Synergy Green Industries (NSE:SGIL) Days Payable : 131.84 (As of Dec. 2023)

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What is Synergy Green Industries Days Payable?

Synergy Green Industries's average Accounts Payable for the three months ended in Dec. 2023 was ₹588 Mil. Synergy Green Industries's Cost of Goods Sold for the three months ended in Dec. 2023 was ₹407 Mil. Hence, Synergy Green Industries's Days Payable for the three months ended in Dec. 2023 was 131.84.

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

NSE:SGIL' s Days Payable Range Over the Past 10 Years
Min: 87.56 Med: 176.48 Max: 283.56
Current: 87.56

During the past 10 years, Synergy Green Industries's highest Days Payable was 283.56. The lowest was 87.56. And the median was 176.48.

NSE:SGIL's Days Payable is ranked better than
56.71% of 2936 companies
in the Industrial Products industry
Industry Median: 76.705 vs NSE:SGIL: 87.56

Synergy Green Industries's Days Payable declined from Dec. 2022 (201.37) to Dec. 2023 (131.84). It may suggest that Synergy Green Industries accelerated paying its suppliers.

Synergy Green Industries Days Payable Historical Data

The historical data trend for Synergy Green Industries'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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Synergy Green Industries Days Payable Chart

Synergy Green Industries Annual Data

Trend

Mar14

Mar15

Mar16

Mar17

Mar18

Mar19

Mar20

Mar21

Mar22

Mar23

Days Payable

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152.11

118.83

135.17

99.98

96.14

Synergy Green Industries Quarterly Data
	Mar18	Sep18	Mar19	Sep19	Mar20	Jun20	Sep20	Dec20	Mar21	Jun21	Sep21	Dec21	Mar22	Jun22	Sep22	Dec22	Mar23	Jun23	Sep23	Dec23
Days Payable	Get a 7-Day Free Trial															201.37	34.75	117.35	228.54	131.84

Competitive Comparison of Synergy Green Industries's Days Payable

For the Metal Fabrication subindustry, Synergy Green Industries'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.

Synergy Green Industries's Days Payable Distribution in the Industrial Products Industry

For the Industrial Products industry and Industrials sector, Synergy Green Industries's Days Payable distribution charts can be found below:

* The bar in red indicates where Synergy Green Industries's Days Payable falls into.

Synergy Green Industries 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.

Synergy Green Industries'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
=	( (647.568	+	520.4)	/	2 )	/	2217.206	*	365
=	583.984					/	2217.206	*	365
=	96.14

Synergy Green Industries'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
=	( (588.075	+	0)	/	1 )	/	407.037	*	365 / 4
=	588.075					/	407.037	*	365 / 4
=	131.84

Synergy Green Industries Days Payable Related Terms

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Synergy Green Industries (NSE:SGIL) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Industrials » Industrial Products » Synergy Green Industries Ltd (NSE:SGIL) » Definitions » Days Payable

Comparable Companies

Traded in Other Exchanges

541929:India

Address

392, E Ward, Assembly Road, Shahupuri Post Box No. 201, Kolhapur, MH, IND, 416001

Website

https://www.synergygreenind.com

Synergy Green Industries Ltd is engaged in the business of foundry i.e. manufacturing of wind turbine casting and other large precision castings. The company generates maximum revenue from the sale of Windmill Castings. Products offered by the company include gearbox housing, hub, front wheel, main foundation, base frame, main axle, hollow shaft, DV- casing, diffuser, rear wheel, wedge, cannon tube, and others.

Synergy Green Industries (NSE:SGIL) Headlines

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