RO Jewels (BOM:543171) Days Payable : 8.61 (As of Dec. 2023)

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What is RO Jewels Days Payable?

RO Jewels's average Accounts Payable for the three months ended in Dec. 2023 was ₹15 Mil. RO Jewels's Cost of Goods Sold for the three months ended in Dec. 2023 was ₹164 Mil. Hence, RO Jewels's Days Payable for the three months ended in Dec. 2023 was 8.61.

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

BOM:543171' s Days Payable Range Over the Past 10 Years
Min: 0.52 Med: 1.42 Max: 11.47
Current: 11.47

During the past 7 years, RO Jewels's highest Days Payable was 11.47. The lowest was 0.52. And the median was 1.42.

BOM:543171's Days Payable is ranked worse than
91.85% of 1080 companies
in the Retail - Cyclical industry
Industry Median: 56.77 vs BOM:543171: 11.47

RO Jewels's Days Payable declined from Dec. 2022 (53.49) to Dec. 2023 (8.61). It may suggest that RO Jewels accelerated paying its suppliers.

RO Jewels Days Payable Historical Data

The historical data trend for RO Jewels'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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RO Jewels Days Payable Chart

RO Jewels Annual Data

Trend

Mar17

Mar18

Mar19

Mar20

Mar21

Mar22

Mar23

Days Payable

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1.42

6.30

11.31

3.62

0.52

RO Jewels Quarterly Data
	Mar17	Mar18	Mar19	Sep19	Mar20	Sep20	Mar21	Sep21	Dec21	Mar22	Jun22	Sep22	Dec22	Mar23	Jun23	Sep23	Dec23
Days Payable	Get a 7-Day Free Trial												53.49	0.24	0.33	7.24	8.61

Competitive Comparison of RO Jewels's Days Payable

For the Luxury Goods subindustry, RO Jewels'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.

RO Jewels's Days Payable Distribution in the Retail - Cyclical Industry

For the Retail - Cyclical industry and Consumer Cyclical sector, RO Jewels's Days Payable distribution charts can be found below:

* The bar in red indicates where RO Jewels's Days Payable falls into.

RO Jewels 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.

RO Jewels'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
=	( (4.572	+	9.773)	/	2 )	/	5040.894	*	365
=	7.1725					/	5040.894	*	365
=	0.52

RO Jewels'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
=	( (15.454	+	0)	/	1 )	/	163.714	*	365 / 4
=	15.454					/	163.714	*	365 / 4
=	8.61

RO Jewels Days Payable Related Terms

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RO Jewels (BOM:543171) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Consumer Cyclical » Retail - Cyclical » RO Jewels Ltd (BOM:543171) » Definitions » Days Payable

Traded in Other Exchanges

N/A

Address

Ground Floor, Hallmark4 Complex, Hari bhakti ni Pole Opp. B.D. College, Shankdi Sheri, Manekchowk, Ahmedabad, GJ, IND, 380001

Website

http://rojewels.co.in

RO Jewels Ltd is engaged in the wholesale business of precious metals and jewelry. It sells gold based chains, bracelets, gold/silver bars, and necklaces. It purchases readymade chains and other jewelry from manufacturers or independent jewelry wholesalers located in Ahmedabad and Mumbai. These are then sold through its showroom situated at Manek Chowk, Ahmedabad, and by the company's marketing and sales team directly to other jewelry stores. Its jewelry is widely sold throughout Gujarat only through B2B marketing and/ or Direct/Outbound marketing strategy.

RO Jewels (BOM:543171) Headlines

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