Solex Energy (NSE:SMSOLEX) Days Payable : 120.53 (As of Sep. 2023)

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What is Solex Energy Days Payable?

Solex Energy's average Accounts Payable for the six months ended in Sep. 2023 was ₹410 Mil. Solex Energy's Cost of Goods Sold for the six months ended in Sep. 2023 was ₹621 Mil. Hence, Solex Energy's Days Payable for the six months ended in Sep. 2023 was 120.53.

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

NSE:SMSOLEX' s Days Payable Range Over the Past 10 Years
Min: 36.26 Med: 91.87 Max: 169.83
Current: 69.07

During the past 9 years, Solex Energy's highest Days Payable was 169.83. The lowest was 36.26. And the median was 91.87.

NSE:SMSOLEX's Days Payable is ranked better than
64.63% of 964 companies
in the Semiconductors industry
Industry Median: 51.69 vs NSE:SMSOLEX: 69.07

Solex Energy's Days Payable declined from Sep. 2022 (273.64) to Sep. 2023 (120.53). It may suggest that Solex Energy accelerated paying its suppliers.

Solex Energy Days Payable Historical Data

The historical data trend for Solex Energy'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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Solex Energy Days Payable Chart

Solex Energy Annual Data

Trend

Mar15

Mar16

Mar17

Mar18

Mar19

Mar20

Mar21

Mar22

Mar23

Days Payable

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91.87

110.50

169.83

123.62

55.46

Solex Energy Semi-Annual Data
	Mar15	Mar16	Mar17	Sep17	Mar18	Sep18	Mar19	Sep19	Mar20	Sep20	Mar21	Sep21	Mar22	Sep22	Mar23	Sep23
Days Payable	Get a 7-Day Free Trial											212.45	101.90	273.64	38.94	120.53

Competitive Comparison of Solex Energy's Days Payable

For the Solar subindustry, Solex Energy'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.

Solex Energy's Days Payable Distribution in the Semiconductors Industry

For the Semiconductors industry and Technology sector, Solex Energy's Days Payable distribution charts can be found below:

* The bar in red indicates where Solex Energy's Days Payable falls into.

Solex Energy 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.

Solex Energy'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
=	( (125.645	+	291.418)	/	2 )	/	1372.485	*	365
=	208.5315					/	1372.485	*	365
=	55.46

Solex Energy'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
=	( (291.418	+	528.702)	/	2 )	/	620.91	*	365 / 2
=	410.06					/	620.91	*	365 / 2
=	120.53

Solex Energy Days Payable Related Terms

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Solex Energy (NSE:SMSOLEX) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Technology » Semiconductors » Solex Energy Ltd (NSE:SMSOLEX) » Definitions » Days Payable

Traded in Other Exchanges

N/A

Address

Near Madhuvan Circle, L.P. Savani Road, 310-303, Trinity Business Park, Pal, Surat, GJ, IND, 395009

Website

https://www.solex.in

Solex Energy Ltd is engaged in providing renewable energy solutions, specializing in the manufacturing of solar photovoltaic modules, solar home lights, solar street lights, solar lanterns, solar power plants, solar inverters, and solar water, among others.

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