MSP Steel & Power (BOM:532650) Days Payable : 23.35 (As of Dec. 2023)

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What is MSP Steel & Power Days Payable?

MSP Steel & Power's average Accounts Payable for the three months ended in Dec. 2023 was ₹1,605 Mil. MSP Steel & Power's Cost of Goods Sold for the three months ended in Dec. 2023 was ₹6,271 Mil. Hence, MSP Steel & Power's Days Payable for the three months ended in Dec. 2023 was 23.35.

The historical rank and industry rank for MSP Steel & Power's Days Payable or its related term are showing as below:

BOM:532650' s Days Payable Range Over the Past 10 Years
Min: 27.51 Med: 45.85 Max: 63.23
Current: 27.51

During the past 13 years, MSP Steel & Power's highest Days Payable was 63.23. The lowest was 27.51. And the median was 45.85.

BOM:532650's Days Payable is ranked worse than
69.97% of 586 companies
in the Steel industry
Industry Median: 41.325 vs BOM:532650: 27.51

MSP Steel & Power's Days Payable increased from Dec. 2022 (0.00) to Dec. 2023 (23.35). It may suggest that MSP Steel & Power delayed paying its suppliers.

MSP Steel & Power Days Payable Historical Data

The historical data trend for MSP Steel & Power'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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MSP Steel & Power Days Payable Chart

MSP Steel & Power Annual Data

Trend

Mar14

Mar15

Mar16

Mar17

Mar18

Mar19

Mar20

Mar21

Mar22

Mar23

Days Payable

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45.15

46.55

38.30

34.67

37.04

MSP Steel & Power 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															-	24.83	35.95	27.92	23.35

Competitive Comparison of MSP Steel & Power's Days Payable

For the Steel subindustry, MSP Steel & Power'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.

MSP Steel & Power's Days Payable Distribution in the Steel Industry

For the Steel industry and Basic Materials sector, MSP Steel & Power's Days Payable distribution charts can be found below:

* The bar in red indicates where MSP Steel & Power's Days Payable falls into.

MSP Steel & Power 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.

MSP Steel & Power'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
=	( (2679.289	+	2064.93)	/	2 )	/	23373.05	*	365
=	2372.1095					/	23373.05	*	365
=	37.04

MSP Steel & Power'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
=	( (1604.582	+	0)	/	1 )	/	6270.698	*	365 / 4
=	1604.582					/	6270.698	*	365 / 4
=	23.35

MSP Steel & Power Days Payable Related Terms

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MSP Steel & Power (BOM:532650) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Basic Materials » Steel » MSP Steel & Power Ltd (BOM:532650) » Definitions » Days Payable

Traded in Other Exchanges

MSPL:India

Address

New Alipore, 16/S, Block A, Kolkata, WB, IND, 700 053

Website

https://www.mspsteel.com

MSP Steel & Power Ltd is engaged in the manufacturing of iron and steel products. It is also engaged in the generation and sale of power. Geographically, it derives a majority of its revenue from India. The company's product offerings include TMT Bar, structural steel, and pipes.

MSP Steel & Power (BOM:532650) Headlines

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