Signet Industries (NSE:SIGIND) Days Payable : 54.19 (As of Dec. 2023)

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What is Signet Industries Days Payable?

Signet Industries's average Accounts Payable for the three months ended in Dec. 2023 was ₹1,533 Mil. Signet Industries's Cost of Goods Sold for the three months ended in Dec. 2023 was ₹2,582 Mil. Hence, Signet Industries's Days Payable for the three months ended in Dec. 2023 was 54.19.

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

NSE:SIGIND' s Days Payable Range Over the Past 10 Years
Min: 61.32 Med: 96.63 Max: 122.48
Current: 61.32

During the past 13 years, Signet Industries's highest Days Payable was 122.48. The lowest was 61.32. And the median was 96.63.

NSE:SIGIND's Days Payable is ranked better than
50.63% of 1505 companies
in the Chemicals industry
Industry Median: 61 vs NSE:SIGIND: 61.32

Signet Industries's Days Payable declined from Dec. 2022 (70.22) to Dec. 2023 (54.19). It may suggest that Signet Industries accelerated paying its suppliers.

Signet Industries Days Payable Historical Data

The historical data trend for Signet 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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Signet Industries Days Payable Chart

Signet Industries Annual Data

Trend

Mar14

Mar15

Mar16

Mar17

Mar18

Mar19

Mar20

Mar21

Mar22

Mar23

Days Payable

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95.56

113.30

111.55

101.27

79.63

Signet Industries 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															70.22	60.90	69.03	63.63	54.19

Competitive Comparison of Signet Industries's Days Payable

For the Specialty Chemicals subindustry, Signet 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.

Signet Industries's Days Payable Distribution in the Chemicals Industry

For the Chemicals industry and Basic Materials sector, Signet Industries's Days Payable distribution charts can be found below:

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

Signet 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.

Signet 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
=	( (1901.698	+	1806.589)	/	2 )	/	8498.373	*	365
=	1854.1435					/	8498.373	*	365
=	79.63

Signet 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
=	( (1533.431	+	0)	/	1 )	/	2582.295	*	365 / 4
=	1533.431					/	2582.295	*	365 / 4
=	54.19

Signet Industries Days Payable Related Terms

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Signet Industries (NSE:SIGIND) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Basic Materials » Chemicals » Signet Industries Ltd (NSE:SIGIND) » Definitions » Days Payable

Comparable Companies

Traded in Other Exchanges

512131:India

Address

Lasudia Mori, Dewas Naka, Survey Number 314/3, SDA Compound, Indore, MP, IND, 452010

Website

https://www.groupsignet.com

Signet Industries Ltd is engaged in the business of merchant trading of all kinds of polymers and other related products. It is also involved in manufacturing micro-irrigation systems, sprinkler pipes, agro fittings, and its allied products, household and plastic molded furniture's. Its primary segments are Manufacturing, Windmill, and Trading. The Manufacturing segment comprises of manufacturing of irrigation and plastic products. Its Windmill includes the wind turbine power unit and the Trading segment involves the trading of Polymers and Plastic Granuals. It derives prime revenue from India.

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