Party Cruisers (NSE:PARTYCRUS) Days Payable : 64.18 (As of Sep. 2023)

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What is Party Cruisers Days Payable?

Party Cruisers's average Accounts Payable for the six months ended in Sep. 2023 was ₹12.0 Mil. Party Cruisers's Cost of Goods Sold for the six months ended in Sep. 2023 was ₹34.2 Mil. Hence, Party Cruisers's Days Payable for the six months ended in Sep. 2023 was 64.18.

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

NSE:PARTYCRUS' s Days Payable Range Over the Past 10 Years
Min: 46.11 Med: 140.25 Max: 370.58
Current: 46.11

During the past 6 years, Party Cruisers's highest Days Payable was 370.58. The lowest was 46.11. And the median was 140.25.

NSE:PARTYCRUS's Days Payable is ranked worse than
51.52% of 922 companies
in the Business Services industry
Industry Median: 47.92 vs NSE:PARTYCRUS: 46.11

Party Cruisers's Days Payable declined from Sep. 2022 (194.69) to Sep. 2023 (64.18). It may suggest that Party Cruisers accelerated paying its suppliers.

Party Cruisers Days Payable Historical Data

The historical data trend for Party Cruisers'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.

Party Cruisers Days Payable Chart

Party Cruisers Annual Data

Trend

Mar18

Mar19

Mar20

Mar21

Mar22

Mar23

Days Payable

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145.68

134.81

370.58

227.78

84.16

Party Cruisers Semi-Annual Data
	Mar18	Mar19	Mar20	Sep20	Mar21	Sep21	Mar22	Sep22	Mar23	Sep23
Days Payable	Get a 7-Day Free Trial					-	122.07	194.69	54.26	64.18

Competitive Comparison of Party Cruisers's Days Payable

For the Specialty Business Services subindustry, Party Cruisers'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.

Party Cruisers's Days Payable Distribution in the Business Services Industry

For the Business Services industry and Industrials sector, Party Cruisers's Days Payable distribution charts can be found below:

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

Party Cruisers 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.

Party Cruisers'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
=	( (17.588	+	18.115)	/	2 )	/	77.417	*	365
=	17.8515					/	77.417	*	365
=	84.16

Party Cruisers's Days Payable for the quarter that ended in Sep. 2023 is calculated as:

	Days Payable (Q: Sep. 2023 )
=	Average Accounts Payable					/	Cost of Goods Sold	*	Days in Period
=	( (Accounts Payable (Q: Mar. 2023 )	+	Accounts Payable (Q: Sep. 2023 ))	/	count )	/	Cost of Goods Sold (Q: Sep. 2023 )	*	Days in Period
=	( (18.115	+	5.909)	/	2 )	/	34.159	*	365 / 2
=	12.012					/	34.159	*	365 / 2
=	64.18

Party Cruisers Days Payable Related Terms

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

Party Cruisers (NSE:PARTYCRUS) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Industrials » Business Services » Party Cruisers Ltd (NSE:PARTYCRUS) » Definitions » Days Payable

Comparable Companies

Traded in Other Exchanges

N/A

Address

303/304/305 Simran Plaza, Khar 4th Road, Near Hotel Regal Enclave, Khar (West), Mumbai, MH, IND, 400 052

Website

https://www.partycruisersindia.com

Party Cruisers Ltd specializes in Wedding Management and Events Management Business. The Wedding management services range from pre-wedding, during the wedding and post-wedding events like in-house designing, designation wedding event decor and others; The Event services range from planning and marketing to production and decor and others.

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