Raasi Refractories (BOM:502271) Days Payable : 491.87 (As of Dec. 2023)

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What is Raasi Refractories Days Payable?

Raasi Refractories's average Accounts Payable for the three months ended in Dec. 2023 was ₹290.6 Mil. Raasi Refractories's Cost of Goods Sold for the three months ended in Dec. 2023 was ₹53.9 Mil. Hence, Raasi Refractories's Days Payable for the three months ended in Dec. 2023 was 491.87.

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

BOM:502271' s Days Payable Range Over the Past 10 Years
Min: 5.91 Med: 83.01 Max: 646.46
Current: 161.31

During the past 13 years, Raasi Refractories's highest Days Payable was 646.46. The lowest was 5.91. And the median was 83.01.

BOM:502271's Days Payable is ranked better than
83.47% of 369 companies
in the Building Materials industry
Industry Median: 66.44 vs BOM:502271: 161.31

Raasi Refractories's Days Payable increased from Dec. 2022 (94.89) to Dec. 2023 (491.87). It may suggest that Raasi Refractories delayed paying its suppliers.

Raasi Refractories Days Payable Historical Data

The historical data trend for Raasi Refractories'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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Raasi Refractories Days Payable Chart

Raasi Refractories Annual Data

Trend

Mar14

Mar15

Mar16

Mar17

Mar18

Mar19

Mar20

Mar21

Mar22

Mar23

Days Payable

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83.99

5.91

24.93

26.03

63.78

Raasi Refractories 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															94.89	41.73	1,255.28	316.03	491.87

Competitive Comparison of Raasi Refractories's Days Payable

For the Building Materials subindustry, Raasi Refractories'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.

Raasi Refractories's Days Payable Distribution in the Building Materials Industry

For the Building Materials industry and Basic Materials sector, Raasi Refractories's Days Payable distribution charts can be found below:

* The bar in red indicates where Raasi Refractories's Days Payable falls into.

Raasi Refractories 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.

Raasi Refractories'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
=	( (66.93	+	123.465)	/	2 )	/	544.838	*	365
=	95.1975					/	544.838	*	365
=	63.78

Raasi Refractories'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
=	( (290.571	+	0)	/	1 )	/	53.906	*	365 / 4
=	290.571					/	53.906	*	365 / 4
=	491.87

Raasi Refractories Days Payable Related Terms

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Raasi Refractories (BOM:502271) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Basic Materials » Building Materials » Raasi Refractories Ltd (BOM:502271) » Definitions » Days Payable

Comparable Companies

Traded in Other Exchanges

N/A

Address

House No. 15-145/9, Kodandaram Nagar, Saroor Nagar, Near Sarada Talkies, Hyderabad, TG, IND, 500060

Website

https://www.raasi.in

Raasi Refractories Ltd is engaged in the manufacture of refractory products in India. The company offers Standard as well as Special refractories products which include basic refractories such as magnesite, alumina spinel bricks, fire clay and high alumina, cold and hot face insulation bricks, ramming, stopper heads, and much more.

Raasi Refractories (BOM:502271) Headlines

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