Ashtasidhhi Industries (BOM:531341) Days Payable : 65.20 (As of Dec. 2023)

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What is Ashtasidhhi Industries Days Payable?

Ashtasidhhi Industries's average Accounts Payable for the three months ended in Dec. 2023 was ₹0.41 Mil. Ashtasidhhi Industries's Cost of Goods Sold for the three months ended in Dec. 2023 was ₹0.58 Mil. Hence, Ashtasidhhi Industries's Days Payable for the three months ended in Dec. 2023 was 65.20.

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

BOM:531341' s Days Payable Range Over the Past 10 Years
Min: 80.09 Med: 420.1 Max: 7919.09
Current: 182.19

During the past 13 years, Ashtasidhhi Industries's highest Days Payable was 7919.09. The lowest was 80.09. And the median was 420.10.

BOM:531341's Days Payable is ranked better than
76.76% of 284 companies
in the Credit Services industry
Industry Median: 48.93 vs BOM:531341: 182.19

Ashtasidhhi Industries's Days Payable increased from Dec. 2022 (35.50) to Dec. 2023 (65.20). It may suggest that Ashtasidhhi Industries delayed paying its suppliers.

Ashtasidhhi Industries Days Payable Historical Data

The historical data trend for Ashtasidhhi Industries'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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Ashtasidhhi Industries Days Payable Chart

Ashtasidhhi Industries Annual Data

Trend

Mar14

Mar15

Mar16

Mar17

Mar18

Mar19

Mar20

Mar21

Mar22

Mar23

Days Payable

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343.84

1,840.37

598.67

80.09

108.79

Ashtasidhhi Industries 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															35.50	-	1,460.00	78.51	65.20

Competitive Comparison of Ashtasidhhi Industries's Days Payable

For the Credit Services subindustry, Ashtasidhhi Industries'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.

Ashtasidhhi Industries's Days Payable Distribution in the Credit Services Industry

For the Credit Services industry and Financial Services sector, Ashtasidhhi Industries's Days Payable distribution charts can be found below:

* The bar in red indicates where Ashtasidhhi Industries's Days Payable falls into.

Ashtasidhhi Industries 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.

Ashtasidhhi Industries'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
=	( (0.435	+	0.48)	/	2 )	/	1.535	*	365
=	0.4575					/	1.535	*	365
=	108.79

Ashtasidhhi Industries'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
=	( (0.413	+	0)	/	1 )	/	0.578	*	365 / 4
=	0.413					/	0.578	*	365 / 4
=	65.20

Ashtasidhhi Industries Days Payable Related Terms

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Ashtasidhhi Industries (BOM:531341) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Financial Services » Credit Services » Ashtasidhhi Industries Ltd (BOM:531341) » Definitions » Days Payable

Comparable Companies

Traded in Other Exchanges

N/A

Address

252, New Cloth Market, Opposite Raipur Gate, Ahmedabad, GJ, IND, 380002

Website

https://www.gujaratinvesta.com

Ashtasidhhi Industries Ltd Formerly Gujarat Investa Ltd operates as a non-banking finance company in India. It is engaged in the finance, investment, and leasing businesses, as well as the hire or acquisition of immovable or movable property. It has primary segments for revenue generation in finance. The company generates revenue from Interest income, Dividends received and the sale of Investments.

Ashtasidhhi Industries (BOM:531341) Headlines

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