Utssav CZ Gold Jewels (NSE:UTSSAV) Days Payable : 0.21 (As of Mar. 2024)

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What is Utssav CZ Gold Jewels Days Payable?

Utssav CZ Gold Jewels's average Accounts Payable for the six months ended in Mar. 2024 was ₹2 Mil. Utssav CZ Gold Jewels's Cost of Goods Sold for the six months ended in Mar. 2024 was ₹3,142 Mil. Hence, Utssav CZ Gold Jewels's Days Payable for the six months ended in Mar. 2024 was 0.10.

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

NSE:UTSSAV' s Days Payable Range Over the Past 10 Years
Min: 0.21 Med: 0.63 Max: 0.99
Current: 0.21

During the past 4 years, Utssav CZ Gold Jewels's highest Days Payable was 0.99. The lowest was 0.21. And the median was 0.63.

NSE:UTSSAV's Days Payable is ranked worse than
99.72% of 1090 companies
in the Retail - Cyclical industry
Industry Median: 54.98 vs NSE:UTSSAV: 0.21

Utssav CZ Gold Jewels's Days Payable declined from Mar. 2022 (0.87) to Mar. 2024 (0.21). It may suggest that Utssav CZ Gold Jewels accelerated paying its suppliers.

Utssav CZ Gold Jewels Days Payable Historical Data

The historical data trend for Utssav CZ Gold Jewels'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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Utssav CZ Gold Jewels Days Payable Chart

Utssav CZ Gold Jewels Annual Data

Trend

Mar21

Mar22

Mar23

Mar24

Days Payable

0.99

0.87

0.38

0.21

Utssav CZ Gold Jewels Semi-Annual Data
	Mar21	Mar22	Mar23	Mar24
Days Payable	0.99	0.87	0.38	0.21

Competitive Comparison of Utssav CZ Gold Jewels's Days Payable

For the Luxury Goods subindustry, Utssav CZ Gold Jewels'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.

Utssav CZ Gold Jewels's Days Payable Distribution in the Retail - Cyclical Industry

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

* The bar in red indicates where Utssav CZ Gold Jewels's Days Payable falls into.

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Utssav CZ Gold Jewels 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.

Utssav CZ Gold Jewels'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
=	( (2.347	+	1.267)	/	2 )	/	3142.468	*	365
=	1.807					/	3142.468	*	365
=	0.21

Utssav CZ Gold Jewels'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
=	( (2.347	+	1.267)	/	2 )	/	3142.468	*	365 / 2
=	1.807					/	3142.468	*	365 / 2
=	0.10

Utssav CZ Gold Jewels Days Payable Related Terms

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Utssav CZ Gold Jewels Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Consumer Cyclical » Retail - Cyclical » Utssav CZ Gold Jewels Ltd (NSE:UTSSAV) » Definitions » Days Payable

Traded in Other Exchanges

N/A

Address

Mahakali Caves Road, Plot No. 4 and 5, 2nd Floor, Hitech Plaza, Giriraj Industrial Estate, Andheri (East), Mumbai, MH, IND, 400093

Website

https://www.utssavjewels.com

Utssav CZ Gold Jewels Ltd is in the business of designing, manufacturing, wholesaling and exporting of 18Karat 20Karat and 22Karat CZ Gold jewellery. The Company specializes in the lightweight production of cubic zirconia (CZ) gold and rose gold casting jewellery. It manufactures and offers a wide collection of products such as Rings, Earrings, Pendants, Bracelets Necklaces, Watches, and Broaches, etc.

Utssav CZ Gold Jewels Headlines

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