Snowman Logistics (BOM:538635) Days Payable : 55.02 (As of Dec. 2023)

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What is Snowman Logistics Days Payable?

Snowman Logistics's average Accounts Payable for the three months ended in Dec. 2023 was ₹325 Mil. Snowman Logistics's Cost of Goods Sold for the three months ended in Dec. 2023 was ₹538 Mil. Hence, Snowman Logistics's Days Payable for the three months ended in Dec. 2023 was 55.02.

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

BOM:538635' s Days Payable Range Over the Past 10 Years
Min: 11.57 Med: 35.13 Max: 46.22
Current: 33.58

During the past 10 years, Snowman Logistics's highest Days Payable was 46.22. The lowest was 11.57. And the median was 35.13.

BOM:538635's Days Payable is ranked worse than
57.07% of 934 companies
in the Transportation industry
Industry Median: 38.63 vs BOM:538635: 33.58

Snowman Logistics's Days Payable declined from Dec. 2022 (71.99) to Dec. 2023 (55.02). It may suggest that Snowman Logistics accelerated paying its suppliers.

Snowman Logistics Days Payable Historical Data

The historical data trend for Snowman Logistics'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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Snowman Logistics Days Payable Chart

Snowman Logistics Annual Data

Trend

Mar14

Mar15

Mar16

Mar17

Mar18

Mar19

Mar20

Mar21

Mar22

Mar23

Days Payable

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36.01

34.24

36.67

46.22

37.85

Snowman Logistics 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															71.99	14.62	50.97	52.33	55.02

Competitive Comparison of Snowman Logistics's Days Payable

For the Integrated Freight & Logistics subindustry, Snowman Logistics'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.

Snowman Logistics's Days Payable Distribution in the Transportation Industry

For the Transportation industry and Industrials sector, Snowman Logistics's Days Payable distribution charts can be found below:

* The bar in red indicates where Snowman Logistics's Days Payable falls into.

Snowman Logistics 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.

Snowman Logistics'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
=	( (338.328	+	329.415)	/	2 )	/	3219.696	*	365
=	333.8715					/	3219.696	*	365
=	37.85

Snowman Logistics'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
=	( (324.638	+	0)	/	1 )	/	538.399	*	365 / 4
=	324.638					/	538.399	*	365 / 4
=	55.02

Snowman Logistics Days Payable Related Terms

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Snowman Logistics (BOM:538635) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Industrials » Transportation » Snowman Logistics Ltd (BOM:538635) » Definitions » Days Payable

Comparable Companies

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SNOWMAN:India

Address

No. 54, Old Madras Road, Virgo Nagar, Bangalore, KA, IND, 560 049

Website

https://www.snowman.in

Snowman Logistics Ltd is an India-based company. It is engaged in providing integrated cold chain solutions. The company operates in four business segments. The warehousing services segment comprises of temperature-controlled warehousing services operating across locations servicing customers on a pan-India basis. The transportation services segment generally facilitates inter-city transport of products and includes door-to-door service. The consignment agency services segment provides retail distribution through a consignment agency model for customers and Trading and distribution. The warehousing services generate maximum revenue for the company.

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