Saraswati Commercial (India) (BOM:512020) Days Payable : 38.88 (As of Dec. 2023)

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What is Saraswati Commercial (India) Days Payable?

Saraswati Commercial (India)'s average Accounts Payable for the three months ended in Dec. 2023 was ₹3.0 Mil. Saraswati Commercial (India)'s Cost of Goods Sold for the three months ended in Dec. 2023 was ₹7.1 Mil. Hence, Saraswati Commercial (India)'s Days Payable for the three months ended in Dec. 2023 was 38.88.

The historical rank and industry rank for Saraswati Commercial (India)'s Days Payable or its related term are showing as below:

BOM:512020' s Days Payable Range Over the Past 10 Years
Min: 1.08 Med: 46.74 Max: 194.27
Current: 23.19

During the past 13 years, Saraswati Commercial (India)'s highest Days Payable was 194.27. The lowest was 1.08. And the median was 46.74.

BOM:512020's Days Payable is ranked worse than
77.52% of 467 companies
in the Asset Management industry
Industry Median: 69.15 vs BOM:512020: 23.19

Saraswati Commercial (India)'s Days Payable increased from Dec. 2022 (12.19) to Dec. 2023 (38.88). It may suggest that Saraswati Commercial (India) delayed paying its suppliers.

Saraswati Commercial (India) Days Payable Historical Data

The historical data trend for Saraswati Commercial (India)'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.

* Premium members only.

Saraswati Commercial (India) Days Payable Chart

Saraswati Commercial (India) Annual Data

Trend

Mar14

Mar15

Mar16

Mar17

Mar18

Mar19

Mar20

Mar21

Mar22

Mar23

Days Payable

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1.08

7.23

126.17

103.98

9.17

Saraswati Commercial (India) Quarterly Data
	Mar19	Jun19	Sep19	Dec19	Mar20	Jun20	Sep20	Dec20	Mar21	Jun21	Sep21	Dec21	Mar22	Jun22	Sep22	Dec22	Mar23	Jun23	Sep23	Dec23
Days Payable	Get a 7-Day Free Trial															12.19	8.55	19.46	73.76	38.88

Competitive Comparison of Saraswati Commercial (India)'s Days Payable

For the Asset Management subindustry, Saraswati Commercial (India)'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.

Saraswati Commercial (India)'s Days Payable Distribution in the Asset Management Industry

For the Asset Management industry and Financial Services sector, Saraswati Commercial (India)'s Days Payable distribution charts can be found below:

* The bar in red indicates where Saraswati Commercial (India)'s Days Payable falls into.

Saraswati Commercial (India) 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.

Saraswati Commercial (India)'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
=	( (0.137	+	0.705)	/	2 )	/	16.75	*	365
=	0.421					/	16.75	*	365
=	9.17

Saraswati Commercial (India)'s Days Payable for the quarter that ended in Dec. 2023 is calculated as:

	Days Payable (Q: Dec. 2023 )
=	Average Accounts Payable					/	Cost of Goods Sold	*	Days in Period
=	( (Accounts Payable (Q: Sep. 2023 )	+	Accounts Payable (Q: Dec. 2023 ))	/	count )	/	Cost of Goods Sold (Q: Dec. 2023 )	*	Days in Period
=	( (3.023	+	0)	/	1 )	/	7.095	*	365 / 4
=	3.023					/	7.095	*	365 / 4
=	38.88

Saraswati Commercial (India) Days Payable Related Terms

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Saraswati Commercial (India) (BOM:512020) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Financial Services » Asset Management » Saraswati Commercial (India) Ltd (BOM:512020) » Definitions » Days Payable

Comparable Companies

Traded in Other Exchanges

N/A

Address

209-210, Arcadia Building, 2nd Floor, Plot No. 195, Nariman Point, Mumbai, MH, IND, 400021

Website

http://www.saraswaticommercial.com

Saraswati Commercial (India) Ltd is an India-based non-banking financial company. it is engaged in the business of investments and trading in shares and securities and lending activities.

Saraswati Commercial (India) (BOM:512020) Headlines

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