Ashapuri Gold Ornament (BOM:542579) Days Payable : 0.36 (As of Mar. 2024)

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What is Ashapuri Gold Ornament Days Payable?

Ashapuri Gold Ornament's average Accounts Payable for the three months ended in Mar. 2024 was ₹2 Mil. Ashapuri Gold Ornament's Cost of Goods Sold for the three months ended in Mar. 2024 was ₹442 Mil. Hence, Ashapuri Gold Ornament's Days Payable for the three months ended in Mar. 2024 was 0.36.

The historical rank and industry rank for Ashapuri Gold Ornament's Days Payable or its related term are showing as below:

BOM:542579' s Days Payable Range Over the Past 10 Years
Min: 0.28 Med: 2.97 Max: 27.32
Current: 0.55

During the past 9 years, Ashapuri Gold Ornament's highest Days Payable was 27.32. The lowest was 0.28. And the median was 2.97.

BOM:542579's Days Payable is ranked worse than
99.72% of 1080 companies
in the Retail - Cyclical industry
Industry Median: 56.675 vs BOM:542579: 0.55

Ashapuri Gold Ornament's Days Payable declined from Mar. 2023 (0.74) to Mar. 2024 (0.36). It may suggest that Ashapuri Gold Ornament accelerated paying its suppliers.

Ashapuri Gold Ornament Days Payable Historical Data

The historical data trend for Ashapuri Gold Ornament'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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Ashapuri Gold Ornament Days Payable Chart

Ashapuri Gold Ornament Annual Data

Trend

Mar16

Mar17

Mar18

Mar19

Mar20

Mar21

Mar22

Mar23

Mar24

Days Payable

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2.97

1.59

0.28

0.44

0.51

Ashapuri Gold Ornament Quarterly Data
	Mar18	Nov18	Mar19	Sep19	Mar20	Sep20	Dec20	Mar21	Jun21	Sep21	Dec21	Mar22	Jun22	Sep22	Dec22	Mar23	Jun23	Sep23	Dec23	Mar24
Days Payable	Get a 7-Day Free Trial															0.74	1.21	0.58	0.51	0.36

Competitive Comparison of Ashapuri Gold Ornament's Days Payable

For the Luxury Goods subindustry, Ashapuri Gold Ornament'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.

Ashapuri Gold Ornament's Days Payable Distribution in the Retail - Cyclical Industry

For the Retail - Cyclical industry and Consumer Cyclical sector, Ashapuri Gold Ornament's Days Payable distribution charts can be found below:

* The bar in red indicates where Ashapuri Gold Ornament's Days Payable falls into.

Ashapuri Gold Ornament 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.

Ashapuri Gold Ornament's Days Payable for the fiscal year that ended in Mar. 2024 is calculated as

	Days Payable (A: Mar. 2024 )
=	Average Accounts Payable					/	Cost of Goods Sold	*	Days in Period
=	( (Accounts Payable (A: Mar. 2023 )	+	Accounts Payable (A: Mar. 2024 ))	/	count )	/	Cost of Goods Sold (A: Mar. 2024 )	*	Days in Period
=	( (2.259	+	1.769)	/	2 )	/	1452.701	*	365
=	2.014					/	1452.701	*	365
=	0.51

Ashapuri Gold Ornament's Days Payable for the quarter that ended in Mar. 2024 is calculated as:

	Days Payable (Q: Mar. 2024 )
=	Average Accounts Payable					/	Cost of Goods Sold	*	Days in Period
=	( (Accounts Payable (Q: Dec. 2023 )	+	Accounts Payable (Q: Mar. 2024 ))	/	count )	/	Cost of Goods Sold (Q: Mar. 2024 )	*	Days in Period
=	( (0	+	1.769)	/	1 )	/	442.348	*	365 / 4
=	1.769					/	442.348	*	365 / 4
=	0.36

Ashapuri Gold Ornament Days Payable Related Terms

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Ashapuri Gold Ornament (BOM:542579) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Consumer Cyclical » Retail - Cyclical » Ashapuri Gold Ornament Ltd (BOM:542579) » Definitions » Days Payable

Traded in Other Exchanges

N/A

Address

C.G. Road, 109 to 112A, 1st Floor Supermall, Near Lal Bunglow, Ahmedabad, GJ, IND, 380009

Website

https://www.ashapurigold.com

Ashapuri Gold Ornament Ltd Is a manufacturer and wholesaler of gold jewellery. It offers a wide range of jewellery products in 22-carat gold ornaments such as Choker Set, Toda Set, Long Set, Pota Jewellery, Saloya, and Bracelet. In addition, it also offers Temple Collection, Moti Set, BikaneriMeena and RaniHaar.

Ashapuri Gold Ornament (BOM:542579) Headlines

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