Steel Authority Of India (NSE:SAIL) Days Payable : 88.79 (As of Dec. 2023)

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What is Steel Authority Of India Days Payable?

Steel Authority Of India's average Accounts Payable for the three months ended in Dec. 2023 was ₹109,104 Mil. Steel Authority Of India's Cost of Goods Sold for the three months ended in Dec. 2023 was ₹112,125 Mil. Hence, Steel Authority Of India's Days Payable for the three months ended in Dec. 2023 was 88.79.

The historical rank and industry rank for Steel Authority Of India's Days Payable or its related term are showing as below:

NSE:SAIL' s Days Payable Range Over the Past 10 Years
Min: 49.34 Med: 74.1 Max: 106.92
Current: 86.45

During the past 13 years, Steel Authority Of India's highest Days Payable was 106.92. The lowest was 49.34. And the median was 74.10.

NSE:SAIL's Days Payable is ranked better than
80.44% of 588 companies
in the Steel industry
Industry Median: 39.7 vs NSE:SAIL: 86.45

Steel Authority Of India's Days Payable declined from Dec. 2022 (94.87) to Dec. 2023 (88.79). It may suggest that Steel Authority Of India accelerated paying its suppliers.

Steel Authority Of India Days Payable Historical Data

The historical data trend for Steel Authority Of India'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.

Steel Authority Of India Days Payable Chart

Steel Authority Of India Annual Data

Trend

Mar14

Mar15

Mar16

Mar17

Mar18

Mar19

Mar20

Mar21

Mar22

Mar23

Days Payable

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75.62

82.43

77.95

106.92

100.05

Steel Authority Of India Quarterly Data
	Mar19	Jun19	Sep19	Dec19	Mar20	Jun20	Sep20	Dec20	Mar21	Jun21	Sep21	Dec21	Mar22	Jun22	Sep22	Dec22	Mar23	Jun23	Sep23	Dec23
Days Payable	Get a 7-Day Free Trial															94.87	84.32	100.12	64.00	88.79

Competitive Comparison of Steel Authority Of India's Days Payable

For the Steel subindustry, Steel Authority Of India'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.

Steel Authority Of India's Days Payable Distribution in the Steel Industry

For the Steel industry and Basic Materials sector, Steel Authority Of India's Days Payable distribution charts can be found below:

* The bar in red indicates where Steel Authority Of India's Days Payable falls into.

Steel Authority Of India 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.

Steel Authority Of India'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
=	( (169218.3	+	143417)	/	2 )	/	570252	*	365
=	156317.65					/	570252	*	365
=	100.05

Steel Authority Of India's Days Payable for the quarter that ended in Dec. 2023 is calculated as:

	Days Payable (Q: Dec. 2023 )
=	Average Accounts Payable					/	Cost of Goods Sold	*	Days in Period
=	( (Accounts Payable (Q: Sep. 2023 )	+	Accounts Payable (Q: Dec. 2023 ))	/	count )	/	Cost of Goods Sold (Q: Dec. 2023 )	*	Days in Period
=	( (109104.1	+	0)	/	1 )	/	112124.7	*	365 / 4
=	109104.1					/	112124.7	*	365 / 4
=	88.79

Steel Authority Of India Days Payable Related Terms

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Steel Authority Of India (NSE:SAIL) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Basic Materials » Steel » Steel Authority Of India Ltd (NSE:SAIL) » Definitions » Days Payable

Comparable Companies

Traded in Other Exchanges

500113:India

Address

Lodi Road, Ispat Bhawan, New Delhi, IND, 110003

Website

https://www.sail.co.in

Steel Authority Of India Ltd is a steelmaker. The company primarily produces flat steel products (including plates, sheets, coils, and galvanized plain), long steel products (rails, structural, wire rods, and merchant products), electric-resistance-welded pipes, and silicon steel sheets. Flat and long products account for the majority of the company's sales. The company runs five integrated steel plants and three alloy steel plants. It generates most of its revenue from the Indian domestic market.