Prashant India (BOM:519014) Days Payable : 2,389.09 (As of Dec. 2023)

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What is Prashant India Days Payable?

Prashant India's average Accounts Payable for the three months ended in Dec. 2023 was ₹0.29 Mil. Prashant India's Cost of Goods Sold for the three months ended in Dec. 2023 was ₹0.01 Mil. Hence, Prashant India's Days Payable for the three months ended in Dec. 2023 was 2,389.09.

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

BOM:519014' s Days Payable Range Over the Past 10 Years
Min: 462.14 Med: 2244.53 Max: 8260.71
Current: 1637.48

During the past 13 years, Prashant India's highest Days Payable was 8260.71. The lowest was 462.14. And the median was 2244.53.

BOM:519014's Days Payable is ranked better than
99.02% of 1025 companies
in the Manufacturing - Apparel & Accessories industry
Industry Median: 56.44 vs BOM:519014: 1637.48

Prashant India's Days Payable increased from Dec. 2022 (0.00) to Dec. 2023 (2,389.09). It may suggest that Prashant India delayed paying its suppliers.

Prashant India Days Payable Historical Data

The historical data trend for Prashant 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.

* Premium members only.

Prashant India Days Payable Chart

Prashant India Annual Data

Trend

Mar14

Mar15

Mar16

Mar17

Mar18

Mar19

Mar20

Mar21

Mar22

Mar23

Days Payable

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1,514.51

612.00

6,598.08

3,317.41

2,974.54

Prashant India Quarterly Data
	Mar19	Jun19	Sep19	Dec19	Mar20	Jun20	Sep20	Dec20	Mar21	Jun21	Sep21	Dec21	Mar22	Jun22	Sep22	Dec22	Mar23	Jun23	Sep23	Dec23
Days Payable	Get a 7-Day Free Trial															-	723.71	-	1,443.41	2,389.09

Competitive Comparison of Prashant India's Days Payable

For the Textile Manufacturing subindustry, Prashant 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.

Prashant India's Days Payable Distribution in the Manufacturing - Apparel & Accessories Industry

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

* The bar in red indicates where Prashant India's Days Payable falls into.

Prashant 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.

Prashant 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
=	( (0.8	+	0.618)	/	2 )	/	0.087	*	365
=	0.709					/	0.087	*	365
=	2,974.54

Prashant India's Days Payable for the quarter that ended in Dec. 2023 is calculated as:

	Days Payable (Q: Dec. 2023 )
=	Average Accounts Payable					/	Cost of Goods Sold	*	Days in Period
=	( (Accounts Payable (Q: Sep. 2023 )	+	Accounts Payable (Q: Dec. 2023 ))	/	count )	/	Cost of Goods Sold (Q: Dec. 2023 )	*	Days in Period
=	( (0.174	+	0.402)	/	2 )	/	0.011	*	365 / 4
=	0.288					/	0.011	*	365 / 4
=	2,389.09

Prashant India Days Payable Related Terms

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Prashant India (BOM:519014) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Consumer Cyclical » Manufacturing - Apparel & Accessories » Prashant India Ltd (BOM:519014) » Definitions » Days Payable

Traded in Other Exchanges

N/A

Address

Palsana Char Rasta, National Highway No. 8, Block Number 456, Palsana, Surat, GJ, IND, 394 315

Website

http://www.prashantindia.info

Prashant India Ltd is an India-based company. It carries on the business as a manufacturer, seller, and exporter of Agro Products, Textiles, and Wind Power Generation. The company's operating segment includes Textile and Wind Farm. It generates maximum revenue from the textile segment.

Prashant India (BOM:519014) Headlines

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