Saffron Industries (BOM:531436) Days Payable : 112.43 (As of Dec. 2023)

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What is Saffron Industries Days Payable?

Saffron Industries's average Accounts Payable for the three months ended in Dec. 2023 was ₹28.1 Mil. Saffron Industries's Cost of Goods Sold for the three months ended in Dec. 2023 was ₹22.8 Mil. Hence, Saffron Industries's Days Payable for the three months ended in Dec. 2023 was 112.43.

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

BOM:531436' s Days Payable Range Over the Past 10 Years
Min: 11.29 Med: 106.17 Max: 623.51
Current: 171.01

During the past 13 years, Saffron Industries's highest Days Payable was 623.51. The lowest was 11.29. And the median was 106.17.

BOM:531436's Days Payable is ranked better than
93.93% of 280 companies
in the Forest Products industry
Industry Median: 56.825 vs BOM:531436: 171.01

Saffron Industries's Days Payable declined from Dec. 2022 (243.36) to Dec. 2023 (112.43). It may suggest that Saffron Industries accelerated paying its suppliers.

Saffron Industries Days Payable Historical Data

The historical data trend for Saffron 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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Saffron Industries Days Payable Chart

Saffron Industries Annual Data

Trend

Mar14

Mar15

Mar16

Mar17

Mar18

Mar19

Mar20

Mar21

Mar22

Mar23

Days Payable

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146.60

141.77

35.38

24.53

11.29

Saffron 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															243.36	6.32	10.93	-	112.43

Competitive Comparison of Saffron Industries's Days Payable

For the Paper & Paper Products subindustry, Saffron 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.

Saffron Industries's Days Payable Distribution in the Forest Products Industry

For the Forest Products industry and Basic Materials sector, Saffron Industries's Days Payable distribution charts can be found below:

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

Saffron 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.

Saffron 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
=	( (6.555	+	3.23)	/	2 )	/	158.2	*	365
=	4.8925					/	158.2	*	365
=	11.29

Saffron 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
=	( (28.073	+	0)	/	1 )	/	22.784	*	365 / 4
=	28.073					/	22.784	*	365 / 4
=	112.43

Saffron Industries Days Payable Related Terms

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Saffron Industries (BOM:531436) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Basic Materials » Forest Products » Saffron Industries Ltd (BOM:531436) » Definitions » Days Payable

Traded in Other Exchanges

N/A

Address

Wardha Road, Navabharat Bhavan, Chhatrapati Square, Nagpur, MH, IND, 440015

Website

https://www.saffronindustries.in

Saffron Industries Ltd is engaged in the manufacturing of paper and paper products. The company is involved in the production of newsprint, kraft paper, Colour Boards, Chromo Papers and among others.

Saffron Industries (BOM:531436) Headlines

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