Primech Holdings (Primech Holdings) Days Payable : 58.08 (As of Sep. 2023)

View and export this data going back to 2023. Start your Free Trial

What is Primech Holdings Days Payable?

Primech Holdings's average Accounts Payable for the six months ended in Sep. 2023 was $9.87 Mil. Primech Holdings's Cost of Goods Sold for the six months ended in Sep. 2023 was $31.01 Mil. Hence, Primech Holdings's Days Payable for the six months ended in Sep. 2023 was 58.08.

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

PMEC' s Days Payable Range Over the Past 10 Years
Min: 40.36 Med: 54.63 Max: 61.21
Current: 59.34

During the past 4 years, Primech Holdings's highest Days Payable was 61.21. The lowest was 40.36. And the median was 54.63.

PMEC's Days Payable is ranked better than
58.72% of 923 companies
in the Business Services industry
Industry Median: 47.09 vs PMEC: 59.34

Primech Holdings's Days Payable increased from Sep. 2022 (55.14) to Sep. 2023 (58.08). It may suggest that Primech Holdings delayed paying its suppliers.

Primech Holdings Days Payable Historical Data

The historical data trend for Primech Holdings'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.

Primech Holdings Days Payable Chart

Primech Holdings Annual Data

Trend

Mar20

Mar21

Mar22

Mar23

Days Payable

40.36

51.56

57.70

61.21

Primech Holdings Semi-Annual Data
	Mar20	Sep20	Mar21	Sep21	Mar22	Sep22	Mar23	Sep23
Days Payable	Get a 7-Day Free Trial			60.36	64.72	55.14	64.56	58.08

Competitive Comparison of Primech Holdings's Days Payable

For the Specialty Business Services subindustry, Primech Holdings'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.

Primech Holdings's Days Payable Distribution in the Business Services Industry

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

* The bar in red indicates where Primech Holdings's Days Payable falls into.

Primech Holdings 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.

Primech Holdings'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
=	( (8.69	+	10.899)	/	2 )	/	58.41	*	365
=	9.7945					/	58.41	*	365
=	61.21

Primech Holdings'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
=	( (10.899	+	8.841)	/	2 )	/	31.012	*	365 / 2
=	9.87					/	31.012	*	365 / 2
=	58.08

Primech Holdings Days Payable Related Terms

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

Primech Holdings (Primech Holdings) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Industrials » Business Services » Primech Holdings Ltd (NAS:PMEC) » Definitions » Days Payable

Comparable Companies

Traded in Other Exchanges

N/A

Address

23 Ubi Crescent, Singapore, SGP, 408579

Website

https://www.primechholdings.com

Primech Holdings Ltd is a technology-driven facilities services provider in the public and private sectors operating mainly in Singapore. The services offered by the company include Facilities services, Stewarding services, Cleaning services to offices, Cleaning services to homes, and Cleaning Supplies.

Primech Holdings (Primech Holdings) Headlines

From GuruFocus

PRIMECH HOLDINGS LTD. Announces Pricing of US12.2 Million Initial Public Offering

By GlobeNewswire • 10-10-2023

PRIMECH HOLDINGS LTD. Announces Pricing of US12.2 Million Initial Public Offering

By Marketwired • 10-10-2023