Pattech Fitwell Tube Components (NSE:PATTECH) Days Payable : 20.45 (As of Sep. 2023)

View and export this data going back to 2023. Start your Free Trial

What is Pattech Fitwell Tube Components Days Payable?

Pattech Fitwell Tube Components's average Accounts Payable for the six months ended in Sep. 2023 was ₹18.8 Mil. Pattech Fitwell Tube Components's Cost of Goods Sold for the six months ended in Sep. 2023 was ₹168.1 Mil. Hence, Pattech Fitwell Tube Components's Days Payable for the six months ended in Sep. 2023 was 20.45.

The historical rank and industry rank for Pattech Fitwell Tube Components's Days Payable or its related term are showing as below:

NSE:PATTECH' s Days Payable Range Over the Past 10 Years
Min: 17.69 Med: 19.16 Max: 31.62
Current: 27.92

During the past 3 years, Pattech Fitwell Tube Components's highest Days Payable was 31.62. The lowest was 17.69. And the median was 19.16.

NSE:PATTECH's Days Payable is ranked worse than
69.45% of 586 companies
in the Steel industry
Industry Median: 41.305 vs NSE:PATTECH: 27.92

Pattech Fitwell Tube Components's Days Payable increased from Mar. 2021 (0.00) to Sep. 2023 (20.45). It may suggest that Pattech Fitwell Tube Components delayed paying its suppliers.

Pattech Fitwell Tube Components Days Payable Historical Data

The historical data trend for Pattech Fitwell Tube Components'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.

Pattech Fitwell Tube Components Days Payable Chart

Pattech Fitwell Tube Components Annual Data

Trend

Mar20

Mar21

Mar22

Days Payable

17.69

19.16

31.62

Pattech Fitwell Tube Components Semi-Annual Data
	Mar20	Mar21	Mar22	Sep23
Days Payable	-	-	-	20.45

Competitive Comparison of Pattech Fitwell Tube Components's Days Payable

For the Steel subindustry, Pattech Fitwell Tube Components'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.

Pattech Fitwell Tube Components's Days Payable Distribution in the Steel Industry

For the Steel industry and Basic Materials sector, Pattech Fitwell Tube Components's Days Payable distribution charts can be found below:

* The bar in red indicates where Pattech Fitwell Tube Components's Days Payable falls into.

Pattech Fitwell Tube Components 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.

Pattech Fitwell Tube Components's Days Payable for the fiscal year that ended in Mar. 2022 is calculated as

	Days Payable (A: Mar. 2022 )
=	Average Accounts Payable					/	Cost of Goods Sold	*	Days in Period
=	( (Accounts Payable (A: Mar. 2021 )	+	Accounts Payable (A: Mar. 2022 ))	/	count )	/	Cost of Goods Sold (A: Mar. 2022 )	*	Days in Period
=	( (8.374	+	24.811)	/	2 )	/	191.531	*	365
=	16.5925					/	191.531	*	365
=	31.62

Pattech Fitwell Tube Components'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. 2022 )	+	Accounts Payable (Q: Sep. 2023 ))	/	count )	/	Cost of Goods Sold (Q: Sep. 2023 )	*	Days in Period
=	( (24.811	+	12.856)	/	2 )	/	168.087	*	365 / 2
=	18.8335					/	168.087	*	365 / 2
=	20.45

Pattech Fitwell Tube Components Days Payable Related Terms

Thank you for viewing the detailed overview of Pattech Fitwell Tube Components's Days Payable provided by GuruFocus.com. Please click on the following links to see related term pages.

Pattech Fitwell Tube Components (NSE:PATTECH) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Basic Materials » Steel » Pattech Fitwell Tube Components Ltd (NSE:PATTECH) » Definitions » Days Payable

Comparable Companies

Traded in Other Exchanges

N/A

Address

Survey No.873/B/1 Road No:1 Anson Limbani Estate, Near GETCO 66 KV Substation GIDC POR NH-8, Vadodara, GJ, IND, 391243

Website

https://www.pftcpipefittings.com

Pattech Fitwell Tube Components Ltd is engaged in manufacturing pipe fittings, flanges, and various types of forgings and machined components as well as pipe spools and fabrication works for various industries like fertilizers, petrochemical, power, chemical & pharmaceutical, food processing, oil & gas, desalination & water treatment, shipbuilding, defense, fabrication of process equipment, instrumentation.

Pattech Fitwell Tube Components (NSE:PATTECH) Headlines

No Headlines