Savani Financials (BOM:511577) Days Payable : 52.16 (As of Mar. 2024)

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What is Savani Financials Days Payable?

Savani Financials's average Accounts Payable for the three months ended in Mar. 2024 was ₹1.79 Mil. Savani Financials's Cost of Goods Sold for the three months ended in Mar. 2024 was ₹3.14 Mil. Hence, Savani Financials's Days Payable for the three months ended in Mar. 2024 was 52.16.

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

BOM:511577' s Days Payable Range Over the Past 10 Years
Min: 105.82 Med: 242.03 Max: 1606
Current: 116.73

During the past 13 years, Savani Financials's highest Days Payable was 1606.00. The lowest was 105.82. And the median was 242.03.

BOM:511577's Days Payable is ranked better than
70.67% of 283 companies
in the Credit Services industry
Industry Median: 43.63 vs BOM:511577: 116.73

Savani Financials's Days Payable declined from Mar. 2023 (2,413.06) to Mar. 2024 (52.16). It may suggest that Savani Financials accelerated paying its suppliers.

Savani Financials Days Payable Historical Data

The historical data trend for Savani Financials'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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Savani Financials Days Payable Chart

Savani Financials Annual Data

Trend

Mar15

Mar16

Mar17

Mar18

Mar19

Mar20

Mar21

Mar22

Mar23

Mar24

Days Payable

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1,606.00

242.03

105.82

Savani Financials Quarterly Data
	Jun19	Sep19	Dec19	Mar20	Jun20	Sep20	Dec20	Mar21	Jun21	Sep21	Dec21	Mar22	Jun22	Sep22	Dec22	Mar23	Jun23	Sep23	Dec23	Mar24
Days Payable	Get a 7-Day Free Trial															2,413.06	-	3,566.80	365.27	52.16

Competitive Comparison of Savani Financials's Days Payable

For the Credit Services subindustry, Savani Financials'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.

Savani Financials's Days Payable Distribution in the Credit Services Industry

For the Credit Services industry and Financial Services sector, Savani Financials's Days Payable distribution charts can be found below:

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

Savani Financials 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.

Savani Financials'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
=	( (0.238	+	1.792)	/	2 )	/	3.501	*	365
=	1.015					/	3.501	*	365
=	105.82

Savani Financials's Days Payable for the quarter that ended in Mar. 2024 is calculated as:

	Days Payable (Q: Mar. 2024 )
=	Average Accounts Payable					/	Cost of Goods Sold	*	Days in Period
=	( (Accounts Payable (Q: Dec. 2023 )	+	Accounts Payable (Q: Mar. 2024 ))	/	count )	/	Cost of Goods Sold (Q: Mar. 2024 )	*	Days in Period
=	( (0	+	1.792)	/	1 )	/	3.135	*	365 / 4
=	1.792					/	3.135	*	365 / 4
=	52.16

Savani Financials Days Payable Related Terms

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Savani Financials (BOM:511577) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Financial Services » Credit Services » Savani Financials Ltd (BOM:511577) » Definitions » Days Payable

Comparable Companies

Traded in Other Exchanges

N/A

Address

Off Link Road, 602, Samarth Vaibhav Co-op Hsg Society Ltd., Lokhandwala Complex, Andheri (West), Mumbai, MH, IND, 400 053

Website

http://www.savanifinancials.co.in

Savani Financials Ltd is an India-based non-banking financial company. It is engaged in the business of investment and financial services. The company earns income from interest on bank deposits and others.

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