Pioneer Embroideries (NSE:PIONEEREMB) Days Payable : 50.64 (As of Mar. 2024)

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What is Pioneer Embroideries Days Payable?

Pioneer Embroideries's average Accounts Payable for the three months ended in Mar. 2024 was ₹314 Mil. Pioneer Embroideries's Cost of Goods Sold for the three months ended in Mar. 2024 was ₹565 Mil. Hence, Pioneer Embroideries's Days Payable for the three months ended in Mar. 2024 was 50.64.

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

NSE:PIONEEREMB' s Days Payable Range Over the Past 10 Years
Min: 44.01 Med: 60.47 Max: 73
Current: 55.01

During the past 13 years, Pioneer Embroideries's highest Days Payable was 73.00. The lowest was 44.01. And the median was 60.47.

NSE:PIONEEREMB's Days Payable is ranked worse than
51.08% of 1020 companies
in the Manufacturing - Apparel & Accessories industry
Industry Median: 56.16 vs NSE:PIONEEREMB: 55.01

Pioneer Embroideries's Days Payable declined from Mar. 2023 (55.19) to Mar. 2024 (50.64). It may suggest that Pioneer Embroideries accelerated paying its suppliers.

Pioneer Embroideries Days Payable Historical Data

The historical data trend for Pioneer Embroideries'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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Pioneer Embroideries Days Payable Chart

Pioneer Embroideries Annual Data

Trend

Mar15

Mar16

Mar17

Mar18

Mar19

Mar20

Mar21

Mar22

Mar23

Mar24

Days Payable

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71.84

67.90

44.01

47.64

53.26

Pioneer Embroideries Quarterly Data
	Jun19	Sep19	Dec19	Mar20	Jun20	Sep20	Dec20	Mar21	Jun21	Sep21	Dec21	Mar22	Jun22	Sep22	Dec22	Mar23	Jun23	Sep23	Dec23	Mar24
Days Payable	Get a 7-Day Free Trial															55.19	54.53	60.20	58.87	50.64

Competitive Comparison of Pioneer Embroideries's Days Payable

For the Textile Manufacturing subindustry, Pioneer Embroideries'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.

Pioneer Embroideries's Days Payable Distribution in the Manufacturing - Apparel & Accessories Industry

For the Manufacturing - Apparel & Accessories industry and Consumer Cyclical sector, Pioneer Embroideries's Days Payable distribution charts can be found below:

* The bar in red indicates where Pioneer Embroideries's Days Payable falls into.

Pioneer Embroideries 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.

Pioneer Embroideries'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
=	( (271.46	+	313.711)	/	2 )	/	2005.231	*	365
=	292.5855					/	2005.231	*	365
=	53.26

Pioneer Embroideries'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	+	313.711)	/	1 )	/	565.253	*	365 / 4
=	313.711					/	565.253	*	365 / 4
=	50.64

Pioneer Embroideries Days Payable Related Terms

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Pioneer Embroideries (NSE:PIONEEREMB) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Consumer Cyclical » Manufacturing - Apparel & Accessories » Pioneer Embroideries Ltd (NSE:PIONEEREMB) » Definitions » Days Payable

Traded in Other Exchanges

514300:India

Address

3-A Udyog Nagar, Off S. V. Road, 2nd Floor, Orient House, Unit No. 21 to 25, Goregaon (West), Mumbai, MH, IND, 400062

Website

https://www.pelhakoba.com

Pioneer Embroideries Ltd is a manufacturer and exporter of Dope Dyed Polyester Yarn (DDPY), Embroidery and Lace Products. It has only one operating segment being Textile. The company's products include Dope dyed polyester yarns; embroidered laces, including fabric and guipure, and embroidered dress material; braided laces; embroidered fabrics, allover fabrics, and laces, and crochet laces.

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