Surat Trade & Mercantile (BOM:530185) Days Payable : 2.10 (As of Mar. 2024)

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What is Surat Trade & Mercantile Days Payable?

Surat Trade & Mercantile's average Accounts Payable for the three months ended in Mar. 2024 was ₹3.4 Mil. Surat Trade & Mercantile's Cost of Goods Sold for the three months ended in Mar. 2024 was ₹146.5 Mil. Hence, Surat Trade & Mercantile's Days Payable for the three months ended in Mar. 2024 was 2.10.

The historical rank and industry rank for Surat Trade & Mercantile's Days Payable or its related term are showing as below:

BOM:530185' s Days Payable Range Over the Past 10 Years
Min: 1.39 Med: 19.65 Max: 988.55
Current: 1.39

During the past 13 years, Surat Trade & Mercantile's highest Days Payable was 988.55. The lowest was 1.39. And the median was 19.65.

BOM:530185's Days Payable is ranked worse than
96.02% of 528 companies
in the Capital Markets industry
Industry Median: 105.34 vs BOM:530185: 1.39

Surat Trade & Mercantile's Days Payable increased from Mar. 2023 (1.40) to Mar. 2024 (2.10). It may suggest that Surat Trade & Mercantile delayed paying its suppliers.

Surat Trade & Mercantile Days Payable Historical Data

The historical data trend for Surat Trade & Mercantile'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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Surat Trade & Mercantile Days Payable Chart

Surat Trade & Mercantile Annual Data

Trend

Mar15

Mar16

Mar17

Mar18

Mar19

Mar20

Mar21

Mar22

Mar23

Mar24

Days Payable

Get a 7-Day Free Trial

28.08

988.55

81.67

3.40

1.56

Surat Trade & Mercantile 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															1.40	1.16	0.93	1.09	2.10

Competitive Comparison of Surat Trade & Mercantile's Days Payable

For the Capital Markets subindustry, Surat Trade & Mercantile'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.

Surat Trade & Mercantile's Days Payable Distribution in the Capital Markets Industry

For the Capital Markets industry and Financial Services sector, Surat Trade & Mercantile's Days Payable distribution charts can be found below:

* The bar in red indicates where Surat Trade & Mercantile's Days Payable falls into.

Surat Trade & Mercantile 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.

Surat Trade & Mercantile'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
=	( (1.968	+	3.367)	/	2 )	/	622.409	*	365
=	2.6675					/	622.409	*	365
=	1.56

Surat Trade & Mercantile'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	+	3.367)	/	1 )	/	146.504	*	365 / 4
=	3.367					/	146.504	*	365 / 4
=	2.10

Surat Trade & Mercantile Days Payable Related Terms

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Surat Trade & Mercantile (BOM:530185) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Financial Services » Capital Markets » Surat Trade & Mercantile Ltd (BOM:530185) » Definitions » Days Payable

Comparable Companies

Traded in Other Exchanges

N/A

Address

Puna-Kumbharia Road, Tulsi Krupa Arcade, 6th Floor, Near Aai Mata Chowk, Dumbhal, Surat, GJ, IND, 395010

Website

http://www.surattextilemillsltd.com

Surat Textile Mills Ltd is engaged in the manufacturing and selling of Polyester filament yarn, polyester chips, and spun yarn. It produces ring-spun yarn for the domestic market in various ranges, such as 100% polyester, 100% viscose, 100% modal, polyester viscose blend, and polyester modal blend. The Company's business segment consists of a single segment of Commodity Trading. The company derives a majority of its revenue from the Commodity trading segment. Geographically, it derives the majority of its revenue from India..

Surat Trade & Mercantile (BOM:530185) Headlines

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