Rhetan TMT (BOM:543590) Days Payable : 46.44 (As of Sep. 2023)

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What is Rhetan TMT Days Payable?

Rhetan TMT's average Accounts Payable for the six months ended in Sep. 2023 was ₹66.8 Mil. Rhetan TMT's Cost of Goods Sold for the six months ended in Sep. 2023 was ₹262.5 Mil. Hence, Rhetan TMT's Days Payable for the six months ended in Sep. 2023 was 46.44.

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

BOM:543590' s Days Payable Range Over the Past 10 Years
Min: 24.94 Med: 31.11 Max: 91.89
Current: 32.11

During the past 4 years, Rhetan TMT's highest Days Payable was 91.89. The lowest was 24.94. And the median was 31.11.

BOM:543590's Days Payable is ranked worse than
61.9% of 588 companies
in the Steel industry
Industry Median: 41.41 vs BOM:543590: 32.11

Rhetan TMT's Days Payable increased from Sep. 2022 (33.31) to Sep. 2023 (46.44). It may suggest that Rhetan TMT delayed paying its suppliers.

Rhetan TMT Days Payable Historical Data

The historical data trend for Rhetan TMT'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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Rhetan TMT Days Payable Chart

Rhetan TMT Annual Data

Trend

Mar20

Mar21

Mar22

Mar23

Days Payable

91.89

34.22

28.00

24.94

Rhetan TMT Semi-Annual Data
	Mar20	Mar21	Sep21	Mar22	Sep22	Mar23	Sep23
Days Payable	Get a 7-Day Free Trial			29.38	26.84	33.31	22.29	46.44

Competitive Comparison of Rhetan TMT's Days Payable

For the Steel subindustry, Rhetan TMT'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.

Rhetan TMT's Days Payable Distribution in the Steel Industry

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

* The bar in red indicates where Rhetan TMT's Days Payable falls into.

Rhetan TMT 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.

Rhetan TMT'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
=	( (48.907	+	55.123)	/	2 )	/	761.155	*	365
=	52.015					/	761.155	*	365
=	24.94

Rhetan TMT's Days Payable for the quarter that ended in Sep. 2023 is calculated as:

	Days Payable (Q: Sep. 2023 )
=	Average Accounts Payable					/	Cost of Goods Sold	*	Days in Period
=	( (Accounts Payable (Q: Mar. 2023 )	+	Accounts Payable (Q: Sep. 2023 ))	/	count )	/	Cost of Goods Sold (Q: Sep. 2023 )	*	Days in Period
=	( (55.123	+	78.446)	/	2 )	/	262.466	*	365 / 2
=	66.7845					/	262.466	*	365 / 2
=	46.44

Rhetan TMT Days Payable Related Terms

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Rhetan TMT (BOM:543590) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Basic Materials » Steel » Rhetan TMT Ltd (BOM:543590) » Definitions » Days Payable

Traded in Other Exchanges

N/A

Address

Rasala Marg, Mithakhali Six Roads, 7th Floor, Ashoka Chambers, Ahmedabad, GJ, IND, 380006

Website

http://www.rhetan.com

Rhetan TMT Ltd manufactures TMT Bars and Round Bars which are used in the construction industry. The products are used in the construction of dams, bridges, residential and commercial towers, and the majority of infrastructure projects in Gujarat.

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