Premier Polyfilm (NSE:PREMIERPOL) Days Payable : 21.27 (As of Mar. 2024)

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What is Premier Polyfilm Days Payable?

Premier Polyfilm's average Accounts Payable for the three months ended in Mar. 2024 was ₹104 Mil. Premier Polyfilm's Cost of Goods Sold for the three months ended in Mar. 2024 was ₹446 Mil. Hence, Premier Polyfilm's Days Payable for the three months ended in Mar. 2024 was 21.27.

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

NSE:PREMIERPOL' s Days Payable Range Over the Past 10 Years
Min: 26.38 Med: 37.26 Max: 53.36
Current: 33.85

During the past 13 years, Premier Polyfilm's highest Days Payable was 53.36. The lowest was 26.38. And the median was 37.26.

NSE:PREMIERPOL's Days Payable is ranked worse than
76.93% of 1504 companies
in the Chemicals industry
Industry Median: 61.065 vs NSE:PREMIERPOL: 33.85

Premier Polyfilm's Days Payable declined from Mar. 2023 (40.23) to Mar. 2024 (21.27). It may suggest that Premier Polyfilm accelerated paying its suppliers.

Premier Polyfilm Days Payable Historical Data

The historical data trend for Premier Polyfilm'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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Premier Polyfilm Days Payable Chart

Premier Polyfilm Annual Data

Trend

Mar15

Mar16

Mar17

Mar18

Mar19

Mar20

Mar21

Mar22

Mar23

Mar24

Days Payable

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38.18

31.17

26.38

36.34

31.29

Premier Polyfilm 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															40.23	41.68	37.05	41.73	21.27

Competitive Comparison of Premier Polyfilm's Days Payable

For the Specialty Chemicals subindustry, Premier Polyfilm'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.

Premier Polyfilm's Days Payable Distribution in the Chemicals Industry

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

* The bar in red indicates where Premier Polyfilm's Days Payable falls into.

Premier Polyfilm 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.

Premier Polyfilm'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
=	( (188.1	+	104)	/	2 )	/	1703.7	*	365
=	146.05					/	1703.7	*	365
=	31.29

Premier Polyfilm'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	+	104)	/	1 )	/	446.1	*	365 / 4
=	104					/	446.1	*	365 / 4
=	21.27

Premier Polyfilm Days Payable Related Terms

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Premier Polyfilm (NSE:PREMIERPOL) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Basic Materials » Chemicals » Premier Polyfilm Ltd (NSE:PREMIERPOL) » Definitions » Days Payable

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514354:India

Address

Sahibabad Industrial Area, 40/1A, Site IV, Sahibabad, Ghaziabad, UP, IND, 201010

Website

https://www.premierpoly.com

Premier Polyfilm Ltd is engaged in the manufacturing and export of calendared PVC products. Its operating segment is manufacturing and sale of PVC films and sheets, and thus generates entire revenue from it. The products of the company include PVC flooring, PVC sheeting, PVC flexible film, calendared leather cloth, humidity barrier, PVC Geomembrane, printed and technical flooring, high voltage insulated mats, and others. It serves various sectors such as agriculture, automobiles, building and construction, electrical and electronics, food and pharmaceuticals, sports and leisure, and others.

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