Sterlite Technologies (BOM:532374) Days Payable : 297.24 (As of Sep. 2024)

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What is Sterlite Technologies Days Payable?

Sterlite Technologies's average Accounts Payable for the three months ended in Sep. 2024 was ₹24,040 Mil. Sterlite Technologies's Cost of Goods Sold for the three months ended in Sep. 2024 was ₹7,380 Mil. Hence, Sterlite Technologies's Days Payable for the three months ended in Sep. 2024 was 297.24.

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

BOM:532374' s Days Payable Range Over the Past 10 Years
Min: 84.32 Med: 198.74 Max: 278.44
Current: 270.12

During the past 13 years, Sterlite Technologies's highest Days Payable was 278.44. The lowest was 84.32. And the median was 198.74.

BOM:532374's Days Payable is ranked better than
94.08% of 2416 companies
in the Hardware industry
Industry Median: 68.85 vs BOM:532374: 270.12

Sterlite Technologies's Days Payable increased from Sep. 2023 (247.41) to Sep. 2024 (297.24). It may suggest that Sterlite Technologies delayed paying its suppliers.

Sterlite Technologies Days Payable Historical Data

The historical data trend for Sterlite Technologies'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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Sterlite Technologies Days Payable Chart

Sterlite Technologies Annual Data

Trend

Mar15

Mar16

Mar17

Mar18

Mar19

Mar20

Mar21

Mar22

Mar23

Mar24

Days Payable

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230.81

236.34

259.57

225.08

278.44

Sterlite Technologies Quarterly Data
	Dec19	Mar20	Jun20	Sep20	Dec20	Mar21	Jun21	Sep21	Dec21	Mar22	Jun22	Sep22	Dec22	Mar23	Jun23	Sep23	Dec23	Mar24	Jun24	Sep24
Days Payable	Get a 7-Day Free Trial															247.41	260.45	218.16	331.79	297.24

Competitive Comparison of Sterlite Technologies's Days Payable

For the Communication Equipment subindustry, Sterlite Technologies'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.

Sterlite Technologies's Days Payable Distribution in the Hardware Industry

For the Hardware industry and Technology sector, Sterlite Technologies's Days Payable distribution charts can be found below:

* The bar in red indicates where Sterlite Technologies's Days Payable falls into.

Sterlite Technologies 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.

Sterlite Technologies'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
=	( (21520	+	21780)	/	2 )	/	28380	*	365
=	21650					/	28380	*	365
=	278.44

Sterlite Technologies's Days Payable for the quarter that ended in Sep. 2024 is calculated as:

	Days Payable (Q: Sep. 2024 )
=	Average Accounts Payable					/	Cost of Goods Sold	*	Days in Period
=	( (Accounts Payable (Q: Jun. 2024 )	+	Accounts Payable (Q: Sep. 2024 ))	/	count )	/	Cost of Goods Sold (Q: Sep. 2024 )	*	Days in Period
=	( (0	+	24040)	/	1 )	/	7380	*	365 / 4
=	24040					/	7380	*	365 / 4
=	297.24

Sterlite Technologies Days Payable Related Terms

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Sterlite Technologies Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Technology » Hardware » Sterlite Technologies Ltd (BOM:532374) » Definitions » Days Payable

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STLTECH:India

Address

Koregaon Road 9, STS 12/1, 4th Floor, Godrej Millennium, Pune, MH, IND, 411 001

Website

https://www.stl.tech

Sterlite Technologies Ltd is an Indian-based company engaged in the business of Connectivity and Network Solutions. Its products and solutions mainly include integrated optical fiber, copper telecom cables, structured data cables, access equipment, fiber connectivity and system integration solution offerings for telecom networks, OSS/ BSS solutions, billing and bandwidth management solutions for organizations, and others. Its segments include Optical networking business (ONB), Global service business (GSB) and Digital and technology solutions (Digital). The company offers its services within India and in the International market. It earns majority of the revenue from Optical networking business segment.

Sterlite Technologies Headlines

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