Sharp Chucks and Machines (NSE:SCML) Days Payable : 61.86 (As of Mar. 2023)

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What is Sharp Chucks and Machines Days Payable?

Sharp Chucks and Machines's average Accounts Payable for the six months ended in Mar. 2023 was ₹232 Mil. Sharp Chucks and Machines's Cost of Goods Sold for the six months ended in Mar. 2023 was ₹1,367 Mil. Hence, Sharp Chucks and Machines's Days Payable for the six months ended in Mar. 2023 was 30.93.

The historical rank and industry rank for Sharp Chucks and Machines's Days Payable or its related term are showing as below:

NSE:SCML' s Days Payable Range Over the Past 10 Years
Min: 60.56 Med: 61.86 Max: 62.81
Current: 61.86

During the past 3 years, Sharp Chucks and Machines's highest Days Payable was 62.81. The lowest was 60.56. And the median was 61.86.

NSE:SCML's Days Payable is ranked worse than
60.87% of 2936 companies
in the Industrial Products industry
Industry Median: 76.765 vs NSE:SCML: 61.86

Sharp Chucks and Machines's Days Payable increased from Mar. 2021 (60.56) to Mar. 2023 (61.86). It may suggest that Sharp Chucks and Machines delayed paying its suppliers.

Sharp Chucks and Machines Days Payable Historical Data

The historical data trend for Sharp Chucks and Machines'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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Sharp Chucks and Machines Days Payable Chart

Sharp Chucks and Machines Annual Data

Trend

Mar21

Mar22

Mar23

Days Payable

60.56

62.81

61.86

Sharp Chucks and Machines Semi-Annual Data
	Mar21	Mar22	Mar23
Days Payable	60.56	62.81	61.86

Competitive Comparison of Sharp Chucks and Machines's Days Payable

For the Specialty Industrial Machinery subindustry, Sharp Chucks and Machines'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.

Sharp Chucks and Machines's Days Payable Distribution in the Industrial Products Industry

For the Industrial Products industry and Industrials sector, Sharp Chucks and Machines's Days Payable distribution charts can be found below:

* The bar in red indicates where Sharp Chucks and Machines's Days Payable falls into.

Sharp Chucks and Machines 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.

Sharp Chucks and Machines'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
=	( (231.34	+	231.907)	/	2 )	/	1366.639	*	365
=	231.6235					/	1366.639	*	365
=	61.86

Sharp Chucks and Machines'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: Mar. 2022 )	+	Accounts Payable (Q: Mar. 2023 ))	/	count )	/	Cost of Goods Sold (Q: Mar. 2023 )	*	Days in Period
=	( (231.34	+	231.907)	/	2 )	/	1366.639	*	365 / 2
=	231.6235					/	1366.639	*	365 / 2
=	30.93

Sharp Chucks and Machines Days Payable Related Terms

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Sharp Chucks and Machines (NSE:SCML) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Industrials » Industrial Products » Sharp Chucks and Machines Ltd (NSE:SCML) » Definitions » Days Payable

Comparable Companies

Traded in Other Exchanges

N/A

Address

A-12, Industrial Development Colony, Jalandhar, PB, IND, 144012

Website

https://www.sharpchucks.com

Sharp Chucks and Machines Ltd is engaged in manufacturing forging products, casting products and machined components, that finds application in diverse industry, such as tractor, automobiles, material handling & earth moving equipment, railways, defense, machine tools, DIY industry, etc.

Sharp Chucks and Machines (NSE:SCML) Headlines

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