Metal Coatings (India) (BOM:531810) Days Payable : 3.70 (As of Dec. 2023)

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What is Metal Coatings (India) Days Payable?

Metal Coatings (India)'s average Accounts Payable for the three months ended in Dec. 2023 was ₹15 Mil. Metal Coatings (India)'s Cost of Goods Sold for the three months ended in Dec. 2023 was ₹359 Mil. Hence, Metal Coatings (India)'s Days Payable for the three months ended in Dec. 2023 was 3.70.

The historical rank and industry rank for Metal Coatings (India)'s Days Payable or its related term are showing as below:

BOM:531810' s Days Payable Range Over the Past 10 Years
Min: 0.14 Med: 0.97 Max: 2.24
Current: 1.71

During the past 13 years, Metal Coatings (India)'s highest Days Payable was 2.24. The lowest was 0.14. And the median was 0.97.

BOM:531810's Days Payable is ranked worse than
99.49% of 586 companies
in the Steel industry
Industry Median: 41.325 vs BOM:531810: 1.71

Metal Coatings (India)'s Days Payable increased from Dec. 2022 (0.88) to Dec. 2023 (3.70). It may suggest that Metal Coatings (India) delayed paying its suppliers.

Metal Coatings (India) Days Payable Historical Data

The historical data trend for Metal Coatings (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.

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Metal Coatings (India) Days Payable Chart

Metal Coatings (India) Annual Data

Trend

Mar14

Mar15

Mar16

Mar17

Mar18

Mar19

Mar20

Mar21

Mar22

Mar23

Days Payable

Get a 7-Day Free Trial

1.21

1.86

0.90

0.68

0.79

Metal Coatings (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															0.88	0.75	1.05	3.61	3.70

Competitive Comparison of Metal Coatings (India)'s Days Payable

For the Steel subindustry, Metal Coatings (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.

Metal Coatings (India)'s Days Payable Distribution in the Steel Industry

For the Steel industry and Basic Materials sector, Metal Coatings (India)'s Days Payable distribution charts can be found below:

* The bar in red indicates where Metal Coatings (India)'s Days Payable falls into.

Metal Coatings (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.

Metal Coatings (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
=	( (2.908	+	3.868)	/	2 )	/	1574.342	*	365
=	3.388					/	1574.342	*	365
=	0.79

Metal Coatings (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
=	( (14.555	+	0)	/	1 )	/	358.838	*	365 / 4
=	14.555					/	358.838	*	365 / 4
=	3.70

Metal Coatings (India) Days Payable Related Terms

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Metal Coatings (India) (BOM:531810) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Basic Materials » Steel » Metal Coatings (India) Ltd (BOM:531810) » Definitions » Days Payable

Comparable Companies

Traded in Other Exchanges

N/A

Address

912, Hemkunt Chambers, 89, Nehru Place, New Delhi, IND, 110019

Website

https://www.mcil.net

Metal Coatings (India) Ltd is an Indian based company engaged in the manufacturing and sale of steel products. Its products include cold rolled steel strips, hot rolled pickled oiled coils/strips, cold rolled flat wire strips, and galvanized wire and galvanized strips. These products are used by a wide range of user industries such as auto component, white goods and electrical equipment, and others.

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