Suryalata Spinning Mills (BOM:514138) Days Payable : 2.85 (As of Mar. 2024)

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What is Suryalata Spinning Mills Days Payable?

Suryalata Spinning Mills's average Accounts Payable for the three months ended in Mar. 2024 was ₹24 Mil. Suryalata Spinning Mills's Cost of Goods Sold for the three months ended in Mar. 2024 was ₹755 Mil. Hence, Suryalata Spinning Mills's Days Payable for the three months ended in Mar. 2024 was 2.85.

The historical rank and industry rank for Suryalata Spinning Mills's Days Payable or its related term are showing as below:

BOM:514138' s Days Payable Range Over the Past 10 Years
Min: 2.84 Med: 5.01 Max: 7.64
Current: 3.12

During the past 13 years, Suryalata Spinning Mills's highest Days Payable was 7.64. The lowest was 2.84. And the median was 5.01.

BOM:514138's Days Payable is ranked worse than
98.53% of 1019 companies
in the Manufacturing - Apparel & Accessories industry
Industry Median: 56.07 vs BOM:514138: 3.12

Suryalata Spinning Mills's Days Payable declined from Mar. 2023 (2.93) to Mar. 2024 (2.85). It may suggest that Suryalata Spinning Mills accelerated paying its suppliers.

Suryalata Spinning Mills Days Payable Historical Data

The historical data trend for Suryalata Spinning Mills'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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Suryalata Spinning Mills Days Payable Chart

Suryalata Spinning Mills Annual Data

Trend

Mar15

Mar16

Mar17

Mar18

Mar19

Mar20

Mar21

Mar22

Mar23

Mar24

Days Payable

Get a 7-Day Free Trial

4.70

6.22

3.00

2.96

2.84

Suryalata Spinning Mills Quarterly Data
	Jun19	Sep19	Dec19	Mar20	Jun20	Sep20	Dec20	Mar21	Jun21	Sep21	Dec21	Mar22	Jun22	Sep22	Dec22	Mar23	Jun23	Sep23	Dec23	Mar24
Days Payable	Get a 7-Day Free Trial															2.93	2.95	3.79	3.47	2.85

Competitive Comparison of Suryalata Spinning Mills's Days Payable

For the Textile Manufacturing subindustry, Suryalata Spinning Mills'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.

Suryalata Spinning Mills's Days Payable Distribution in the Manufacturing - Apparel & Accessories Industry

For the Manufacturing - Apparel & Accessories industry and Consumer Cyclical sector, Suryalata Spinning Mills's Days Payable distribution charts can be found below:

* The bar in red indicates where Suryalata Spinning Mills's Days Payable falls into.

Suryalata Spinning Mills 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.

Suryalata Spinning Mills's Days Payable for the fiscal year that ended in Mar. 2024 is calculated as

	Days Payable (A: Mar. 2024 )
=	Average Accounts Payable					/	Cost of Goods Sold	*	Days in Period
=	( (Accounts Payable (A: Mar. 2023 )	+	Accounts Payable (A: Mar. 2024 ))	/	count )	/	Cost of Goods Sold (A: Mar. 2024 )	*	Days in Period
=	( (21.399	+	23.6)	/	2 )	/	2893	*	365
=	22.4995					/	2893	*	365
=	2.84

Suryalata Spinning Mills's Days Payable for the quarter that ended in Mar. 2024 is calculated as:

	Days Payable (Q: Mar. 2024 )
=	Average Accounts Payable					/	Cost of Goods Sold	*	Days in Period
=	( (Accounts Payable (Q: Dec. 2023 )	+	Accounts Payable (Q: Mar. 2024 ))	/	count )	/	Cost of Goods Sold (Q: Mar. 2024 )	*	Days in Period
=	( (0	+	23.6)	/	1 )	/	755.3	*	365 / 4
=	23.6					/	755.3	*	365 / 4
=	2.85

Suryalata Spinning Mills Days Payable Related Terms

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Suryalata Spinning Mills (BOM:514138) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Consumer Cyclical » Manufacturing - Apparel & Accessories » Suryalata Spinning Mills Ltd (BOM:514138) » Definitions » Days Payable

Traded in Other Exchanges

N/A

Address

105, Sardar Patel Road, Surya Towers, 1st Floor, Secunderabad, TG, IND, 500003

Website

https://www.suryalata.com

Suryalata Spinning Mills Ltd operates in the Textile division. It is engaged in producing different Synthetic Yarns like 100% Polyester (PSF) Yarns, 100% Viscose (VSF) Yarns, PSF & VSF Blended Yarns and Value Added Yarns suitable for suiting, shirting, and knitting. Further, the company is also involved in the manufacturing of specialized yarns like Slub Yarns, Fancy Yarns, and Micro Yarns.

Suryalata Spinning Mills (BOM:514138) Headlines

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