Prime Fresh (BOM:540404) Days Payable : 12.77 (As of Sep. 2023)

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What is Prime Fresh Days Payable?

Prime Fresh's average Accounts Payable for the six months ended in Sep. 2023 was ₹33 Mil. Prime Fresh's Cost of Goods Sold for the six months ended in Sep. 2023 was ₹471 Mil. Hence, Prime Fresh's Days Payable for the six months ended in Sep. 2023 was 12.77.

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

BOM:540404' s Days Payable Range Over the Past 10 Years
Min: 10.88 Med: 19.52 Max: 56.33
Current: 10.88

During the past 12 years, Prime Fresh's highest Days Payable was 56.33. The lowest was 10.88. And the median was 19.52.

BOM:540404's Days Payable is ranked worse than
95.47% of 309 companies
in the Retail - Defensive industry
Industry Median: 43.96 vs BOM:540404: 10.88

Prime Fresh's Days Payable declined from Sep. 2022 (12.87) to Sep. 2023 (12.77). It may suggest that Prime Fresh accelerated paying its suppliers.

Prime Fresh Days Payable Historical Data

The historical data trend for Prime Fresh'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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Prime Fresh Days Payable Chart

Prime Fresh Annual Data

Trend

Mar14

Mar15

Mar16

Mar17

Mar18

Mar19

Mar20

Mar21

Mar22

Mar23

Days Payable

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34.85

56.33

35.03

12.05

13.86

Prime Fresh Semi-Annual Data
	Mar12	Mar13	Mar14	Mar15	Mar16	Sep16	Mar17	Mar18	Sep18	Mar19	Sep19	Mar20	Sep20	Mar21	Sep21	Mar22	Sep22	Mar23	Sep23
Days Payable	Get a 7-Day Free Trial														11.56	10.88	12.87	9.85	12.77

Competitive Comparison of Prime Fresh's Days Payable

For the Food Distribution subindustry, Prime Fresh'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.

Prime Fresh's Days Payable Distribution in the Retail - Defensive Industry

For the Retail - Defensive industry and Consumer Defensive sector, Prime Fresh's Days Payable distribution charts can be found below:

* The bar in red indicates where Prime Fresh's Days Payable falls into.

Prime Fresh 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.

Prime Fresh'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
=	( (26.293	+	32.361)	/	2 )	/	772.264	*	365
=	29.327					/	772.264	*	365
=	13.86

Prime Fresh's Days Payable for the quarter that ended in Sep. 2023 is calculated as:

	Days Payable (Q: Sep. 2023 )
=	Average Accounts Payable					/	Cost of Goods Sold	*	Days in Period
=	( (Accounts Payable (Q: Mar. 2023 )	+	Accounts Payable (Q: Sep. 2023 ))	/	count )	/	Cost of Goods Sold (Q: Sep. 2023 )	*	Days in Period
=	( (32.361	+	33.522)	/	2 )	/	470.82	*	365 / 2
=	32.9415					/	470.82	*	365 / 2
=	12.77

Prime Fresh Days Payable Related Terms

Thank you for viewing the detailed overview of Prime Fresh's Days Payable provided by GuruFocus.com. Please click on the following links to see related term pages.

Prime Fresh (BOM:540404) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Consumer Defensive » Retail - Defensive » Prime Fresh Ltd (BOM:540404) » Definitions » Days Payable

Comparable Companies

Traded in Other Exchanges

N/A

Address

102, Sanskar - 2, Polytechnic Road, Near Ketav Petrol Pump, Ambawadi, Ahmedabad, GJ, IND, 380015

Website

http://www.primefreshlimited.com

Prime Fresh Ltd is an integrated Agri value chain institution in the domestic and international agricultural trade. The company is engaged in the procurement and distribution of Fruits and Vegetables. It focuses on sourcing, handling, grading, sorting, warehousing, packing, ripening, branding, warehousing, delivery of fruits and vegetables and manpower management. The group sells its products in India and also exports it to other countries, of which a majority of revenue is derived from the sales made in India.

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