Shivansh Finserve (BOM:539593) Days Payable : 7.29 (As of Mar. 2024)

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What is Shivansh Finserve Days Payable?

Shivansh Finserve's average Accounts Payable for the three months ended in Mar. 2024 was ₹0.35 Mil. Shivansh Finserve's Cost of Goods Sold for the three months ended in Mar. 2024 was ₹4.39 Mil. Hence, Shivansh Finserve's Days Payable for the three months ended in Mar. 2024 was 7.29.

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

BOM:539593' s Days Payable Range Over the Past 10 Years
Min: 3.64 Med: 17.13 Max: 36.84
Current: 36.84

During the past 10 years, Shivansh Finserve's highest Days Payable was 36.84. The lowest was 3.64. And the median was 17.13.

BOM:539593's Days Payable is ranked worse than
62.76% of 1794 companies
in the Consumer Packaged Goods industry
Industry Median: 46.18 vs BOM:539593: 36.84

Shivansh Finserve's Days Payable increased from Mar. 2023 (0.00) to Mar. 2024 (7.29). It may suggest that Shivansh Finserve delayed paying its suppliers.

Shivansh Finserve Days Payable Historical Data

The historical data trend for Shivansh Finserve'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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Shivansh Finserve Days Payable Chart

Shivansh Finserve Annual Data

Trend

Mar15

Mar16

Mar17

Mar18

Mar19

Mar20

Mar21

Mar22

Mar23

Mar24

Days Payable

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12.18

22.07

28.63

34.57

Shivansh Finserve 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															-	-	-	-	7.29

Competitive Comparison of Shivansh Finserve's Days Payable

For the Packaged Foods subindustry, Shivansh Finserve'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.

Shivansh Finserve's Days Payable Distribution in the Consumer Packaged Goods Industry

For the Consumer Packaged Goods industry and Consumer Defensive sector, Shivansh Finserve's Days Payable distribution charts can be found below:

* The bar in red indicates where Shivansh Finserve's Days Payable falls into.

Shivansh Finserve 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.

Shivansh Finserve'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
=	( (0.481	+	0.351)	/	2 )	/	4.392	*	365
=	0.416					/	4.392	*	365
=	34.57

Shivansh Finserve'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	+	0.351)	/	1 )	/	4.392	*	365 / 4
=	0.351					/	4.392	*	365 / 4
=	7.29

Shivansh Finserve Days Payable Related Terms

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Shivansh Finserve (BOM:539593) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Consumer Defensive » Consumer Packaged Goods » Shivansh Finserve Ltd (BOM:539593) » Definitions » Days Payable

Traded in Other Exchanges

N/A

Address

Ashram Road, 22, First Floor, Harsidhh Complex, Opposite Kalupur Commercial Bank, Income Tax, Ahmedabad, GJ, IND, 380014

Website

https://www.shivanshfinserve.com

Shivansh Finserve Ltd is an India based company. It is engaged in the wholesale trading of raw milk and dairy product. The company is also engaged in other financial advisers services.

Shivansh Finserve (BOM:539593) Headlines

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