Salora International (BOM:500370) Days Payable : 5.88 (As of Dec. 2023)

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What is Salora International Days Payable?

Salora International's average Accounts Payable for the three months ended in Dec. 2023 was ₹29 Mil. Salora International's Cost of Goods Sold for the three months ended in Dec. 2023 was ₹444 Mil. Hence, Salora International's Days Payable for the three months ended in Dec. 2023 was 5.88.

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

BOM:500370' s Days Payable Range Over the Past 10 Years
Min: 10.57 Med: 50.16 Max: 93.38
Current: 10.57

During the past 13 years, Salora International's highest Days Payable was 93.38. The lowest was 10.57. And the median was 50.16.

BOM:500370's Days Payable is ranked worse than
98.56% of 2423 companies
in the Hardware industry
Industry Median: 67.77 vs BOM:500370: 10.57

Salora International's Days Payable declined from Dec. 2022 (14.85) to Dec. 2023 (5.88). It may suggest that Salora International accelerated paying its suppliers.

Salora International Days Payable Historical Data

The historical data trend for Salora International'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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Salora International Days Payable Chart

Salora International Annual Data

Trend

Mar14

Mar15

Mar16

Mar17

Mar18

Mar19

Mar20

Mar21

Mar22

Mar23

Days Payable

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60.01

67.46

93.38

85.09

23.67

Salora International Quarterly Data
	Mar18	Mar19	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															14.85	16.12	10.37	6.28	5.88

Competitive Comparison of Salora International's Days Payable

For the Consumer Electronics subindustry, Salora International'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.

Salora International's Days Payable Distribution in the Hardware Industry

For the Hardware industry and Technology sector, Salora International's Days Payable distribution charts can be found below:

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

Salora International 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.

Salora International'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
=	( (106.767	+	39.8)	/	2 )	/	1129.988	*	365
=	73.2835					/	1129.988	*	365
=	23.67

Salora International'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
=	( (28.634	+	0)	/	1 )	/	444.085	*	365 / 4
=	28.634					/	444.085	*	365 / 4
=	5.88

Salora International Days Payable Related Terms

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Salora International (BOM:500370) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Technology » Hardware » Salora International Ltd (BOM:500370) » Definitions » Days Payable

Traded in Other Exchanges

N/A

Address

D-13/4, Okhla Industrial Area, Phase-II, New Delhi, IND, 110020

Website

https://www.salora.com

Salora International Ltd is engaged in the manufacturing and marketing of consumer electronic products. The company serves the consumer electronics, telecom, information technology, and lifestyle businesses. The Consumer Electronics division includes products like mobile phones, IT products, and accessories, loudspeakers, television sets, and smartphones.

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