Swarnsarita Jewels India (BOM:526365) Days Payable : 6.63 (As of Dec. 2023)

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What is Swarnsarita Jewels India Days Payable?

Swarnsarita Jewels India's average Accounts Payable for the three months ended in Dec. 2023 was ₹144 Mil. Swarnsarita Jewels India's Cost of Goods Sold for the three months ended in Dec. 2023 was ₹1,985 Mil. Hence, Swarnsarita Jewels India's Days Payable for the three months ended in Dec. 2023 was 6.63.

The historical rank and industry rank for Swarnsarita Jewels India's Days Payable or its related term are showing as below:

BOM:526365' s Days Payable Range Over the Past 10 Years
Min: 0.88 Med: 2.31 Max: 42.63
Current: 7.86

During the past 13 years, Swarnsarita Jewels India's highest Days Payable was 42.63. The lowest was 0.88. And the median was 2.31.

BOM:526365's Days Payable is ranked worse than
94.17% of 1080 companies
in the Retail - Cyclical industry
Industry Median: 56.675 vs BOM:526365: 7.86

Swarnsarita Jewels India's Days Payable declined from Dec. 2022 (10.49) to Dec. 2023 (6.63). It may suggest that Swarnsarita Jewels India accelerated paying its suppliers.

Swarnsarita Jewels India Days Payable Historical Data

The historical data trend for Swarnsarita Jewels India'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.

* Premium members only.

Swarnsarita Jewels India Days Payable Chart

Swarnsarita Jewels India Annual Data

Trend

Mar14

Mar15

Mar16

Mar17

Mar18

Mar19

Mar20

Mar21

Mar22

Mar23

Days Payable

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2.24

2.08

1.22

0.88

2.29

Swarnsarita Jewels India 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															10.49	4.97	3.92	6.67	6.63

Competitive Comparison of Swarnsarita Jewels India's Days Payable

For the Luxury Goods subindustry, Swarnsarita Jewels India'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.

Swarnsarita Jewels India's Days Payable Distribution in the Retail - Cyclical Industry

For the Retail - Cyclical industry and Consumer Cyclical sector, Swarnsarita Jewels India's Days Payable distribution charts can be found below:

* The bar in red indicates where Swarnsarita Jewels India's Days Payable falls into.

Swarnsarita Jewels India 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.

Swarnsarita Jewels India'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
=	( (24.665	+	77.98)	/	2 )	/	8166.783	*	365
=	51.3225					/	8166.783	*	365
=	2.29

Swarnsarita Jewels India'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
=	( (144.269	+	0)	/	1 )	/	1985.102	*	365 / 4
=	144.269					/	1985.102	*	365 / 4
=	6.63

Swarnsarita Jewels India Days Payable Related Terms

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Swarnsarita Jewels India (BOM:526365) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Consumer Cyclical » Retail - Cyclical » Swarnsarita Jewels India Ltd (BOM:526365) » Definitions » Days Payable

Traded in Other Exchanges

N/A

Address

Office No. 24, 3-7 Dhanji Street, Navnidan Bhuvan, 2nd Floor, Mumbai, MH, IND, 400003

Website

https://www.swarnsarita.com

Swarnsarita Jewels India Ltd is principally engaged in manufacturing, exports-imports, wholesale and retail marketing of high-end Gold Jewellery and Diamond Jewellery. The company operates through multiple regions across India. Most of its revenue is earned from the Indian market, while it also has a presence in various abroad countries. It operates in one segment Diamond studded Jewellery.

Swarnsarita Jewels India (BOM:526365) Headlines

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