Priti International (NSE:PRITI) Days Payable : 14.84 (As of Mar. 2024)

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What is Priti International Days Payable?

Priti International's average Accounts Payable for the three months ended in Mar. 2024 was ₹40.4 Mil. Priti International's Cost of Goods Sold for the three months ended in Mar. 2024 was ₹248.3 Mil. Hence, Priti International's Days Payable for the three months ended in Mar. 2024 was 14.84.

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

NSE:PRITI' s Days Payable Range Over the Past 10 Years
Min: 22.86 Med: 48.7 Max: 126.78
Current: 28.3

During the past 12 years, Priti International's highest Days Payable was 126.78. The lowest was 22.86. And the median was 48.70.

NSE:PRITI's Days Payable is ranked worse than
87.34% of 403 companies
in the Furnishings, Fixtures & Appliances industry
Industry Median: 69.13 vs NSE:PRITI: 28.30

Priti International's Days Payable declined from Mar. 2023 (24.63) to Mar. 2024 (14.84). It may suggest that Priti International accelerated paying its suppliers.

Priti International Days Payable Historical Data

The historical data trend for Priti International'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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Priti International Days Payable Chart

Priti International Annual Data

Trend

Mar15

Mar16

Mar17

Mar18

Mar19

Mar20

Mar21

Mar22

Mar23

Mar24

Days Payable

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46.50

30.52

22.86

26.09

28.37

Priti International Quarterly Data
	Dec17	Mar18	Sep18	Mar19	Sep19	Mar20	Sep20	Mar21	Jun21	Sep21	Dec21	Mar22	Jun22	Sep22	Dec22	Mar23	Jun23	Sep23	Dec23	Mar24
Days Payable	Get a 7-Day Free Trial															24.63	46.88	32.13	31.85	14.84

Competitive Comparison of Priti International's Days Payable

For the Furnishings, Fixtures & Appliances subindustry, Priti International'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.

Priti International's Days Payable Distribution in the Furnishings, Fixtures & Appliances Industry

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

* The bar in red indicates where Priti International's Days Payable falls into.

Priti International 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.

Priti International'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
=	( (62.143	+	40.38)	/	2 )	/	659.618	*	365
=	51.2615					/	659.618	*	365
=	28.37

Priti International'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	+	40.38)	/	1 )	/	248.304	*	365 / 4
=	40.38					/	248.304	*	365 / 4
=	14.84

Priti International Days Payable Related Terms

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

Priti International (NSE:PRITI) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Consumer Cyclical » Furnishings, Fixtures & Appliances » Priti International Ltd (NSE:PRITI) » Definitions » Days Payable

Traded in Other Exchanges

N/A

Address

1, Basement, Abhay Chambers Opposite SBI Bank, Jalori Gate, Jodhpur, RJ, IND, 342001

Website

https://www.pritiinternationalltd.com

Priti International Ltd is engaged in the manufacturing and exporting of handicraft products. It offers a wide range of products including solid wood and metal furniture articles, home furnishing items, creative wooden and metal articles for various uses, textile-based products like cushions, pillow covers, rugs and carpets, handbags, travel bags and backpacks, and pet products. The company's operating segment includes Wooden and Iron Handicraft and Textile Handicraft. It generates maximum revenue from the Wooden and Iron Handicraft segment.

Priti International (NSE:PRITI) Headlines

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