Prima Plastics (BOM:530589) Days Payable : 22.23 (As of Mar. 2024)

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What is Prima Plastics Days Payable?

Prima Plastics's average Accounts Payable for the three months ended in Mar. 2024 was ₹65 Mil. Prima Plastics's Cost of Goods Sold for the three months ended in Mar. 2024 was ₹268 Mil. Hence, Prima Plastics's Days Payable for the three months ended in Mar. 2024 was 22.23.

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

BOM:530589' s Days Payable Range Over the Past 10 Years
Min: 15.06 Med: 23.19 Max: 39.77
Current: 39.77

During the past 13 years, Prima Plastics's highest Days Payable was 39.77. The lowest was 15.06. And the median was 23.19.

BOM:530589's Days Payable is ranked worse than
74.94% of 403 companies
in the Furnishings, Fixtures & Appliances industry
Industry Median: 69.13 vs BOM:530589: 39.77

Prima Plastics's Days Payable declined from Dec. 2022 (25.98) to Mar. 2024 (22.23). It may suggest that Prima Plastics accelerated paying its suppliers.

Prima Plastics Days Payable Historical Data

The historical data trend for Prima Plastics'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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Prima Plastics Days Payable Chart

Prima Plastics Annual Data

Trend

Mar15

Mar16

Mar17

Mar18

Mar19

Mar20

Mar21

Mar22

Mar23

Mar24

Days Payable

Get a 7-Day Free Trial

21.76

24.84

24.61

34.20

35.15

Prima Plastics Quarterly Data
	Mar19	Jun19	Sep19	Dec19	Mar20	Jun20	Sep20	Dec20	Mar21	Jun21	Sep21	Dec21	Mar22	Jun22	Sep22	Dec22	Mar23	Sep23	Dec23	Mar24
Days Payable	Get a 7-Day Free Trial															25.98	37.27	33.66	22.28	22.23

Competitive Comparison of Prima Plastics's Days Payable

For the Furnishings, Fixtures & Appliances subindustry, Prima Plastics'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.

Prima Plastics's Days Payable Distribution in the Furnishings, Fixtures & Appliances Industry

For the Furnishings, Fixtures & Appliances industry and Consumer Cyclical sector, Prima Plastics's Days Payable distribution charts can be found below:

* The bar in red indicates where Prima Plastics's Days Payable falls into.

Prima Plastics 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.

Prima Plastics'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
=	( (127.746	+	65.345)	/	2 )	/	1002.472	*	365
=	96.5455					/	1002.472	*	365
=	35.15

Prima Plastics'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	+	65.345)	/	1 )	/	268.212	*	365 / 4
=	65.345					/	268.212	*	365 / 4
=	22.23

Prima Plastics Days Payable Related Terms

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Prima Plastics (BOM:530589) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Consumer Cyclical » Furnishings, Fixtures & Appliances » Prima Plastics Ltd (BOM:530589) » Definitions » Days Payable

Traded in Other Exchanges

N/A

Address

Saki-Vihar Road, No. 41, National House, Opposite Ansa A Building, Powai, Andheri (East), Mumbai, MH, IND, 400072

Website

https://www.primaplastics.com

Prima Plastics Ltd is an India-based company that which designs and manufactures plastic molded furniture from chairs, baby chairs, dining tables, stools, and teapoys in various colors. The company's products are used by the hotel, restaurant, household, swimming, and garden industry. Their products are exported to America, the Middle East, and Africa. Domestic sales generate the majority of the revenue for the company.

Prima Plastics (BOM:530589) Headlines

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