Pritika Engineering Components (NSE:PRITIKA) Days Payable : 40.51 (As of Mar. 2023)

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What is Pritika Engineering Components Days Payable?

Pritika Engineering Components's average Accounts Payable for the six months ended in Mar. 2023 was ₹68.7 Mil. Pritika Engineering Components's Cost of Goods Sold for the six months ended in Mar. 2023 was ₹309.6 Mil. Hence, Pritika Engineering Components's Days Payable for the six months ended in Mar. 2023 was 40.51.

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

NSE:PRITIKA' s Days Payable Range Over the Past 10 Years
Min: 38.67 Med: 42.96 Max: 53.86
Current: 38.67

During the past 4 years, Pritika Engineering Components's highest Days Payable was 53.86. The lowest was 38.67. And the median was 42.96.

NSE:PRITIKA's Days Payable is ranked worse than
77.44% of 1259 companies
in the Vehicles & Parts industry
Industry Median: 65.87 vs NSE:PRITIKA: 38.67

Pritika Engineering Components's Days Payable increased from Mar. 2022 (0.00) to Mar. 2023 (40.51). It may suggest that Pritika Engineering Components delayed paying its suppliers.

Pritika Engineering Components Days Payable Historical Data

The historical data trend for Pritika Engineering Components'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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Pritika Engineering Components Days Payable Chart

Pritika Engineering Components Annual Data

Trend

Mar20

Mar21

Mar22

Mar23

Days Payable

45.10

40.16

53.86

40.82

Pritika Engineering Components Semi-Annual Data
	Mar20	Mar21	Mar22	Sep22	Mar23
Days Payable	-	-	-	34.98	40.51

Competitive Comparison of Pritika Engineering Components's Days Payable

For the Auto Parts subindustry, Pritika Engineering Components'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.

Pritika Engineering Components's Days Payable Distribution in the Vehicles & Parts Industry

For the Vehicles & Parts industry and Consumer Cyclical sector, Pritika Engineering Components's Days Payable distribution charts can be found below:

* The bar in red indicates where Pritika Engineering Components's Days Payable falls into.

Pritika Engineering Components 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.

Pritika Engineering Components'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
=	( (70.875	+	75.749)	/	2 )	/	655.467	*	365
=	73.312					/	655.467	*	365
=	40.82

Pritika Engineering Components's Days Payable for the quarter that ended in Mar. 2023 is calculated as:

	Days Payable (Q: Mar. 2023 )
=	Average Accounts Payable					/	Cost of Goods Sold	*	Days in Period
=	( (Accounts Payable (Q: Sep. 2022 )	+	Accounts Payable (Q: Mar. 2023 ))	/	count )	/	Cost of Goods Sold (Q: Mar. 2023 )	*	Days in Period
=	( (61.694	+	75.749)	/	2 )	/	309.6	*	365 / 2
=	68.7215					/	309.6	*	365 / 2
=	40.51

Pritika Engineering Components Days Payable Related Terms

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Pritika Engineering Components (NSE:PRITIKA) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Consumer Cyclical » Vehicles & Parts » Pritika Engineering Components Ltd (NSE:PRITIKA) » Definitions » Days Payable

Comparable Companies

Traded in Other Exchanges

N/A

Address

Industrial Area, S.A.S Nagar, Plot No.C-94, Phase-VII, Mohali, PB, IND, 160055

Website

https://www.pritikaengineering.com

Pritika Engineering Components Ltd is engaged in the business of manufacturing precision-machined components for the automotive industry, especially for tractors, trucks, and other commercial vehicles. The company manufactures various Tractors and Automobile components like End Covers, Cover Sealed Brakes, Differential Cases, Cover Hydraulic Lift, Cover Transcase, Front Wheel hubs, Fly Wheel Housing, Rear Axle Casings, Hydraulic Lift Covers, Brake Housing, and Front Engine Supports. It manufactures customized products for tractors, commercial vehicles, and other construction equipment.

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