Chowgule Steamships (BOM:501833) Days Payable : 20.95 (As of Dec. 2023)

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What is Chowgule Steamships Days Payable?

Chowgule Steamships's average Accounts Payable for the three months ended in Dec. 2023 was ₹0.74 Mil. Chowgule Steamships's Cost of Goods Sold for the three months ended in Dec. 2023 was ₹3.22 Mil. Hence, Chowgule Steamships's Days Payable for the three months ended in Dec. 2023 was 20.95.

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

BOM:501833' s Days Payable Range Over the Past 10 Years
Min: 11.63 Med: 126.93 Max: 295.91
Current: 15.6

During the past 13 years, Chowgule Steamships's highest Days Payable was 295.91. The lowest was 11.63. And the median was 126.93.

BOM:501833's Days Payable is ranked worse than
87.41% of 929 companies
in the Transportation industry
Industry Median: 38.81 vs BOM:501833: 15.60

Chowgule Steamships's Days Payable increased from Dec. 2022 (10.74) to Dec. 2023 (20.95). It may suggest that Chowgule Steamships delayed paying its suppliers.

Chowgule Steamships Days Payable Historical Data

The historical data trend for Chowgule Steamships'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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Chowgule Steamships Days Payable Chart

Chowgule Steamships Annual Data

Trend

Mar14

Mar15

Mar16

Mar17

Mar18

Mar19

Mar20

Mar21

Mar22

Mar23

Days Payable

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123.48

173.67

295.91

160.54

11.63

Chowgule Steamships Quarterly Data
	Mar19	Jun19	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															10.74	11.59	21.62	25.35	20.95

Competitive Comparison of Chowgule Steamships's Days Payable

For the Marine Shipping subindustry, Chowgule Steamships'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.

Chowgule Steamships's Days Payable Distribution in the Transportation Industry

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

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

Chowgule Steamships 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.

Chowgule Steamships'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
=	( (0.306	+	0.643)	/	2 )	/	14.895	*	365
=	0.4745					/	14.895	*	365
=	11.63

Chowgule Steamships'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
=	( (0.738	+	0)	/	1 )	/	3.215	*	365 / 4
=	0.738					/	3.215	*	365 / 4
=	20.95

Chowgule Steamships Days Payable Related Terms

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Chowgule Steamships (BOM:501833) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Industrials » Transportation » Chowgule Steamships Ltd (BOM:501833) » Definitions » Days Payable

Traded in Other Exchanges

N/A

Address

Ram Maruti Road, 9 Mansi, 401, 4th floor, Cross lane no. 1, Near Tilak Garden, Thane, Mumbai, MH, IND, 400 602

Website

https://www.chowgulesteamships.co.in

Chowgule Steamships Ltd is an Indian-based shipping company. The company owns and operates a fleet of vessels for seaborne transportation of bulk cargoes. It has a single operating segment which is Shipping. Geographically, it derives the majority of its revenue from Outside India. The company generates revenue from Charter hire earnings, demurrage, and freight earnings.

Chowgule Steamships (BOM:501833) Headlines

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