Satin Creditcare Network (BOM:539404) Days Payable : 0.84 (As of Dec. 2024)

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What is Satin Creditcare Network Days Payable?

Satin Creditcare Network's average Accounts Payable for the three months ended in Dec. 2024 was ₹39 Mil. Satin Creditcare Network's Cost of Goods Sold for the three months ended in Dec. 2024 was ₹4,178 Mil. Hence, Satin Creditcare Network's Days Payable for the three months ended in Dec. 2024 was 0.84.

The historical rank and industry rank for Satin Creditcare Network's Days Payable or its related term are showing as below:

BOM:539404' s Days Payable Range Over the Past 10 Years
Min: 0.81 Med: 3.86 Max: 7.8
Current: 0.81

During the past 11 years, Satin Creditcare Network's highest Days Payable was 7.80. The lowest was 0.81. And the median was 3.86.

BOM:539404's Days Payable is ranked worse than
96.23% of 292 companies
in the Credit Services industry
Industry Median: 36.715 vs BOM:539404: 0.81

Satin Creditcare Network's Days Payable increased from Dec. 2023 (0.62) to Dec. 2024 (0.84). It may suggest that Satin Creditcare Network delayed paying its suppliers.

Satin Creditcare Network Days Payable Historical Data

The historical data trend for Satin Creditcare Network'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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Satin Creditcare Network Days Payable Chart

Satin Creditcare Network Annual Data

Trend

Mar15

Mar16

Mar17

Mar18

Mar19

Mar20

Mar21

Mar22

Mar23

Mar24

Days Payable

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2.29

4.01

4.50

3.38

1.25

Satin Creditcare Network Quarterly Data
	Mar20	Jun20	Sep20	Dec20	Mar21	Jun21	Sep21	Dec21	Mar22	Jun22	Sep22	Dec22	Mar23	Jun23	Sep23	Dec23	Mar24	Jun24	Sep24	Dec24
Days Payable	Get a 7-Day Free Trial															0.62	1.09	0.94	0.86	0.84

Competitive Comparison of Satin Creditcare Network's Days Payable

For the Credit Services subindustry, Satin Creditcare Network'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.

Satin Creditcare Network's Days Payable Distribution in the Credit Services Industry

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

* The bar in red indicates where Satin Creditcare Network's Days Payable falls into.

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Satin Creditcare Network 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.

Satin Creditcare Network'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
=	( (50.787	+	38.552)	/	2 )	/	13037.249	*	365
=	44.6695					/	13037.249	*	365
=	1.25

Satin Creditcare Network's Days Payable for the quarter that ended in Dec. 2024 is calculated as:

	Days Payable (Q: Dec. 2024 )
=	Average Accounts Payable					/	Cost of Goods Sold	*	Days in Period
=	( (Accounts Payable (Q: Sep. 2024 )	+	Accounts Payable (Q: Dec. 2024 ))	/	count )	/	Cost of Goods Sold (Q: Dec. 2024 )	*	Days in Period
=	( (38.643	+	0)	/	1 )	/	4177.638	*	365 / 4
=	38.643					/	4177.638	*	365 / 4
=	0.84

Satin Creditcare Network Days Payable Related Terms

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Satin Creditcare Network Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Financial Services » Credit Services » Satin Creditcare Network Ltd (BOM:539404) » Definitions » Days Payable

Comparable Companies

Traded in Other Exchanges

SATIN:India

Address

Plot No. 492, Udyog Vihar, Phase – III, Gurugram, HR, IND, 122016

Website

https://www.satincreditcare.com

Satin Creditcare Network Ltd is a micro-finance company based in India. Its core services are non-banking financial services. The company also offers loans to individual businesses; loans to micro, small and medium enterprises, product loans for financing the purchase of solar lamps, bicycles, and consumer durables, and loans for the development of water connections and sanitation facilities. Geographically, it operates only in India. The Company operates in a single reportable segment i.e. financing which has similar risks and returns. The Company derives its maximum revenues from financing activities and its customers are widespread.

Satin Creditcare Network Headlines

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