Sanginita Chemicals (NSE:SANGINITA) Days Payable : 29.81 (As of Sep. 2023)

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What is Sanginita Chemicals Days Payable?

Sanginita Chemicals's average Accounts Payable for the three months ended in Sep. 2023 was ₹101 Mil. Sanginita Chemicals's Cost of Goods Sold for the three months ended in Sep. 2023 was ₹309 Mil. Hence, Sanginita Chemicals's Days Payable for the three months ended in Sep. 2023 was 29.81.

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

NSE:SANGINITA' s Days Payable Range Over the Past 10 Years
Min: 4.45 Med: 8.29 Max: 22.62
Current: 15.36

During the past 12 years, Sanginita Chemicals's highest Days Payable was 22.62. The lowest was 4.45. And the median was 8.29.

NSE:SANGINITA's Days Payable is ranked worse than
94.15% of 1505 companies
in the Chemicals industry
Industry Median: 60.89 vs NSE:SANGINITA: 15.36

Sanginita Chemicals's Days Payable increased from Sep. 2022 (9.21) to Sep. 2023 (29.81). It may suggest that Sanginita Chemicals delayed paying its suppliers.

Sanginita Chemicals Days Payable Historical Data

The historical data trend for Sanginita Chemicals'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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Sanginita Chemicals Days Payable Chart

Sanginita Chemicals Annual Data

Trend

Mar14

Mar15

Mar16

Mar17

Mar18

Mar19

Mar20

Mar21

Mar22

Mar23

Days Payable

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4.97

8.47

4.45

6.39

13.19

Sanginita Chemicals Quarterly Data
	Dec18	Mar19	Jun19	Sep19	Dec19	Mar20	Jun20	Sep20	Dec20	Mar21	Jun21	Sep21	Dec21	Mar22	Jun22	Sep22	Dec22	Mar23	Jun23	Sep23
Days Payable	Get a 7-Day Free Trial															9.21	8.15	10.68	26.25	29.81

Competitive Comparison of Sanginita Chemicals's Days Payable

For the Chemicals subindustry, Sanginita Chemicals'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.

Sanginita Chemicals's Days Payable Distribution in the Chemicals Industry

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

* The bar in red indicates where Sanginita Chemicals's Days Payable falls into.

Sanginita Chemicals 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.

Sanginita Chemicals'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
=	( (41.487	+	97.179)	/	2 )	/	1918.964	*	365
=	69.333					/	1918.964	*	365
=	13.19

Sanginita Chemicals'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: Jun. 2023 )	+	Accounts Payable (Q: Sep. 2023 ))	/	count )	/	Cost of Goods Sold (Q: Sep. 2023 )	*	Days in Period
=	( (0	+	100.896)	/	1 )	/	308.817	*	365 / 4
=	100.896					/	308.817	*	365 / 4
=	29.81

Sanginita Chemicals Days Payable Related Terms

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Sanginita Chemicals (NSE:SANGINITA) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Basic Materials » Chemicals » Sanginita Chemicals Ltd (NSE:SANGINITA) » Definitions » Days Payable

Traded in Other Exchanges

N/A

Address

Ch-Road, 301, 3rd Floor, Shalin Complex, Behind Megh-Malhar Complex, Sector -11, Gandhinagar, GJ, IND, 382011

Website

http://www.sanginitachemicals.co.in

Sanginita Chemicals Ltd is engaged in the manufacturing of inorganic metal-based chemicals. It offers Cuprous Chloride, Copper Sulphate, Copper Phthalocyanine Blue Crude, and Cupric Chloride. The company's products are widely used in dyes and pigment industries, paint industries, pharmaceuticals industries, electroplating industries, metal extraction industries and ink, Carbon paper, PVC pipe coating industries, and others. In addition, the company also undertakes the production of various other chemical products.

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