Remi Edelstahl Tubulars (BOM:513043) Days Payable : 28.22 (As of Dec. 2023)

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What is Remi Edelstahl Tubulars Days Payable?

Remi Edelstahl Tubulars's average Accounts Payable for the three months ended in Dec. 2023 was ₹61 Mil. Remi Edelstahl Tubulars's Cost of Goods Sold for the three months ended in Dec. 2023 was ₹198 Mil. Hence, Remi Edelstahl Tubulars's Days Payable for the three months ended in Dec. 2023 was 28.22.

The historical rank and industry rank for Remi Edelstahl Tubulars's Days Payable or its related term are showing as below:

BOM:513043' s Days Payable Range Over the Past 10 Years
Min: 24.74 Med: 36.24 Max: 53.63
Current: 24.74

During the past 13 years, Remi Edelstahl Tubulars's highest Days Payable was 53.63. The lowest was 24.74. And the median was 36.24.

BOM:513043's Days Payable is ranked worse than
72.11% of 588 companies
in the Steel industry
Industry Median: 39.865 vs BOM:513043: 24.74

Remi Edelstahl Tubulars's Days Payable increased from Dec. 2022 (18.93) to Dec. 2023 (28.22). It may suggest that Remi Edelstahl Tubulars delayed paying its suppliers.

Remi Edelstahl Tubulars Days Payable Historical Data

The historical data trend for Remi Edelstahl Tubulars'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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Remi Edelstahl Tubulars Days Payable Chart

Remi Edelstahl Tubulars Annual Data

Trend

Mar14

Mar15

Mar16

Mar17

Mar18

Mar19

Mar20

Mar21

Mar22

Mar23

Days Payable

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28.99

39.38

29.62

32.03

31.61

Remi Edelstahl Tubulars 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															18.93	20.22	57.76	31.33	28.22

Competitive Comparison of Remi Edelstahl Tubulars's Days Payable

For the Steel subindustry, Remi Edelstahl Tubulars'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.

Remi Edelstahl Tubulars's Days Payable Distribution in the Steel Industry

For the Steel industry and Basic Materials sector, Remi Edelstahl Tubulars's Days Payable distribution charts can be found below:

* The bar in red indicates where Remi Edelstahl Tubulars's Days Payable falls into.

Remi Edelstahl Tubulars 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.

Remi Edelstahl Tubulars'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
=	( (107.362	+	95.879)	/	2 )	/	1173.306	*	365
=	101.6205					/	1173.306	*	365
=	31.61

Remi Edelstahl Tubulars'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
=	( (61.26	+	0)	/	1 )	/	198.091	*	365 / 4
=	61.26					/	198.091	*	365 / 4
=	28.22

Remi Edelstahl Tubulars Days Payable Related Terms

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Remi Edelstahl Tubulars (BOM:513043) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Basic Materials » Steel » Remi Edelstahl Tubulars Ltd (BOM:513043) » Definitions » Days Payable

Comparable Companies

Traded in Other Exchanges

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Address

Walbhat Road, Plot No. 11, Remi House, 11 Cama Industrial Estate, Goregaon (East), Mumbai, MH, IND, 400 063

Website

http://www.remigroup.com

Remi Edelstahl Tubulars Ltd is engaged in the business of manufacturing Stainless Steel Pipes and Tubes. In addition, it is also involved in the sale of wind power and Stainless steel goods. The company caters to both domestic and international markets, of which key revenue is derived from the sales made in India.

Remi Edelstahl Tubulars (BOM:513043) Headlines

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