Crestchem (BOM:526269) Days Payable : 54.57 (As of Dec. 2023)

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What is Crestchem Days Payable?

Crestchem's average Accounts Payable for the three months ended in Dec. 2023 was ₹32.8 Mil. Crestchem's Cost of Goods Sold for the three months ended in Dec. 2023 was ₹54.8 Mil. Hence, Crestchem's Days Payable for the three months ended in Dec. 2023 was 54.57.

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

BOM:526269' s Days Payable Range Over the Past 10 Years
Min: 13.04 Med: 48.08 Max: 825.78
Current: 56.18

During the past 13 years, Crestchem's highest Days Payable was 825.78. The lowest was 13.04. And the median was 48.08.

BOM:526269's Days Payable is ranked worse than
54.96% of 1501 companies
in the Chemicals industry
Industry Median: 60.45 vs BOM:526269: 56.18

Crestchem's Days Payable increased from Dec. 2022 (33.09) to Dec. 2023 (54.57). It may suggest that Crestchem delayed paying its suppliers.

Crestchem Days Payable Historical Data

The historical data trend for Crestchem'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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Crestchem Days Payable Chart

Crestchem Annual Data

Trend

Mar14

Mar15

Mar16

Mar17

Mar18

Mar19

Mar20

Mar21

Mar22

Mar23

Days Payable

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211.16

46.16

50.00

32.00

30.76

Crestchem 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															33.09	69.59	50.90	87.62	54.57

Competitive Comparison of Crestchem's Days Payable

For the Specialty Chemicals subindustry, Crestchem'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.

Crestchem's Days Payable Distribution in the Chemicals Industry

For the Chemicals industry and Basic Materials sector, Crestchem's Days Payable distribution charts can be found below:

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

Crestchem 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.

Crestchem'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
=	( (6.979	+	17.359)	/	2 )	/	144.417	*	365
=	12.169					/	144.417	*	365
=	30.76

Crestchem'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
=	( (32.758	+	0)	/	1 )	/	54.772	*	365 / 4
=	32.758					/	54.772	*	365 / 4
=	54.57

Crestchem Days Payable Related Terms

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Crestchem (BOM:526269) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Basic Materials » Chemicals » Crestchem Ltd (BOM:526269) » Definitions » Days Payable

Comparable Companies

Traded in Other Exchanges

N/A

Address

Serial No. 550/1, Sub Plot Number. 12, Village Indrad, Taluka - Kadi, Mehsana, GJ, IND, 382715

Website

https://www.crestchemlimited.in

Crestchem Ltd is an Indian company that is active in the business of manufacturing, marketing, and exporting products derived from the field of nutraceutical ingredients, conventional chemical, food, and pharmaceutical fields. It operates through a single segment being Manufacturing of Nutrition Chemical products. The products of the company include medium-chain triglycerides oil fat powders, lactose-free skimmed milk powder, palm oil powder, coconut oil powder, dairy cream powder, and others.

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