Solid Stone Co (BOM:513699) Days Payable : 71.92 (As of Dec. 2023)

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What is Solid Stone Co Days Payable?

Solid Stone Co's average Accounts Payable for the three months ended in Dec. 2023 was ₹23.3 Mil. Solid Stone Co's Cost of Goods Sold for the three months ended in Dec. 2023 was ₹29.5 Mil. Hence, Solid Stone Co's Days Payable for the three months ended in Dec. 2023 was 71.92.

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

BOM:513699' s Days Payable Range Over the Past 10 Years
Min: 19.2 Med: 27.55 Max: 53.78
Current: 44.62

During the past 13 years, Solid Stone Co's highest Days Payable was 53.78. The lowest was 19.20. And the median was 27.55.

BOM:513699's Days Payable is ranked worse than
69.89% of 372 companies
in the Building Materials industry
Industry Median: 67.09 vs BOM:513699: 44.62

Solid Stone Co's Days Payable increased from Dec. 2022 (22.18) to Dec. 2023 (71.92). It may suggest that Solid Stone Co delayed paying its suppliers.

Solid Stone Co Days Payable Historical Data

The historical data trend for Solid Stone 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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Solid Stone Co Days Payable Chart

Solid Stone Co Annual Data

Trend

Mar14

Mar15

Mar16

Mar17

Mar18

Mar19

Mar20

Mar21

Mar22

Mar23

Days Payable

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40.55

19.20

53.78

27.20

24.94

Solid Stone Co 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															22.18	33.60	52.84	58.27	71.92

Competitive Comparison of Solid Stone Co's Days Payable

For the Building Materials subindustry, Solid Stone 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.

Solid Stone Co's Days Payable Distribution in the Building Materials Industry

For the Building Materials industry and Basic Materials sector, Solid Stone Co's Days Payable distribution charts can be found below:

* The bar in red indicates where Solid Stone Co's Days Payable falls into.

Solid Stone 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.

Solid Stone Co'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
=	( (8.309	+	21.76)	/	2 )	/	220.022	*	365
=	15.0345					/	220.022	*	365
=	24.94

Solid Stone Co'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
=	( (23.271	+	0)	/	1 )	/	29.527	*	365 / 4
=	23.271					/	29.527	*	365 / 4
=	71.92

Solid Stone Co Days Payable Related Terms

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Solid Stone Co (BOM:513699) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Basic Materials » Building Materials » Solid Stone Co Ltd (BOM:513699) » Definitions » Days Payable

Comparable Companies

Traded in Other Exchanges

N/A

Address

1501, Maker Chambers V, Nariman Point, Mumbai, MH, IND, 400 021

Website

https://www.solid-stone.com

Solid Stone Co Ltd is engaged in the processing, sale, and trading of natural and semi-precious stones. The company's only reportable segment being natural stones, building material, and allied building activities. Its products include natural stones, granite, semi-precious stones, mosaics, and others.

Solid Stone Co (BOM:513699) Headlines

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