Raj Packaging Industries (BOM:530111) Days Payable : 21.14 (As of Mar. 2024)

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What is Raj Packaging Industries Days Payable?

Raj Packaging Industries's average Accounts Payable for the three months ended in Mar. 2024 was ₹13.2 Mil. Raj Packaging Industries's Cost of Goods Sold for the three months ended in Mar. 2024 was ₹57.0 Mil. Hence, Raj Packaging Industries's Days Payable for the three months ended in Mar. 2024 was 21.14.

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

BOM:530111' s Days Payable Range Over the Past 10 Years
Min: 26.24 Med: 30.44 Max: 34.87
Current: 29.38

During the past 13 years, Raj Packaging Industries's highest Days Payable was 34.87. The lowest was 26.24. And the median was 30.44.

BOM:530111's Days Payable is ranked worse than
83.92% of 367 companies
in the Packaging & Containers industry
Industry Median: 59.64 vs BOM:530111: 29.38

Raj Packaging Industries's Days Payable declined from Mar. 2023 (27.73) to Mar. 2024 (21.14). It may suggest that Raj Packaging Industries accelerated paying its suppliers.

Raj Packaging Industries Days Payable Historical Data

The historical data trend for Raj Packaging 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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Raj Packaging Industries Days Payable Chart

Raj Packaging Industries Annual Data

Trend

Mar15

Mar16

Mar17

Mar18

Mar19

Mar20

Mar21

Mar22

Mar23

Mar24

Days Payable

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26.54

26.24

28.08

31.07

28.94

Raj Packaging 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															27.73	33.05	31.08	32.50	21.14

Competitive Comparison of Raj Packaging Industries's Days Payable

For the Packaging & Containers subindustry, Raj Packaging 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.

Raj Packaging Industries's Days Payable Distribution in the Packaging & Containers Industry

For the Packaging & Containers industry and Consumer Cyclical sector, Raj Packaging Industries's Days Payable distribution charts can be found below:

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

Raj Packaging 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.

Raj Packaging 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
=	( (24.773	+	13.205)	/	2 )	/	239.52	*	365
=	18.989					/	239.52	*	365
=	28.94

Raj Packaging 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	+	13.205)	/	1 )	/	57.009	*	365 / 4
=	13.205					/	57.009	*	365 / 4
=	21.14

Raj Packaging Industries Days Payable Related Terms

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Raj Packaging Industries (BOM:530111) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Consumer Cyclical » Packaging & Containers » Raj Packaging Industries Ltd (BOM:530111) » Definitions » Days Payable

Comparable Companies

Traded in Other Exchanges

N/A

Address

Raj Bhavan Road, 6-3-1247, Metro Residency, Flat No. 202 & 203, Hyderabad, TG, IND, 500082

Website

https://www.rajpack.com

Raj Packaging Industries Ltd is engaged in the manufacture of multilayer co-extruded plastic film and flexible packaging material. Its product portfolio includes multilayer films; laminates and shrink films. The company products are used in Dairy Products; Edible Oils/Ghee; Frozen Foods/Marine Products; Vaccum Pouches; Sensitive Chemicals; Specialty Film; Pharmaceuticals; Household Supplies; Beauty Care; Automotives and other industries.

Raj Packaging Industries (BOM:530111) Headlines

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