Premco Global (BOM:530331) Days Payable : 35.17 (As of Mar. 2024)

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What is Premco Global Days Payable?

Premco Global's average Accounts Payable for the three months ended in Mar. 2024 was ₹45.4 Mil. Premco Global's Cost of Goods Sold for the three months ended in Mar. 2024 was ₹117.8 Mil. Hence, Premco Global's Days Payable for the three months ended in Mar. 2024 was 35.17.

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

BOM:530331' s Days Payable Range Over the Past 10 Years
Min: 25.68 Med: 32.01 Max: 39.8
Current: 37.79

During the past 13 years, Premco Global's highest Days Payable was 39.80. The lowest was 25.68. And the median was 32.01.

BOM:530331's Days Payable is ranked worse than
67.32% of 1013 companies
in the Manufacturing - Apparel & Accessories industry
Industry Median: 56.6 vs BOM:530331: 37.79

Premco Global's Days Payable increased from Mar. 2023 (28.83) to Mar. 2024 (35.17). It may suggest that Premco Global delayed paying its suppliers.

Premco Global Days Payable Historical Data

The historical data trend for Premco Global'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.

Premco Global Days Payable Chart

Premco Global Annual Data

Trend

Mar15

Mar16

Mar17

Mar18

Mar19

Mar20

Mar21

Mar22

Mar23

Mar24

Days Payable

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31.50

30.47

25.68

39.80

34.71

Premco Global 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															28.83	30.42	45.23	47.66	35.17

Competitive Comparison of Premco Global's Days Payable

For the Textile Manufacturing subindustry, Premco Global'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.

Premco Global's Days Payable Distribution in the Manufacturing - Apparel & Accessories Industry

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

* The bar in red indicates where Premco Global's Days Payable falls into.

Premco Global 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.

Premco Global'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
=	( (34.303	+	45.412)	/	2 )	/	419.138	*	365
=	39.8575					/	419.138	*	365
=	34.71

Premco Global'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	+	45.412)	/	1 )	/	117.828	*	365 / 4
=	45.412					/	117.828	*	365 / 4
=	35.17

Premco Global Days Payable Related Terms

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Premco Global (BOM:530331) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Consumer Cyclical » Manufacturing - Apparel & Accessories » Premco Global Ltd (BOM:530331) » Definitions » Days Payable

Traded in Other Exchanges

N/A

Address

95 Ganpatrao Kadam marg, Urmi Estate, Tower-A, 11th floor, Lower Parel (West), Mumbai, IND, 400013

Website

http://www.premcoglobal.com

Premco Global Ltd is a company that is engaged in manufacturing woven and knitted elastic tapes, and other activities. Its product portfolio includes Name tapes and plain tapes; Buttonholes, rigid tapes and medical tapes and Panty and shoulder elastics. Geographically, it derives a majority of revenue from India.

Premco Global (BOM:530331) Headlines

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