Bright Solar (NSE:BRIGHT) Days Payable : 220.01 (As of Sep. 2022)

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What is Bright Solar Days Payable?

Bright Solar's average Accounts Payable for the six months ended in Sep. 2022 was ₹47.1 Mil. Bright Solar's Cost of Goods Sold for the six months ended in Sep. 2022 was ₹39.1 Mil. Hence, Bright Solar's Days Payable for the six months ended in Sep. 2022 was 220.01.

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

NSE:BRIGHT's Days Payable is not ranked ^*
in the Semiconductors industry.
Industry Median: 51.78
* Ranked among companies with meaningful Days Payable only.

Bright Solar's Days Payable increased from Sep. 2021 (209.83) to Sep. 2022 (220.01). It may suggest that Bright Solar delayed paying its suppliers.

Bright Solar Days Payable Historical Data

The historical data trend for Bright Solar'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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Bright Solar Days Payable Chart

Bright Solar Annual Data

Trend

Mar13

Mar14

Mar15

Mar16

Mar17

Mar18

Mar19

Mar20

Mar21

Mar22

Days Payable

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130.27

70.36

197.08

118.50

99.58

Bright Solar Semi-Annual Data
	Mar13	Mar14	Mar15	Mar16	Mar17	Mar18	Sep18	Mar19	Sep19	Mar20	Sep20	Mar21	Sep21	Mar22	Sep22
Days Payable	Get a 7-Day Free Trial										110.72	95.67	209.83	60.70	220.01

Competitive Comparison of Bright Solar's Days Payable

For the Solar subindustry, Bright Solar'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.

Bright Solar's Days Payable Distribution in the Semiconductors Industry

For the Semiconductors industry and Technology sector, Bright Solar's Days Payable distribution charts can be found below:

* The bar in red indicates where Bright Solar's Days Payable falls into.

Bright Solar 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.

Bright Solar's Days Payable for the fiscal year that ended in Mar. 2022 is calculated as

	Days Payable (A: Mar. 2022 )
=	Average Accounts Payable					/	Cost of Goods Sold	*	Days in Period
=	( (Accounts Payable (A: Mar. 2021 )	+	Accounts Payable (A: Mar. 2022 ))	/	count )	/	Cost of Goods Sold (A: Mar. 2022 )	*	Days in Period
=	( (42.753	+	27.754)	/	2 )	/	129.212	*	365
=	35.2535					/	129.212	*	365
=	99.58

Bright Solar's Days Payable for the quarter that ended in Sep. 2022 is calculated as:

	Days Payable (Q: Sep. 2022 )
=	Average Accounts Payable					/	Cost of Goods Sold	*	Days in Period
=	( (Accounts Payable (Q: Mar. 2022 )	+	Accounts Payable (Q: Sep. 2022 ))	/	count )	/	Cost of Goods Sold (Q: Sep. 2022 )	*	Days in Period
=	( (27.754	+	66.533)	/	2 )	/	39.106	*	365 / 2
=	47.1435					/	39.106	*	365 / 2
=	220.01

Bright Solar Days Payable Related Terms

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

Bright Solar (NSE:BRIGHT) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Technology » Semiconductors » Bright Solar Ltd (NSE:BRIGHT) » Definitions » Days Payable

Comparable Companies

Traded in Other Exchanges

N/A

Address

Thaltej Cross Road, S.G. Highway, C-602, Titanium Square, Thaltej, Ahmedabad, GJ, IND, 380059

Website

https://www.brightsolarltd.com

Bright Solar Ltd is engaged in assembling of DC/AC Solar Pumps and Solar Pump Systems. It is also engaged in Engineering, Procurement, and Construction (EPC) contracts for Solar Photovoltaic Water pumps which include supplying, installing, and commissioning the pump system along with a comprehensive maintenance contract. Its product offerings include solar water pumping systems, DC solar pumps, AC solar pumps, bright solar marts, and others. The operating segments of the company are Solar Water Pumping and Other Solar System; Installation of Systems and Consulting of Project Tendering and Infrastructure, and FMCG Sales. The company generates the majority of its revenue from Solar Water Pumping and other system sales.

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