Siyaram Silk Mills (NSE:SIYSIL) Days Payable : 47.29 (As of Mar. 2024)

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What is Siyaram Silk Mills Days Payable?

Siyaram Silk Mills's average Accounts Payable for the three months ended in Mar. 2024 was ₹1,645 Mil. Siyaram Silk Mills's Cost of Goods Sold for the three months ended in Mar. 2024 was ₹3,175 Mil. Hence, Siyaram Silk Mills's Days Payable for the three months ended in Mar. 2024 was 47.29.

The historical rank and industry rank for Siyaram Silk Mills's Days Payable or its related term are showing as below:

NSE:SIYSIL' s Days Payable Range Over the Past 10 Years
Min: 59.83 Med: 69.83 Max: 95.93
Current: 66.85

During the past 13 years, Siyaram Silk Mills's highest Days Payable was 95.93. The lowest was 59.83. And the median was 69.83.

NSE:SIYSIL's Days Payable is ranked better than
58.19% of 1019 companies
in the Manufacturing - Apparel & Accessories industry
Industry Median: 56.07 vs NSE:SIYSIL: 66.85

Siyaram Silk Mills's Days Payable declined from Mar. 2023 (47.35) to Mar. 2024 (47.29). It may suggest that Siyaram Silk Mills accelerated paying its suppliers.

Siyaram Silk Mills Days Payable Historical Data

The historical data trend for Siyaram Silk Mills'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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Siyaram Silk Mills Days Payable Chart

Siyaram Silk Mills Annual Data

Trend

Mar15

Mar16

Mar17

Mar18

Mar19

Mar20

Mar21

Mar22

Mar23

Mar24

Days Payable

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73.31

95.93

72.31

68.48

65.48

Siyaram Silk Mills 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															47.35	108.87	60.47	75.32	47.29

Competitive Comparison of Siyaram Silk Mills's Days Payable

For the Textile Manufacturing subindustry, Siyaram Silk Mills'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.

Siyaram Silk Mills's Days Payable Distribution in the Manufacturing - Apparel & Accessories Industry

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

* The bar in red indicates where Siyaram Silk Mills's Days Payable falls into.

Siyaram Silk Mills 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.

Siyaram Silk Mills'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
=	( (1922.38	+	1645.4)	/	2 )	/	9944.1	*	365
=	1783.89					/	9944.1	*	365
=	65.48

Siyaram Silk Mills'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	+	1645.4)	/	1 )	/	3175.1	*	365 / 4
=	1645.4					/	3175.1	*	365 / 4
=	47.29

Siyaram Silk Mills Days Payable Related Terms

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Siyaram Silk Mills (NSE:SIYSIL) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Consumer Cyclical » Manufacturing - Apparel & Accessories » Siyaram Silk Mills Ltd (NSE:SIYSIL) » Definitions » Days Payable

Traded in Other Exchanges

503811:India

Address

Senapati Bapat Marg, B-5, Trade World, Kamala City, Kamala Mills Compound, Lower Parel (West), Mumbai, MH, IND, 400 013

Website

https://www.siyaram.com

Siyaram Silk Mills Ltd is an Indian company that is engaged in the manufacturing of suiting and shirting fabrics and readymade garments. It sells its products under the brand name Cadini, Siyaram's, Oxemberg, and others. The company produces fashionable curtains and upholstery fabrics under the Casa Moda brand. The company operates a chain of retail outlets across India The company earns its revenue from the textile business.

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