Shiv Texchem (BOM:544272) Days Payable : 51.35 (As of Mar. 2024)

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What is Shiv Texchem Days Payable?

Shiv Texchem's average Accounts Payable for the six months ended in Mar. 2024 was ₹1,967 Mil. Shiv Texchem's Cost of Goods Sold for the six months ended in Mar. 2024 was ₹13,979 Mil. Hence, Shiv Texchem's Days Payable for the six months ended in Mar. 2024 was 25.67.

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

BOM:544272' s Days Payable Range Over the Past 10 Years
Min: 51.35 Med: 54.63 Max: 88.03
Current: 51.35

During the past 3 years, Shiv Texchem's highest Days Payable was 88.03. The lowest was 51.35. And the median was 54.63.

BOM:544272's Days Payable is ranked worse than
57.48% of 1510 companies
in the Chemicals industry
Industry Median: 58.385 vs BOM:544272: 51.35

Shiv Texchem's Days Payable declined from Mar. 2022 (88.03) to Mar. 2024 (51.35). It may suggest that Shiv Texchem accelerated paying its suppliers.

Shiv Texchem Days Payable Historical Data

The historical data trend for Shiv Texchem'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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Shiv Texchem Days Payable Chart

Shiv Texchem Annual Data

Trend

Mar22

Mar23

Mar24

Days Payable

88.03

54.63

51.35

Shiv Texchem Semi-Annual Data
	Mar22	Mar23	Mar24
Days Payable	88.03	54.63	51.35

Competitive Comparison of Shiv Texchem's Days Payable

For the Chemicals subindustry, Shiv Texchem'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.

Shiv Texchem's Days Payable Distribution in the Chemicals Industry

For the Chemicals industry and Basic Materials sector, Shiv Texchem's Days Payable distribution charts can be found below:

* The bar in red indicates where Shiv Texchem's Days Payable falls into.

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Shiv Texchem 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.

Shiv Texchem'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
=	( (1156.662	+	2776.432)	/	2 )	/	13978.512	*	365
=	1966.547					/	13978.512	*	365
=	51.35

Shiv Texchem'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: Mar. 2023 )	+	Accounts Payable (Q: Mar. 2024 ))	/	count )	/	Cost of Goods Sold (Q: Mar. 2024 )	*	Days in Period
=	( (1156.662	+	2776.432)	/	2 )	/	13978.512	*	365 / 2
=	1966.547					/	13978.512	*	365 / 2
=	25.67

Shiv Texchem Days Payable Related Terms

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Shiv Texchem Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Basic Materials » Chemicals » Shiv Texchem Ltd (BOM:544272) » Definitions » Days Payable

Traded in Other Exchanges

N/A

Address

Hasmukh Nagar, 602, 6th Floor, Savoy Chamber, Santacruz West, Mumbai, MH, IND, 400 054

Website

https://shivtexchem.com

Shiv Texchem Ltd is engaged in importing and distributing hydrocarbon-based chemicals of the product family viz. Acetyls, Alcohol, Aromatics, Nitriles, Monomers, Glycols Phenolic, Ketones, and Isocyanates, which are critical raw materials and inputs and have applications across a wide spectrum of industries like paints and coatings, printing inks, agro-chemical products, specialty polymers, pharmaceuticals products, and specialty industrial chemicals.

Shiv Texchem Headlines

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