Sunshield Chemicals (BOM:530845) Days Payable : 63.04 (As of Mar. 2024)

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What is Sunshield Chemicals Days Payable?

Sunshield Chemicals's average Accounts Payable for the three months ended in Mar. 2024 was ₹406 Mil. Sunshield Chemicals's Cost of Goods Sold for the three months ended in Mar. 2024 was ₹588 Mil. Hence, Sunshield Chemicals's Days Payable for the three months ended in Mar. 2024 was 63.04.

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

BOM:530845' s Days Payable Range Over the Past 10 Years
Min: 58.09 Med: 62.94 Max: 75.21
Current: 60.34

During the past 13 years, Sunshield Chemicals's highest Days Payable was 75.21. The lowest was 58.09. And the median was 62.94.

BOM:530845's Days Payable is ranked worse than
50.37% of 1505 companies
in the Chemicals industry
Industry Median: 60.63 vs BOM:530845: 60.34

Sunshield Chemicals's Days Payable increased from Mar. 2023 (46.95) to Mar. 2024 (63.04). It may suggest that Sunshield Chemicals delayed paying its suppliers.

Sunshield Chemicals Days Payable Historical Data

The historical data trend for Sunshield Chemicals'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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Sunshield Chemicals Days Payable Chart

Sunshield Chemicals Annual Data

Trend

Mar15

Mar16

Mar17

Mar18

Mar19

Mar20

Mar21

Mar22

Mar23

Mar24

Days Payable

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63.40

61.20

58.09

62.47

60.92

Sunshield Chemicals 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															46.95	47.20	62.38	67.32	63.04

Competitive Comparison of Sunshield Chemicals's Days Payable

For the Specialty Chemicals subindustry, Sunshield Chemicals'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.

Sunshield Chemicals's Days Payable Distribution in the Chemicals Industry

For the Chemicals industry and Basic Materials sector, Sunshield Chemicals's Days Payable distribution charts can be found below:

* The bar in red indicates where Sunshield Chemicals's Days Payable falls into.

Sunshield Chemicals 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.

Sunshield Chemicals'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
=	( (237.2	+	406.3)	/	2 )	/	1927.7	*	365
=	321.75					/	1927.7	*	365
=	60.92

Sunshield Chemicals'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	+	406.3)	/	1 )	/	588.1	*	365 / 4
=	406.3					/	588.1	*	365 / 4
=	63.04

Sunshield Chemicals Days Payable Related Terms

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Sunshield Chemicals (BOM:530845) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Basic Materials » Chemicals » Sunshield Chemicals Ltd (BOM:530845) » Definitions » Days Payable

Comparable Companies

Traded in Other Exchanges

N/A

Address

Pali-Khopoli Road, Village Rasal, Wave Taluka Sudhagad, District Raigad, Post Pali, Mumbai, MH, IND, 410205

Website

https://www.sunshieldchemicals.com

Sunshield Chemicals Ltd is a company engaged in the manufacture and sale of specialty chemicals in domestic and international markets. Its products are Ethoxylates & Propoxylates, THEIC, HQEE, Antioxidants, and Urea Formaldehyde Resin. Its specialty chemicals are used across a range of industries, such as wire insulation enamel, polyvinyl chloride stabilizers, inks, colors, coatings, textiles, agrochemicals, polymers, plastics, rubber, latex, tire and tubes, conveyor belts, lubricants, additives, and home care. It operates only in one segment namely Specialty Chemicals and generates its revenue from India.

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