Saakshi Medtech and Panels (NSE:SAAKSHI) Days Payable : 68.25 (As of Mar. 2024)

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What is Saakshi Medtech and Panels Days Payable?

Saakshi Medtech and Panels's average Accounts Payable for the six months ended in Mar. 2024 was ₹148 Mil. Saakshi Medtech and Panels's Cost of Goods Sold for the six months ended in Mar. 2024 was ₹790 Mil. Hence, Saakshi Medtech and Panels's Days Payable for the six months ended in Mar. 2024 was 34.13.

The historical rank and industry rank for Saakshi Medtech and Panels's Days Payable or its related term are showing as below:

NSE:SAAKSHI' s Days Payable Range Over the Past 10 Years
Min: 68.25 Med: 70.24 Max: 77.11
Current: 68.25

During the past 5 years, Saakshi Medtech and Panels's highest Days Payable was 77.11. The lowest was 68.25. And the median was 70.24.

NSE:SAAKSHI's Days Payable is ranked worse than
55.67% of 2944 companies
in the Industrial Products industry
Industry Median: 76.18 vs NSE:SAAKSHI: 68.25

Saakshi Medtech and Panels's Days Payable declined from Mar. 2022 (70.24) to Mar. 2024 (68.25). It may suggest that Saakshi Medtech and Panels accelerated paying its suppliers.

Saakshi Medtech and Panels Days Payable Historical Data

The historical data trend for Saakshi Medtech and Panels'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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Saakshi Medtech and Panels Days Payable Chart

Saakshi Medtech and Panels Annual Data

Trend

Mar20

Mar21

Mar22

Mar23

Mar24

Days Payable

68.91

76.06

70.24

77.11

68.25

Saakshi Medtech and Panels Semi-Annual Data
	Mar20	Mar21	Mar22	Mar23	Mar24
Days Payable	68.91	76.06	70.24	77.11	68.25

Competitive Comparison of Saakshi Medtech and Panels's Days Payable

For the Electrical Equipment & Parts subindustry, Saakshi Medtech and Panels'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.

Saakshi Medtech and Panels's Days Payable Distribution in the Industrial Products Industry

For the Industrial Products industry and Industrials sector, Saakshi Medtech and Panels's Days Payable distribution charts can be found below:

* The bar in red indicates where Saakshi Medtech and Panels's Days Payable falls into.

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Saakshi Medtech and Panels 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.

Saakshi Medtech and Panels'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
=	( (203.276	+	92.155)	/	2 )	/	789.944	*	365
=	147.7155					/	789.944	*	365
=	68.25

Saakshi Medtech and Panels'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: Mar. 2023 )	+	Accounts Payable (Q: Mar. 2024 ))	/	count )	/	Cost of Goods Sold (Q: Mar. 2024 )	*	Days in Period
=	( (203.276	+	92.155)	/	2 )	/	789.944	*	365 / 2
=	147.7155					/	789.944	*	365 / 2
=	34.13

Saakshi Medtech and Panels Days Payable Related Terms

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Saakshi Medtech and Panels Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Industrials » Industrial Products » Saakshi Medtech and Panels Ltd (NSE:SAAKSHI) » Definitions » Days Payable

Traded in Other Exchanges

N/A

Address

Plot No. EL-23, J Block, MIDC Industrial Area, Bhosari, Pune, MH, IND, 411026

Website

https://www.smtpl.co

Saakshi Medtech and Panels Ltd is a diversified company engaged in manufacturing of Electrical Control Panels and Cabinets used in elevators, air compressors, renewal energy industry, oil & gas exploration industry, electrical vehicle charging stations etc, Medical X Ray System used in healthcare industry, Fabrication works for locomotives and wire harness division for their captive consumption in electrical control panels and for supply to air compressor industry. Their comprehensive solutions include design, process engineering and manufacturing including fabrication, assembly and testing facilities. It designs, programs and assembles Electrical Control Panels and Cabinets comprising of micro controller, programmable logic controllers and SCADA system.

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