Sovereign Diamonds (BOM:523826) Days Payable : 41.02 (As of Dec. 2023)

View and export this data going back to 2001. Start your Free Trial

What is Sovereign Diamonds Days Payable?

Sovereign Diamonds's average Accounts Payable for the three months ended in Dec. 2023 was ₹23.4 Mil. Sovereign Diamonds's Cost of Goods Sold for the three months ended in Dec. 2023 was ₹52.0 Mil. Hence, Sovereign Diamonds's Days Payable for the three months ended in Dec. 2023 was 41.02.

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

BOM:523826' s Days Payable Range Over the Past 10 Years
Min: 8.61 Med: 41.07 Max: 108.05
Current: 49.13

During the past 13 years, Sovereign Diamonds's highest Days Payable was 108.05. The lowest was 8.61. And the median was 41.07.

BOM:523826's Days Payable is ranked worse than
56.61% of 1081 companies
in the Retail - Cyclical industry
Industry Median: 56.64 vs BOM:523826: 49.13

Sovereign Diamonds's Days Payable declined from Dec. 2022 (61.78) to Dec. 2023 (41.02). It may suggest that Sovereign Diamonds accelerated paying its suppliers.

Sovereign Diamonds Days Payable Historical Data

The historical data trend for Sovereign 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.

* Premium members only.

Sovereign Diamonds Days Payable Chart

Sovereign Diamonds Annual Data

Trend

Mar14

Mar15

Mar16

Mar17

Mar18

Mar19

Mar20

Mar21

Mar22

Mar23

Days Payable

Get a 7-Day Free Trial

29.02

74.55

108.05

39.76

42.38

Sovereign Diamonds 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															61.78	39.24	55.77	43.36	41.02

Competitive Comparison of Sovereign Diamonds's Days Payable

For the Luxury Goods subindustry, Sovereign 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.

Sovereign Diamonds's Days Payable Distribution in the Retail - Cyclical Industry

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

* The bar in red indicates where Sovereign Diamonds's Days Payable falls into.

Sovereign 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.

Sovereign Diamonds'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
=	( (24.401	+	24.664)	/	2 )	/	211.292	*	365
=	24.5325					/	211.292	*	365
=	42.38

Sovereign Diamonds'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
=	( (23.362	+	0)	/	1 )	/	51.968	*	365 / 4
=	23.362					/	51.968	*	365 / 4
=	41.02

Sovereign Diamonds Days Payable Related Terms

Thank you for viewing the detailed overview of Sovereign Diamonds's Days Payable provided by GuruFocus.com. Please click on the following links to see related term pages.

Sovereign Diamonds (BOM:523826) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Consumer Cyclical » Retail - Cyclical » Sovereign Diamonds Ltd (BOM:523826) » Definitions » Days Payable

Traded in Other Exchanges

N/A

Address

Mahakali Caves Road, Mahal Industrial Estate, 11-A,Sovereign House, Andheri East, Mumbai, MH, IND, 400093

Website

https://www.sovereigndiamondsltd.com

Sovereign Diamonds Ltd is a manufacturer and supplier of diamond jewelry. The company supplies its products to retail brands and retail chains. It has only one operating segment Jewellery Manufacturing.

Sovereign Diamonds (BOM:523826) Headlines

No Headlines