Sky Industries (BOM:526479) Days Payable : 43.06 (As of Mar. 2024)

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What is Sky Industries Days Payable?

Sky Industries's average Accounts Payable for the three months ended in Mar. 2024 was ₹62.6 Mil. Sky Industries's Cost of Goods Sold for the three months ended in Mar. 2024 was ₹132.6 Mil. Hence, Sky Industries's Days Payable for the three months ended in Mar. 2024 was 43.06.

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

BOM:526479' s Days Payable Range Over the Past 10 Years
Min: 40.21 Med: 73.62 Max: 87.64
Current: 40.21

During the past 13 years, Sky Industries's highest Days Payable was 87.64. The lowest was 40.21. And the median was 73.62.

BOM:526479's Days Payable is ranked worse than
64.8% of 1020 companies
in the Manufacturing - Apparel & Accessories industry
Industry Median: 56.73 vs BOM:526479: 40.21

Sky Industries's Days Payable declined from Mar. 2023 (48.04) to Mar. 2024 (43.06). It may suggest that Sky Industries accelerated paying its suppliers.

Sky Industries Days Payable Historical Data

The historical data trend for Sky 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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Sky Industries Days Payable Chart

Sky Industries Annual Data

Trend

Mar15

Mar16

Mar17

Mar18

Mar19

Mar20

Mar21

Mar22

Mar23

Mar24

Days Payable

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79.52

87.64

56.01

47.64

41.50

Sky Industries 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															48.04	40.84	35.20	39.58	43.06

Competitive Comparison of Sky Industries's Days Payable

For the Textile Manufacturing subindustry, Sky 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.

Sky Industries's Days Payable Distribution in the Manufacturing - Apparel & Accessories Industry

For the Manufacturing - Apparel & Accessories industry and Consumer Cyclical sector, Sky Industries's Days Payable distribution charts can be found below:

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

Sky 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.

Sky Industries'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
=	( (63.165	+	62.597)	/	2 )	/	552.994	*	365
=	62.881					/	552.994	*	365
=	41.50

Sky Industries'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	+	62.597)	/	1 )	/	132.647	*	365 / 4
=	62.597					/	132.647	*	365 / 4
=	43.06

Sky Industries Days Payable Related Terms

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Sky Industries (BOM:526479) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Consumer Cyclical » Manufacturing - Apparel & Accessories » Sky Industries Ltd (BOM:526479) » Definitions » Days Payable

Traded in Other Exchanges

N/A

Address

Ghatkopar Mankhurd Link Road, 1101, Universal Majestic, Chedda Nagar,, Behind RBK International School, Chembur West, Mumbai, MH, IND, 400 043

Website

https://www.skycorp.in

Sky Industries Ltd is a manufacturer and supplier of narrow woven fabrics. Its only operating segment is Fastening Solutions. The product range comprises various types of hook and loop fasteners, Value added products, velvet, neoprene, elastic, and other customized products. It serves industries like Infant wear, Orthopaedic, Footwear, Automotive, Defense, Apparel, and Packaging.

Sky Industries (BOM:526479) Headlines

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