Precision Wires India (BOM:523539) Days Payable : 48.33 (As of Mar. 2024)

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What is Precision Wires India Days Payable?

Precision Wires India's average Accounts Payable for the three months ended in Mar. 2024 was ₹4,225 Mil. Precision Wires India's Cost of Goods Sold for the three months ended in Mar. 2024 was ₹7,978 Mil. Hence, Precision Wires India's Days Payable for the three months ended in Mar. 2024 was 48.33.

The historical rank and industry rank for Precision Wires India's Days Payable or its related term are showing as below:

BOM:523539' s Days Payable Range Over the Past 10 Years
Min: 48.98 Med: 58.81 Max: 73.39
Current: 48.98

During the past 13 years, Precision Wires India's highest Days Payable was 73.39. The lowest was 48.98. And the median was 58.81.

BOM:523539's Days Payable is ranked worse than
71.1% of 2920 companies
in the Industrial Products industry
Industry Median: 76.585 vs BOM:523539: 48.98

Precision Wires India's Days Payable declined from Mar. 2023 (53.83) to Mar. 2024 (48.33). It may suggest that Precision Wires India accelerated paying its suppliers.

Precision Wires India Days Payable Historical Data

The historical data trend for Precision Wires 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.

Precision Wires India Days Payable Chart

Precision Wires India Annual Data

Trend

Mar15

Mar16

Mar17

Mar18

Mar19

Mar20

Mar21

Mar22

Mar23

Mar24

Days Payable

Get a 7-Day Free Trial

62.88

73.39

65.98

58.96

51.80

Precision Wires India 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															53.83	53.94	43.21	44.89	48.33

Competitive Comparison of Precision Wires India's Days Payable

For the Electrical Equipment & Parts subindustry, Precision Wires 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.

Precision Wires India's Days Payable Distribution in the Industrial Products Industry

For the Industrial Products industry and Industrials sector, Precision Wires India's Days Payable distribution charts can be found below:

* The bar in red indicates where Precision Wires India's Days Payable falls into.

Precision Wires 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.

Precision Wires India'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
=	( (4322.272	+	4225.261)	/	2 )	/	30115.437	*	365
=	4273.7665					/	30115.437	*	365
=	51.80

Precision Wires India'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	+	4225.261)	/	1 )	/	7977.675	*	365 / 4
=	4225.261					/	7977.675	*	365 / 4
=	48.33

Precision Wires India Days Payable Related Terms

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Precision Wires India (BOM:523539) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Industrials » Industrial Products » Precision Wires India Ltd (BOM:523539) » Definitions » Days Payable

Traded in Other Exchanges

PRECWIRE:India

Address

Off Sayani Road, J. A. Raul Street, Saiman House, Prabhadevi, Mumbai, MH, IND, 400 025

Website

https://www.precisionwires.com

Precision Wires India Ltd is engaged in the manufacture of winding wires made of copper. The company produces Enameled Round Winding Wires, Enameled Strips, Paper Insulated Copper Conductors, and Continuously Transposed Conductors and Paper/Mica/Nomex Insulated Copper Conductors (PICC) which are used by the electrical/electronics industries. The wires are used in equipment such as rotating machines, alternators, hermetic motors, power and distribution transformers, ballasts, auto electricals, household appliances, and fans.

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