Parin Enterprises (NSE:PARIN) Days Payable : 166.59 (As of Sep. 2024)

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What is Parin Enterprises Days Payable?

Parin Enterprises's average Accounts Payable for the six months ended in Sep. 2024 was ₹200.2 Mil. Parin Enterprises's Cost of Goods Sold for the six months ended in Sep. 2024 was ₹219.3 Mil. Hence, Parin Enterprises's Days Payable for the six months ended in Sep. 2024 was 166.59.

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

NSE:PARIN' s Days Payable Range Over the Past 10 Years
Min: 38.21 Med: 83.85 Max: 196.97
Current: 184.63

During the past 11 years, Parin Enterprises's highest Days Payable was 196.97. The lowest was 38.21. And the median was 83.85.

NSE:PARIN's Days Payable is ranked better than
92.29% of 415 companies
in the Furnishings, Fixtures & Appliances industry
Industry Median: 68.66 vs NSE:PARIN: 184.63

Parin Enterprises's Days Payable declined from Sep. 2023 (203.68) to Sep. 2024 (166.59). It may suggest that Parin Enterprises accelerated paying its suppliers.

Parin Enterprises Days Payable Historical Data

The historical data trend for Parin Enterprises'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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Parin Enterprises Days Payable Chart

Parin Enterprises Annual Data

Trend

Mar15

Mar16

Mar17

Mar18

Mar19

Mar20

Mar21

Mar22

Mar23

Mar24

Days Payable

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111.97

117.15

115.54

193.99

196.97

Parin Enterprises Semi-Annual Data
	Mar14	Mar15	Mar16	Mar17	Mar18	Sep18	Mar19	Sep19	Mar20	Sep20	Mar21	Sep21	Mar22	Sep22	Mar23	Sep23	Mar24	Sep24
Days Payable	Get a 7-Day Free Trial													228.33	103.97	203.68	183.57	166.59

Competitive Comparison of Parin Enterprises's Days Payable

For the Furnishings, Fixtures & Appliances subindustry, Parin Enterprises'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.

Parin Enterprises's Days Payable Distribution in the Furnishings, Fixtures & Appliances Industry

For the Furnishings, Fixtures & Appliances industry and Consumer Cyclical sector, Parin Enterprises's Days Payable distribution charts can be found below:

* The bar in red indicates where Parin Enterprises's Days Payable falls into.

Parin Enterprises 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.

Parin Enterprises'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
=	( (371.104	+	176.924)	/	2 )	/	507.761	*	365
=	274.014					/	507.761	*	365
=	196.97

Parin Enterprises's Days Payable for the quarter that ended in Sep. 2024 is calculated as:

	Days Payable (Q: Sep. 2024 )
=	Average Accounts Payable					/	Cost of Goods Sold	*	Days in Period
=	( (Accounts Payable (Q: Mar. 2024 )	+	Accounts Payable (Q: Sep. 2024 ))	/	count )	/	Cost of Goods Sold (Q: Sep. 2024 )	*	Days in Period
=	( (176.924	+	223.382)	/	2 )	/	219.269	*	365 / 2
=	200.153					/	219.269	*	365 / 2
=	166.59

Parin Enterprises Days Payable Related Terms

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Parin Enterprises Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Consumer Cyclical » Furnishings, Fixtures & Appliances » Parin Enterprises Ltd (NSE:PARIN) » Definitions » Days Payable

Comparable Companies

Traded in Other Exchanges

N/A

Address

Taluka Gondal , National Highway 8B, Plot No. 1, 2 & 3, Revenue Survey No. 33, Billayala village, Rajkot, GJ, IND, 360311

Website

https://www.parinfurniture.com

Parin Enterprises Ltd formerly, Parin Furniture Ltd is engaged in manufacturing furniture, fixtures & related items. The company offers home furniture, office furniture, hospital furniture, educational furniture, and Institutional furniture. It generates its revenue from the sale of furniture products and interest income.

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