Sprayking (BOM:540079) Days Payable : 23.36 (As of Sep. 2023)

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What is Sprayking Days Payable?

Sprayking's average Accounts Payable for the six months ended in Sep. 2023 was ₹48 Mil. Sprayking's Cost of Goods Sold for the six months ended in Sep. 2023 was ₹371 Mil. Hence, Sprayking's Days Payable for the six months ended in Sep. 2023 was 23.36.

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

BOM:540079' s Days Payable Range Over the Past 10 Years
Min: 4.2 Med: 11.34 Max: 38.36
Current: 38.36

During the past 13 years, Sprayking's highest Days Payable was 38.36. The lowest was 4.20. And the median was 11.34.

BOM:540079's Days Payable is ranked worse than
81.63% of 2924 companies
in the Industrial Products industry
Industry Median: 76.835 vs BOM:540079: 38.36

Sprayking's Days Payable declined from Sep. 2022 (49.69) to Sep. 2023 (23.36). It may suggest that Sprayking accelerated paying its suppliers.

Sprayking Days Payable Historical Data

The historical data trend for Sprayking'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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Sprayking Days Payable Chart

Sprayking Annual Data

Trend

Mar15

Mar16

Mar17

Mar18

Mar19

Mar20

Mar21

Mar22

Mar23

Mar24

Days Payable

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4.63

4.20

34.45

30.27

36.14

Sprayking Semi-Annual Data
	Mar14	Mar15	Sep15	Mar16	Sep16	Mar17	Sep17	Mar18	Sep18	Mar19	Sep19	Mar20	Sep20	Mar21	Sep21	Mar22	Sep22	Mar23	Sep23	Mar24
Days Payable	Get a 7-Day Free Trial															18.71	49.69	5.98	23.36	53.48

Competitive Comparison of Sprayking's Days Payable

For the Metal Fabrication subindustry, Sprayking'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.

Sprayking's Days Payable Distribution in the Industrial Products Industry

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

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

Sprayking 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.

Sprayking's Days Payable for the fiscal year that ended in Mar. 2024 is calculated as

	Days Payable (A: Mar. 2024 )
=	Average Accounts Payable					/	Cost of Goods Sold	*	Days in Period
=	( (Accounts Payable (A: Mar. 2023 )	+	Accounts Payable (A: Mar. 2024 ))	/	count )	/	Cost of Goods Sold (A: Mar. 2024 )	*	Days in Period
=	( (1.445	+	156.573)	/	2 )	/	797.875	*	365
=	79.009					/	797.875	*	365
=	36.14

Sprayking'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
=	( (1.445	+	93.562)	/	2 )	/	371.086	*	365 / 2
=	47.5035					/	371.086	*	365 / 2
=	23.36

Sprayking Days Payable Related Terms

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Sprayking (BOM:540079) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Industrials » Industrial Products » Sprayking Ltd (BOM:540079) » Definitions » Days Payable

Comparable Companies

Traded in Other Exchanges

N/A

Address

GIDC Phase II, Plot No. 237/B, Shop No. 4, Dared, Jamnagar, GJ, IND, 361005

Website

http://www.spraykingagro.com

Sprayking Agro Equipment Ltd is a Brass Parts Manufacturing company. It is engaged in the manufacturing of brass agro equipment and brass plumbing components. It provides Casting of non-ferrous metals. Its products include Agricultural Parts, Plumbing Fittings, Flare, Compression Fittings, and many more.

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