Sukhjit Starch & Chemicals (BOM:524542) Days Payable : 26.53 (As of Mar. 2024)

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What is Sukhjit Starch & Chemicals Days Payable?

Sukhjit Starch & Chemicals's average Accounts Payable for the three months ended in Mar. 2024 was ₹754 Mil. Sukhjit Starch & Chemicals's Cost of Goods Sold for the three months ended in Mar. 2024 was ₹2,593 Mil. Hence, Sukhjit Starch & Chemicals's Days Payable for the three months ended in Mar. 2024 was 26.53.

The historical rank and industry rank for Sukhjit Starch & Chemicals's Days Payable or its related term are showing as below:

BOM:524542' s Days Payable Range Over the Past 10 Years
Min: 20.33 Med: 21.7 Max: 28.96
Current: 26.32

During the past 13 years, Sukhjit Starch & Chemicals's highest Days Payable was 28.96. The lowest was 20.33. And the median was 21.70.

BOM:524542's Days Payable is ranked worse than
84.68% of 1501 companies
in the Chemicals industry
Industry Median: 60.44 vs BOM:524542: 26.32

Sukhjit Starch & Chemicals's Days Payable increased from Mar. 2023 (19.07) to Mar. 2024 (26.53). It may suggest that Sukhjit Starch & Chemicals delayed paying its suppliers.

Sukhjit Starch & Chemicals Days Payable Historical Data

The historical data trend for Sukhjit Starch & Chemicals'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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Sukhjit Starch & Chemicals Days Payable Chart

Sukhjit Starch & Chemicals Annual Data

Trend

Mar15

Mar16

Mar17

Mar18

Mar19

Mar20

Mar21

Mar22

Mar23

Mar24

Days Payable

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20.33

28.96

20.38

20.64

25.72

Sukhjit Starch & Chemicals 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															19.07	23.71	29.75	26.54	26.53

Competitive Comparison of Sukhjit Starch & Chemicals's Days Payable

For the Specialty Chemicals subindustry, Sukhjit Starch & Chemicals'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.

Sukhjit Starch & Chemicals's Days Payable Distribution in the Chemicals Industry

For the Chemicals industry and Basic Materials sector, Sukhjit Starch & Chemicals's Days Payable distribution charts can be found below:

* The bar in red indicates where Sukhjit Starch & Chemicals's Days Payable falls into.

Sukhjit Starch & Chemicals 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.

Sukhjit Starch & Chemicals'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
=	( (578.54	+	754)	/	2 )	/	9455.7	*	365
=	666.27					/	9455.7	*	365
=	25.72

Sukhjit Starch & Chemicals'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	+	754)	/	1 )	/	2592.9	*	365 / 4
=	754					/	2592.9	*	365 / 4
=	26.53

Sukhjit Starch & Chemicals Days Payable Related Terms

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Sukhjit Starch & Chemicals (BOM:524542) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Basic Materials » Chemicals » Sukhjit Starch & Chemicals Ltd (BOM:524542) » Definitions » Days Payable

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SUKHJITS:India

Address

Sarai Road, Kapurthala District, Phagwara, PB, IND, 144401

Website

https://www.sukhjitgroup.com

Sukhjit Starch & Chemicals Ltd is an India-based manufacturer of starch and its derivatives. The company's operation is divided into four segments namely Starch and its derivatives, Readymade garments, Leasing and hire purchase financing, and Manufacturing of heavy machinery. It derives key revenue from Starch and its derivatives business division. The company produces maize starch, liquid glucose, high maltose syrup, Monohydrate dextrose, Malto Dextrin, Oxidized Starch, Cationic Starch, Thin Boiling Starch, Pre- Gelatinised Starch, Yellow Dextrin, White Dextrin, Maize Gluten, Maize Germ, Maize Oil, Maize Germ cake, Corn steep liquor, and Maize coarse bran.

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