Stovec Industries (BOM:504959) Days Payable : 63.41 (As of Dec. 2023)

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What is Stovec Industries Days Payable?

Stovec Industries's average Accounts Payable for the three months ended in Dec. 2023 was ₹276 Mil. Stovec Industries's Cost of Goods Sold for the three months ended in Dec. 2023 was ₹398 Mil. Hence, Stovec Industries's Days Payable for the three months ended in Dec. 2023 was 63.41.

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

BOM:504959' s Days Payable Range Over the Past 10 Years
Min: 48.08 Med: 77.18 Max: 93.7
Current: 60.69

During the past 13 years, Stovec Industries's highest Days Payable was 93.70. The lowest was 48.08. And the median was 77.18.

BOM:504959's Days Payable is ranked worse than
61.58% of 2931 companies
in the Industrial Products industry
Industry Median: 76.43 vs BOM:504959: 60.69

Stovec Industries's Days Payable increased from Dec. 2022 (51.88) to Dec. 2023 (63.41). It may suggest that Stovec Industries delayed paying its suppliers.

Stovec Industries Days Payable Historical Data

The historical data trend for Stovec Industries'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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Stovec Industries Days Payable Chart

Stovec Industries Annual Data

Trend

Dec14

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

Days Payable

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81.89

90.73

48.62

48.08

70.34

Stovec Industries 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															51.88	83.86	37.18	45.32	63.41

Competitive Comparison of Stovec Industries's Days Payable

For the Specialty Industrial Machinery subindustry, Stovec Industries'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.

Stovec Industries's Days Payable Distribution in the Industrial Products Industry

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

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

Stovec Industries 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.

Stovec Industries's Days Payable for the fiscal year that ended in Dec. 2023 is calculated as

	Days Payable (A: Dec. 2023 )
=	Average Accounts Payable					/	Cost of Goods Sold	*	Days in Period
=	( (Accounts Payable (A: Dec. 2022 )	+	Accounts Payable (A: Dec. 2023 ))	/	count )	/	Cost of Goods Sold (A: Dec. 2023 )	*	Days in Period
=	( (228.61	+	276.41)	/	2 )	/	1310.35	*	365
=	252.51					/	1310.35	*	365
=	70.34

Stovec Industries'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	+	276.41)	/	1 )	/	397.79	*	365 / 4
=	276.41					/	397.79	*	365 / 4
=	63.41

Stovec Industries Days Payable Related Terms

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Stovec Industries (BOM:504959) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Industrials » Industrial Products » Stovec Industries Ltd (BOM:504959) » Definitions » Days Payable

Comparable Companies

Traded in Other Exchanges

N/A

Address

N.I.D.C., Near Lambha Village, Post Narol, Ahmedabad, GJ, IND, 382 405

Website

https://www.spgprints.com

Stovec Industries Ltd is engaged in the production of Rotary Screens and Printing Machines and manufacturer of precision metal components. The firm operates in three verticals namely Textile Consumables and Textile Machinery, Graphics Product, and Galvanic. The textile consumables segment comprises perforated rotary screens, lacquer and auxiliary chemicals, rotary screen-printing machines, engraving equipment, components and spares, and digital ink. Graphics Products include anilox rollers, rotamesh screens, and rotaplate. The Galvanic segment consists of Galvano consumables. The Textile consumables segment is the most prominent segment for the firm contributing the majority of the total revenue primarily from India.

Stovec Industries (BOM:504959) Headlines

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