Polysil Irrigation Systems (NSE:POLYSIL) Days Payable : 158.59 (As of Mar. 2023)

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What is Polysil Irrigation Systems Days Payable?

Polysil Irrigation Systems's average Accounts Payable for the six months ended in Mar. 2023 was ₹112.6 Mil. Polysil Irrigation Systems's Cost of Goods Sold for the six months ended in Mar. 2023 was ₹259.2 Mil. Hence, Polysil Irrigation Systems's Days Payable for the six months ended in Mar. 2023 was 79.29.

The historical rank and industry rank for Polysil Irrigation Systems's Days Payable or its related term are showing as below:

NSE:POLYSIL's Days Payable is not ranked ^*
in the Industrial Products industry.
Industry Median: 76.23
* Ranked among companies with meaningful Days Payable only.

Polysil Irrigation Systems's Days Payable increased from Mar. 2021 (107.54) to Mar. 2023 (158.59). It may suggest that Polysil Irrigation Systems delayed paying its suppliers.

Polysil Irrigation Systems Days Payable Historical Data

The historical data trend for Polysil Irrigation Systems'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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Polysil Irrigation Systems Days Payable Chart

Polysil Irrigation Systems Annual Data

Trend

Mar21

Mar22

Mar23

Days Payable

107.54

171.75

158.59

Polysil Irrigation Systems Semi-Annual Data
	Mar21	Mar22	Mar23
Days Payable	107.54	171.75	158.59

Competitive Comparison of Polysil Irrigation Systems's Days Payable

For the Specialty Industrial Machinery subindustry, Polysil Irrigation Systems'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.

Polysil Irrigation Systems's Days Payable Distribution in the Industrial Products Industry

For the Industrial Products industry and Industrials sector, Polysil Irrigation Systems's Days Payable distribution charts can be found below:

* The bar in red indicates where Polysil Irrigation Systems's Days Payable falls into.

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Polysil Irrigation Systems 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.

Polysil Irrigation Systems's Days Payable for the fiscal year that ended in Mar. 2023 is calculated as

	Days Payable (A: Mar. 2023 )
=	Average Accounts Payable					/	Cost of Goods Sold	*	Days in Period
=	( (Accounts Payable (A: Mar. 2022 )	+	Accounts Payable (A: Mar. 2023 ))	/	count )	/	Cost of Goods Sold (A: Mar. 2023 )	*	Days in Period
=	( (90.735	+	134.493)	/	2 )	/	259.187	*	365
=	112.614					/	259.187	*	365
=	158.59

Polysil Irrigation Systems's Days Payable for the quarter that ended in Mar. 2023 is calculated as:

	Days Payable (Q: Mar. 2023 )
=	Average Accounts Payable					/	Cost of Goods Sold	*	Days in Period
=	( (Accounts Payable (Q: Mar. 2022 )	+	Accounts Payable (Q: Mar. 2023 ))	/	count )	/	Cost of Goods Sold (Q: Mar. 2023 )	*	Days in Period
=	( (90.735	+	134.493)	/	2 )	/	259.187	*	365 / 2
=	112.614					/	259.187	*	365 / 2
=	79.29

Polysil Irrigation Systems Days Payable Related Terms

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Polysil Irrigation Systems Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Industrials » Industrial Products » Polysil Irrigation Systems Ltd (NSE:POLYSIL) » Definitions » Days Payable

Comparable Companies

Traded in Other Exchanges

N/A

Address

Survey No- 340/1, Beside Hystuff Steel, At Post Raniya, Taluka Savli, District Vadodara, Vadodara, GJ, IND, 391780

Website

https://www.polysilirrigation.com

Polysil Irrigation Systems Ltd is engaged in manufacturing and sale of HDPE pipes, fittings and micro irrigation systems, such as drip irrigation system and sprinkler irrigation system, its components, accessories and allied products. Its product range includes HDPE Pipes, pipe fittings and irrigation equipment's, including disc filters, screen filters, hydro-cyclone filters, sand filters (gravel), compression fittings, valves (electrical and mechanicals), fertilizer tanks, Digital Controllers, Pressure Gauges, etc.

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