Syncom Formulation (India) (BOM:524470) Days Payable : 62.32 (As of Dec. 2023)

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What is Syncom Formulation (India) Days Payable?

Syncom Formulation (India)'s average Accounts Payable for the three months ended in Dec. 2023 was ₹270 Mil. Syncom Formulation (India)'s Cost of Goods Sold for the three months ended in Dec. 2023 was ₹395 Mil. Hence, Syncom Formulation (India)'s Days Payable for the three months ended in Dec. 2023 was 62.32.

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

BOM:524470' s Days Payable Range Over the Past 10 Years
Min: 41.7 Med: 65.54 Max: 109.17
Current: 51.75

During the past 13 years, Syncom Formulation (India)'s highest Days Payable was 109.17. The lowest was 41.70. And the median was 65.54.

BOM:524470's Days Payable is ranked worse than
72.75% of 976 companies
in the Drug Manufacturers industry
Industry Median: 86.32 vs BOM:524470: 51.75

Syncom Formulation (India)'s Days Payable increased from Dec. 2022 (53.77) to Dec. 2023 (62.32). It may suggest that Syncom Formulation (India) delayed paying its suppliers.

Syncom Formulation (India) Days Payable Historical Data

The historical data trend for Syncom Formulation (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.

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Syncom Formulation (India) Days Payable Chart

Syncom Formulation (India) Annual Data

Trend

Mar14

Mar15

Mar16

Mar17

Mar18

Mar19

Mar20

Mar21

Mar22

Mar23

Days Payable

Get a 7-Day Free Trial

56.23

48.12

54.18

53.55

41.70

Syncom Formulation (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															53.77	40.99	52.48	63.00	62.32

Competitive Comparison of Syncom Formulation (India)'s Days Payable

For the Drug Manufacturers - Specialty & Generic subindustry, Syncom Formulation (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.

Syncom Formulation (India)'s Days Payable Distribution in the Drug Manufacturers Industry

For the Drug Manufacturers industry and Healthcare sector, Syncom Formulation (India)'s Days Payable distribution charts can be found below:

* The bar in red indicates where Syncom Formulation (India)'s Days Payable falls into.

Syncom Formulation (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.

Syncom Formulation (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
=	( (137.914	+	204.469)	/	2 )	/	1498.486	*	365
=	171.1915					/	1498.486	*	365
=	41.70

Syncom Formulation (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
=	( (269.971	+	0)	/	1 )	/	395.287	*	365 / 4
=	269.971					/	395.287	*	365 / 4
=	62.32

Syncom Formulation (India) Days Payable Related Terms

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Syncom Formulation (India) (BOM:524470) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Healthcare » Drug Manufacturers » Syncom Formulation (India) Ltd (BOM:524470) » Definitions » Days Payable

Traded in Other Exchanges

SYNCOMF:India

Address

207, Saket Nagar, Near Saket Club, Indore, MP, IND, 452018

Website

https://www.sfil.in

Syncom Formulation (India) Ltd is in the business of pharmaceuticals. The company operates through three segments including manufacturing and dealings in Pharmaceutical drugs and formulations, Trading of commodities, and Renting of property. It manufactures and markets pharmaceutical formulation products in various dosage forms like tablets, capsules, liquids orals, liquids vials, ampoule injections and dry vial injections, dry syrups, ointments, inhalers, and Herbals. The company's product includes generic, antiviral, antidepressant, cough suppressant, electrolyte, histamine, estrogen, and much more. It generates maximum revenue through the Pharmaceutical drugs and formulations segment.

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