Premier Explosives (BOM:526247) Days Payable : 134.77 (As of Dec. 2023)

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What is Premier Explosives Days Payable?

Premier Explosives's average Accounts Payable for the three months ended in Dec. 2023 was ₹206 Mil. Premier Explosives's Cost of Goods Sold for the three months ended in Dec. 2023 was ₹140 Mil. Hence, Premier Explosives's Days Payable for the three months ended in Dec. 2023 was 134.77.

The historical rank and industry rank for Premier Explosives's Days Payable or its related term are showing as below:

BOM:526247' s Days Payable Range Over the Past 10 Years
Min: 36.92 Med: 49.97 Max: 92.22
Current: 69.51

During the past 13 years, Premier Explosives's highest Days Payable was 92.22. The lowest was 36.92. And the median was 49.97.

BOM:526247's Days Payable is ranked better than
58.5% of 1506 companies
in the Chemicals industry
Industry Median: 61.065 vs BOM:526247: 69.51

Premier Explosives's Days Payable declined from Dec. 2022 (183.60) to Dec. 2023 (134.77). It may suggest that Premier Explosives accelerated paying its suppliers.

Premier Explosives Days Payable Historical Data

The historical data trend for Premier Explosives'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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Premier Explosives Days Payable Chart

Premier Explosives Annual Data

Trend

Mar14

Mar15

Mar16

Mar17

Mar18

Mar19

Mar20

Mar21

Mar22

Mar23

Days Payable

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56.64

92.22

85.49

68.68

74.27

Premier Explosives 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															183.60	55.62	60.15	62.31	134.77

Competitive Comparison of Premier Explosives's Days Payable

For the Specialty Chemicals subindustry, Premier Explosives'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.

Premier Explosives's Days Payable Distribution in the Chemicals Industry

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

* The bar in red indicates where Premier Explosives's Days Payable falls into.

Premier Explosives 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.

Premier Explosives'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
=	( (211.831	+	158.002)	/	2 )	/	908.832	*	365
=	184.9165					/	908.832	*	365
=	74.27

Premier Explosives'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
=	( (206.089	+	0)	/	1 )	/	139.542	*	365 / 4
=	206.089					/	139.542	*	365 / 4
=	134.77

Premier Explosives Days Payable Related Terms

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Premier Explosives (BOM:526247) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Basic Materials » Chemicals » Premier Explosives Ltd (BOM:526247) » Definitions » Days Payable

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PREMEXPLN:India

Address

Ishaq Colony, Premier House, 11, Near AOC Centre, Secunderabad, TG, IND, 500 015

Website

https://www.pelgel.com

Premier Explosives Ltd is an engaged in the business of high energy materials including commercial explosives and defence explosives which are used in mining and infrastructure sectors and also manufacture of missiles and other defence items. The company also operates and maintains solid propellant plants of defence and space establishments. Its products include bulk explosives, packaged explosives detonators, solid propellants, and pyrogen igniters among others. Geographically, it has operations within India and outside India. The company generates the majority of its sales from India.

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