Spectrum Foods (BOM:531982) Days Payable : 2.53 (As of Mar. 2024)

View and export this data going back to 2001. Start your Free Trial

What is Spectrum Foods Days Payable?

Spectrum Foods's average Accounts Payable for the three months ended in Mar. 2024 was ₹2.7 Mil. Spectrum Foods's Cost of Goods Sold for the three months ended in Mar. 2024 was ₹98.7 Mil. Hence, Spectrum Foods's Days Payable for the three months ended in Mar. 2024 was 2.53.

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

BOM:531982' s Days Payable Range Over the Past 10 Years
Min: 15.59 Med: 134.07 Max: 638.45
Current: 108.58

During the past 13 years, Spectrum Foods's highest Days Payable was 638.45. The lowest was 15.59. And the median was 134.07.

BOM:531982's Days Payable is ranked better than
83.59% of 1785 companies
in the Consumer Packaged Goods industry
Industry Median: 46.07 vs BOM:531982: 108.58

Spectrum Foods's Days Payable declined from Mar. 2023 (174.62) to Mar. 2024 (2.53). It may suggest that Spectrum Foods accelerated paying its suppliers.

Spectrum Foods Days Payable Historical Data

The historical data trend for Spectrum Foods'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.

* Premium members only.

Spectrum Foods Days Payable Chart

Spectrum Foods Annual Data

Trend

Mar15

Mar16

Mar17

Mar18

Mar19

Mar20

Mar21

Mar22

Mar23

Mar24

Days Payable

Get a 7-Day Free Trial

37.79

23.35

15.59

189.88

78.25

Spectrum Foods 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															174.62	407.66	939.68	247.21	2.53

Competitive Comparison of Spectrum Foods's Days Payable

For the Packaged Foods subindustry, Spectrum Foods'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.

Spectrum Foods's Days Payable Distribution in the Consumer Packaged Goods Industry

For the Consumer Packaged Goods industry and Consumer Defensive sector, Spectrum Foods's Days Payable distribution charts can be found below:

* The bar in red indicates where Spectrum Foods's Days Payable falls into.

Spectrum Foods 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.

Spectrum Foods'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
=	( (58.404	+	2.741)	/	2 )	/	142.614	*	365
=	30.5725					/	142.614	*	365
=	78.25

Spectrum Foods'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	+	2.741)	/	1 )	/	98.708	*	365 / 4
=	2.741					/	98.708	*	365 / 4
=	2.53

Spectrum Foods Days Payable Related Terms

Thank you for viewing the detailed overview of Spectrum Foods's Days Payable provided by GuruFocus.com. Please click on the following links to see related term pages.

Spectrum Foods (BOM:531982) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Consumer Defensive » Consumer Packaged Goods » Spectrum Foods Ltd (BOM:531982) » Definitions » Days Payable

Traded in Other Exchanges

890199:India

Address

L-5, B-II, Krishna Marg, C-Scheme, Ashok Nagar, Panch Batti, Jaipur, RJ, IND, 302001

Website

https://www.suryasalt.com

Spectrum Foods Ltd is active in the manufacturing and selling of salt and spices. The company's operating segment includes Salt Business and Energy. It generates maximum revenue from the Salt Business segment. The company offers a wide array of spices in various forms such as whole, grounded, blended and flakes. Its specialized variety of spices includes - turmeric powder, red chili powder, cumin seeds, fennel powder, coriander seeds, fenugreek seeds, mixed spices, and others.

Spectrum Foods (BOM:531982) Headlines

No Headlines