Riga Sugar Co (BOM:507508) Days Payable : 11,932.95 (As of Mar. 2022)

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What is Riga Sugar Co Days Payable?

Riga Sugar Co's average Accounts Payable for the three months ended in Mar. 2022 was ₹573.04 Mil. Riga Sugar Co's Cost of Goods Sold for the three months ended in Mar. 2022 was ₹4.38 Mil. Hence, Riga Sugar Co's Days Payable for the three months ended in Mar. 2022 was 11,932.95.

The historical rank and industry rank for Riga Sugar Co's Days Payable or its related term are showing as below:

BOM:507508's Days Payable is not ranked ^*
in the Consumer Packaged Goods industry.
Industry Median: 46.18
* Ranked among companies with meaningful Days Payable only.

Riga Sugar Co's Days Payable increased from Mar. 2021 (0.00) to Mar. 2022 (11,932.95). It may suggest that Riga Sugar Co delayed paying its suppliers.

Riga Sugar Co Days Payable Historical Data

The historical data trend for Riga Sugar Co'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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Riga Sugar Co Days Payable Chart

Riga Sugar Co Annual Data

Trend

Mar13

Mar14

Mar15

Mar16

Mar17

Mar18

Mar19

Mar20

Mar21

Mar22

Days Payable

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583.83

361.08

417.44

670.19

14,083.16

Riga Sugar Co Quarterly Data
	Jun17	Sep17	Dec17	Mar18	Jun18	Sep18	Dec18	Mar19	Jun19	Sep19	Dec19	Mar20	Jun20	Sep20	Dec20	Mar21	Jun21	Sep21	Dec21	Mar22
Days Payable	Get a 7-Day Free Trial															-	19,712.25	8,410.99	3,143,786.71	11,932.95

Competitive Comparison of Riga Sugar Co's Days Payable

For the Confectioners subindustry, Riga Sugar Co'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.

Riga Sugar Co's Days Payable Distribution in the Consumer Packaged Goods Industry

For the Consumer Packaged Goods industry and Consumer Defensive sector, Riga Sugar Co's Days Payable distribution charts can be found below:

* The bar in red indicates where Riga Sugar Co's Days Payable falls into.

Riga Sugar Co 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.

Riga Sugar Co'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
=	( (1209.306	+	573.043)	/	2 )	/	23.097	*	365
=	891.1745					/	23.097	*	365
=	14,083.16

Riga Sugar Co's Days Payable for the quarter that ended in Mar. 2022 is calculated as:

	Days Payable (Q: Mar. 2022 )
=	Average Accounts Payable					/	Cost of Goods Sold	*	Days in Period
=	( (Accounts Payable (Q: Dec. 2021 )	+	Accounts Payable (Q: Mar. 2022 ))	/	count )	/	Cost of Goods Sold (Q: Mar. 2022 )	*	Days in Period
=	( (0	+	573.043)	/	1 )	/	4.382	*	365 / 4
=	573.043					/	4.382	*	365 / 4
=	11,932.95

Riga Sugar Co Days Payable Related Terms

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Riga Sugar Co (BOM:507508) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Consumer Defensive » Consumer Packaged Goods » Riga Sugar Co Ltd (BOM:507508) » Definitions » Days Payable

Comparable Companies

Traded in Other Exchanges

N/A

Address

14, Netaji Subhas Road, 2nd Floor, Kolkata, WB, IND, 700 001

Website

https://www.rigasugar.com

Riga Sugar Co Ltd is an integrated sugar company. The company's operating segment includes Sugar and Distillery. It generates maximum revenue from the Sugar segment. The company's product includes sugar; molasses; bagasses; ethanol; and fertiliser.

Riga Sugar Co (BOM:507508) Headlines

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