Spright Agro (BOM:531205) Days Payable : 3.61 (As of Mar. 2024)

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What is Spright Agro Days Payable?

Spright Agro's average Accounts Payable for the three months ended in Mar. 2024 was ₹14.7 Mil. Spright Agro's Cost of Goods Sold for the three months ended in Mar. 2024 was ₹372.7 Mil. Hence, Spright Agro's Days Payable for the three months ended in Mar. 2024 was 3.61.

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

BOM:531205' s Days Payable Range Over the Past 10 Years
Min: 14.6 Med: 192.14 Max: 407.94
Current: 14.6

During the past 13 years, Spright Agro's highest Days Payable was 407.94. The lowest was 14.60. And the median was 192.14.

BOM:531205's Days Payable is ranked worse than
90.7% of 1022 companies
in the Manufacturing - Apparel & Accessories industry
Industry Median: 57.25 vs BOM:531205: 14.60

Spright Agro's Days Payable declined from Mar. 2023 (174.97) to Mar. 2024 (3.61). It may suggest that Spright Agro accelerated paying its suppliers.

Spright Agro Days Payable Historical Data

The historical data trend for Spright Agro'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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Spright Agro Days Payable Chart

Spright Agro Annual Data

Trend

Mar15

Mar16

Mar17

Mar18

Mar19

Mar20

Mar21

Mar22

Mar23

Mar24

Days Payable

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407.94

122.72

278.78

17.41

Spright Agro Quarterly Data
	Jun19	Sep19	Dec19	Mar20	Jun20	Sep20	Dec20	Mar21	Jun21	Sep21	Dec21	Mar22	Jun22	Sep22	Dec22	Mar23	Jun23	Sep23	Dec23	Mar24
Days Payable	Get a 7-Day Free Trial															174.97	146.09	46.46	8.10	3.61

Competitive Comparison of Spright Agro's Days Payable

For the Textile Manufacturing subindustry, Spright Agro'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.

Spright Agro's Days Payable Distribution in the Manufacturing - Apparel & Accessories Industry

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

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

Spright Agro 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.

Spright Agro's Days Payable for the fiscal year that ended in Mar. 2024 is calculated as

	Days Payable (A: Mar. 2024 )
=	Average Accounts Payable					/	Cost of Goods Sold	*	Days in Period
=	( (Accounts Payable (A: Mar. 2023 )	+	Accounts Payable (A: Mar. 2024 ))	/	count )	/	Cost of Goods Sold (A: Mar. 2024 )	*	Days in Period
=	( (41.657	+	14.738)	/	2 )	/	591.022	*	365
=	28.1975					/	591.022	*	365
=	17.41

Spright Agro's Days Payable for the quarter that ended in Mar. 2024 is calculated as:

	Days Payable (Q: Mar. 2024 )
=	Average Accounts Payable					/	Cost of Goods Sold	*	Days in Period
=	( (Accounts Payable (Q: Dec. 2023 )	+	Accounts Payable (Q: Mar. 2024 ))	/	count )	/	Cost of Goods Sold (Q: Mar. 2024 )	*	Days in Period
=	( (0	+	14.738)	/	1 )	/	372.688	*	365 / 4
=	14.738					/	372.688	*	365 / 4
=	3.61

Spright Agro Days Payable Related Terms

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Spright Agro (BOM:531205) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Consumer Cyclical » Manufacturing - Apparel & Accessories » Spright Agro Ltd (BOM:531205) » Definitions » Days Payable

Traded in Other Exchanges

N/A

Address

Ashram Road, Office No: B-263, Sakar-7, Nehru Bridge Corner, Ahmedabad, GJ, IND, 380006

Website

https://www.kansalfibres.com

Tine Agro Ltd formerly Kansal Fibres Ltd is currently engaged in the business of dealing and trading in all types of agricultural goods, commodities, and other related materials on retail as well as on wholesale basis.. It is engaged in the trading of textile material on a retail basis. The company markets its clothing products throughout India.

Spright Agro (BOM:531205) Headlines

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