Smruthi Organics (BOM:540686) Days Payable : 107.03 (As of Mar. 2024)

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What is Smruthi Organics Days Payable?

Smruthi Organics's average Accounts Payable for the three months ended in Mar. 2024 was ₹286 Mil. Smruthi Organics's Cost of Goods Sold for the three months ended in Mar. 2024 was ₹244 Mil. Hence, Smruthi Organics's Days Payable for the three months ended in Mar. 2024 was 107.03.

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

BOM:540686' s Days Payable Range Over the Past 10 Years
Min: 55.68 Med: 111.86 Max: 134.43
Current: 119.06

During the past 13 years, Smruthi Organics's highest Days Payable was 134.43. The lowest was 55.68. And the median was 111.86.

BOM:540686's Days Payable is ranked better than
65.09% of 971 companies
in the Drug Manufacturers industry
Industry Median: 88.69 vs BOM:540686: 119.06

Smruthi Organics's Days Payable increased from Mar. 2023 (95.02) to Mar. 2024 (107.03). It may suggest that Smruthi Organics delayed paying its suppliers.

Smruthi Organics Days Payable Historical Data

The historical data trend for Smruthi Organics'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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Smruthi Organics Days Payable Chart

Smruthi Organics Annual Data

Trend

Mar15

Mar16

Mar17

Mar18

Mar19

Mar20

Mar21

Mar22

Mar23

Mar24

Days Payable

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111.36

96.63

55.68

71.26

134.43

Smruthi Organics 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															95.02	111.22	111.55	119.31	107.03

Competitive Comparison of Smruthi Organics's Days Payable

For the Drug Manufacturers - Specialty & Generic subindustry, Smruthi Organics'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.

Smruthi Organics's Days Payable Distribution in the Drug Manufacturers Industry

For the Drug Manufacturers industry and Healthcare sector, Smruthi Organics's Days Payable distribution charts can be found below:

* The bar in red indicates where Smruthi Organics's Days Payable falls into.

Smruthi Organics 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.

Smruthi Organics'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
=	( (246.557	+	286.414)	/	2 )	/	723.543	*	365
=	266.4855					/	723.543	*	365
=	134.43

Smruthi Organics'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	+	286.414)	/	1 )	/	244.186	*	365 / 4
=	286.414					/	244.186	*	365 / 4
=	107.03

Smruthi Organics Days Payable Related Terms

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Smruthi Organics (BOM:540686) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Healthcare » Drug Manufacturers » Smruthi Organics Ltd (BOM:540686) » Definitions » Days Payable

Traded in Other Exchanges

N/A

Address

165-A, Balaji Bhavan, 1st Floor, Railway Lines, Solapur, MH, IND, 413 001

Website

https://www.smruthiorganics.com

Smruthi Organics Ltd is engaged in the manufacture of bulk drugs and drug intermediates (API Products). The product portfolio includes Amlodipine Besilate, Amlodipine Base, S-Amlodipine Besilate, S-Amlodipine Base, Norfloxacin, Metformin HCI, Diloxanide Furoate, Phthaloyl Amlodipine, Pantoprazole Sodium, Pefloxacin Mesylate Dihydrate, Telmisartan, Losartan Potassium and many more. It has two segments Bulk Drugs and Drugs Intermediates (API) and Formulation. it generates the majority of its revenue from the Bulk Drugs and Drugs Intermediates (API) segment.

Smruthi Organics (BOM:540686) Headlines

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