

BOM:515127's Days Payable is ranked better than
99.07% of 1505 companies
in the Chemicals industry
Industry Median: 61 vs BOM:515127: 723.27

Ramasigns Industries's Days Payable increased from Dec. 2022 (535.73) to Dec. 2023 (1,378.65). It may suggest that Ramasigns Industries delayed paying its suppliers.

Ramasigns Industries Days Payable Historical Data

The historical data trend for Ramasigns Industries'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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Ramasigns Industries Days Payable Chart

Ramasigns Industries Annual Data

Trend

Mar14

Mar15

Mar16

Mar17

Mar18

Mar19

Mar20

Mar21

Mar22

Mar23

Days Payable

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170.54

221.80

546.82

375.38

428.84

Ramasigns Industries 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															535.73	463.47	666.54	709.26	1,378.65

Competitive Comparison of Ramasigns Industries's Days Payable

For the Specialty Chemicals subindustry, Ramasigns Industries'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.

Ramasigns Industries's Days Payable Distribution in the Chemicals Industry

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

* The bar in red indicates where Ramasigns Industries's Days Payable falls into.

Ramasigns Industries 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.

Ramasigns Industries'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
=	( (257.908	+	208.157)	/	2 )	/	198.342	*	365
=	233.0325					/	198.342	*	365
=	428.84

Ramasigns Industries'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
=	( (194.854	+	0)	/	1 )	/	12.897	*	365 / 4
=	194.854					/	12.897	*	365 / 4
=	1,378.65

Ramasigns Industries Days Payable Related Terms

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Ramasigns Industries (BOM:515127) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Basic Materials » Chemicals » Ramasigns Industries Ltd (BOM:515127) » Definitions » Days Payable

Comparable Companies

Traded in Other Exchanges

N/A

Address

Walbhat Road, Vimala Bhavan, Unit No. 3, Ground Floor, Sharma Industrial Estate, Goregaon (East), Mumbai, MH, IND, 400063

Website

https://www.ramasigns.in

Ramasigns Industries Ltd is a specialty chemical company. It is engaged in the trading of printing consumables such as flex, vinyl, sunboard, etc. Its only operating segment is Printing Consumables. Its product line consists of Billboards and Banners, Self-Adhesive Vinyl, PVC Foam Board and Celuka Board, Over Laminates and Protection Films, Eco-friendly Billboard Fabrics, Custom Wall Coverings and Canvases, Fluted Polypropylene Boards, Extruded Acrylic Sheets, Display Products, and Eco-Solvent Media.

Ramasigns Industries (BOM:515127) Headlines

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