Sambandam Spinning Mills (BOM:521240) Days Payable : 57.99 (As of Dec. 2023)

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What is Sambandam Spinning Mills Days Payable?

Sambandam Spinning Mills's average Accounts Payable for the three months ended in Dec. 2023 was ₹240 Mil. Sambandam Spinning Mills's Cost of Goods Sold for the three months ended in Dec. 2023 was ₹377 Mil. Hence, Sambandam Spinning Mills's Days Payable for the three months ended in Dec. 2023 was 57.99.

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

BOM:521240' s Days Payable Range Over the Past 10 Years
Min: 59.02 Med: 74.34 Max: 104.55
Current: 67.1

During the past 13 years, Sambandam Spinning Mills's highest Days Payable was 104.55. The lowest was 59.02. And the median was 74.34.

BOM:521240's Days Payable is ranked better than
58.26% of 1023 companies
in the Manufacturing - Apparel & Accessories industry
Industry Median: 56.86 vs BOM:521240: 67.10

Sambandam Spinning Mills's Days Payable declined from Dec. 2022 (63.33) to Dec. 2023 (57.99). It may suggest that Sambandam Spinning Mills accelerated paying its suppliers.

Sambandam Spinning Mills Days Payable Historical Data

The historical data trend for Sambandam Spinning 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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Sambandam Spinning Mills Days Payable Chart

Sambandam Spinning Mills Annual Data

Trend

Mar14

Mar15

Mar16

Mar17

Mar18

Mar19

Mar20

Mar21

Mar22

Mar23

Days Payable

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82.36

87.17

104.55

73.45

60.27

Sambandam Spinning Mills 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															63.33	55.96	56.12	68.20	57.99

Competitive Comparison of Sambandam Spinning Mills's Days Payable

For the Textile Manufacturing subindustry, Sambandam Spinning 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.

Sambandam Spinning Mills's Days Payable Distribution in the Manufacturing - Apparel & Accessories Industry

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

* The bar in red indicates where Sambandam Spinning Mills's Days Payable falls into.

Sambandam Spinning 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.

Sambandam Spinning Mills'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
=	( (427.45	+	219.822)	/	2 )	/	1959.856	*	365
=	323.636					/	1959.856	*	365
=	60.27

Sambandam Spinning Mills'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
=	( (239.852	+	0)	/	1 )	/	377.397	*	365 / 4
=	239.852					/	377.397	*	365 / 4
=	57.99

Sambandam Spinning Mills Days Payable Related Terms

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Sambandam Spinning Mills (BOM:521240) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Consumer Cyclical » Manufacturing - Apparel & Accessories » Sambandam Spinning Mills Ltd (BOM:521240) » Definitions » Days Payable

Traded in Other Exchanges

N/A

Address

Kamaraj Nagar Colony, Mill Premises, Salem, TN, IND, 636 014

Website

https://www.sambandam.com

Sambandam Spinning Mills Ltd is engaged in the manufacturing and distribution of cotton yarn and other related services. The company's product portfolio includes products like 100% cotton, Sustainable Yarns, Cellulosic Yarns, Sollucell Air yarns, Melange, R-Elan, and Core Spun Yarns. The company earns the majority of its revenue comes from the Indian market.

Sambandam Spinning Mills (BOM:521240) Headlines

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