Silkflex Polymers (India) (NSE:SILKFLEX) Days Payable : 35.45 (As of Sep. 2024)

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What is Silkflex Polymers (India) Days Payable?

Silkflex Polymers (India)'s average Accounts Payable for the six months ended in Sep. 2024 was ₹49.4 Mil. Silkflex Polymers (India)'s Cost of Goods Sold for the six months ended in Sep. 2024 was ₹254.3 Mil. Hence, Silkflex Polymers (India)'s Days Payable for the six months ended in Sep. 2024 was 35.45.

The historical rank and industry rank for Silkflex Polymers (India)'s Days Payable or its related term are showing as below:

NSE:SILKFLEX' s Days Payable Range Over the Past 10 Years
Min: 10.35 Med: 12.49 Max: 70.91
Current: 70.91

During the past 3 years, Silkflex Polymers (India)'s highest Days Payable was 70.91. The lowest was 10.35. And the median was 12.49.

NSE:SILKFLEX's Days Payable is ranked better than
59.87% of 1515 companies
in the Chemicals industry
Industry Median: 60.15 vs NSE:SILKFLEX: 70.91

Silkflex Polymers (India)'s Days Payable increased from Mar. 2023 (0.00) to Sep. 2024 (35.45). It may suggest that Silkflex Polymers (India) delayed paying its suppliers.

Silkflex Polymers (India) Days Payable Historical Data

The historical data trend for Silkflex Polymers (India)'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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Silkflex Polymers (India) Days Payable Chart

Silkflex Polymers (India) Annual Data

Trend

Mar21

Mar22

Mar23

Days Payable

12.49

10.35

16.34

Silkflex Polymers (India) Semi-Annual Data
	Mar21	Mar22	Mar23	Sep23	Sep24
Days Payable	-	-	-	15.59	35.45

Competitive Comparison of Silkflex Polymers (India)'s Days Payable

For the Specialty Chemicals subindustry, Silkflex Polymers (India)'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.

Silkflex Polymers (India)'s Days Payable Distribution in the Chemicals Industry

For the Chemicals industry and Basic Materials sector, Silkflex Polymers (India)'s Days Payable distribution charts can be found below:

* The bar in red indicates where Silkflex Polymers (India)'s Days Payable falls into.

Silkflex Polymers (India) 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.

Silkflex Polymers (India)'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
=	( (5.58	+	16.775)	/	2 )	/	249.609	*	365
=	11.1775					/	249.609	*	365
=	16.34

Silkflex Polymers (India)'s Days Payable for the quarter that ended in Sep. 2024 is calculated as:

	Days Payable (Q: Sep. 2024 )
=	Average Accounts Payable					/	Cost of Goods Sold	*	Days in Period
=	( (Accounts Payable (Q: Sep. 2023 )	+	Accounts Payable (Q: Sep. 2024 ))	/	count )	/	Cost of Goods Sold (Q: Sep. 2024 )	*	Days in Period
=	( (12.375	+	86.41)	/	2 )	/	254.254	*	365 / 2
=	49.3925					/	254.254	*	365 / 2
=	35.45

Silkflex Polymers (India) Days Payable Related Terms

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Silkflex Polymers (India) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Basic Materials » Chemicals » Silkflex Polymers (India) Ltd (NSE:SILKFLEX) » Definitions » Days Payable

Comparable Companies

Traded in Other Exchanges

N/A

Address

Daga Complex, Sulati Jaladhulagori, Sankrail, Howrah, WB, IND, 711302

Website

https://www.silkflexindia.in

Silkflex Polymers (India) Ltd is engaged in the trading of textile printing inks and water-based wood coating polymer products of a Malaysian brand- "Silkflex" produced by Silkflex Polymers SDN BHD. The business is divided into two categories i.e., textile printing ink products and wood coating products. Textile printing ink products include screen coating, Glue, Machine grade non-pvc inks, Additives, and Specialty water-based non-pvc inks. Wood coating products include Base coat, Top coat, Stains, and Sealer.

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