Goldkart Jewels (NSE:GOLDKART) Days Payable : 0.04 (As of Mar. 2023)

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What is Goldkart Jewels Days Payable?

Goldkart Jewels's average Accounts Payable for the six months ended in Mar. 2023 was ₹0.1 Mil. Goldkart Jewels's Cost of Goods Sold for the six months ended in Mar. 2023 was ₹297.4 Mil. Hence, Goldkart Jewels's Days Payable for the six months ended in Mar. 2023 was 0.04.

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

NSE:GOLDKART' s Days Payable Range Over the Past 10 Years
Min: 10.47 Med: 16.27 Max: 16.41
Current: 10.87

During the past 7 years, Goldkart Jewels's highest Days Payable was 16.41. The lowest was 10.47. And the median was 16.27.

NSE:GOLDKART's Days Payable is ranked worse than
92.41% of 1081 companies
in the Retail - Cyclical industry
Industry Median: 56.14 vs NSE:GOLDKART: 10.87

Goldkart Jewels's Days Payable declined from Mar. 2022 (9.67) to Mar. 2023 (0.04). It may suggest that Goldkart Jewels accelerated paying its suppliers.

Goldkart Jewels Days Payable Historical Data

The historical data trend for Goldkart Jewels'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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Goldkart Jewels Days Payable Chart

Goldkart Jewels Annual Data

Trend

Mar17

Mar18

Mar19

Mar20

Mar21

Mar22

Mar23

Days Payable

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10.47

16.41

16.27

Goldkart Jewels Semi-Annual Data
	Mar17	Mar18	Mar19	Sep19	Mar20	Sep20	Mar21	Sep21	Mar22	Sep22	Mar23
Days Payable	Get a 7-Day Free Trial						10.75	6.34	9.67	17.47	0.04

Competitive Comparison of Goldkart Jewels's Days Payable

For the Luxury Goods subindustry, Goldkart Jewels'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.

Goldkart Jewels's Days Payable Distribution in the Retail - Cyclical Industry

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

* The bar in red indicates where Goldkart Jewels's Days Payable falls into.

Goldkart Jewels 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.

Goldkart Jewels'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
=	( (49.62	+	0.05)	/	2 )	/	557.041	*	365
=	24.835					/	557.041	*	365
=	16.27

Goldkart Jewels's Days Payable for the quarter that ended in Mar. 2023 is calculated as:

	Days Payable (Q: Mar. 2023 )
=	Average Accounts Payable					/	Cost of Goods Sold	*	Days in Period
=	( (Accounts Payable (Q: Sep. 2022 )	+	Accounts Payable (Q: Mar. 2023 ))	/	count )	/	Cost of Goods Sold (Q: Mar. 2023 )	*	Days in Period
=	( (0.08	+	0.05)	/	2 )	/	297.382	*	365 / 2
=	0.065					/	297.382	*	365 / 2
=	0.04

Goldkart Jewels Days Payable Related Terms

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Goldkart Jewels (NSE:GOLDKART) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Consumer Cyclical » Retail - Cyclical » Goldkart Jewels Ltd (NSE:GOLDKART) » Definitions » Days Payable

Traded in Other Exchanges

N/A

Address

Mansi Cross Road, 7, Millenium Plaza, Opposite Swaminarayan Mandir, Vastrapur, Ahmedabad, GJ, IND, 380015

Website

http://www.sonahisona.com

Goldkart Jewels Ltd is engaged in the trading business of jewellery and ornaments. It offers gold Jewellery, diamond and platinum jewels and a variety of ornaments like Gold chains, Necklaces, Bangles, Ear Studs, Nose Rings, Waist Belts, Finger Rings, Bracelets, and various other items.

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