Steel Exchange India (BOM:534748) Days Payable : 45.84 (As of Mar. 2024)

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What is Steel Exchange India Days Payable?

Steel Exchange India's average Accounts Payable for the three months ended in Mar. 2024 was ₹1,256 Mil. Steel Exchange India's Cost of Goods Sold for the three months ended in Mar. 2024 was ₹2,501 Mil. Hence, Steel Exchange India's Days Payable for the three months ended in Mar. 2024 was 45.84.

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

BOM:534748' s Days Payable Range Over the Past 10 Years
Min: 33.96 Med: 54.31 Max: 148.11
Current: 62.7

During the past 13 years, Steel Exchange India's highest Days Payable was 148.11. The lowest was 33.96. And the median was 54.31.

BOM:534748's Days Payable is ranked better than
65.53% of 586 companies
in the Steel industry
Industry Median: 41.325 vs BOM:534748: 62.70

Steel Exchange India's Days Payable increased from Mar. 2023 (39.12) to Mar. 2024 (45.84). It may suggest that Steel Exchange India delayed paying its suppliers.

Steel Exchange India Days Payable Historical Data

The historical data trend for Steel Exchange 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.

* Premium members only.

Steel Exchange India Days Payable Chart

Steel Exchange India Annual Data

Trend

Mar15

Mar16

Mar17

Mar18

Mar19

Mar20

Mar21

Mar22

Mar23

Mar24

Days Payable

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67.14

52.77

33.96

35.03

55.85

Steel Exchange India Quarterly Data
	Jun19	Sep19	Dec19	Mar20	Jun20	Sep20	Dec20	Mar21	Jun21	Sep21	Dec21	Mar22	Jun22	Sep22	Dec22	Mar23	Jun23	Sep23	Dec23	Mar24
Days Payable	Get a 7-Day Free Trial															39.12	65.08	76.04	81.06	45.84

Competitive Comparison of Steel Exchange India's Days Payable

For the Steel subindustry, Steel Exchange 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.

Steel Exchange India's Days Payable Distribution in the Steel Industry

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

* The bar in red indicates where Steel Exchange India's Days Payable falls into.

Steel Exchange 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.

Steel Exchange India's Days Payable for the fiscal year that ended in Mar. 2024 is calculated as

	Days Payable (A: Mar. 2024 )
=	Average Accounts Payable					/	Cost of Goods Sold	*	Days in Period
=	( (Accounts Payable (A: Mar. 2023 )	+	Accounts Payable (A: Mar. 2024 ))	/	count )	/	Cost of Goods Sold (A: Mar. 2024 )	*	Days in Period
=	( (1432.884	+	1256.408)	/	2 )	/	8788.265	*	365
=	1344.646					/	8788.265	*	365
=	55.85

Steel Exchange India's Days Payable for the quarter that ended in Mar. 2024 is calculated as:

	Days Payable (Q: Mar. 2024 )
=	Average Accounts Payable					/	Cost of Goods Sold	*	Days in Period
=	( (Accounts Payable (Q: Dec. 2023 )	+	Accounts Payable (Q: Mar. 2024 ))	/	count )	/	Cost of Goods Sold (Q: Mar. 2024 )	*	Days in Period
=	( (0	+	1256.408)	/	1 )	/	2500.782	*	365 / 4
=	1256.408					/	2500.782	*	365 / 4
=	45.84

Steel Exchange India Days Payable Related Terms

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Steel Exchange India (BOM:534748) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Basic Materials » Steel » Steel Exchange India Ltd (BOM:534748) » Definitions » Days Payable

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STEELXIND:India

Address

Block A, Green City Towers, Near Apparel Export Park, Green City, Vadlapudi Post, Visakhapatnam, AP, IND, 530049

Website

https://www.seil.co.in

Steel Exchange India Ltd is engaged in the business of manufacturing and marketing iron and steel products. It operates in the Iron and Steel and Power segment. The division also deals with the products manufactured by the company namely TMT bars, Sponge Iron, and Steel billet, RINL (Vizag Steel) and is marketed in some of the coastal regions. The company also engages in the generation and sale of power to power traders. The company generates the majority of its revenue from the Iron and steel segment.

Steel Exchange India (BOM:534748) Headlines

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