Pincon Spirit (NSE:PINCON) Days Payable: 2.96 (As of Sep. 2017)


What is Pincon Spirit Days Payable?

Pincon Spirit NSE:PINCON Days Payable is 2.96 as of Sep. 2017.

Pincon Spirit's average Accounts Payable for the six months ended in Sep. 2017 was ₹130 Mil. Pincon Spirit's Cost of Goods Sold for the six months ended in Sep. 2017 was ₹8,015 Mil. Hence, Pincon Spirit's Days Payable for the six months ended in Sep. 2017 was 2.96.

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

NSE:PINCON's Days Payable is not ranked *
in the Beverages - Alcoholic industry.
Industry Median: 80.855
* Ranked among companies with meaningful Days Payable only.

Pincon Spirit's Days Payable increased from Sep. 2016 (1.89) to Sep. 2017 (2.96). It may suggest that Pincon Spirit delayed paying its suppliers.

Pincon Spirit Days Payable Historical Data

* Premium members only.

The historical data trend for Pincon Spirit'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.

Pincon Spirit Days Payable Chart

Pincon Spirit Annual Data
Trend Mar14 Mar15 Mar16 Mar17
Days Payable
3.86 3.89 3.42 3.64

Pincon Spirit Semi-Annual Data
Mar14 Mar15 Mar16 Sep16 Mar17 Sep17
Days Payable Get a 7-Day Free Trial 0.00 0.00 1.89 2.71 2.96

NSE:PINCON vs THST, JCTG, VDKB: Days Payable Comparison

For the Beverages - Wineries & Distilleries subindustry, Pincon Spirit'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.

Pincon Spirit Days Payable vs Beverages - Alcoholic Industry

For the Beverages - Alcoholic industry and Consumer Defensive sector, Pincon Spirit's Days Payable distribution charts can be found below:

* The bar in red indicates where Pincon Spirit's Days Payable falls into.


Pincon Spirit 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.

Pincon Spirit's Days Payable for the fiscal year that ended in Mar. 2017 is calculated as

Days Payable (A: Mar. 2017 )
=Average Accounts Payable /Cost of Goods Sold*Days in Period
=( (Accounts Payable (A: Mar. 2016 ) + Accounts Payable (A: Mar. 2017 )) / count ) / Cost of Goods Sold (A: Mar. 2017 )*Days in Period
=( (70.901 + 215.228) / 2 ) / 14347.219*365
=143.0645 / 14347.219*365
=3.64

Pincon Spirit's Days Payable for the quarter that ended in Sep. 2017 is calculated as:

Days Payable (Q: Sep. 2017 )
=Average Accounts Payable / Cost of Goods Sold*Days in Period
=( (Accounts Payable (Q: Mar. 2017 ) + Accounts Payable (Q: Sep. 2017 )) / count ) / Cost of Goods Sold (Q: Sep. 2017 )*Days in Period
=( (215.228 + 45.049) / 2 ) / 8015.36*365 / 2
=130.1385 / 8015.36*365 / 2
=2.96

* 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.

Frequently Asked Questions Learn more about Days Payable →
What does a Days Payable of 2.96 mean?
Pincon Spirit (NSE:PINCON) has a Days Payable of 2.96 as of Sep. 2017. Days payable represents the average amount of days a company waits to pay its invoices from suppliers. View historical data on Pincon Spirit and its competitors.
Is Pincon Spirit's Days Payable too high?
Pincon Spirit's current Days Payable is 2.96. The Beverages - Alcoholic industry median Days Payable is 80.86. Pincon Spirit's value of 2.96 is 96.3% below this industry median.
How does Pincon Spirit's Days Payable compare to THST and JCTG?
Pincon Spirit's Days Payable of 2.96 can be compared against companies in the Beverages - Alcoholic industry. The industry median Days Payable is 80.86. Pincon Spirit's value of 2.96 is 96.3% below this benchmark. See the competitive comparison table and distribution chart on this page for a detailed peer-by-peer breakdown.
What is a good Days Payable for a Beverages - Alcoholic company?
The median Days Payable among Beverages - Alcoholic companies is 80.86, based on 202 companies in the industry. Companies in the top quartile (top 25%) have a Days Payable significantly above this median, while those in the bottom quartile fall well below. However, Days Payable should not be evaluated in isolation — investors should consider it alongside profitability, growth, and financial strength metrics. Pincon Spirit's current Days Payable of 2.96 is 96.3% below the industry median. Use the industry distribution chart on this page to see where any company falls relative to its peers.
What does a high Days Payable mean?
A high Days Payable can signal that a stock is expensive relative to its fundamentals. Days payable represents the average amount of days a company waits to pay its invoices from suppliers. View historical data on Pincon Spirit and its competitors. For the Beverages - Alcoholic industry, the median Days Payable is 80.86 — values significantly above this may indicate overvaluation, while values below may suggest a bargain or underlying issues. Pincon Spirit's current Days Payable is 2.96. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is Pincon Spirit stock overvalued right now?
Pincon Spirit (NSE:PINCON) has a current Days Payable of 2.96. The current Days Payable is 2.96 and 96.3% below the Beverages - Alcoholic industry median of 80.86. Investors should evaluate multiple metrics — including profitability, growth, and financial strength — before making a decision.
How is Days Payable calculated?
Days Payable is calculated from a company's financial statements. For Pincon Spirit (NSE:PINCON), the current Days Payable is 2.96 as of Sep. 2017. GuruFocus calculates this using data sourced from SEC filings and annual reports. See the calculation section and 30-year financial data on this page for the full breakdown.

Pincon Spirit Business Description

Address Number 103, 3rd Floor, Samskruthi Chambers, K.H Road, Shanthi Nagar, Bengaluru, KA, IND, 560027
Pincon Spirit Ltd is engaged in blending, bottling and wholesale distributions of Indian Made Foreign Liquor (IMFL), Indian Made Indian Liquor (IMIL) and refining, packaging and wholesale distributions of fast moving consumer goods. The company derives its revenue from its Indian Made Foreign Liquor (IMFL), Indian Made Indian Liquor (IMIL) segment. The Edible oils business segment is engaged in the manufacture of edible oils and the Company owns a refining and packaging unit.