Ankit Metal & Power (BOM:532870) Days Payable : 357.21 (As of Dec. 2023)

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What is Ankit Metal & Power Days Payable?

Ankit Metal & Power's average Accounts Payable for the three months ended in Dec. 2023 was ₹6,424 Mil. Ankit Metal & Power's Cost of Goods Sold for the three months ended in Dec. 2023 was ₹1,641 Mil. Hence, Ankit Metal & Power's Days Payable for the three months ended in Dec. 2023 was 357.21.

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

BOM:532870' s Days Payable Range Over the Past 10 Years
Min: 77.47 Med: 316.82 Max: 843.32
Current: 229.33

During the past 13 years, Ankit Metal & Power's highest Days Payable was 843.32. The lowest was 77.47. And the median was 316.82.

BOM:532870's Days Payable is ranked better than
95.56% of 586 companies
in the Steel industry
Industry Median: 41.325 vs BOM:532870: 229.33

Ankit Metal & Power's Days Payable increased from Dec. 2022 (286.92) to Dec. 2023 (357.21). It may suggest that Ankit Metal & Power delayed paying its suppliers.

Ankit Metal & Power Days Payable Historical Data

The historical data trend for Ankit Metal & 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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Ankit Metal & Power Days Payable Chart

Ankit Metal & Power Annual Data

Trend

Mar14

Mar15

Mar16

Mar17

Mar18

Mar19

Mar20

Mar21

Mar22

Mar23

Days Payable

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453.68

371.33

417.53

262.31

241.83

Ankit Metal & 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															286.92	141.55	299.54	249.80	357.21

Competitive Comparison of Ankit Metal & Power's Days Payable

For the Steel subindustry, Ankit Metal & 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.

Ankit Metal & Power's Days Payable Distribution in the Steel Industry

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

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

Ankit Metal & 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.

Ankit Metal & 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
=	( (6012.636	+	5901.255)	/	2 )	/	8990.791	*	365
=	5956.9455					/	8990.791	*	365
=	241.83

Ankit Metal & 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
=	( (6423.66	+	0)	/	1 )	/	1640.918	*	365 / 4
=	6423.66					/	1640.918	*	365 / 4
=	357.21

Ankit Metal & Power Days Payable Related Terms

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Ankit Metal & Power (BOM:532870) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Basic Materials » Steel » Ankit Metal & Power Ltd (BOM:532870) » Definitions » Days Payable

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ANKITMETAL:India

Address

132A, S. P. Mukherjee Road, SKP House, Kolkata, WB, IND, 700 026

Website

https://www.ankitmetal.com

Ankit Metal & Power Ltd manufactures and sells iron and steel products. Its product portfolio includes Sponge Iron, M.S. Billets, Pig Iron, Ferro Silicon, and others.

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