Incredible Industries (BOM:538365) Days Payable : 8.38 (As of Mar. 2024)

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What is Incredible Industries Days Payable?

Incredible Industries's average Accounts Payable for the three months ended in Mar. 2024 was ₹188 Mil. Incredible Industries's Cost of Goods Sold for the three months ended in Mar. 2024 was ₹2,046 Mil. Hence, Incredible Industries's Days Payable for the three months ended in Mar. 2024 was 8.38.

The historical rank and industry rank for Incredible Industries's Days Payable or its related term are showing as below:

BOM:538365' s Days Payable Range Over the Past 10 Years
Min: 8.52 Med: 16.64 Max: 70.38
Current: 8.63

During the past 11 years, Incredible Industries's highest Days Payable was 70.38. The lowest was 8.52. And the median was 16.64.

BOM:538365's Days Payable is ranked worse than
91.44% of 584 companies
in the Steel industry
Industry Median: 41.43 vs BOM:538365: 8.63

Incredible Industries's Days Payable increased from Mar. 2023 (7.87) to Mar. 2024 (8.38). It may suggest that Incredible Industries delayed paying its suppliers.

Incredible Industries Days Payable Historical Data

The historical data trend for Incredible Industries'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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Incredible Industries Days Payable Chart

Incredible Industries Annual Data

Trend

Mar15

Mar16

Mar17

Mar18

Mar19

Mar20

Mar21

Mar22

Mar23

Mar24

Days Payable

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13.35

10.40

9.12

8.61

8.52

Incredible Industries 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															7.87	7.19	8.51	11.53	8.38

Competitive Comparison of Incredible Industries's Days Payable

For the Steel subindustry, Incredible Industries'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.

Incredible Industries's Days Payable Distribution in the Steel Industry

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

* The bar in red indicates where Incredible Industries's Days Payable falls into.

Incredible Industries 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.

Incredible Industries'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
=	( (167.89	+	187.914)	/	2 )	/	7617.531	*	365
=	177.902					/	7617.531	*	365
=	8.52

Incredible Industries'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	+	187.914)	/	1 )	/	2046.407	*	365 / 4
=	187.914					/	2046.407	*	365 / 4
=	8.38

Incredible Industries Days Payable Related Terms

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Incredible Industries (BOM:538365) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Basic Materials » Steel » Incredible Industries Ltd (BOM:538365) » Definitions » Days Payable

Comparable Companies

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INCREDIBLE:India

Address

2/1A, Sarat Bose Road, Lansdowne Towers, Kolkata, WB, IND, 700020

Website

https://www.incredibleindustries.co.in

Incredible Industries Ltd is engaged in the manufacturing and sale of iron and steel-related rolled products. It is engaged in the production of wire rods, H.B wire rods, and thermomechanically treated(TMT) bars which are mainly used in the construction and infrastructure as well as in the manufacturing units. The firm operates through the iron and steel products segment.

Incredible Industries (BOM:538365) Headlines

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