Suryaamba Spinning Mills (BOM:533101) Days Payable : 35.42 (As of Dec. 2023)

View and export this data going back to 2009. Start your Free Trial

What is Suryaamba Spinning Mills Days Payable?

Suryaamba Spinning Mills's average Accounts Payable for the three months ended in Dec. 2023 was ₹114 Mil. Suryaamba Spinning Mills's Cost of Goods Sold for the three months ended in Dec. 2023 was ₹295 Mil. Hence, Suryaamba Spinning Mills's Days Payable for the three months ended in Dec. 2023 was 35.42.

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

BOM:533101' s Days Payable Range Over the Past 10 Years
Min: 9.56 Med: 26.65 Max: 44.14
Current: 27.39

During the past 13 years, Suryaamba Spinning Mills's highest Days Payable was 44.14. The lowest was 9.56. And the median was 26.65.

BOM:533101's Days Payable is ranked worse than
78.28% of 1022 companies
in the Manufacturing - Apparel & Accessories industry
Industry Median: 57.25 vs BOM:533101: 27.39

Suryaamba Spinning Mills's Days Payable increased from Dec. 2022 (33.52) to Dec. 2023 (35.42). It may suggest that Suryaamba Spinning Mills delayed paying its suppliers.

Suryaamba Spinning Mills Days Payable Historical Data

The historical data trend for Suryaamba 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.

* Premium members only.

Suryaamba Spinning Mills Days Payable Chart

Suryaamba Spinning Mills Annual Data

Trend

Mar14

Mar15

Mar16

Mar17

Mar18

Mar19

Mar20

Mar21

Mar22

Mar23

Days Payable

Get a 7-Day Free Trial

32.18

36.93

44.14

22.76

19.59

Suryaamba 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															33.52	15.07	21.49	31.62	35.42

Competitive Comparison of Suryaamba Spinning Mills's Days Payable

For the Textile Manufacturing subindustry, Suryaamba 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.

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

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

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

Suryaamba 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.

Suryaamba 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
=	( (85.619	+	87.997)	/	2 )	/	1617.459	*	365
=	86.808					/	1617.459	*	365
=	19.59

Suryaamba 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
=	( (114.34	+	0)	/	1 )	/	294.589	*	365 / 4
=	114.34					/	294.589	*	365 / 4
=	35.42

Suryaamba Spinning Mills Days Payable Related Terms

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

Suryaamba Spinning Mills (BOM:533101) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Consumer Cyclical » Manufacturing - Apparel & Accessories » Suryaamba Spinning Mills Ltd (BOM:533101) » Definitions » Days Payable

Traded in Other Exchanges

N/A

Address

128, Chhaoni Katol Road, A-101, Kanha Apartment, Nagpur, MH, IND, 440 013

Website

https://www.suryaamba.com

Suryaamba Spinning Mills Ltd is an India-based company engaged in manufacturing Polyester yarn and Polyester/Viscose Blended Yarn. It manufactures Synthetic Ring Spun Yarn for weaving, knitting, and embroidery and other industrial applications and specialized products according to customer requirements. The Company is operating under only one segment which is Manufacturing and Trading of Yarn. The product categories offered by the company includes 100% Polyester Yarns, Polyester/Viscose Yarns, Viscose Yarns, Other Blends and Fancy Yarns.

Suryaamba Spinning Mills (BOM:533101) Headlines

No Headlines