Sharda Cropchem (BOM:538666) Days Payable : 97.94 (As of Mar. 2024)

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What is Sharda Cropchem Days Payable?

Sharda Cropchem's average Accounts Payable for the three months ended in Mar. 2024 was ₹9,212 Mil. Sharda Cropchem's Cost of Goods Sold for the three months ended in Mar. 2024 was ₹8,583 Mil. Hence, Sharda Cropchem's Days Payable for the three months ended in Mar. 2024 was 97.94.

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

BOM:538666' s Days Payable Range Over the Past 10 Years
Min: 111.25 Med: 166.83 Max: 179.1
Current: 148.27

During the past 11 years, Sharda Cropchem's highest Days Payable was 179.10. The lowest was 111.25. And the median was 166.83.

BOM:538666's Days Payable is ranked better than
80.08% of 236 companies
in the Agriculture industry
Industry Median: 75.02 vs BOM:538666: 148.27

Sharda Cropchem's Days Payable declined from Mar. 2023 (123.98) to Mar. 2024 (97.94). It may suggest that Sharda Cropchem accelerated paying its suppliers.

Sharda Cropchem Days Payable Historical Data

The historical data trend for Sharda Cropchem'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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Sharda Cropchem Days Payable Chart

Sharda Cropchem Annual Data

Trend

Mar15

Mar16

Mar17

Mar18

Mar19

Mar20

Mar21

Mar22

Mar23

Mar24

Days Payable

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173.85

166.59

144.87

163.00

179.10

Sharda Cropchem 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															123.98	215.97	116.55	108.65	97.94

Competitive Comparison of Sharda Cropchem's Days Payable

For the Agricultural Inputs subindustry, Sharda Cropchem'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.

Sharda Cropchem's Days Payable Distribution in the Agriculture Industry

For the Agriculture industry and Basic Materials sector, Sharda Cropchem's Days Payable distribution charts can be found below:

* The bar in red indicates where Sharda Cropchem's Days Payable falls into.

Sharda Cropchem 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.

Sharda Cropchem'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
=	( (13775.699	+	9211.514)	/	2 )	/	23423.861	*	365
=	11493.6065					/	23423.861	*	365
=	179.10

Sharda Cropchem'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	+	9211.514)	/	1 )	/	8582.538	*	365 / 4
=	9211.514					/	8582.538	*	365 / 4
=	97.94

Sharda Cropchem Days Payable Related Terms

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Sharda Cropchem (BOM:538666) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Basic Materials » Agriculture » Sharda Cropchem Ltd (BOM:538666) » Definitions » Days Payable

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SHARDACROP:India

Address

Dashrathlal Joshi Road, 2nd Floor, Prime Business Park, Vile Parle (West), Mumbai, MH, IND, 400 056

Website

http://www.shardacropchem.com

Sharda Cropchem Ltd is an agrochemical company based in India. It markets and sells formulations and active ingredients for agricultural purposes world wide through its subsidiaries. its business is obtained from the European continent. Its customers are also spread across North America, Latin America, and the Rest of the world. The company functions through two segments, which are Agrochemicals, and Non Agrochemicals. The company earns its income through the development and sale of agrochemicals such as insecticides, herbicides, fungicides, and biocides. The company also sells conveyor belts and V-belts under the belts segment.

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