Veerkrupa Jewellers (BOM:543545) Days Payable : 19.58 (As of Sep. 2023)

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What is Veerkrupa Jewellers Days Payable?

Veerkrupa Jewellers's average Accounts Payable for the six months ended in Sep. 2023 was ₹9.6 Mil. Veerkrupa Jewellers's Cost of Goods Sold for the six months ended in Sep. 2023 was ₹89.7 Mil. Hence, Veerkrupa Jewellers's Days Payable for the six months ended in Sep. 2023 was 19.58.

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

BOM:543545' s Days Payable Range Over the Past 10 Years
Min: 16.99 Med: 156.09 Max: 230.81
Current: 71.07

During the past 5 years, Veerkrupa Jewellers's highest Days Payable was 230.81. The lowest was 16.99. And the median was 156.09.

BOM:543545's Days Payable is ranked better than
59.85% of 1081 companies
in the Retail - Cyclical industry
Industry Median: 56.64 vs BOM:543545: 71.07

Veerkrupa Jewellers's Days Payable declined from Sep. 2022 (296.71) to Sep. 2023 (19.58). It may suggest that Veerkrupa Jewellers accelerated paying its suppliers.

Veerkrupa Jewellers Days Payable Historical Data

The historical data trend for Veerkrupa Jewellers'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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Veerkrupa Jewellers Days Payable Chart

Veerkrupa Jewellers Annual Data

Trend

Mar19

Mar20

Mar21

Mar22

Mar23

Days Payable

198.37

16.99

230.81

156.09

57.86

Veerkrupa Jewellers Semi-Annual Data
	Mar19	Mar20	Mar21	Sep21	Mar22	Sep22	Mar23	Sep23
Days Payable	Get a 7-Day Free Trial			121.40	-	296.71	82.46	19.58

Competitive Comparison of Veerkrupa Jewellers's Days Payable

For the Luxury Goods subindustry, Veerkrupa Jewellers'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.

Veerkrupa Jewellers's Days Payable Distribution in the Retail - Cyclical Industry

For the Retail - Cyclical industry and Consumer Cyclical sector, Veerkrupa Jewellers's Days Payable distribution charts can be found below:

* The bar in red indicates where Veerkrupa Jewellers's Days Payable falls into.

Veerkrupa Jewellers 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.

Veerkrupa Jewellers's Days Payable for the fiscal year that ended in Mar. 2023 is calculated as

	Days Payable (A: Mar. 2023 )
=	Average Accounts Payable					/	Cost of Goods Sold	*	Days in Period
=	( (Accounts Payable (A: Mar. 2022 )	+	Accounts Payable (A: Mar. 2023 ))	/	count )	/	Cost of Goods Sold (A: Mar. 2023 )	*	Days in Period
=	( (48.108	+	8.088)	/	2 )	/	177.247	*	365
=	28.098					/	177.247	*	365
=	57.86

Veerkrupa Jewellers's Days Payable for the quarter that ended in Sep. 2023 is calculated as:

	Days Payable (Q: Sep. 2023 )
=	Average Accounts Payable					/	Cost of Goods Sold	*	Days in Period
=	( (Accounts Payable (Q: Mar. 2023 )	+	Accounts Payable (Q: Sep. 2023 ))	/	count )	/	Cost of Goods Sold (Q: Sep. 2023 )	*	Days in Period
=	( (8.088	+	11.163)	/	2 )	/	89.702	*	365 / 2
=	9.6255					/	89.702	*	365 / 2
=	19.58

Veerkrupa Jewellers Days Payable Related Terms

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Veerkrupa Jewellers (BOM:543545) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Consumer Cyclical » Retail - Cyclical » Veerkrupa Jewellers Ltd (BOM:543545) » Definitions » Days Payable

Traded in Other Exchanges

N/A

Address

Shop No. 7, Vrundavan Residency, Near Satyam School, Near Dharmnath Prabhu Society, Naroda, Ahmedabad, GJ, IND, 382 330

Website

https://www.veerkrupajewellers.com

Veerkrupa Jewellers Ltd is engaged in the jewellery business including the sale of silver, gold, studded and other jewellery products. The company's jewellery is made of gold, silver, studded and other jewellery products that includes diamond, platinum and other precious and semi-precious stones.

Veerkrupa Jewellers (BOM:543545) Headlines

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