Sigachi Industries (BOM:543389) Days Payable : 70.46 (As of Dec. 2024)

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What is Sigachi Industries Days Payable?

Sigachi Industries's average Accounts Payable for the three months ended in Dec. 2024 was ₹500 Mil. Sigachi Industries's Cost of Goods Sold for the three months ended in Dec. 2024 was ₹647 Mil. Hence, Sigachi Industries's Days Payable for the three months ended in Dec. 2024 was 70.46.

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

BOM:543389' s Days Payable Range Over the Past 10 Years
Min: 23.3 Med: 34.5 Max: 55.45
Current: 54.42

During the past 6 years, Sigachi Industries's highest Days Payable was 55.45. The lowest was 23.30. And the median was 34.50.

BOM:543389's Days Payable is ranked worse than
69.66% of 936 companies
in the Drug Manufacturers industry
Industry Median: 87.515 vs BOM:543389: 54.42

Sigachi Industries's Days Payable increased from Dec. 2023 (26.99) to Dec. 2024 (70.46). It may suggest that Sigachi Industries delayed paying its suppliers.

Sigachi Industries Days Payable Historical Data

The historical data trend for Sigachi Industries'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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Sigachi Industries Days Payable Chart

Sigachi Industries Annual Data

Trend

Mar19

Mar20

Mar21

Mar22

Mar23

Mar24

Days Payable

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33.75

23.30

24.46

35.24

55.45

Sigachi Industries Quarterly Data
	Mar19	Mar20	Jun20	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															26.99	51.67	108.33	69.04	70.46

Competitive Comparison of Sigachi Industries's Days Payable

For the Drug Manufacturers - Specialty & Generic subindustry, Sigachi Industries'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.

Sigachi Industries's Days Payable Distribution in the Drug Manufacturers Industry

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

* The bar in red indicates where Sigachi Industries's Days Payable falls into.

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Sigachi Industries 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.

Sigachi Industries'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
=	( (208.493	+	478.956)	/	2 )	/	2262.366	*	365
=	343.7245					/	2262.366	*	365
=	55.45

Sigachi Industries'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
=	( (499.933	+	0)	/	1 )	/	647.451	*	365 / 4
=	499.933					/	647.451	*	365 / 4
=	70.46

Sigachi Industries Days Payable Related Terms

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Sigachi Industries Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Healthcare » Drug Manufacturers » Sigachi Industries Ltd (BOM:543389) » Definitions » Days Payable

Traded in Other Exchanges

SIGACHI:India

Address

No. 229/1 & 90, Kalyan’s Tulsiram Chambers, Madinaguda, Hyderabad, TG, IND, 500 049

Website

https://www.sigachi.com

Sigachi Industries Ltd is engaged in the manufacturing of Microcrystalline Cellulose (MCC), which is widely used as an excipient for finished dosages in the pharmaceutical industry. The Company is mainly pursuing only one activity which is manufacturing and selling of MCC. The company manufactures MCC of various grades ranging from 15 microns to 250 microns and the crucial grades of MCC manufactured and marketed by the company are branded as HiCel and AceCel.

Sigachi Industries Headlines

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