Syrma SGS Technology (BOM:543573) Days Payable : 118.84 (As of Mar. 2024)

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What is Syrma SGS Technology Days Payable?

Syrma SGS Technology's average Accounts Payable for the three months ended in Mar. 2024 was ₹12,232 Mil. Syrma SGS Technology's Cost of Goods Sold for the three months ended in Mar. 2024 was ₹9,393 Mil. Hence, Syrma SGS Technology's Days Payable for the three months ended in Mar. 2024 was 118.84.

The historical rank and industry rank for Syrma SGS Technology's Days Payable or its related term are showing as below:

BOM:543573' s Days Payable Range Over the Past 10 Years
Min: 86.31 Med: 109.62 Max: 124.58
Current: 115.51

During the past 5 years, Syrma SGS Technology's highest Days Payable was 124.58. The lowest was 86.31. And the median was 109.62.

BOM:543573's Days Payable is ranked better than
76.28% of 2424 companies
in the Hardware industry
Industry Median: 68.08 vs BOM:543573: 115.51

Syrma SGS Technology's Days Payable increased from Mar. 2023 (79.73) to Mar. 2024 (118.84). It may suggest that Syrma SGS Technology delayed paying its suppliers.

Syrma SGS Technology Days Payable Historical Data

The historical data trend for Syrma SGS Technology'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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Syrma SGS Technology Days Payable Chart

Syrma SGS Technology Annual Data

Trend

Mar20

Mar21

Mar22

Mar23

Mar24

Days Payable

112.80

109.62

107.86

86.31

124.58

Syrma SGS Technology Quarterly Data
	Mar20	Mar21	Sep21	Mar22	Jun22	Sep22	Dec22	Mar23	Jun23	Sep23	Dec23	Mar24
Days Payable	Get a 7-Day Free Trial							79.73	95.03	110.60	111.49	118.84

Competitive Comparison of Syrma SGS Technology's Days Payable

For the Electronic Components subindustry, Syrma SGS Technology'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.

Syrma SGS Technology's Days Payable Distribution in the Hardware Industry

For the Hardware industry and Technology sector, Syrma SGS Technology's Days Payable distribution charts can be found below:

* The bar in red indicates where Syrma SGS Technology's Days Payable falls into.

Syrma SGS Technology 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.

Syrma SGS Technology'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
=	( (4880.77	+	12232.44)	/	2 )	/	25069.39	*	365
=	8556.605					/	25069.39	*	365
=	124.58

Syrma SGS Technology'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	+	12232.44)	/	1 )	/	9392.88	*	365 / 4
=	12232.44					/	9392.88	*	365 / 4
=	118.84

Syrma SGS Technology Days Payable Related Terms

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Syrma SGS Technology (BOM:543573) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Technology » Hardware » Syrma SGS Technology Ltd (BOM:543573) » Definitions » Days Payable

Comparable Companies

Traded in Other Exchanges

SYRMA:India

Address

MEPZ-SEZ, Sanatorium, Plot B27, Phase II, Zone B, Tambaram, Chennai, TN, IND, 600 045

Website

https://www.syrmasgs.com

Syrma SGS Technology Ltd is a technology focussed engineering and design company engaged in turnkey electronics manufacturing services, specializing in precision manufacturing for diverse end-use industries, including industrial appliances, automotive, healthcare, consumer products and IT industries.

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