Sky Gold and Diamonds (NSE:SKYGOLD) Days Payable : 0.96 (As of Dec. 2024)

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What is Sky Gold and Diamonds Days Payable?

Sky Gold and Diamonds's average Accounts Payable for the three months ended in Dec. 2024 was ₹97 Mil. Sky Gold and Diamonds's Cost of Goods Sold for the three months ended in Dec. 2024 was ₹9,251 Mil. Hence, Sky Gold and Diamonds's Days Payable for the three months ended in Dec. 2024 was 0.96.

The historical rank and industry rank for Sky Gold and Diamonds's Days Payable or its related term are showing as below:

NSE:SKYGOLD' s Days Payable Range Over the Past 10 Years
Min: 0.03 Med: 0.31 Max: 0.7
Current: 0.7

During the past 11 years, Sky Gold and Diamonds's highest Days Payable was 0.70. The lowest was 0.03. And the median was 0.31.

NSE:SKYGOLD's Days Payable is ranked worse than
99.45% of 1090 companies
in the Retail - Cyclical industry
Industry Median: 54.4 vs NSE:SKYGOLD: 0.70

Sky Gold and Diamonds's Days Payable increased from Dec. 2023 (0.41) to Dec. 2024 (0.96). It may suggest that Sky Gold and Diamonds delayed paying its suppliers.

Sky Gold and Diamonds Days Payable Historical Data

The historical data trend for Sky Gold and Diamonds'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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Sky Gold and Diamonds Days Payable Chart

Sky Gold and Diamonds Annual Data

Trend

Mar15

Mar16

Mar17

Mar18

Mar19

Mar20

Mar21

Mar22

Mar23

Mar24

Days Payable

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0.30

0.26

0.35

0.48

0.65

Sky Gold and Diamonds Quarterly Data
	Sep18	Mar19	Sep19	Mar20	Sep20	Mar21	Sep21	Dec21	Mar22	Jun22	Sep22	Dec22	Mar23	Jun23	Sep23	Dec23	Mar24	Jun24	Sep24	Dec24
Days Payable	Get a 7-Day Free Trial															0.41	0.83	0.58	1.24	0.96

Competitive Comparison of Sky Gold and Diamonds's Days Payable

For the Luxury Goods subindustry, Sky Gold and Diamonds'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.

Sky Gold and Diamonds's Days Payable Distribution in the Retail - Cyclical Industry

For the Retail - Cyclical industry and Consumer Cyclical sector, Sky Gold and Diamonds's Days Payable distribution charts can be found below:

* The bar in red indicates where Sky Gold and Diamonds's Days Payable falls into.

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Sky Gold and Diamonds 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.

Sky Gold and Diamonds'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
=	( (14.781	+	43.333)	/	2 )	/	16410.047	*	365
=	29.057					/	16410.047	*	365
=	0.65

Sky Gold and Diamonds's Days Payable for the quarter that ended in Dec. 2024 is calculated as:

	Days Payable (Q: Dec. 2024 )
=	Average Accounts Payable					/	Cost of Goods Sold	*	Days in Period
=	( (Accounts Payable (Q: Sep. 2024 )	+	Accounts Payable (Q: Dec. 2024 ))	/	count )	/	Cost of Goods Sold (Q: Dec. 2024 )	*	Days in Period
=	( (97.452	+	0)	/	1 )	/	9250.575	*	365 / 4
=	97.452					/	9250.575	*	365 / 4
=	0.96

Sky Gold and Diamonds Days Payable Related Terms

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Sky Gold and Diamonds Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Consumer Cyclical » Retail - Cyclical » Sky Gold and Diamonds Ltd (NSE:SKYGOLD) » Definitions » Days Payable

Traded in Other Exchanges

541967:India

Address

Plot No. D-222/2, TTC Industrial Area, MIDC Shirawane, Thane, Navi Mumbai, MH, IND, 400706

Website

https://www.skygold.co.in

Sky Gold and Diamonds Ltd, formerly Sky Gold Ltd is an India-based company engaged in the business of designing, manufacturing, and marketing gold jewelry. It caters to a large number of wholesalers, showrooms, and retailers who buy the products in bulk quantities. The company's product portfolio includes Finger rings, Earrings, Studs, Chains, Pendants, pendant sets, Double hook pendants, Bracelets, Necklaces, and Bangles among others.

Sky Gold and Diamonds Headlines

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