Shubham Polyspin (BOM:542019) Days Payable : 24.95 (As of Dec. 2023)

View and export this data going back to 2018. Start your Free Trial

What is Shubham Polyspin Days Payable?

Shubham Polyspin's average Accounts Payable for the three months ended in Dec. 2023 was ₹24.1 Mil. Shubham Polyspin's Cost of Goods Sold for the three months ended in Dec. 2023 was ₹88.3 Mil. Hence, Shubham Polyspin's Days Payable for the three months ended in Dec. 2023 was 24.95.

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

BOM:542019' s Days Payable Range Over the Past 10 Years
Min: 6.6 Med: 23.31 Max: 41.81
Current: 18.16

During the past 10 years, Shubham Polyspin's highest Days Payable was 41.81. The lowest was 6.60. And the median was 23.31.

BOM:542019's Days Payable is ranked worse than
87.99% of 1024 companies
in the Manufacturing - Apparel & Accessories industry
Industry Median: 56.345 vs BOM:542019: 18.16

Shubham Polyspin's Days Payable increased from Dec. 2022 (22.27) to Dec. 2023 (24.95). It may suggest that Shubham Polyspin delayed paying its suppliers.

Shubham Polyspin Days Payable Historical Data

The historical data trend for Shubham Polyspin'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.

* Premium members only.

Shubham Polyspin Days Payable Chart

Shubham Polyspin Annual Data

Trend

Mar14

Mar15

Mar16

Mar17

Mar18

Mar19

Mar20

Mar21

Mar22

Mar23

Days Payable

Get a 7-Day Free Trial

25.27

29.34

14.03

16.91

22.91

Shubham Polyspin Quarterly Data
	Mar18	Sep18	Mar19	Sep19	Mar20	Jun20	Sep20	Dec20	Mar21	Jun21	Sep21	Dec21	Mar22	Jun22	Sep22	Dec22	Mar23	Jun23	Sep23	Dec23
Days Payable	Get a 7-Day Free Trial															22.27	11.49	12.25	19.11	24.95

Competitive Comparison of Shubham Polyspin's Days Payable

For the Textile Manufacturing subindustry, Shubham Polyspin'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.

Shubham Polyspin's Days Payable Distribution in the Manufacturing - Apparel & Accessories Industry

For the Manufacturing - Apparel & Accessories industry and Consumer Cyclical sector, Shubham Polyspin's Days Payable distribution charts can be found below:

* The bar in red indicates where Shubham Polyspin's Days Payable falls into.

Shubham Polyspin 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.

Shubham Polyspin'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
=	( (34.298	+	11.285)	/	2 )	/	363.127	*	365
=	22.7915					/	363.127	*	365
=	22.91

Shubham Polyspin'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
=	( (24.138	+	0)	/	1 )	/	88.274	*	365 / 4
=	24.138					/	88.274	*	365 / 4
=	24.95

Shubham Polyspin Days Payable Related Terms

Thank you for viewing the detailed overview of Shubham Polyspin's Days Payable provided by GuruFocus.com. Please click on the following links to see related term pages.

Shubham Polyspin (BOM:542019) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Consumer Cyclical » Manufacturing - Apparel & Accessories » Shubham Polyspin Ltd (BOM:542019) » Definitions » Days Payable

Traded in Other Exchanges

N/A

Address

Jetpura - Basantpura Road, Block No. 748, Saket Industrial Estate, Near Kaneria Oil Mill, Village Borisana, Taluka Kadi, Mahesana, GJ, IND, 382728

Website

https://www.shubhampolyspin.com

Shubham Polyspin Ltd is an India based textile company. The company is engaged in the manufacturing of Multifilament yarns. Its products offerings include Polypropylene multifilament yarn (twisted and air intermingled yarn), Shubhlon bag closing threads, and PP webbings and narrow woven fabrics. The company operates in India and sells products under the brand name Shubhlon.

Shubham Polyspin (BOM:542019) Headlines

No Headlines