Swastika Investsmart (BOM:530585) Days Payable : 926.50 (As of Mar. 2024)

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What is Swastika Investsmart Days Payable?

Swastika Investsmart's average Accounts Payable for the three months ended in Mar. 2024 was ₹2,461.4 Mil. Swastika Investsmart's Cost of Goods Sold for the three months ended in Mar. 2024 was ₹242.4 Mil. Hence, Swastika Investsmart's Days Payable for the three months ended in Mar. 2024 was 926.50.

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

BOM:530585' s Days Payable Range Over the Past 10 Years
Min: 67.88 Med: 843.11 Max: 1037.41
Current: 931.87

During the past 13 years, Swastika Investsmart's highest Days Payable was 1037.41. The lowest was 67.88. And the median was 843.11.

BOM:530585's Days Payable is ranked better than
80.94% of 530 companies
in the Capital Markets industry
Industry Median: 111.305 vs BOM:530585: 931.87

Swastika Investsmart's Days Payable increased from Mar. 2023 (648.12) to Mar. 2024 (926.50). It may suggest that Swastika Investsmart delayed paying its suppliers.

Swastika Investsmart Days Payable Historical Data

The historical data trend for Swastika Investsmart'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.

Swastika Investsmart Days Payable Chart

Swastika Investsmart Annual Data

Trend

Mar15

Mar16

Mar17

Mar18

Mar19

Mar20

Mar21

Mar22

Mar23

Mar24

Days Payable

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889.88

774.65

918.01

796.33

900.12

Swastika Investsmart 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															648.12	779.18	1,021.54	1,034.46	926.50

Competitive Comparison of Swastika Investsmart's Days Payable

For the Capital Markets subindustry, Swastika Investsmart'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.

Swastika Investsmart's Days Payable Distribution in the Capital Markets Industry

For the Capital Markets industry and Financial Services sector, Swastika Investsmart's Days Payable distribution charts can be found below:

* The bar in red indicates where Swastika Investsmart's Days Payable falls into.

Swastika Investsmart 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.

Swastika Investsmart'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
=	( (1198.037	+	2461.413)	/	2 )	/	741.955	*	365
=	1829.725					/	741.955	*	365
=	900.12

Swastika Investsmart'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	+	2461.413)	/	1 )	/	242.421	*	365 / 4
=	2461.413					/	242.421	*	365 / 4
=	926.50

Swastika Investsmart Days Payable Related Terms

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Swastika Investsmart Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Financial Services » Capital Markets » Swastika Investsmart Ltd (BOM:530585) » Definitions » Days Payable

Comparable Companies

Traded in Other Exchanges

N/A

Address

48, M.Y.H. Road, Jaora Compound, Indore, MP, IND, 452001

Website

https://www.swastika.co.in

Swastika Investsmart Ltd is a fintech company. The company offers services like Stock broking, Algo trading, in-house Research Facility, Mutual Funds, Investment Banking, insurance broking and Loan facilities to clients. Its operating segment includes Broking and Related Activities and Financing Activities. The company generates maximum revenue from the Broking and Related Activities segment.

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