Spicejet (BOM:500285) Days Payable : 172.37 (As of Sep. 2023)

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What is Spicejet Days Payable?

Spicejet's average Accounts Payable for the three months ended in Sep. 2023 was ₹28,424 Mil. Spicejet's Cost of Goods Sold for the three months ended in Sep. 2023 was ₹15,048 Mil. Hence, Spicejet's Days Payable for the three months ended in Sep. 2023 was 172.37.

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

BOM:500285' s Days Payable Range Over the Past 10 Years
Min: 35.57 Med: 46.18 Max: 203.49
Current: 203.49

During the past 13 years, Spicejet's highest Days Payable was 203.49. The lowest was 35.57. And the median was 46.18.

BOM:500285's Days Payable is ranked better than
92.9% of 929 companies
in the Transportation industry
Industry Median: 38.81 vs BOM:500285: 203.49

Spicejet's Days Payable increased from Jun. 2022 (95.08) to Sep. 2023 (172.37). It may suggest that Spicejet delayed paying its suppliers.

Spicejet Days Payable Historical Data

The historical data trend for Spicejet'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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Spicejet Days Payable Chart

Spicejet Annual Data

Trend

Mar13

Mar14

Mar15

Mar16

Mar17

Mar18

Mar19

Mar20

Mar21

Mar22

Days Payable

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35.57

38.65

43.91

109.70

106.99

Spicejet Quarterly Data
	Sep18	Dec18	Mar19	Jun19	Sep19	Dec19	Mar20	Jun20	Sep20	Dec20	Mar21	Jun21	Sep21	Dec21	Mar22	Jun22	Sep22	Dec22	Jun23	Sep23
Days Payable	Get a 7-Day Free Trial															95.08	126.55	129.78	-	172.37

Competitive Comparison of Spicejet's Days Payable

For the Airlines subindustry, Spicejet'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.

Spicejet's Days Payable Distribution in the Transportation Industry

For the Transportation industry and Industrials sector, Spicejet's Days Payable distribution charts can be found below:

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

Spicejet 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.

Spicejet's Days Payable for the fiscal year that ended in Mar. 2022 is calculated as

	Days Payable (A: Mar. 2022 )
=	Average Accounts Payable					/	Cost of Goods Sold	*	Days in Period
=	( (Accounts Payable (A: Mar. 2021 )	+	Accounts Payable (A: Mar. 2022 ))	/	count )	/	Cost of Goods Sold (A: Mar. 2022 )	*	Days in Period
=	( (20007.17	+	26129.42)	/	2 )	/	78696.84	*	365
=	23068.295					/	78696.84	*	365
=	106.99

Spicejet'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: Jun. 2023 )	+	Accounts Payable (Q: Sep. 2023 ))	/	count )	/	Cost of Goods Sold (Q: Sep. 2023 )	*	Days in Period
=	( (0	+	28424.2)	/	1 )	/	15047.6	*	365 / 4
=	28424.2					/	15047.6	*	365 / 4
=	172.37

Spicejet Days Payable Related Terms

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Spicejet (BOM:500285) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Industrials » Transportation » Spicejet Ltd (BOM:500285) » Definitions » Days Payable

Comparable Companies

Traded in Other Exchanges

N/A

Address

319, Udyog Vihar, Phase IV, Gurugram, HR, IND, 122016

Website

https://www.spicejet.com

Spicejet Ltd is an India based airline company. It offers both domestic as well as international air travel services. The operating segments of the company are Airline Transport and Freighter and Logistics Services. Its primary revenue source is derived from passenger air travel with ancillary sources comprising Spice max, insurance, preferred seating, Spice vacations, lounge, visa, cab, cargo and onboard merchandise. In addition, the company also offers charter services.

Spicejet (BOM:500285) Headlines

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